From Shark Tank’s success to a net worth of $2 million, Rapid Rope has proven to be a game-changer in the market. Learn more about this innovative product and its incredible journey.

Shark Tank is full of success stories and today’s story is about a couple who invented a one-fits-all roping solution. The couple used a real Zombie (actor) to illustrate its use in a fun way, but the product can be used almost anywhere.

In this article, we will take a look at Rapid Rope’s Shark Tank pitch, valuation, and how the business is doing now in 2023. At the end of the article, we will break down Rapid Rope’s net worth, and see how much the entrepreneurs and Barbara Corcoran made in the Shark Tank deal.

The Rise of Rapid Rope: From Shark Tank to Success

Founded in 2017 and Pitched on Shark Tank in 2020, Geanie and Chris Rodgers appeared on the show with their unique product called Rapid Rope.

Rapid Rope is a product that contains “rope in a can,” so that you can carry it in your pocket or in a bag, without having to worry about the rope being tangled. In the can, there are 120 feet of strong rope, and when it is all used, you can replace it again, adding new rope.

How Strong is Rapid Rope?

The Rapid Rope is so strong that it has 1100 points of tensile strength, meaning it can securely anchor a 25-foot boat weighing up to 5000 pounds in calm waters.

Geanie and Chris used another example to illustrate Rapid Rope’s strength. They showed a video of Rapid Rope easily lifting a 2000-pound shed as they doubled the rope.

Image Source: Shark Tank (Sony Pictures Television)

Rapid Rope’s Shark Tank Pitch

In Season 11 Episode 12 of Shark Tank aired in 2020, Geanie and Chris Rodgers pitched the product in front of the sharks, and the sharks were impressed not only by the uniqueness of the product but also by their passion for what they do.

Since its launch in 2017, Rapid Rope had made over $172,000 in sales. “That’s not bad,” said Mark Cuban on Rapid Rope’s lifetime revenue. Here’s the full breakdown of Rapid Rope’s Shark Tank pitch when it comes to numbers.

After the couple presented Rapid Rope with the illustration of the use, and the sales numbers, all of the sharks were unimpressed except Barbara. 

Barbara Corcoran on Why She Invested in Rapid Rope

Barbara wasn’t impressed by the product or even the sales, she made it clear that it was Geanie Rodgers and Chris Rodgers’ passion for the American dream. Also, she was flattered by how they dedicated a portion of their lives to take care of their sick Eithopean child, who was adopted despite them having four children already.

“What do I know about rope? Not a damn thing, but I’ve fallen in love with you, which is not a good reason to make a business decision at all. Except, ironically, my best decisions on this show have been from my heart…and those are the ones I’ve made the most money from,” said Barbara.

She then told them the story of Grace and Lace, and how the company went from $86,000 to $46 million in sales. “You remind me of Grace and Lace…You’re the walking talking example of the American dream. Period. And I have no doubt in my mind that you’re gonna make it, so I’m gonna make you an offer” added Barbara.

Barbara’s Offer – $200,000 for 30% – ACCEPTED

The Impact of Barbara’s Investment on Rapid Rope’s Growth

Barbara always brings a positive and friendly vibe whenever she goes, and whatever business she invests in. As she made it clear many times, it was the passion of the entrepreneurs for the American dream that made her invest her money in Rapid Rope.

As she has excellent persuasion and marketing skills, she went on board with Rapid Rope and started making business decisions along with the founders. Those business decisions have been lucky and profitable for Rapid Rope, the entrepreneurs, and Barbara herself.

Rapid Rope’s Net Worth in 2023

In 2023, Rapid Rope has a net worth of over $2 million as the company has expanded its business and is now pushing towards online marketing in order to generate more sales.

Chris Rodgers had successfully filed the patent, and the company is now making good money both in retail (Amazon and Cabela’s) and their online store.

Final Words

To sum up, Rapid Rope’s story from appearing on Shark Tank to being worth $2 million in 2023 shows how passion, hard work, and smart investments can lead to success. The company’s special product, along with the founders’ commitment and the advice of Barbara Corcoran, has resulted in a thriving business that’s still expanding. 

Rapid Rope is a great example of how new ideas can become prosperous enterprises with the right assistance and plan, and how Barbara’s expertise and influence were just what they needed.

Frequently Asked Questions – FAQs

What Happened to Rapid Rope on Shark Tank?

Most of the sharks were uninterested in Rapid Rope, but Barbara Corcoran was impressed by the founder’s passion for the American dream. Rapid Rope got a deal from Barbara – $200,000 for a 30% stake.

Who owns Rapid Rope?

After the Shark Tank deal in 2020, 70% of Rapid Rope is owned by the founders Geanie Rodgers & Chris Rodgers, and the remaining 30% of the business is owned by Barbara Corcoran, which she bought for $200,000.

What is Rapid Rope Used For?

Rapid Rope is a tool that can be used for many different jobs and can be used by anyone. It is strong and can be used to hold things down on a trailer or tie anything onto your car. You can keep it in your cup holder, backpack, or RV because it’s small and easy to store.

Where is Rapid Rope made?

Rapid Rope is an all-American-made product to meet the tying needs of Americans. Specifically, all the Molds, assembly, and labeling is done in Idaho, where the entrepreneurs and their business is located.

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