What Happened to Rocketbook After the Shark Tank Pitch?
What is Rocketbook?
The Rocketbook is a notebook technological breakthrough that combines the independence of a conventional pen and paper notepad with the convenience of being able to view your notes from any location.
The Rocketbook App syncs the smart reusable notebook with Google Docs, Dropbox, Evernote, iCloud, Slack, Box, and email.
The Rocketbook is perfect for taking notes, sketching, making shopping lists, generating flow charts, delivering presentations, and anything else comes to mind.
Who is the Founder of Rocketbook?
Jake Epstein and Joe Lemay established Rocketbook. Purdue University awarded Epstein a bachelor’s degree in Electrical and Computer Engineering.
In 2006, Lemay received his MBA from the Massachusetts Institute of Technology.
Epstein is not the only company he has formed; before to Rocketbook, he co-founded many firms and worked as a Hardware Design Engineer.
Lemay is an Account Executive at salesforce.com. The duo is still in charge of Rocketbook today, with Epstein serving as Chief Innovative Officer and Lemay as CEO.
In 2013, when co-founder Joe LeMay forgot to bring a vital notepad to a sales meeting, the Rocketbook was born.
He spent the most of the following year looking for solutions that would allow him to access his notes from anywhere and never have to go through such an embarrassing predicament again.
In late 2014, he met co-founder Jake Epstein, and after proposing the concept of a “cloud linked paper notepad,” Jake was all in. The two would begin work on what would become the Rocketbook the following day.
By 2015, Jake and Joe had launched their crowdfunding campaigns for the Rocketbook Wave, the first edition of their microwavable notebook, on Kickstarter and Indiegogo.
The crowdfunding campaigns earned almost $1.8 million, which was used to produce the first wave of the futuristic notebook for its 28,000+ backers.
The Rocketbook Wave and its accessories were available for purchase on the company’s website and on Amazon by the summer of 2016.
The Rocketbook Wave would be “Amazon.com’s best-selling notebook” by the end of 2016.
In April 2017, Rocketbook launched a crowdfunding campaign for the Rocketbook Everlast.
The campaign raised nearly $2.7 million with over 42,000 backers. It became the “number one office/school product in crowdfunding history.”
What Happened to Rocketbook at the Shark Tank Pitch?
Jake and Joe appeared on Shark Tank season 8 episode 24 in pursuit of $400,000 in exchange for a 10% ownership in their business. This indicates a $4 million investment.
They show it to Robert and ask him to put it in the microwave for them while they distribute samples.
Each Rocketbook costs $27.
The Sharks are interested since they have sold $2.2 million. When the microwave is done, they show the Sharks that the book has been fully depleted.
Robert wants to know more about the science behind the Rocketbook’s operation. Joe believes that a microwave-safe notebook was developed with a lot of research.
They do, in fact, have pending patents. Robert asks about the water, which Joe believes absorbs a lot of energy and slows down the heating process.
Barb is still in amazement, describing it as “the most amazing, weird, and smart thing she’s ever seen.” Her fear is that it is a fantastic gimmick that will fade in two to three years. She has left.
Because Robert feels that other Sharks are interested, he will not muddy the competition. He, too, has left.
Kevin is only concerned about reusability because he wants to sell more notebooks; he is no longer interested.
Lori dislikes photographing each page, then microwaving it and spritzing it with water. She understands how people may love it for a short time and tell their friends about it, but she feels it will fade after a while.
As a result, she is no longer included in the agreement.
They inform Mark that they intend to develop digitally enabled paper and office items, which is an absurd concept.
Mark laughs. He, too, is out, and they depart the Shark Tank with no contract in their Rocketbook notes.
What Happened to Rocketbook After the Shark Tank Pitch?
The Rocketbook product range has expanded beyond the initial Rocketbook Wave, as shown on Shark Tank.
They now have the Rocketbook Everlast as well as the Rocketbook Colour. The Rocketbook Everlast ($34) is designed with a unique fibre in the pages that allows the pages to be wiped using a damp cloth.
The Rocketbook Colour offers the same characteristics as the other Rocketbooks, but it has a particular fibre that allows crayons, markers, and coloured pencils to be wiped away.
Rocketbook Colour costs $22 and features 12 pages.
The Rocketbook One is a new product that has recently been available. This is a $12 one-time use Rocketbook notebook.
The One is not microwave-safe and is not a reusable product, according to the website. However, you may still upload an archive using the Rocketbook App.
Finally, the Rocketbook Wave is still available for $27. A three-pack, which costs $72, is a good way to save money.
BIC, the producer of pens, paid $40 million for the firm in December 2020.
What is the Net Worth of Rocketbook?
The acquisition cost a total of $40 million.
Who are Competitors of Rocketbook?
The following are Rocketbook equivalents and competitors:
Stickies Miro, Moleskine Smart Notebook, and Brill were used to capture the images.
Rocketbook FAQS
What is Rocketbook?
Rocketbook is a smart notebook that can be used for everyday notes or for meetings. Its pages can be instantly erased and reused again, as long as they use its corresponding app.
They may also use the Rocketbook Wave in a microwave, which allows them to save space while giving them the chance to reuse their notebook more than once.
It also comes with a microfiber cloth that allows them to wipe off the pages easily.
How does Rocketbook work?
To use the notebook, they may write on it using any pen and then insert it into the microwave in order to erase and reuse it again.
Who is the founder of Rocketbook?
Joe Leech and Jake Epstein are the founders of Rocketbook.
When did Rocketbook start?
Rocketbook started in late 2015. Jake and Joe had launched their crowdfunding campaigns for the Rocketbook Wave, the first edition of their microwavable notebook, on Kickstarter and Indiegogo.
The crowdfunding campaigns earned almost $1.8 million, which was used to produce the first wave of the futuristic notebook for its 28,000+ backers.
When was Rocketbook aired on Shark Tank?
The Rocketbook was aired May 12th, 2017 on Shark Tank.
Does Rocketbook work with other systems?
The Rocketbook App is linked to Google Docs, Dropbox, Evernote, iCloud, Slack, Box, and email.
What does it cost?
The Rocketbook Wave is available for $27 and can be ordered on their website or on Amazon.
How much was Joe Leech and Jake Epstein seeking in the Shark Tank?
Joe and Jake were seeking $400,000 in exchange for a 10% ownership in their business.
Did Rocketbook get a deal on the Shark Tank?
No, the deal was not reached.
Where can they buy Rocketbook?
They can find the Rocketbook Wave on Amazon and their website.
What happened to Rocketbook after the Shark Tank?
The Rocketbook product range has expanded beyond the initial Rocketbook Wave, as shown on Shark Tank.
Is Rocketbook still in business?
Yes, BIC, the producer of pens, paid $40 million for the firm in December 2020.
