Outdoor gear lovers, you know the struggle—you’re done skiing or fishing, you lean your gear against your car for a second, and bam! Scratches. Dents. Chips in the paint.
That’s the exact frustration that inspired two passionate entrepreneurs, Zhach Pham and Steven Graf, to invent RigStrips.
But here’s the real kicker: they took their creation to Shark Tank Season 16, Episode 2, hoping to win over the Sharks with their clever solution.
So, what happened in the Tank? Did they score a deal? And where is the company now?
In this RigStrips Shark Tank Update, we’re diving into all of it—pitch drama, business growth, and what’s next for RigStrips.
So, let’s get started…
If you’re in a hurry, here’s a quick look at what happened to RigStrips after Shark Tank.
During Shark Tank Season 16, Zhach and Steven pitched RigStrips, asking for $300,000 in exchange for 7.5% equity. They ultimately secured a deal with Todd Graves, who offered $300,000 for 15% equity.
As for a RigStrips Shark Tank update, the business leveraged the Shark Tank exposure to boost its growth through strategic promotions and active customer outreach.
Table of Contents
RigStrips Shark Tank Deal
| Shark | Result |
| Todd Graves | Accepted offer of $300,000 for 15% equity |
| Mark Cuban | No Offer |
| Kevin O’Leary | No Offer |
| Daymond John | No Offer |
| Lori Greiner | No Offer |
What Is RigStrips and Why Does It Matter?
Let’s start with the basics—what is RigStrips, anyway?
If you’re someone who spends a lot of time outdoors, whether it’s hitting the slopes or casting a line into the water, RigStrips is about to be your new best friend.
RigStrips makes two main products: SnoStrip and SunStrip. They’re essentially protective strips that attach to your car’s exterior—magnetically or with adhesive—so when you lean your skis or rods on your car, you’re not scratching up the paint.
It’s one of those “why didn’t I think of that?” inventions. Simple, but insanely useful.
They even made two versions to fit all kinds of vehicles: magnetic strips for steel cars and adhesive ones for aluminum-bodied vehicles.
So yeah, whether you drive a rugged truck or a sleek SUV, RigStrips has you covered.
Meet the Founders: The Brains Behind RigStrips
Zhach Pham and Steven Graf are both outdoor guys. They weren’t just solving a random problem—they were fixing a pain point they’d experienced firsthand.
That’s what makes RigStrips feel so authentic. It wasn’t born in a boardroom; it was born on the back of a ski trip.
They started the company back in 2019, officially launching in 2020, and boy, have they come a long way since then.
What started as a single adhesive product quickly evolved based on customer feedback—smart move!
RigStrips On Shark Tank Season 16
| Entrepreneur | Zhach Pham and Steven Graf |
| Business Type | Outdoor gear and automotive accessories |
| Ask | $300,000 for 7.5% equity |
| Result | $300,000 for 15% equity |
| Shark | Todd Graves |
RigStrips Shark Tank Pitch
Zhach Pham and Steven Graf appeared on Shark Tank Season 16 Episode 2. They didn’t just bring a business idea—they brought a real solution: RigStrips.
Their product addresses a common problem outdoor enthusiasts face: scratched-up car paint. The damage often comes from leaning gear against the vehicle.
Their mission?…
Simple. Protect cars. Keep things clean. No more dings or dents from skis, rods, or snowboards.
Let’s break down RigStrips Shark Tank pitch and see how the numbers played out—and what the Sharks really thought…
The Ask: $300,000 For 7.5% Equity
Zhach and Steven kicked things off with confidence, asking for $300,000 in exchange for 7.5% equity, valuing RigStrips at a solid $4 million.
Why the investment? Two big goals:
- Ramp up inventory to meet growing customer demand.
- Test new online marketing strategies to scale sales even further.
And honestly? They had the data to back up their ask…
RigStrips Product Line: SnoStrip & SunStrip
The duo introduced the Sharks to their flagship products:
- SnoStrip – designed for winter gear like skis and snowboards.
- SunStrip – made specifically for fishing rods and summer use.
These strips attach to the exterior of vehicles, keeping equipment secure and paint damage-free. And to make them universal, they offer two versions:
- Magnetic strips for steel vehicles
- Adhesive strips for aluminum-bodied cars
It’s a clean, patented, and practical solution for anyone who’s ever leaned gear against their car and immediately regretted it.
RigStrips Financial Break Down
Now, let’s talk margins—because this part got the Sharks listening closely.
