Cup board Pro is a cutting board consisting of a waste collector that is attached to it. Bamboo is used for the construction of the board, which is equipped with a cup that can be used for leftovers.
The brainchild of late firefighter Keith Young, the Cup Board Pro is a superb innovation. In addition, Keith won two times on Chopped, a cooking competition show.
|Company name||Cup Board Pro|
|Product||Cutting Board With Waste Collector|
|Founder||Late fire-fighter Keith Young|
|Shark Tank Deal||$20,000 from all five Sharks|
|Cup Board Pro Net Worth||$15 million (Last Updated 2022)|
Cup Board Pro Net Worth
According to estimates, Cup Board Pro will be worth an estimated $15 million by the year 2022.
Who are the Founders of Cup Board Pro?
In spite of the fact that Kaley, Christian, and Keira were the ones who pitched Cup Board Pro on Shark Tank, it was actually created by Keith Young, their late father. A New York City firefighter, he always wished of appearing on Shark Tank.
The tool was developed by Keith in 2010 to reduce the time spent cleaning up cooking messes. After a year, he canceled production due to the health of his wife, Beth, who suffered from breast cancer.
Beth passed away in 2012. Keith joined the Chopped cooking competition on Food Network later on. On the show, he became a champion twice.
Cup Board Pro Shark Tank Pitch
Young family children’s pitch was one of the most moving pitches that has ever been presented on this show.
After describing their father’s invention, they described how their parents had died from cancer. Taking their father’s product to market, the Young children requested $100 000 to make it available to food lovers worldwide.
A lot more was given to them than they expected. Rather than a single Shark investment, they received offers from all five of them, each offering $20,000 to invest. There was, however, something even more unusual about the investment.
Suddenly, the Sharks announced they would donate 100% of their profits to a charity that helps sick firefighters.
The deal was sealed when the three Young kids agreed to the deal.
What Happened to Cup Board Pro After Shark Tank Deal?
Within minutes of their Shark Tank episode airing, all of their stock had sold out. Approximately 100,000 emails were received from customers interested in buying their cutting boards.
In 2019, the company had 20,000 units sold and made over $1 million in sales. Afterwards, the Sharks partnered with Williams-Sonoma, Inc., to continue production and advertising.
Williams-Sonoma manufactures high-quality kitchenware, with Cup Board Pro becoming their top-selling product. The company reported $3 million in revenue for its most recent annual report. This puts the company’s value at $15 million.