RigStrips is a Denver-based startup that sells gear holsters intended to protect your vehicle from damage if your gear slips out of your car.
DENVER — A Denver-based company went on ABC’s “Shark Tank” last week with a $300,000 investment from the CEO of a popular fast food chain.
In 2020, Zach Pham and Steven Graf, founders of Rigstrips, a Denver-based startup that sells gear holsters intended to protect vehicles from damage if gear slips out of the car, After its launch, we witnessed the company grow rapidly. They were hired for pitching. They introduced their company to celebrity investors on “Shark Tank” for an episode of the show that aired last Friday.
The entrepreneurs struck a deal with venture capitalist Todd Graves, also known as Shark, who is the CEO and founder of the Raising Cane chicken finger restaurant chain.
RigStrips’ founders asked for a $300,000 investment for a 7.5% stake in the company. Ultimately, they struck a deal with Graves that gave him 15% of the company’s stock for $300,000.
“We thought through all the extra steps the show would take and we almost didn’t do it knowing it could all go to waste,” Pham said. “This was very much a full-circle moment for me, having been doing this for so long.”
> Read the full story in the Denver Business Journal.