- Cost to make SnoStrip: $8.50
- Cost to make SunStrip: $7.00
- Shipping cost per unit: $8.50
- Selling price for both products: $50
That puts:
- Total cost for SnoStrip at $17 → $33 profit, or a 66% margin
- Total cost for SunStrip at $15.50 → $34.50 profit, or a 69% margin
Not bad at all…
But the real eye-opener? Since their 2020 launch, RigStrips has sold over 60,000 units and brought in $3 million in revenue—with more than half of that ($100,000+) coming in 2023 alone.
Their EBITDA in 2023? A healthy $450,000.
They’re running a direct-to-consumer model, selling exclusively on their website with shipping already built into the price. No retail hassles. No middlemen. Just clean, profitable sales.
And, in 2024, they’re aiming for $2.7 million in revenue.
Shark Tank RigStrips Marketing & Sales Details
Zhach and Steven revealed that their marketing strategy relies heavily on Facebook, where they’ve nailed down a Customer Acquisition Cost (CAC) of just $10. That’s crazy efficient in the world of eCommerce.
Even cooler? Their products are basically holiday season gold—62% of their annual sales happen in November and December. That makes RigStrips a go-to gift for skiers, snowboarders, and anglers during the shopping rush.
So, with all this momentum… how did the Sharks react?
Shark Reactions On RigStrips Shark Tank Pitch
Let’s just say—the room was split.
Mark Cuban: “More of a Product Than a Company”
Mark was the first to bow out. He acknowledged that the product was smart and useful, but in his words, “this is more of a product than a full-blown business.” Plus, he admitted he’s not much of an outdoorsman, so the market didn’t appeal to him. Fair enough—he was out.
Kevin O’Leary: Not Worth the Grind
Next up? Mr. Wonderful. Kevin appreciated the margins and the market focus, but he wasn’t thrilled about the level of effort it would take to get the kind of returns he wanted. “It’s a solid business,” he said, “but not for me.” And with that, he tapped out.
Lori Greiner: Lacked Excitement
Lori loved the idea but didn’t feel personally connected or excited enough to jump in. She didn’t see the sizzle, even if the steak was real. She passed without much back-and-forth.
Todd Graves Steps In: A Game-Changer Offer
Then came guest Shark Todd Graves, the founder of Raising Cane’s—and let’s just say, he saw the value.
Todd made a straight-shooting offer: $300,000 for 20% equity.
Now that was a big jump from the original 7.5% ask, and the founders knew it. But they also saw a potential strategic partner in Todd, especially given his retail and brand-building background.
Did RigStrips Get A Deal On Shark Tank?
Zhach and Steven weren’t about to give up that much equity without a counter.
They came back with a clean counteroffer: $300,000 for 10% equity. They explained that they believed the original valuation was fair based on existing revenue, profits, and market traction.
Todd wasn’t fazed. He quickly pushed back with a FINAL offer: $300,000 for 15% equity.
There was a short pause. Some thinking. You could see the gears turning.
And then… they accepted the deal!
After shaking hands with Todd, the RigStrips journey entered its next chapter. While we haven’t seen a ton of public chatter from the founders since then, it’s clear that the Shark Tank effect is in full swing.
Now that we’ve covered the RigStrips Shark Tank Pitch and the deal, let’s head over to the RigStrips update after Shark Tank and see how the company is doing post-episode.
Stay with us—this story’s just heating up…
RigStrips Shark Tank Update: What’s New?
So, what’s been going on since the cameras stopped rolling? That’s what we’re really here for—the RigStrips update after Shark Tank.
First things first: the founders have kept things pretty low-key on their personal social media. No splashy interviews or behind-the-scenes posts—at least not yet.
But if you dig a little deeper (which we did!), you’ll find signs that the business is definitely growing.
Thanks to the Shark Tank exposure, RigStrips has been pushing promotions and email marketing to stay connected with their audience. They’ve updated their website, run seasonal sales, and boosted engagement among their loyal base of outdoor gearheads.
And based on how fast their products move in the “Ski & Snowboard Car Racks” category, it looks like demand is going strong.
RigStrips Product Line Expansion and Performance
After launching with the adhesive SnoStrip, RigStrips quickly listened to their customers and dropped a magnetic version—genius!
That small tweak made the product way more universal and cut down on buyer hesitation.
Later, they launched the SunStrip, aimed at fishing and summertime outdoor use. That’s when things really started expanding. Instead of being a winter-only product, RigStrips became a year-round utility for outdoor lovers.
Their direct-to-consumer model keeps things lean. Everything is sold online, shipping included in the price, making it a smooth experience for buyers.
Plus, this gives RigStrips full control over the customer journey and keeps margins healthy.
And yes, sales still spike during November and December, when gift-giving is at an all-time high. That seasonal boost keeps the cash flowing and the brand top-of-mind during the holidays.
Where Is RigStrips Now: A Closer Look at Business Performance
So, where does that leave RigStrips in 2025?
