Rapid Rope
DealRapid Rope got its big break on Shark Tank in Season 11, and convinced Barbara Corcoran to invest.
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From the show
The Shark Tank pitch
- $200K
- Asked for
- 20%
- Offered equity
- $1M
- Sought valuation
- $200K
- Deal amount
- 30%
- Deal equity
- $667K
- Deal valuation
The team stepped onto the carpet in Season 11, Episode 12 in the episode that aired January 19, 2020. Rapid Rope pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
The ask was $200,000 for 20% of the company, an implied valuation of $1M.
Barbara Corcoran made the deal at $200,000 for 30% equity. That priced the company at $667K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 11 saw 96 pitches, and 63 of them closed a deal on air. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Rapid Rope?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Rapid Rope get a deal on Shark Tank?
Yes. Rapid Rope closed a deal for $200,000 in exchange for 30% equity, with Barbara Corcoran.
Which shark invested in Rapid Rope?
Barbara Corcoran invested in Rapid Rope ($200,000 total as aired).
What season of Shark Tank was Rapid Rope on?
Rapid Rope appeared in Season 11, Episode 12, which aired January 19, 2020.
How much was Rapid Rope asking for on Shark Tank?
The founders asked for $200,000 for 20% of the company, a $1M valuation.
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