Cup Board Pro is The Most EMOTIONAL Pitches You Will Ever See In The Tank! | Shark Tank US
Summary
TLDRThe Young family, consisting of Kaye, Christian, and K Young, pitch their late father Keith Young's invention, the Cupboard Pro, on Shark Tank. Keith, a New York City firefighter and cookbook author, designed the Cupboard Pro to simplify kitchen tasks. The family seeks $100,000 for 10% equity to continue their father's legacy. After a heartfelt pitch, all five sharks offer a rare joint deal of $100,000 for 20% equity, with profits from their investment going to a charity supporting sick firefighters from 9/11.
Takeaways
- 👨👩👧👦 The Young family is seeking $100,000 for 10% equity in their business, Cupboard Pro, to continue their late father's legacy.
- 🔨 Cupboard Pro was invented by Keith Young, a New York City firefighter, and it was his dream to pitch the product on Shark Tank.
- 🏠 The invention was put on hold when their mother was diagnosed with breast cancer, and their father prioritized her care.
- 🕯️ Keith Young passed away before he could pitch on Shark Tank, and his children are now pursuing his dream.
- 🍽️ Cupboard Pro is a cutting board with a built-in cup and a tongue and groove system to collect food scraps and juices.
- 📈 The product has three patents, reflecting the quality and engineering that Keith Young emphasized.
- 🔗 The board features a firemen's logo and the number of firemen who died on 9/11, honoring the fire department and its sacrifices.
- 💼 The family has been selling the product for three weeks, having sold 300 units at $40 each through their online store and social media.
- 💼 The $100,000 investment is planned to be used for renewing tooling, marketing, advertising, and replenishing inventory.
- 🤝 All five Sharks decide to collaborate and offer $100,000 for 20% equity, committing to contribute their expertise and future profits to a charity supporting sick firemen from 9/11.
Q & A
Who are Kaye, Christian, and K young, and what is their connection to the Cupboard Pro?
-Kaye, Christian, and K young are the children of Keith Young, the inventor of the Cupboard Pro. They are continuing their father's legacy by pitching his invention on Shark Tank.
What was Keith Young's profession and how is it connected to the Cupboard Pro's design?
-Keith Young was a New York City firefighter. His profession influenced the design of the Cupboard Pro, as he was looking for a quick and efficient way to handle kitchen tasks as a single parent.
What is the main feature of the Cupboard Pro that sets it apart from other cutting boards?
-The Cupboard Pro features a unique design where a cup is attached to the board to collect food scraps and juices, eliminating the need for a separate bowl and making the process of cutting and cleaning easier.
Why did Keith Young put the development of the Cupboard Pro on hold?
-Keith Young put the development of the Cupboard Pro on hold when his wife was diagnosed with breast cancer, choosing to be by her side during her illness.
What happened to Keith Young after his wife's passing and how did it affect his work on the Cupboard Pro?
-After his wife's passing, Keith Young was inspired by her strength and continued to work on the Cupboard Pro. He later became a two-time Chopped Champion, which gave him the confidence to resume work on the product.
What health issues did Keith Young face, and how did they impact his involvement with the Cupboard Pro?
-Keith Young was diagnosed with a 9/11-related cancer due to his work as a firefighter during the World Trade Center cleanup. This health issue led to his passing, leaving his children to continue his work on the Cupboard Pro.
How much equity are Kaye, Christian, and K young offering in exchange for a $100,000 investment?
-They are offering 10% equity in their business for a $100,000 investment.
What is the current sales strategy for the Cupboard Pro?
-The sales strategy involves selling through their online store and leveraging social media. They also package the boards and write individual thank you notes in their living room.
How many Cupboard Pro cutting boards have been sold in the first three weeks of launching the online store?
-They have sold 300 Cupboard Pro cutting boards in the first three weeks.
What are the sharks' concerns regarding the Cupboard Pro's production and what is their proposed solution?
-The sharks are concerned about the cost of production and the need to renew the tooling. Their proposed solution is to invest $100,000 each, contributing their expertise to help with marketing and production improvements.
What is the final deal offered by the sharks to the young family?
-The sharks collectively offer $100,000 for 20% equity, with each shark contributing $20,000 and their expertise. They also agree to donate any profits from their 20% stake to a charity supporting sick firefighters from 9/11.
