1/18/2024 0 Comments Rocketbook shark tank![]() If you are part of a group that is all saying no, it’s difficult to be the one person that says yes. Group think is terrible, and incredibly difficult to break free from. Those initial jokes seemed to encourage the other sharks to not take it as seriously (remember sales don’t lie!).īefore you knew it, the group started acting like a single being and none of them wanted to leave the group of “naysayers”. (It was indeed kinda odd to have to microwave a notebook). But then one of them made a joke or two about it. It helped reduce the environmental footprint (a huge reason customers bought it).Īt first, the Sharks seemed interested. I personally think it has to do with “group think”. Rocketbook already had retail distribution and almost $2 million in sales, yet all the Sharks laughed at it…why? (On the show you had to use a microwave to erase the book however, today you can just wipe them clean). However, what’s unique is that you can upload your notes written on those pages to the cloud and you can erase those pages. They continued selling their notebook that you can write on with a physical pen and paper. Post RejectionĪfter getting rejected on Shark Tank where they asked for $400k for 10% of the business, the founders Jake and Joe didn’t give up. I’m going to share the story of RocketBook, a revolutionary digital notebook and additional line of products with a huge online presence. How could these wealthy investors have missed such an obvious opportunity? And how well are Jake and Joe doing today (since 2017)? By 2017, they had sold $10 million worth of product and were a runaway success! Undeterred, they went out and grew their business without the investment. They were looking for a $400,000 investment in order to help grow their business. They had a revolutionary idea that would prevent customers from using millions of pages of paper and they had already sold over $1.8 million worth of their product! ![]() ![]() In 2015, Jake and Joe walked in front of 4 wealthy investors to pitch their innovative idea.
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