Chris Johnson developed the Rapid Ramen Cooker and pitched his new product on "Shark Tank" in 2012. It all started with Johnson’s first invention the Rapid Ramen Cooker, microwave cooker for ramen noodles. That. The best thing about the business ultimately is the guy running it. 2:13 am. Chris Johnson was fortunate to get to pitch his product, Rapid Ramen Cooker on the show and struck a deal with Mark Cuban. Upon being paid off the pair would receive 25 cents per Rapid Ramen Cooker sold. Johnson said he intends to do demonstrations of the Rapid Ramen Cooker on college campuses. Rapid Ramen Cooker. Embarrassing. It was also so easy to use. We would go “out” just on the basis of that alone. What happens after a year? 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 It’s not a game changer, it’s a world changer for us [Rapid Brands] and we are ecstatic about it. NCIS season 18 ratings hit low point with episode 3; what’s going on? 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. 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. Your email address will not be published. Share Product. Mark Cuban offered $300,000 for 15 percent of the business and struck a deal. 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. 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. 12:31 am. 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. Kevin O’Leary was harsh, Daymond John was absent, and we at least had a few reasons to laugh in addition to talking business. October 6, 2013 @ Johnson pitched his idea on the TV show Shark Tank. I had just ordered the Ramen Cooker off Amazon, after seeing it on QVC a few months ago. 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. It’s the biggest thing I’m working on now. 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. Be sure to vote in our poll below! Customer reviews on Amazone are mostly 5 stars. Johnson shares how his faith impacts his daily life. 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. Rapid Ramen (now called Rapid Brands) has grown into a full line of microwave cookware with sales at estimated $100 M. This is the perfect business for Lori Grenier. For tonight’s “Shark Tank,” much of the show was actually kid-friendly … at least when it comes to some of the products. Mark Cuban: Despite withdrawing from proceedings early on in the process Mark decides to … 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. Unlike other products on the market, this unique cooker enables consumers to make ramen noodles in the microwave in a fraction of the time it takes to cook them on the stovetop. Rapid Ramen took the loan from Mark Cuban. Rapid Ramen Cooker Starts Off With a Bang. 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. All of the Rapid Ramen products – including Rapid Mac Cooker (mac and cheese), Rapid Rice Cooker, and Rapid Oatmeal Cooker – are available on Amazon. Each Top Ramen noodle package is going to promote the new Top Ramen cooker. During the show, Johnson was offered various business deals from the investors for Rapid Ramen Cooker. Just place the noodles in the rapid ramen cooker… The Freeloader – On an idea alone, this is really clever. Instead, he made a deal with Walmart to position the Ramen cooker on the retailer’s shelves. Rapid Ramen Cooker has extended its line — the patented technology works well for preparing more than just the old college student favorite Ramen noodles. There’s too much of a safety hazard with this right now, since kids could very well unbuckle themselves and fall to the ground. The Challenge: Double Agents premiere spoilers: Are winners in danger? by 2Paragraphs in Business Spotlight, Shark Tank | March 10, 2016, University of California–Davis student Chris Johnson is the inventor behind Rapid Ramen Cooker. The Blacklist interview: EPs tease big reveals, huge episodes, Glen tribute. It’s just not something that sells in stores, since it probably takes too much explanation as to what it is. Is Filthy Rich new tonight on Fox? We also had something food-related that we thought was quite frankly ridiculous. On the 3rd week of Shark Tank season 5 Chris Johnson stepped into the shark tank with his product Rapid Ramen Cooker. $150,000 for 15% of the company, but also an $150,000 loan. Posted on October 8, 2013 by New Product Consulting. I tested the cooker, and found it to be strong and durable, even in the dishwasher. 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. Are you new to our “Shark Tank” episode reviews? FairyTale Wishes – What Happened to Aromatherpay Sprays on Shark Tank? Rapid Ramen (now called Rapid Brands) has grown into a full line of microwave cookware with sales at estimated $100 M. But to … Industry: Food. Reviews (0) Reviews There are no reviews yet. She could get this on QVC, and we see thousands of moms picking it up. Even without Cuban, Chris took Rapid Ramen from nothing to international product in less than a year. 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