Rocketbook Net Worth 2023 Overview
Accordingly, this is an overview of Rocketbook net worth 2023.
|Net Worth||$40 Million|
|Founders||Jake Epstein and Joe Lemay|
|Source of Wealth||Technology|
Table of contents
Rocketbook Net Worth
In general, Rocketbook had $32 million in net sales by 2020. It is still a huge success today, with its products retailing for less than $40.00 on its website, Amazon, and other retailers.
What Is Rocketbook?
Basically, the Rocketbook is a notebook invention that combines the independence of a traditional pen and paper notebook with the convenience of being able to view your notes from anywhere.
The Rocketbook App, linked with Google Docs, Dropbox, Evernote, iCloud, Slack, Box, and email, connects the smart reusable notebook to the cloud.
Who Are The Rocketbook Founders?
Basically, the Rocketbook is ideal for taking notes, sketches, grocery lists, flow charts, and presentations, among other things.
In the fist place, Jake Epstein and Joe Lemay founded Rocketbook. Epstein earned a bachelor’s degree in electrical and computer engineering from Purdue University.
Lemay received his MBA from the Massachusetts Institute of Technology in 2006.
Epstein has co-founded many companies and worked as a Hardware Design Engineer before founding Rocketbook.
Lemay worked at salesforce.com as an Account Executive. Today, Epstein serves as the Chief Innovation Officer, and Lemay serves as the CEO of Rocketbook.
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Rocketbook Founder’s Story
When co-founder Joe LeMay failed to bring a crucial notebook to a sales meeting in 2013, the Rocketbook was born.
He spent the next year exploring solutions allowing him to retrieve his notes from wherever and never have to deal with such a humiliating situation again.
Jake was all in after introducing the idea for a “cloud-connected paper notepad” to co-founder Jake Epstein in late 2014.
The following day, the two will start working on the Rocketbook.
Jake and Joe launched their Kickstarter and Indiegogo crowdfunding campaigns for the Rocketbook Wave, the first edition of their microwavable notebook, in 2015.
Shortly, over $1.8 million was raised through crowdfunding campaigns, which were used to create the first wave of the futuristic notebook for its 28,000+ backers.
The Rocketbook Wave and its attachments were available on the company’s website and through Amazon by the summer of 2016.
Later, the Rocketbook Wave would become “Amazon.com’s #1 selling notebook” by 2016.
Rocketbook launched a crowdfunding effort for the Rocketbook Everlast in April 2017.
Consequently, with over 42,000 supporters, the campaign raised nearly $2.7 million. Next, it became the “#1 office/school product in crowdfunding history.”
Rocketbook Success Story
Rocketbook On Shark Tank
The Rocketbook tandem faced off against the Sharks in an episode on May 12th, 2017, and featured the Rocketbook Wave.
Despite their enormous success, the Sharks thought the concept was too far.
However, Kevin wonders why they wouldn’t want to sell multiple books to make more money.
The Rocketbook founders then announce that they’ve sold over 75,000 books, piques the sharks’ attention.
Kevin, though, points out that the same effect could be achieved with an iPad.
Meanwhile, Barbara thinks it’s the “funniest, wackiest, most absurd thing” she’s heard in a long time, and she’s worried it’ll be mistaken for a gimmick.
Meanwhile, O’Leary continues struggling with generating money from a reusable product and labels Robert’s lack of understanding “crazy.”
Lori appreciates how they reimagined the notebook but thinks there are too many processes.
Mark Cuban, who first praised it as “amazing,” sees little future for Rocketbook, and all the sharks eventually leave.
Rocketbook After Shark Tank Update
Subsequently, after Shark Tank, Rocketbook has had a pretty good run. Since then, the company has sold over 500,000 Rocket books globally through BestBuy, Office Depot, Staples, and Amazon.
Rocketbook had $32 million in net sales by 2020. Generally, it is still a huge success today, with its products retailing for less than $40.00 on its website, Amazon, and other retailers.
The Rocketbook Axis, a new and improved notebook with a complex composite cover, was just launched on Kickstarter for the eighth time.
The campaign has so far raised almost $500,000 from 4,648 backers.
In March of 2020, Epstein and Lemay decided to sell Rocketbook to Bic, a consumer goods business known for its lighters and ballpoint pens, for $40 million.
In the meantime, Bic has spun off Rocketbook as an independent entity.
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Although Rocketbook prides itself on being a green firm, they confess that this wasn’t the original intention.
Rocketbook quickly became connected with sustainability after the notebooks were released, owing to the amount of paper they saved.
As a result, they decided to make sustainability a top priority for the company, and they continue to strive for improvement wherever possible.
FAQs Rocketbook Net Worth 2023
BIC: Acquisition of Rocketbook, the leading smart reusable notebook brand in the U.S. Clichy, France – November 9, 2020 ‐ BIC announces today that it has signed an agreement to acquire 100% of Rocketbook, the leading smart and reusable notebook brand in the U.S., based in Boston, Massachusetts.
BIC picks up smart notebook maker Rocketbook for $40 million.
Rocket Innovations, Inc./Parent organizations
Rocketbook One and Rocketpad are intended for one-time use. They provide a tech-forward alternative to traditional notebooks and notepads by allowing you to blast your notes to the cloud using our seven symbol system. As a result, you can use them with any pen!
BIC, a world leader in stationery, lighters, and shavers, has acquired 100% of Rocketbook, maker of the leading cloud-connected, smart, and reusable notebooks and accessories, based in Boston, Mass. “We have admired Rocketbook’s path to success and watched as they have reimaged the everyday notebook.
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