Rapid Rope Shark Tank Update – Shark Tank Season 11
Rapid Rope, the no‑tangle rope‑in‑a‑can pitched on Shark Tank, was valued at $1 million and secured a deal with Barbara. Today, it earns nearly $1 million annually and is estimated to be worth around $1 -$2 million.
Geanie and Chris Rogers hope to tie up a deal for Rapid Rope, their “rope in a can,” in Shark Tank Season 11 Episode 12. Chris is a utility lineman, and the Rogers family does a lot of camping, hunting, and fishing. A common need when Rogers pursues outdoor interests is rope.
Check out other Shark Tank Season 11 Episodes.
About Rapid Rope
| Category | Details |
|---|---|
| Business Name | Rapid Rope |
| Founders | Chris and Geanie Rogers |
| Industry | Outdoor and Utility Gear |
| Product | 120 feet of flat braid rope in a compact, shatterproof canister with a built-in cutting device |
| Deal Status | Deal secured with Barbara Corcoran |
| Investment Asked | $200,000 for 20% equity |
| Deal Outcome | $200,000 for 30% equity |
| Valuation | $1 million |
Chris always carries a coil of rope with him when he’s outdoors. Unfortunately, the rope gets tangled, and he struggles to find something to cut it with. His solution is Rapid Rope, which is 120 feet of flat braid rope in a canister.
The rope has 1100 pounds of tensile strength, strong enough to hold just about anything. It’s coiled in a shatterproof canister with a cutting device. Carrying a lot of rope around is convenient, and it doesn’t take up a lot of space.
One canister of Rapid Rope costs $25, and a refill cartridge costs $15. Reviews are unanimously positive. The product does what it says it will do. RapidRope got its start in 2017, but the Rogers had to put the business on the back burner for a few years when their adopted son got ulcerative colitis. They spent a lot of their time and money getting him healthy, and they’re ready to get it going full steam again. Hopefully, a Shark will “knot” let them down.
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Rapid Rope Shark Tank Pitch
Geanie and Chris enter seeking $200,000 for 20% of their business. They explain their product and hand out samples. The Sharks like the $172,000 in sales since launching two years ago. They’re also intrigued about a retail arrangement with Duluth Trading Company.
In honor of their adopted son, they’re using some of their profits to build a school in his native Ethiopia.
Did Rapid Rope Get a Deal on Shark Tank?
Rohan doesn’t want to partner with the couple, but offers to donate $10,000 to the school. All the other Sharks, except Barbara, are hesitant, too.
Barbara doesn’t know much about rope but likes Geanie and Chris. She offers $200,000 for 30%, and they accept.
Rapid Rope Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The deal with Barbara never closed, but the product is still available online and at Duluth Trading Company. Rohan did make good on his offer of $10,000 for the school.
As of August 2024, the company is still in business and has between $900,000 and $1 million in annual revenue. The estimated net worth of Rapid Rope is between $1 million and $2 million.
Posts about Rapid Rope on Shark Tank Blog
Where Can You Buy It?
Rapid Rope is available for purchase on its official website and on Amazon. Check out its Facebook page for more updates.
Quick Summary
- Chris and Geanie Rogers pitched Rapid Rope, a compact, tangle-free rope dispenser with a built-in cutter, seeking $200,000 for 20% equity.
- They secured a deal with Barbara Corcoran for $200,000 and 30%, but the deal did not ultimately close.
- The product is available online and in retail stores like Duluth Trading Company, with annual revenue between $900,000 and $1 million as of August 2024.
Curious to know about the other businesses that appeared on the same episode? Check out their business updates!
