Summary:
RigStrips is a startup focused on gear holsters to protect vehicles from damage.
Secured a $300,000 investment from Todd Graves, CEO of Raising Cane’s, on Shark Tank.
Originally sought a 7.5% stake but agreed to give a 15% stake for the investment.
The founders were initially hesitant about participating in Shark Tank but found it to be a pivotal moment.
The investment positions RigStrips for rapid growth and expansion.
RigStrips: A Game-Changer for Gear Safety
RigStrips is a Denver-based startup founded by Zhach Pham and Steven Graf in 2020. The company specializes in gear holsters designed to prevent damage to vehicles caused by sliding gear. The idea was born out of a practical problem when Pham’s skis scratched his vehicle.
A Successful Pitch on Shark Tank
Recently, RigStrips made waves on ABC’s “Shark Tank”, securing a $300,000 investment from Todd Graves, the CEO and founder of Raising Cane’s, a popular chicken finger restaurant chain. The founders initially sought a 7.5% stake in exchange for their investment but ultimately agreed to give Graves a 15% stake.
“We almost didn’t do the show thinking through all the additional steps it would take, knowing it might all be for nothing,” said Pham. “This was a very full circle moment for me after doing this for so long.”
The Future of RigStrips
With this new partnership, RigStrips is poised for rapid growth and expansion in the market. The investment not only provides capital but also valuable mentorship from one of the industry's successful leaders.
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