Rocketbook Net Worth 2024 Shark Tank Update
As of the beginning of 2024, Rocketbook’s net worth is $ 44 million. Also, the company has approximately $ $32 million in annual revenue. On May 12, 2017, Rocketbook appeared on Shark Tank Season 08, episode 24 of Shark Tank USA. However, it left the show without a deal. But, the company will still be in business in January 2024. It then sells online and in selected stores in the USA. Let’s find out how it has reached this success over the years.
Rocketbook Net Worth 2024
| Net worth | $44 million |
| Annual Sales Revenue | $32 million |
| Profits | – |
| Lifetime sales | – |
| Investor | – |
| Founder | Jake Epstein and Joe LeMay |
| Employees | 11-50 |
The Rocketbook made around $2 million in the first year and $32 million by 2020. So, the company aimed to acquire over $45 million in the following years.
Also, it has a net worth of $44 million in 2024.
Rocketbook Net Worth And Revenue
When it appeared on the show, the Roketbook had already sold over $2 million worth of products. The company was valued at $4 million at the time. Followingly, it sold over $10 million in products in the next two years.
However, the company showed a $32 million net worth by 2020. Also it has a yearly revenue of around $5,825,000 in Amazon sales. Followingly it has $44 million net worth in 2024.
Net Worth Timeline
| Net Worth 2024 | $44 million |
| Net Worth 2023 | $44 million |
| Net Worth 2020 | $32 million |
| Net worth valuation in 2017 before appearing on Shark Tank | $4 million (Business Valuation) |
Competitors Of Rocketbook
There are few brands with products with similar features. Some include Rocketbook Fusion Smart Reusable Spiral Notebook, Kindle Scribe Essentials Bundle, and Moleskine Pen with Dotted Smart Notebook.
Don’t miss these products from Season 08
Rocketbook Shark Tank Update
| Company name | Rocketbook |
| Product | A reusable digital note-taking device |
| Episode | Season 08 Episode 24 |
| Founders | Jake Epstein and Joe LeMay |
| Asked For | $400,000 for 10% equity |
| Final Deal | No Deal |
| Shark | No Shark |
| Location | Boston, Massachusetts |
The Rocketbook caught many people’s attention after the Shark Tank Show. The company made around $10 million in the following two years. Also, it introduced a few updated versions of the product. With that, it reached $32 million in sales in 2020.
However, the founders sold the company for $40 million to the BIC pen company in 2020. The company is still in business in 2024 with a $44 million net worth.
What Is Rocketbook?
Rocketbook is a cloud-connected smart notebook, productivity, and app experience. It has so many benefits. First, It’s reusable; secondly, it helps connect your writings to many apps you want. It eventually saves planets, and it’s pretty cool to use.
To sum up, RocketBook has,
- It’s reusable and easy to write and erase.
- It helps connect your writings to the many apps you want.
- It eventually saves planets, and it’s pretty cool to use.
Rocketbook Founders
Joe LeMay and Jake Epstein are the founders of the Rocketbook. Joe is a computer science graduate with an MBA in business administration and management. Before starting the company, he worked in the accounting field. He is still the CEO of the Rocketbook company. Jake is an Engineer and join with Joe to develop the product.
FAQ
Yes Rocketbook still in business in January 2024.
The BIC pen company owns the Rocketbook now.
None of the sharks invested in Rocketbook.
Rocketbook 2024 net worth is $44 million.
Joe LeMay and Jake Epstein
Responses