Cup Board Pro Shark Tank Update

Cup Board Pro Shark Tank Pitch

Christian Young, Kaley Young, and Kiera Young appeared on Shark Tank Season 10, Episode 3, which aired on October 21, 2018, with cutting board with attachment for collecting waste.

Cup Board Pro is listed in the Lifestyle Home category. In plain terms, the business is described as cutting board with attachment for collecting waste.

Cup Board Pro asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Cup Board Pro made a listed deal with Daymond John, Kevin O'Leary, Lori Greiner, and Mark Cuban for $100,000 for 20%.

If treated as straight equity, the listed deal works out to about $500,000 implied valuation, down from the original $1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Cup Board Pro After Shark Tank

Cup Board Pro accepted an on-air Shark Tank deal for $100,000 for 20%, then continued operating after the episode. (Cup Board Pro Shark Tank Update

Over $2 million in back orders were taken within days of airing. (Cup Board Pro Shark Tank Update

In addition to selling the cutting boards in its 600+ stores, Williams-Sonoma handles manufacturing and distribution. (Cup Board Pro Shark Tank Update

Part of their success is due to a licensing deal with Williams-Sonoma that Daymond brokered. (Cup Board Pro Shark Tank Update

In May 2019, the Youngs got an update segment in episode 1021. (Cup Board Pro Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches