rapid ramen cooker mark cuban

Although he negotiated with investor Mark Cuban for an ownership stake in the company, Johnson wound up not taking the deal. Mark Cuban offered $300,000 for 15 percent of the business and struck a deal. Impressed by Johnson’s pitch, billionaire Mark Cuban offered him a $300,000 package deal of a $150,000 loan and $150,000 purchase for 20 percent of the company. The Freeloader – On an idea alone, this is really clever. It is basically a new form of child carrier that has some great ideas to it: It is relatively lightweight, and can make life much more convenient for parents of young kinds who struggle to lug their kids around. On the 3rd week of Shark Tank season 5 Chris Johnson stepped into the shark tank with his product Rapid Ramen Cooker. Well, here’s what you need to know: Click on the name of any product below to be taken to their respective websites. Even without Cuban, Chris took Rapid Ramen from nothing to international product in less than a year. I tested the cooker, and found it to be strong and durable, even in the dishwasher. The company now boasts over 25 products and the company’s retail footprint has grown to over 50,000 doors nationwide in less than 3 years. It all started with Johnson’s first invention the Rapid Ramen Cooker, ... enough demand where he was able to successfully pitch it on Shark Tank where he successfully negotiated an offer from Mark Cuban. Fairytale Wishes, Inc. – The first thing that we will say is that the evaluation here is not as ridiculous as we’ve seen on the show: This mother from Illinois (who we previewed yesterday) is only valuing this at $100,000, and while we don’t quite know whether there is any real proof that aromatherapy like this works, this is at least an interesting idea. A real pack of ramen would be better, but the noodles never fit in my lunch box. [Left: Rapid Ramen Cooker is available on Amazon] With thousands of units selling in Sacramento Walmarts in 2013, Johnson pitched his business on Shark Tank , where he made a deal with Mark Cuban . (Rapid Ramen Cooker v2.0). Johnson shares how his faith impacts his daily life. $150,000 for 15% of the company, but also an $150,000 loan. He does the deal. I like the guy’s story and wish him luck. Rapid Ramen after Shark Tank. Last year we reported on local entrepreneurial star Chris Johnson (“Rapid Success,” January 2014, by Allison Joy), whose Rapid Ramen cooker had gone viral on AOL and eventually resulted in a business deal between Johnson and Dallas Mavericks owner Mark Cuban on the hit television series “Shark Tank.” Rapid Ramen Cooker Starts Off With a Bang. Commissions earned. Rapid Ramen Cooker Now in 2018 Despite getting a deal on Shark Tank with Mark, it appears the deal did not close after the show. (Being firemen probably helped them here.) Be the first to review “Rapid Ramen Cooker” Cancel reply. What the company does: A bowl designed to cook ramen … It’s just not something that sells in stores, since it probably takes too much explanation as to what it is. Kookn’ Kap – These two ladies felt more like “Saturday Night Live” characters than anything else, and this product was just hideous in our eyes. Visit our, ‘Shark Tank’ review: Rapid Ramen Cooker, The Freeloader, Fairytale Wishes, Kookn’ Kap, click here if you are curious about some other products showcased on the show this season. Is Filthy Rich new tonight on Fox? 27 Favorite ‘Shark Tank’ Products at Amazon — New List. Someone else can make this happen. Rapid Brands sold more than 4 million Rapid Ramen Cookers in its first two years at Walmart and other retailers. Share Product. The business owner had sights set on rapid growth and believed that a loan from Cuban would leave more available in the short term. We interviewed him in 2016 and talked about how his faith impacts running a business and his Shark Tank experience. Deal with Robert: 33% for $200,000. Upon being paid off the pair would receive 25 cents per Rapid Ramen Cooker sold. Chris has charisma that can go for days, and sales drive to go with it. The back of each package will show microwave instructions for cooking the noodles with the Top Ramen cooker. Season 5, Episode 3 Sharks: Mark Cuban Category: Home and Kitchen. Reviews (0) Reviews There are no reviews yet. All of the Rapid Ramen products – including Rapid Mac Cooker (mac and cheese), Rapid Rice Cooker, and Rapid Oatmeal Cooker – are available on Amazon. 2:13 am. On average a 2-pack of Rapid Ramen cooker goes for $10.99. NCIS season 18 ratings hit low point with episode 3; what’s going on? Pass … and no deal. ... Sacramento entrepreneur Christopher Johnson got panelist Mark Cuban to invest $300,000 in his Rapid Ramen Inc. Just place the noodles in the rapid ramen cooker… If ramen is your go-to comfort food, then you really need this Rapid Ramen Cooker. 12:31 am. It all started with Johnson’s first invention the Rapid Ramen Cooker, microwave cooker for ramen noodles. During the show, Johnson was offered various business deals from the investors for Rapid Ramen Cooker. The additional finances from Cuban will allow Johnson to expand his operations to other markets. Mark Cuban doesn’t seem convinced of the need for the product. There’s just no need for this, since it would only really apply to people with long hair who were concerned about the smell of food, and also did not have a time to take a shower afterwards. Rapid Ramen (now called Rapid Brands) has grown into a full line of microwave cookware with sales at estimated $100 M. It’s the biggest thing I’m working on now. This is how Mark Cuban spends his billions. Johnson pitched his idea on the TV show Shark Tank. Meanwhile, click here if you are curious about some other products showcased on the show this season. Also, there was a HUGE typo on the packaging. It was also so easy to use. newchef1 This is the perfect business for Lori Grenier. “We’re still finalizing the financing piece,” he said. Posted on October 8, 2013 by New Product Consulting. She didn’t bite, and we knew that nobody else would. The most likely reason for the lack of close is the loan agreement. Given that we know already that this business has had some press over the years, the lack of sales just shows that the experience just isn’t there. Instead, he made a deal with Walmart to position the Ramen cooker on the retailer’s shelves. For the price of the product, this is something that could take off in colleges all across the world, but the problem with it is that even with a patent, it is hardly proprietary. Eventually, this attracted enough demand where he was able to successfully pitch it on Shark Tank where he successfully negotiated an offer from Mark Cuban. There’s too much of a safety hazard with this right now, since kids could very well unbuckle themselves and fall to the ground. Chris comes back asking Mark to go to 15% equity instead of 20%. Instead, he made a deal with Walmart to position the Ramen cooker on the retailer’s shelves. Customer reviews on Amazone are mostly 5 stars. tnsmoke She could get this on QVC, and we see thousands of moms picking it up. Some noodles really need so steam for a minute or two to achieve the best texture. Rapid Ramen Cooker. Rapid Ramen Cooker is a square shaped bowl in the exact same size as a bag of ramen noodle. The Challenge: Double Agents premiere spoilers: Are winners in danger? Rapid Ramen Cooker – In turning to the final product of the evening, we have a man who we think has a pretty great product: It cooks ramen in a way that makes a decent amount of sense, and actually tastes good. We would go “out” just on the basis of that alone. The Rapid Ramen Cooker makes its debut soon in 400 Walmart stores. The Blacklist interview: EPs tease big reveals, huge episodes, Glen tribute. ... On Friday, Christopher Johnson walked into Shark Tank asking for $300,000 for 15% equity in his Rapid Ramen Inc. company. [Related: 27 Favorite ‘Shark Tank’ Products at Amazon — New List]. What was your favorite product on “Shark Tank” this week? He founded his company in 2013 with the Rapid Ramen Cooker. Chris Johnson took the deal for his Rapid Ramen product happily, who wouldn’t be happy having a sharp billionaire businessman as a partner? After watching this video below, I would have to say about 99% Christopher Johnson and the Rapid Ramen will complete a deal with the Sharks. My one recommendation would be for them to add a lid. By continuing to use this site you agree to the use of cookies. Chris Johnson developed the Rapid Ramen Cooker and pitched his new product on "Shark Tank" in 2012. © 2012-2020, 2paragraphs Productions, LLC. Each Top Ramen noodle package is going to promote the new Top Ramen cooker. We also had something food-related that we thought was quite frankly ridiculous. Another issue? This would involve a 75 cent royalty on all Rapid Ramen Cookers sold until the initial investment is paid off. Rapid Ramen Cooker promises to deliver ramen noodles within minutes for just half of the seasoning with a special reusable cooker. Many sites report the Chris Johnson never sealed the deal with Mark Cuban, however, sales of Rapid Ramen went crazy and he even licensed the product to the makers of several ramen noodle brands, placing the cooker in stores worldwide. Although he negotiated with investor Mark Cuban for an ownership stake in the company, Johnson wound up not taking the deal. October 6, 2013 @ Rapid Ramen Cooker has extended its line — the patented technology works well for preparing more than just the old college student favorite Ramen noodles. Are you new to our “Shark Tank” episode reviews? What happens after a year? Is there any future at all for this show? He ended up with a business partnership deal with investor Mark Cuban for a $150,000 loan and 15% stake in the company. Johnson said he intends to do demonstrations of the Rapid Ramen Cooker on college campuses. Embarrassing. It’s a tray that cooks Ramen noodles in the microwave in just four minutes. Rapid Ramen (now called Rapid Brands) has grown into a full line of microwave cookware with sales at estimated $100 M. FairyTale Wishes – What Happened to Aromatherpay Sprays on Shark Tank? Not only that, they could have the name of the company imprinted on each cap (and make the caps look more attractive for men and women, both. Unfortunately it didn’t work out closing the deal. Rapid Ramen took the loan from Mark Cuban. It’s still very soon after the air date and Chris hasn’t finalized his deal with Mark Cuban, though he did say they were “almost done,” so things are