Outlines
🍽️ The Cupboard Pro Pitch
Kaye Young and siblings, representing the Young family, are seeking $100,000 for 10% equity in their business, the Cupboard Pro. The Cupboard Pro is a kitchen tool invented by their late father, Keith Young, a New York City firefighter and cookbook author. The invention was his dream to pitch on Shark Tank, which he couldn't fulfill due to his passing. The family aims to continue his legacy. The product is a cutting board with a built-in cup to collect food scraps and juice routings, making it convenient and efficient. The family shares a touching video made by their father demonstrating the product. They mention their father's strong connection to the fire department, with the board featuring a firemen logo and the number of 9/11 fallen firemen. The family is currently selling the product online and has sold 300 units in 3 weeks, with plans to use the investment for tooling renewal, marketing, and inventory.
💼 The Shark Tank Deal
The Young family's cost for the Cupboard Pro is $12.25, and they sell it for $40. They have managed to sell 300 units through social media and their online store, packaging each order with a personal thank you note. The family is running the business together, and the investment of $100,000 is planned for tooling renewal, marketing, and inventory. The sharks are moved by the family's story and their father's legacy. All five sharks decide to collaborate, offering $100,000 for 20% equity, with each contributing expertise and a commitment to donate future profits from their shares to a charity supporting sick firemen from 9/11. The Young family accepts the deal, eager to work hard and continue their father's dream of having the Cupboard Pro in every American kitchen.
Mindmap
Keywords
💡Cupboard Pro
💡Shark Tank
💡Equity
💡Invention
💡Legacy
💡Entrepreneurs
💡Investment
💡Prototype
💡Patent
💡Cancer
💡Charity
Highlights
The Young family seeks $100,000 for 10% equity in their business, Cupboard Pro.
Cupboard Pro was invented by their late father, Keith Young, a New York City firefighter and cookbook author.
The product is a cutting board with a built-in cup to collect food scraps and juices.
Keith Young passed away before he could pitch on Shark Tank, so his children continue his legacy.
The family shares a video of Keith Young demonstrating the Cupboard Pro.
The Cupboard Pro is made of bamboo and features a patented design with a tongue and groove system.
The board is heavy and well-crafted, reflecting the inventor's commitment to quality.
The family has sold 300 units in the first three weeks of launching their online store.
Sales have been driven primarily through social media and their online store.
The family is packaging the boards themselves and writing individual thank you notes to customers.
The $100,000 investment would be used for tooling renewal, marketing, and inventory.
The sharks are moved by the family's story and their father's legacy.
All five sharks decide to collaborate and offer a deal of $100,000 for 20% equity.
The sharks commit to contributing their expertise and any profits from their share to a charity supporting sick firemen from 9/11.
The Young family accepts the deal, excited to continue their father's dream.
The sharks acknowledge the hard work ahead but express confidence in the family's entrepreneurial spirit.
Transcripts
[Music]
[Music]
hi sharks my name is Kaye young I'm
Christian young I'm K young and we're
the young family we are here today
seeking $100,000 in exchange for 10%
equity in our business our business is
the cupb Pro
our dad invented the cupboard Pro and it
was his dream to pitch on Shark Tank
unfortunately he passed away before he
had that chance but we're here today to
continue his legacy and make that dream
a reality to tell you more about our
dad's invention here's a video our dad
made about demoing the cupboard
Pro my name is Keith young I'm the
inventor of the cupboard Pro cupboard
Pro is really really simple to use open
up your cup slide it in to the tongue
and proove in the board I'm going to cut
an onion going to core it I'm going to
take all these scraps they're going to
go right into the cup didn't have to put
a bowl under my board I didn't have to
stop really could it be any simpler it
is so easy so flip your board over I'm
going to use like a cup of red wine to
simulate meat juices the routings are
directing the juice to go right where
they need to be I'm not doing anything
I'm a New York City firefighter I'm a
father a widower cookbook author
cooking with the firehouse Chef when I'm
at home I have to get things done
rapidly because I have three children
I'm a single parent now I have to clean
and on top of that I have to cook I need
to kind of be on my game with my kids
everything revolves around my kitchen
really at home that's where the heart of
a regular family's house
is we feel honored to be here today and
to share a little bit of Keith Young and
the cupboard Pro with you all so who's
ready to make our dad's Dreamer reality
with
us that was very moving thank you thank
you your dad sounds like an amazing guy
can you tell us a little bit more about
when he invented it and give us a little
more of the story yes um my dad invented
this when I was in high school and then
as he was getting his first prototypes
our mom was diagnosed with breast
cancer and he put everything on hold to
be by her side I was 19 at the time my
brother was 15 and my sister was nine
um on August 22nd 2012 God called my mom
home and my dad just showed us what
strength was in every moment that he
continued to show up for us and just in
life in general he was a true
inspiration just like our mom and then
um my dad took a break with the cupboard
Pro he was asked to be on Chopped and he
did it and he was a two-time chop
Champion which then gave him the
confidence to start working on this
again in December um he got his delivery
of 2,000 boards and at that time he was
diagnosed with cancer which is a 911
related cancer from being a fireman
there
and um he was on hospice in the
beginning of the year and he just passed
away 3 months
ago so sorry thank you thank you thank
you wow so we have we have this amaz
amazing invention right here for you
guys we're going to pass you guys each
one great thank you
here you go thank you thank oh it's
heavy it's my dad was all about quality
so it's bamboo um we have three patents
on the board in the cup the tongue and
groove is really important my dad has
his firemen logo on the board and if you
see it has um the number of how many
firemen died on 911 so I noticed that
that's on back it's something that
really honors the fire department this
board is really heavy really great
quality engineered smart so this well no
matter where you put it it's going to
run the juices will run down because
it's pitched higher in the back I love
it cuz that's usually the problem when
you're cutting you have to push all the
stuff off to the side here and there
many of them have a well built into the
board but here you can take it off throw
in the dishw when you put the ones with
the well built in there it doesn't fit
straight in the in the dish exactly it
does that's an amazing product it's
incredible thank you so what are your
sales the three of us actually just
began 3 weeks ago selling the board did
you have 2,000 in inventory right yes
are you putting that online we just
launched our online store 3 weeks ago
how old are you I'm 24 you're 24 I'm 20
20 I'm 15 so your dad wanted to come on
Shark Tank before yes that was actually
his audition video and on 911 where was
he uh which part of he was part of the
cleanup so he was at he was there for
that and over 2,000 firemen are actually
currently sick from 911 just from all
the fumes that they were breathing in so
yeah I was um I was at Ground Zero 911
spent 2 years there during the cleanup
working with the city I met a lot of
brave people like your dad and a lot of
people who lost their lives so it's
great that you're doing this thank you
what are your what's your cost 12250
okay and you're selling M the site for
$40 how many have you sold so far 300 in
the last 3 weeks you wow thank how are
you selling them what are you doing to
how you getting that um just through
social media in our online store and
then in our living room we're all
packaging the board together writing
everyone individual thank you notes you
guys are real entrepreneurs now huh yeah
what's the money going to be used for
the $100,000 we have to renew our
tooling and then for marketing and
advertising which is like 20,000 and
then like all new cutting boards which
would be around you mean inventory yeah
so are you running the business
basically uh the three of you together
that's it you're running everything yes
so what so what over what overwhelms you
right now tell tell us why you're here
and what you're looking for on a shark
to help you with I think honestly it's
kind of hard to overwhelm the three of
us just because of like the amount of
stress that you go through just seeing
your loved one sick um and we only able
to be here because of how strong our
parents
were you know is it possible for you
just to step out in the hallway for a
second
they have inventory right I could I
could sell that off I feel heart run
right we'll get there we'll get there oh
jeez it's not that scary well I hope we
get a deal and then it'll be fun so once
this story is out obviously the units
they have will ship we just have to keep
in mind we need to take on the new part
of the business the new mold the new to
be made at a fraction of what they're
paying I would feel good with anyone
making an offer a dream right now I know
want to call back out come on
back you know the story is amazing right
obviously you have a million reasons to
be proud thank you and your father will
live on forever through each of you and
this product but rather than us fight it
all out we decided to work together
wow and so all five sharks are going to
come together which is a rarity now
we're sharks so we're going to negotiate
some pretty well never happens so we're
we're going to offer you a deal okay
$100,000 for
20% now and each one of us is going to
contribute
$220,000 and our expertise so that we
can help you and so any profits that we
earn from our 20% we going to contribute
to whatever charity your dad supported
for firemen that have been sick from
9/11 oh my God that's our
offer it's a deal
deal thank you so much thank you I know
you want to get one in every Kitchen in
America thank you Lori my God all right
thank you so much thank you now we're
still going to make you guys work yes
we're ready to work cuz I know you're
already a hard worker so it's not going
to be easy don't worry we're not here
for easy thank Cong
ex love
you awesome
تصفح المزيد من مقاطع الفيديو ذات الصلة
Is The Pizza Cupcake BETTER Than Pizza? | Shark Tank US | Shark Tank Global
Bear Minimum Are Holding SOMETHING Back From the Sharks | Shark Tank US | Shark Tank Global
Nui Is STUCK Between The Deals Offered By The Sharks | Shark Tank US | Shark Tank Global
Shark Tank US | Rebel Cheese's Cheesy Pitch Wins Two Sharks
Shark Tank US | Tenikle Entrepreneur Only Has $39 In The Bank!
Mark BULLIES Rolodoc Owners With Their Poor Presentation | Shark Tank US | Shark Tank Global
5.0 / 5 (0 votes)