Cup Board Pro is The Most EMOTIONAL Pitches You Will Ever See In The Tank! | Shark Tank US

Summary

The 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.