Cupboard pro is a cutting board with an attachment that collects waste. The cutting board is made of bamboo and it has a cup attached that collects the waste.
They asked For $100,000 for 10% at a $1million valuation on Shark Tank.
Cupboard pro at a glance:
| EPISODE NO | Season 10 Episode 3 |
| BUSINESS IDEA | Cupboard Pro is a cutting board with an attachment for collecting waste. |
| FOUNDER | Christian, Kiera And Kaley Young |
| ASKED FOR | $100,000 For 10% |
| ACCEPTED OFFER | $100,000 For 20% |
| SHARK | Matt Higgins, Daymond John, Kevin O’Leary, Lori Greiner, Mark Cuban |
| BUSINESS STATUS | In Business |
| WEBSITE | Cupboard Pro |
Index:
Who is the Founder of Cupboard Pro?
Keith Young invented Cupboard Pro. He was a two-time chopper champion, a firefighter, a chef, and a loving father and husband. He invented Cupboard pro and initially used plastic cutting boards. His family helped and supported him. His wife was later diagnosed with Breast Cancer.
Soon after her death, Keith too was diagnosed with 9/11 related cancer. After his demise, his children Christan, Kiara, and Kaley started working on Cupboard Pro.
How was their Shark Tank Pitch?
This sibling trio appeared on season 10 of Shark Tank, they were seeking $100,000 for 10% equity. Their shark tank pitch was emotional as they recalled their parents. Daymond John said that this was the most emotional pitch that he has been through. They received a group offer from all the five sharks.
Mark Cuban, Kevin O’Leary, Daymond John, Lori Greiner, and guest shark Matt Higgins. They offered $100,000 for 20% equity which the siblings accepted. So, each shark invested $20,000. The sharks also decided that 20% of the profits with contingency which all sharks make will be donated to charities helping firefighters who became sick after 11 September 2001.
Cupboard Pro revenue:
The Cupboard Pro chopping boards with attachment costs $65.95. It is available for sale on Amazon and other online websites as well. In 2019, after Shark Tank, the Cupboard Pro managed to sell products worth $1 million. The product and the company received a positive response from people. The product is currently out of stock.
What happened to Cupboard pro after Shark Tank?
After the Shark Tank episode was aired, the company received a lot of positive responses from people. There were 26,000 back-order placed within 18 hours of the show, which generated more than $1 million in sales.
In 2019, they managed to raise over $40,000 for the firefighters who were facing dangerous diseases after the 9/11 attack. All the investors from Shark Tank attended the ceremony and donated the money to the FDNY Foundation
Investors of Cupboard pro:
Cupboard Pro’s Shark tank pitch was very successful. All the sharks wanted to invest in the company. The founders were seeking $100,000 for 10% equity.
But all the judges- Mark Cunab, Kevin O’Leary, Daymond John, Lori Greiner, and guest shark Matt Higgins invested $100,000 for 20% equity. Each shark invested $20,000 and 20% equity was divided equally between them.
Net worth of Cupboard pro:
They asked For $100,000 for 10% at a $1million valuation on Shark Tank, but as per sharks’ offer, they are worth around $500,000.
Competitors of Cupboard pro:
Simpli Better Cutting boards:
These cutting boards are made with Bamboo and have many drawers and lids to store food and separate waste from food. These cutting boards are available on Amazon and their cost is around $49.
Is Cup Board Pro still in business?
In 2019, the company managed to sell 26,000 units and made sales worth $1 million. They donated $41,000 to FDNY Foundation. The product is available for sale on Amazon but it is currently out of stock. It is fair to say they are still in business and profitable.
Interesting facts:
- Keith Young wanted to launch the product in 2012. But, he could not do it because his wife was diagnosed with Breast Cancer.
- Keith Young wanted to appear on Shark Tank and pitch his product. It was his dream. But he too was diagnosed with cancer. After his demise, his children fulfilled his dream and introduced the product on Shark Tank.
- The Sharks loved the product and after a long time, all 5 sharks came together and invested in the company.
- The Young siblings held a ceremony where they donated $41,000 to FDNY Foundation. All 5 investors attended that ceremony.
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FAQs:
What is Cupboard Pro?
Cupboard pro is a cutting board with an attachment that collects waste. The cutting board is made of bamboo and it has a cup attached that collects the waste.
Who Founded Cupboard Pro?
Keith Young invented Cupboard Pro. He was a two-time chopper champion, a firefighter, a chef, and a loving father and husband. He invented Cupboard pro and initially used plastic cutting boards.
I was so moved by the Young Sibling Trio and the fact that the Sharks were ALL IN made this TV moment really very emotional & that much more Special for these orphaned children! The product is one I would purchase, in fact two; one board for veggies, another for carving meats!
I will make my purchase if William Sonoma has them, I’d be interested in supporting this family. Their strength and courage and ability to present their Father’s Product was incredibly touching. They’ve made their parents proud no doubt, and a beautiful impression on anyone watching!
God Bless