Truck owners frequently struggle to find a balance between the functionality of their vehicles for work and play. Although trucks are frequently used for professional labor, their bulky equipment can make them seem less desirable for personal or family use.
There isn’t always a practical answer for truck owners who require a vehicle that can be used for both business and play. Invis-a-Rack fills that need. Donny McCall created the foldable rack system known as Invis-a-Rack, which was designed for pickup trucks. With the rack, customers may quickly change their truck from a work vehicle to a recreational use.
Donny entered the Shark Tank and demanded $100,000 in return for 10% of his company. Did the entrepreneur get a deal on Shark Tank? Check out our Crooked Jaw update to find out!
invis-a-rack net worth 2024
Donny McCall asked for a $100k investment in exchange for 10% equity in his company, Invis-a-Rack. This meant he valued his company at $1 million. Since he did not secure a deal on Shark Tank, his valuation remained unchanged. After the show aired, Invis-a-Rack saw a big increase in website traffic, sales, and social media exposure. With an estimated 20% yearly growth rate (typical business growth), the current net worth of Invis-a-Rack in 2024 is about $1.2 million.
Invis-a-Rack Shark Tank Update
Even though Donny McCall didn’t get a deal on Shark Tank, his participation in the show brought a lot of publicity to Invis-a-Rack. As for Invis a Crack update, Donny’s committed to maintaining the product’s American manufacturing. He continued generating employment in his neighborhood, which contributed significantly to Invis-a-Rack’s increased popularity.
Eventually, Invis-a-Rack formed a partnership with Dee Zed Inc., a manufacturer of truck accessories. The product’s exclusive license rights were acquired by Dee Zed Inc., which significantly boosted the company’s revenue. Invis-a-Rack is still in operation as of today, and you can buy the product on Amazon and the Dee Zed Inc. website. The price range is from $800 to $1,200.
No, Donny McCall was unable to secure a deal with the sharks. The sharks were impressed by his patriotic principles and his compelling pitch, but none of them felt comfortable investing in Invis-a-Rack.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Barbara Corcoran | 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 |
Invis-a-Rack Shark Tank Pitch
The founder of Invis-a-Rack, Donny McCall, is a proud American living in rural North Carolina. He experienced personally the annoyance of owning a truck that constantly appeared like a work vehicle. His wife wouldn’t go out with him in his vehicle as it always had a rack showing, giving the impression that it was meant for commercial use rather than for pleasure.
This gave Donny the idea to develop a solution that would make it simple for truck owners to transition between work and play. Early on, Donny had to overcome several obstacles, such as the high cost of making the rack in the United States and the difficulties of growing his company. In spite of these challenges, he stayed dedicated to his goal.
In his Shark Tank pitch, Donny showed how the Invis-a-Rack could be assembled in under a minute, converting a truck from a workhorse to a family vehicle. He gave an example of how simple it was to use, taking less than 30 seconds to put up and fold away.
Approximately 150 units had been sold by Donny at the time of the pitch, earning about $50,000. His intention was to attract retailers by using the investment in point-of-purchase displays. He clarified that the rack would fit practically any regular pickup vehicle and could support up to 1,500 pounds.
Donny requested $100,000 in exchange for a 10% stake in his company, which had a $1 million valuation. The Sharks, however, were worried about the high cost of manufacturing, particularly since Donny would not entertain the idea of producing in another country. Keep reading our Invis-a-Rack update to see what happens next!
Every shark has its own worries and inquiries.
Kevin O’Leary enquired about the rack’s weight capability and adaptability. Donny clarified they tested it with up to 1,500 pounds.
Barbara Corcoran enquired as to whether Donny planned to bring on more staff members. In response, he said that a major component of his goal was to create jobs in his neighborhood.
Robert asked about the sales. Donny responded that he got $50,000 in sales last year, selling 150 units.
Mark asked about the cost to make, to which Donny replied $250.
Mark Cuban and Robert Herjavec asked why Donny wasn’t using distributors. Donny responded that he didn’t think his product needed one.
Every shark had a different explanation for walking out of the deal:
Kevin O’Leary was worried that Donny wouldn’t be open to making the adjustments required to grow the company. He refused to offer.
Barbara Corcoran said Donny’s business strategy was very inflexible and that he wasn’t willing to scale it appropriately.
Although Daymond John thought Donny was not managing the company well, he liked him personally.
Robert Herjavec and Mark Cuban agreed that it was too soon to make investments in the business. As Donny refused to manufacture overseas, the sharks refused to offer.
Donny left the show without securing any deal.
What Went Wrong With Invis-a-Rack On Shark Tank?
Donny’s determination to maintain production in the United States boosted expenses and made it difficult for Invis-a-Rack to turn a profit, which was the main reason the company failed to get a deal.
The sharks thought Donny might not reduce expenses and boost profits dramatically by outsourcing production abroad. But Donny refused to break from his ethical principles, which finally put the sharks against making an investment.
The sharks were also concerned about the company’s financial future because sales for the business had barely reached $50,000, and there had been no profit.
Product Availability
From our Invis-a-Rack update research, it is still offered today, and truck owners who desire a high-quality, adaptable rack system still mostly choose it. The Invis-a-Rack doesn’t have a website but is available for purchase on the Dee Zed Inc. website and Amazon for a price between $800 and $1,200. The product has a 500-pound weight capability and takes less than a minute to install on the majority of pickup truck beds.
Conclusion
Even though Donny McCall’s experience on Shark Tank did not lead to a deal, his business, Invis-a-Rack, is still doing well. Many viewers could relate to how he resolved to provide a product that respects his moral principles and benefits his neighborhood. Invis-a-Rack has expanded because of the collaboration with Dee Zed Inc. The Invis-a-Rack may be the ideal option for truck owners seeking a practical approach to managing work and play.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
