What Happened to Rapid Rope After Shark Tank?
What exactly is Rapid Rope?
Rapid Rope is an eco-friendly, organic rope firm dedicated to creating a more sustainable future. They use bamboo to make high-quality ropes and fabrics. Rapid Rope is a range of ultra-lightweight, super-strong ropes created for adventurers and individuals on the go.
Rapid Rope was started in 2017 by Geanie and Chris Rodgers, however the Rogers had to put the company on pause for a few years after their adoptive son was diagnosed with ulcerative colitis.
They were tired of untangling ropes, especially when they were needed the most. They invented the Rapid Rope to make rope storage, dispensing, and cutting easier without the hassle of constant untangling.
The product is unique in that it is packaged in an ingenious dispenser, allowing the Rapid Rope to serve as a one-stop shop.
To promote repeat purchases, just refill the dispenser canister with new canisters. Each rope is 120 feet long, weighs 1,100 pounds, and may be cut to fit.
Who is the man behind Rapid Rope?
Rapid Rope was started in 2017 by Geanie and Chris Rodgers, however the Rogers had to put the company on pause for a few years after their adoptive son was diagnosed with ulcerative colitis.
Chris Rogers works as a utility lineman and likes camping, hunting, and fishing with his family. Rope is regularly used by the Rogers when they engage in outdoor activities.
Chris usually carries a coil of rope with him when he walks outside. Unfortunately, the rope became tangled, and he was continuously searching for something sharp enough to cut it.
His answer is Rapid Rope. It’s a canister with 120 feet of flat braid rope inside. The rope has a tensile strength of 1100 pounds, which allows it to hold practically anything.
It’s wrapped in a shatterproof canister with an integrated cutting mechanism. Carrying a huge length of rope about is now simple and takes very little space.
A canister of Rapid Rope costs $25, and a replacement cartridge costs $15. The feedback has been extremely positive. The thing works as it should. They invested a lot of time and money to get him healthy, and they’re now ready to continue the operation at full speed.
What Happened to Rapid Rope’s Shark Tank Pitch?
Geanie and Chris Rodgers decided to present their company to Shark Tank investors in order to seek money and distribution support.
Geanie and Chris entered the Shark Tank seeking $200,000 for a 20% ownership in their company, which worth $1 million.
They display their products and give out samples.
The Sharks are happy with the company’s $172,000 in sales since its beginning two years ago. They are also interested in establishing a retail connection with Duluth Trading Company.
In honor of their adopted child, they’re contributing a part of their profits to help create a school in his home country of Ethiopia.
Lori was the first to exit the deal, followed by Mark, Kevin, and lastly Rohan. But, before left, Rohan declines to engage with the couple and instead makes a $10,000 payment to the institution. Except for Barbara, all of the Sharks are hesitant as well.
Barbara, on the other hand, was inexperienced with rope, but she admires Geanie and Chris. She offers $200,000 in return for a 30% ownership in the company.
They counter-offer Barbara $200,000 in return for a 20% stake in their company, but she declines. Finally, they accept the offer and close the deal.
What Happened to Rapid Rope Following the Shark Tank?
Following their celebration during the pitch, the couple emphasized that the deal with Barbara was never finalized, despite the fact that the product is still available online and at Duluth Trading Company.
Rohan did honor his $10,000 promise for the school. The firm’s yearly income is between $900,000 and $1 million as of November 2021.
Rapid Rope Competitors
Rapid Rope is up against a slew of competitors, including Climb Right.
Rapid Rope’s Net Worth
During the pitch, the firm was valued at $1 million; since then, it has sold for more than $900,000 in revenue. This indicates that the company’s net worth might have been higher than that of pitch.
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Rapid Rope FAQs
Who are the founders of Rapid Rope?
Rapid Rope was founded by Geanie and Chris Rodgers.
Where is Rapid Rope’s office?
Rapid Rope’s is located in New York.
How does Rapid Rope work?
Rapid Rope is a canister with 120 feet of flat braid rope inside. The rope has a tensile strength of 1100 pounds, which allows it to hold practically anything. At some point, the Rodgers had to put the company on pause for a few years after their adoptive son was diagnosed with ulcerative colitis.
How much does Rapid Rope cost?
A canister costs $25, and a replacement cartridge costs $15. The feedback has been extremely positive.
What is Rapid Rope made of?
It’s made of bamboo.
What is Rapid Rope known for?
It’s known for its eco-friendly, organic ropes that are extremely light and strong.
Who is the target market for Rapid Rope?
It’s targeted at adventurers and individuals on the go.
What is the best way to use Rapid Rope?
It can be used in several ways, including tying knots, making a hammock, setting up tents, and securing loads.
What is the purpose of Rapid Rope?
Rapid Rope was created to simplify rope storage, dispensing, and cutting.
How often should I replace Rapid Rope?
Rapid Rope can be replaced after cutting it. The guides recommend replacing the product every 6 months.
Are there any warnings or side effects associated with Rapid Rope?
Rapid Rope is considered safe to use even by children and pregnant woman, but there’s no evidence of its usage causing any harm. Some have reported that they have experienced some burning in the mouth while using it.
Is Rapid Rope safe to use?
Rapid Rope is considered safe to use by children and pregnant women.
What does Rapid Rope look like?
It’s a canister containing flat braid ropes.
What is the warrant of Rapid Rope?
The warrant of Rapid Rope is that if it doesn’t perform as described, it will be replaced free of charge.
How many pieces can Rapid Rope hold?
Rapid Rope can hold up to 1,000 feet (300 meters).
Where can I purchase Rapid Rope?
Rapid Rope owners can purchase their products online on the company’s official website. The company also runs a brick-and-mortar store in the Brooklyn borough of New York City.
How should I store Rapid Rope?
The company recommends storing it in a dry and cool place to keep it safe and avoid regular wear and tear.
