Steven Graf and Zhach Pham’s main product is a magnetic car mount called the SnoStrip that protects skis, snowboards and car exteriors by giving gear a space to slot into.
The two best friends met in second grade in their hometown of Westport, Connecticut and ran a lemonade stand, built go-karts and dug for buried treasure — to their parents’ consternation — in the backyard.On an episode that aired Friday, the pair went into CNBC’s Shark Tank and left with a $300,000 investment in their company, Denver-based RigStrips.
With the newfound flexibility, RigStrips launched the SunStrip soon after to meet the demand of summer sports. They have design and trademark patents for both products.The friends are shooting for revenue of $2.7 million this year, and their newfound capital will ensure they’ll have the stock as RigStrips’ busy season begins. They do 62 percent of their sales during November and December, Graf said on the show.
One of the things that excites both him and Pham is Raising Cane’s Louisiana State University tailgating roots. RigStrips also sells other products, such as a mat for keeping feet off the ground when changing in and out of boots. The two hope to make their company an end-of-the-ski-day staple.
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