Outdoor lovers often deal with the annoyance of scratching their cars when they lean things like skis, snowboards, or fishing rods against them. To tackle this problem, Zhach Pham and Steven Graf created RigStrips. A product designed to protect cars from such scratches. They made two specific products called SnoStrip and SunStrip, which are magnetic and adhesive holders that keep outdoor gear secure while preventing damage to vehicles.
During Season 16 of Shark Tank, they presented their idea and asked for $300,000 in exchange for a 7.5% stake in their company. Their intention was to increase their inventory and enhance their online marketing. After some negotiation, they reached an agreement with investor Todd Graves, who provided the $300,000 but for a larger share of the company at 15%.
The article goes on to detail the founders’ journey, how the Sharks reacted to their pitch, and what has happened to RigStrips since their appearance on the show.
RigStrips Net Worth Shark Tank Update 2025
Zhach and Steven were looking for an investment of $300k in exchange for 7.5% equity in the company. At the time of the episode, they valued their company at $4 million. Zhach and Steven successfully secured a deal with Todd Graves for an investment of $300k for 15% equity in the company. The investment adjusted the company’s net worth to around $2 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of RigStrips in 2025 is around $7.32 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Todd Graves
$300,000 for 20% equity $300,000 for 15% equity
$300,000 for 10% equity
Yes
Lori Greiner
Out
N/A
N/A
Kevin O’Leary
Out
N/A
N/A
Daymond John
Out
N/A
N/A
Mark Cuban
Out
N/A
N/A
Zhach Pham and Steven Graf Backstory + Their Initial Pitch
Zhach Pham and Steven Graf are outdoor lovers who enjoy activities like skiing, snowboarding, and fishing. They often had a problem with damaging their cars when they leaned their gear against them. To solve this issue, they created a product called RigStrips.
RigStrips has two main products: SnoStrip, which is meant for protecting skis and snowboards, and SunStrip, designed for fishing rods. Both of these products come in two types: one with a magnetic backing for steel cars and another with adhesive for aluminum cars. They are easy to apply and help keep the cars safe from scratches.
When Zhach and Steven pitched their idea on the TV show Shark Tank, they were enthusiastic and clear about how their products work. They expressed their ambition to grow the business and sought $300,000 in exchange for a 7.5% share of the company, which they valued at $4 million.
Queries + Shark’s Responses, and Final Deal
Kevin O’Leary: He first wanted to know how much money the product makes. Zhach revealed that the cost to produce one SnoStrip is $8.50, while they sell it for $50. This means they keep 66% of the sales as profit, which Kevin found impressive. However, he thought growing the business would be too difficult, so he decided not to invest.
2Mark Cuban: He was interested in how the business was growing. Steven mentioned they had sold over 60,000 SnoStrips and made $3 million in income since starting the company. Mark believed the product was not developed enough to be considered a full-fledged business and mentioned he wasn’t interested in outdoor activities, so he also declined to invest.
Lori Greiner: She focused on who buys the product. Zhach pointed out that most customers are skiers and snowboarders, with a significant portion of sales occurring during the holidays. Lori didn’t feel excited about the business and chose not to invest.
Daymond John: Daymond was curious about how they marketed the SnoStrips. Steven explained that they mainly use Facebook ads, with the cost of acquiring a customer being about $10. Daymond thought the product’s target audience was too small and decided against making an offer.
Todd Graves: Todd, on the other hand, was very enthusiastic about the product and saw its potential. He offered $300,000 in exchange for a 20% ownership stake in the company. Zhach and Steven felt this was too high, so they countered with an offer for 10% ownership. Todd then negotiated and brought his offer down to 15%, which Zhach and Steven accepted.
Product Availability
RigStrips has two key products: SnoStrip and SunStrip. SnoStrip is specifically made for skis and snowboards, while SunStrip is designed for fishing rods. Both types of products are available in two styles: one that sticks with a magnet and another that uses adhesive, which means they can be used with a variety of vehicles.
You can buy these products online directly from the RigStrips website. Each unit costs $50, and this price includes shipping fees. RigStrips follows a direct-to-consumer approach, which means they sell their products straight to customers rather than through stores. This helps them maintain a closer relationship with their customers.
What Happened To The RigStrips After Shark Tank?
RigStrips, a company that makes a product related to ski and snowboard car racks, has seen a lot of success since being featured on the TV show Shark Tank. After appearing on the show, they took advantage of the increased visibility by promoting their products specifically to interested customers and keeping their audience engaged with email updates.
Today, the demand for RigStrips’ products, particularly in the ski and snowboard category, remains high. They have sold over 60,000 units and generated $3 million in revenue since they started selling their products. With financial backing from Todd Graves, an investor who supported them after their Shark Tank appearance, RigStrips is in a strong position to continue growing in the future.
Zhach Pham and Steven Graf appeared on the TV show “Shark Tank,” where entrepreneurs pitch their business ideas to investors (called “Sharks”). They asked for $300,000 in exchange for a 7.5% ownership of their company, RigStrips. Instead, they ended up making a deal with investor Todd Graves, who offered them $300,000 but wanted a larger 15% ownership stake. The Sharks were impressed by RigStrips’ impressive sales and unique product.
Since their appearance on the show, RigStrips has continued to thrive, selling its innovative products to outdoor fans across the country. The company caters to people like skiers, snowboarders, and fishermen by focusing on making things easier and keeping high quality. As the business grows steadily and has a clear plan for the future, it looks like RigStrips is headed for continued success.
Zhach and Steven’s experience is a reminder that with hard work, passion, and a good idea, you can achieve your goals. RigStrips shows that even common problems like scratches on cars can be tackled with creativity and innovation.
Hey, I’m Amna Habib, an undergraduate student pursuing a Bachelor’s in Business Administration. Shark Tank has always been one of my favorite TV shows because it offers a unique glimpse into the world of entrepreneurship. The way entrepreneurs present innovative solutions to everyday problems aligns with my academic interests and fuels my curiosity about business strategies. Each pitch showcases creativity and strategic decision-making, which I find both insightful and inspiring. Watching the show has deepened my passion for business and motivated me to explore the world of entrepreneurship even further. Beyond business and writing, I love food, shopping, and spending time with my friends and family.
