Rapid Rope Update | Shark Tank Season 11
A rope has so many applications, but it tangles too easily and leaves you with a mess. What do you do in an emergency? Rapid Rope has you covered. Chris and Geanie Rodgers answered this problem with a quick-dispensing rope canister that won’t leave you hanging. Do the sharks want to get tied up with this Season 11 pitch? Find out on our
Shark Tank Rapid Rope Update
- Entrepreneur: Chris and Geanie Rodgers
- Business: Easy rope-dispensing canister
- Ask: $200,000 for 20% equity
- Result: $200,000 for 30% equity
- Shark: Barbara Corcoran
Avid outdoors people Chris and Geanie Rodgers spotted a problem with traditional rope. It was difficult to get to, especially in an emergency. Their pitch included a zombie attack, but it has practical applications as well. Chris, an electrical lineman, used rope in every part of his job and found that it tangled and was a challenge to use at times.
So they decided to put a cartridge of heavy-duty rope into a canister, include a wrap-around cutting system, and call it Rapid Rope. The result is extremely effective. When asked about the strength of the rope, the entrepreneurs showed a video of their rope lifting a shed. It’s definitely tough.
The company has $172,000 in lifetime sales, in part due to their inability to do this full-time due to their five children (one of which has extensive medical needs). The business is debt-free, and they’ve put in $115,000 of their own money.
Lori Greiner is the first to drop out entirely, saying that she has no idea how she’d make rope popular or noteworthy. Kevin O’Leary and Mark Cuban drop out as well; Kevin agrees with Lori, and Mark isn’t an outdoors guy.
That leaves guest shark Rohan Oza and Barbara Corcoran. The entrepreneurs mentioned their charity efforts for children in Africa, and Rohan offers to donate $10,000 to the charity they’ve backed. Unfortunately, he doesn’t know what to do with rope. He drops out.
Barbara is a self-proclaimed rope novice, but the best deals she’s made on
They attempt to counteroffer for 25% equity, but Barbara won’t move on it. They decide to accept her offer regardless. But how is the company doing today? Read about it in our
Rapid Rope is still available on its website. They’ve avoided the common mistake of branching out to other products. They still sell their rope in a can, cartridges, and a hat with the logo. You can also find them at Duluth Trading Company.
In our Rapid Rope update research, we found that they have a military sales representative now, implying that they regularly do sales with the military. Rapid Rope has been featured on USA Today, and reports indicate that they are doing around $1 million per year in revenue.
You can find the other company updates from Season 11 Episode 12 here:
Don’t forget to take a look at our Season 11 products page! We’ve got more company updates from