With $3 million in revenue to date, a $450,000 profit in 2023, and a goal of hitting $2.7 million in revenue in 2024, things are looking promising.
They’ve stayed niche—focusing on people who ski, snowboard, or fish—but that’s not a bad thing. They’ve carved out a specific market and are dominating it. Sometimes, going wide can dilute your message. RigStrips is staying sharp, relevant, and connected.
They also benefit from being a seasonal must-have, which gives them yearly surges they can count on. The low CAC and strong word-of-mouth in outdoor communities help reduce marketing spend and keep profits high.
Will RigStrips Succeed Without a Shark’s Daily Involvement?
This one’s a fair question—even with a Shark on board, success isn’t guaranteed.
The good news? RigStrips already had strong fundamentals before their Shark Tank appearance. Their product-market fit, high profit margins, and low overhead make them extremely lean and scalable.
Even if Todd Graves isn’t actively involved in day-to-day operations, the visibility from the show and his backing alone gives the brand major credibility. That’s often enough to open retail doors, land bulk orders, or secure cross-promotions with outdoor brands.
And with more outdoor enthusiasts discovering them each year, RigStrips might just become a household name for every skier, snowboarder, or fisherman who loves their car too much to let gear ruin it.
Where To Buy RigStrips Today?
Want to grab a RigStrip for yourself or as a holiday gift? It’s super easy.
You can buy SnoStrips and SunStrips directly from their official website. Pricing hovers around $50 per unit, but that includes shipping. It’s a solid deal when you consider the cost of car paint repairs, right?
They also occasionally run email-exclusive promos, so signing up for their list is a smart move if you’re planning to purchase.
FAQs – RigStrips Update Shark Tank Season 16 Episode 2
Who Owns RigStrips?
RigStrips is owned and run by its founders, Zhach Pham and Steven Graf, who developed the product in 2019 and officially launched in 2020. They also teamed up with guest Shark Todd Graves after appearing on Shark Tank—accepting his investment deal in exchange for equity in the company.
What Happened To RigStrips After The Shark Tank Update?
After appearing on Shark Tank, RigStrips experienced a boost in visibility and continued to grow steadily. Although the founders haven’t shared many public updates, the company has leveraged the Shark Tank exposure with promotional efforts and continues to see strong demand, especially during the holiday season.
Did RigStrips Get A Deal On Shark Tank?
Yes, RigStrips did get a deal on Shark Tank. Guest Shark Todd Graves offered $300,000 for 15% equity, and after a brief negotiation, the founders accepted his offer.
Is RigStrips Still In Business After Shark Tank?
Yes, RigStrips is still in business after their Shark Tank appearance—they’re operating strong and even expanding their product offerings. With steady online sales, seasonal spikes during the holidays, and continued updates, the company remains active and growing.
Where Can I Buy RigStrips Products?
You can buy RigStrips products directly from their official website. They offer both the SnoStrip and SunStrip with shipping included in the price. Occasionally, they also run special promotions and email-exclusive discounts.
What Was The RigStrips Valuation On Shark Tank?
On Shark Tank, RigStrips was initially valued at $4 million, based on the founders’ ask of $300,000 for 7.5% equity. However, they ultimately accepted a deal from guest shark Todd Graves for $300,000 in exchange for 15% equity, which brought the final valuation down to $2 million.
What Products Are in Season 16 Episode 2 of Shark Tank?
In Season 16, Episode 2 of Shark Tank, viewers were introduced to four distinct products: Topsail Steamer, an at-home seafood steam-pot kit; Life Raft Treats, fried chicken‑shaped ice cream; RigStrips, a magnetic ski and snowboard securing system; and BucketGolf, a portable backyard golf game.
Final Thoughts On RigStrips Update After Shark Tank
Let’s be real—RigStrips is a classic example of a simple solution solving a real-world problem. It’s not a high-tech gadget or a flashy subscription box, but it fills a niche and does it well.
Their RigStrips Shark Tank update proves that you don’t need to reinvent the wheel. Sometimes, you just need to stop it from scratching your paint.
With a solid foundation, a growing fanbase, and now a Shark partner, the future looks bright for Zhach and Steven. And if they continue to listen to customers, innovate smartly, and stick to their brand values, there’s no reason RigStrips can’t become a lasting player in the outdoor gear world.
We’ll be keeping an eye out for the next RigStrips update—and you should too.
Check out the links below for more updates from Shark Tank Season 16 Episode 2:
- Topsail Steamer After Shark Tank Update
- Life Raft Treats After Shark Tank Update
- BucketGolf After Shark Tank Update
Before you leave, check out our comprehensive list covering all the business updates and products from Shark Tank Season 16.