Shark Tank Pitch Recap
In Season 11 Episode 12 Geanie and Chris Rodgers appeared on Shark Tank seeking $200,000 for 20% of their rope dispenser can, Rapid Rope.
Here’s a quick recap before we dive into the Rapid Rope Shark Tank update.
- : She’s not very outdoorsy and doesn’t know how she can blow it up for them.
Out - : He’s not an outdoors guy as well but sees nothing but great things for them.
Out - : Doesn’t know how he can blow it up for them.
Out - : Doesn’t kow how to help them from a business perspective but he would like to donate $10,000 to their run for charity.
Out - : Doesn’t know much about rop but loves them. They remind her of Grace and Lace
Offer: $200K for 30% equity
The Final Deal
Barbara is their only offer on the table. The Rodgers’ attempt to counter her at 25%, but Barbara stands firm on her offer of $200K for 30%. The Rodgers’ accept and leave the Tank with a $666K valuation for Rapid Rope.
| Season 11 Episode 12 | |
|---|---|
| Episode Number | |
| Network | |
| Air Date | January 19, 2020 |
| Business Pitch | multi-use utility rope dispensing and cutting cannister |
|---|---|
| Entrepreneur/Founder | Geanie Rodgers and Chris Rodgers |
| Asked For | $200,000 for 20% |
| Deal | $200,000 for 30% |
| Shark | Barbara Corcoran |
| Business Status | In Business |
|---|---|
| Estimated Valuation | |
| Website | — |
this is an amazing simple product.