moving forward. The pan has a patent on it, it’s not just a pan anyone can throw together. All content copyright 2011-2020 CarterMatt.com, This site uses cookies to track and store data. Chris Johnson from Sacramento, CA doesn’t waste any time making an impression on the Sharks, pitching his ramen noodle cooker for $300K in exchange for 10% equity in the business. He founded his company in 2013 with the Rapid Ramen Cooker. The best thing about the business ultimately is the guy running it. Also, vote for your favorite product from the episode in the poll at the bottom of this article. I like that it uses less water and you don’t need to use half or even less of the flavor packets, which are loaded with sodium. Instead, he made a deal with Walmart to position the Ramen cooker on the retailer’s shelves. Chris Johnson was fortunate to get to pitch his product, Rapid Ramen Cooker on the show and struck a deal with Mark Cuban. From this season on, as well as retroactively, Mark Cuban insisted that the production company relinquish its equity clause ... (NO); "Rapid Ramen Cooker" a specially designed bowl for cooking ramen noodles (YES); Update on: Echo Valley Meats (Episode 421) 68: 4 I had just ordered the Ramen Cooker off Amazon, after seeing it on QVC a few months ago. No deal. Cuban offered a $150,000 investment and a $150,000 loan in exchange for 15-percent equity in Johnson’s company. With thousands of units selling in Sacramento Walmarts in 2013, Johnson pitched his business on Shark Tank, where he made a deal with Mark Cuban. But, the issues are such that we wouldn’t have thought a shark would bite. Is. For tonight’s “Shark Tank,” much of the show was actually kid-friendly … at least when it comes to some of the products. Our own personal preference aside, the issue that we see with the product is just that there is so much competition. It’s not a game changer, it’s a world changer for us [Rapid Brands] and we are ecstatic about it. By visiting this site, you consent to have cookie data stored. It’s great for rice, oatmeal, mac and cheese, and more. This would be an awesome standby so that I bring in any type of instant noodle for lunch. 1. Chris Johnson went through more than 200 packages of ramen during the initial testing phase for the Rapid Ramen Cooker. Eventually, this attracted enough demand where he was able to successfully pitch it on Shark Tank where he successfully negotiated an offer from Mark Cuban. $150,000 for 15% of the company, but also an $150,000 loan. Your email address will not be published. (The Rapid Ramen Cooker is dishwasher safe.) We’re basing our reviews on the pitches, and the evaluations that are brought to the table. It uses half the water and half the seasoning, and it’s reusable. Kevin O’Leary was harsh, Daymond John was absent, and we at least had a few reasons to laugh in addition to talking business. He has a lot going for him, and if Christopher shares his story how he got Rapid Ramen into Walmart, Mark Cuban and Daymond John will also be interested investing in this product. by 2Paragraphs in Business Spotlight, Shark Tank | March 10, 2016, University of California–Davis student Chris Johnson is the inventor behind Rapid Ramen Cooker. Required fields are marked * Be sure to vote in our poll below! It’s only $6.99 and worth every penny now that I don’t have to lug out a pot, boil water, cook noodles, wait for noodles to cool off, clean pot. Johnson pitched his idea on the TV show Shark Tank. Although he negotiated with investor Mark Cuban for an ownership stake in the company, Johnson wound up not taking the deal. This ultimately is what got Mark Cuban back in the deal after going out, and rather than accepting a long-term royalty from Kevin and Robert, he made a deal instead with Mark that goes as follows. It would need a ton of testing and work to ensure that it is perfect for sale, and they are very, very lucky to have gotten a deal from Robert Herjavec … especially for the amount of money that they did. Johnson said he would use the money to manufacture his cookers, which cost $0.75 each to make and sell for $5.99. The women with the Kook’n Kap had a great idea, but the caps should be promoted to bakers, chefs, deli personnel – all the people who have to wear a hair net for their job. October 5, 2013 @ What’s special about the product is its “patented reservoir design that circulates the water providing perfect heat distribution.”, [Left: Rapid Ramen Cooker is available on Amazon]. Kids have trouble sleeping, and maybe this can be helpful. Tag Archives: Mark Cuban ... A Shark takes a bite out of Ramen Rapid Cooker on Shark Tank. Industry: Food. Mark Cuban: Despite withdrawing from proceedings early on in the process Mark decides to … Rapid Ramen (now called Rapid Brands) has grown into a full line of microwave cookware with sales at estimated $100 M. This ultimately is what got Mark Cuban back in the deal after going out, and rather than accepting a long-term royalty from Kevin and Robert, he made a deal instead with Mark that goes as follows. But to … Ultimately Mark Cuban presented an offer to acquire a 15% equity in Chris Johnson’s company along with providing him $300,000, of that a $150,000 loan. That. 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