Rapid Rope Shark Tank Update

Rapid Rope Shark Tank Pitch

Geanie Rodgers and Chris Rodgers appeared on Shark Tank Season 11, Episode 12, which aired on January 18, 2020, with multi-use utility rope dispensing and cutting cannister.

Rapid Rope is listed in the Accessories Gadgets category. In plain terms, the business is described as multi-use utility rope dispensing and cutting cannister.

Rapid Rope asked the Sharks for $200,000 for 20%, implying a valuation of about $1 million.

On the show, Rapid Rope made a listed deal with Barbara Corcoran for $200,000 for 30%.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Rapid Rope After Shark Tank

Rapid Rope accepted an on-air Shark Tank deal for $200,000 for 30%, but follow-up reporting says the deal did not close after filming. (Rapid Rope Shark Tank Update

By August 2024, update sources put Rapid Rope annual revenue around $900,000. (Rapid Rope Shark Tank Update

Rohan did make good on his offer of $10,000 for the school. (Rapid Rope Shark Tank Update

By August 2024, the company has between $900,000 and $1 million in annual revenue. (Rapid Rope Shark Tank Update

The estimated net worth of Rapid Rope is between $1 million and $2 million. (Rapid Rope Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches