Is SingTrix The New Autotune? Shark Tank Recap

The guy that created Guitar Hero, the game where people pretended to play guitar, has returned with SingTrix, a sort of karaoke machine that lets people who can't sing pretend they can.

"The next-generation karaoke machine that makes bad singers sound good and good singers sound amazing," according to the company's website.

"Sound like your favorite stars with hundreds of professional vocal effects, live backup harmonies created from your own voice & natural pitch-correction. It works with any music and any audio device."

The company's founders John and Eric brought the $350 machine to the Shark Tank Halloween night and price was one of the first problems the Sharks had with the device.

The founders demonstrated the device and proved to the Sharks that it works, but would that be enough to get a deal?

The founders placed a value on their company of $30 million based on their potential relationship with a "major electronics retailer."

The pair were ask for $1.5 million for a 5% stake in the company.

Kevin O'Leary offered the money for a deal which varied in equity from 50% to 10% that included a royalty. Robert Herjavec offered $1.5 million for 20%.

Lori Greiner also jumped in with an offer similar to O'Leary's. Daymond John jumped in with an offer of $1.5 million for 20% and agreed to fund orders.

The founders countered with $1.5 million for 7%. The Sharks were offended and dropped out.