Entrepreneurs Chris and Jeanie Rodgers pitched their easy rope-dispensing canister during
If you’re short on time, here’s a quick overview of what happened to Rapid Rope after
Chris and Jeanie Rodgers appeared on
|Barbara Corcoran||Accepted deal for $200,000 for 30% equity|
|Kevin O’Leary||No offer|
|Lori Greiner||No offer|
|Mark Cuban||No offer|
|Rohan Oza||No offer|
Shark Tank Rapid Rope Update
- Entrepreneurs: Chris and Geanie Rodgers
- Business: Easy rope-dispensing canister
- Ask: $200,000 for 20% equity
- Result: $200,000 for 30% equity
- Shark: Barbara Corcoran
Founders of Rapid Rope, and avid outdoors people, Chris and Geanie Rodgers, spotted a problem with traditional rope. It was difficult to get to, especially in an emergency.
Just pull the utility rope and slice it with the built in cutter. It’s that simple! Did we mention it’s tangle-free? That’s right, no more tangles or tangled utility rope whatsoever!
Their pitch included a zombie attack, but it also has practical applications. Basically, Chris, an electrical lineman, uses rope in every part of his job and found that it tangled and was a challenge to use at times.
Because of this, the husband and wife team 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 show a video of their rope lifting a shed. It’s definitely tough.
Further, 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 also debt-free, plus they’ve put in $115,000 of their own money.
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Although this is all good news, Lori Greiner is the first to drop out entirely. She says that she has no idea how she’d make rope popular, or noteworthy.
Then, Kevin O’Leary and Mark Cuban drop out as well. Unfortunately, Kevin agrees with Lori, and Mark isn’t an outdoors guy.
This leaves guest shark Rohan Oza and Barbara Corcoran. The entrepreneurs mention their charity efforts for children in Africa, and Rohan ultimately offers to donate $10,000 to the charity they’ve backed.
While he does want to extend some generosity, 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.
How is the company doing today? Read about it in our
We have good news to share in our Rapid Rope update. The company is still in business, with a yearly revenue of around $1 million.
Products are still available on the Rapid Rope website in two sizes, plus refills are also available. Further, you can find Rapid Rope products on Amazon and at Duluth Trading Company.
In our Rapid Rope update research, we also found that they have a military sales representative now, implying that they regularly do sales with the military.
You can find the other company updates from Season 11 Episode 12 here:
For even more on companies and products, be sure to stop by our Season 11 products page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!