180 Cup Shark Tank Update | What Happened to 180 Cup after Shark Tank?

What is 180 Cup? Who is the founder of 180 Cup?

180 Cup is a disposable party cup that is slightly larger than a standard cup, created by Solomon Fallas, which serves as both a beer cup and a glass for hard cocktails, known as the two-in-one cup.

The idea for the cup came from Fallas’ experiences at college keg parties where he noticed a lack of standard glasses. He aims for 180 Cup to replace the traditional red keg cup at parties across the country.

The cup features a built-in “shot glass” on the underside, allowing for both a shot and a beer to be consumed, but not at the same time. The design of the cup is also made to not interfere with popular party games such as beer pong and flip cup.

What Happened to 180 Cup at Shark Tank pitch?

In episode 7 of Season 5 of Shark Tank, Solomon Fallas, the creator of 180 Cup, pitches his product to the Sharks. He is seeking $300,000 for a 15% stake in his company, which he values at $2 million.

He explains that 180 Cup, a disposable party cup that serves as both a beer cup and a shot glass, has sold nearly 5 million units in the last six months, earning $385,000 in sales.

The cup is available at over 500 retailers and is distributed by college students recruited through Craigslist and social media.

Daymond John makes an initial offer of $300,000 for 20% equity shares, but Fallas pauses, causing Daymond to threaten to withdraw the offer.

The other Sharks express interest in the concept, but not the execution and eventually Mark Cuban and Kevin also went out.

Daymond and Fallas then negotiate and agree on 25% equity shares for $300,000, and Fallas exits the pitch with a deal.

What Happened to 180 Cup after Shark Tank?

After appearing on Shark Tank, Solomon Fallas made a deal with Daymond John for $300,000 for 25% equity shares in 180 Cup.

Sales for the product reportedly increased and it became available at major retailers such as Walmart.

However, the company closed down in December of 2016, and Fallas is now an account executive for Collective Soles, a sock and hosiery company.

More information on the company’s post-Shark Tank developments can be found on the Beyond the Tank episode 202 update page.

Net Worth of 180 Cup

The net worth of 180 Cup is not publicly available as the company went out of business in 2016. During its pitch on Shark Tank, the company was valued at $2 million, but after an investment by Daymond John, its value was reported to be $1.2 million.

180 Cup FAQs

What is 180 Cup?

180 Cup is a compatible disposable party cup that can be used as a shot glass and one-time use glass for beer, wine and champagne. 180 Cup is the new standard dispenser cups for every home party.

Who is the founder?

The founder of 180 Cup is entrepreneur Solomon Fallas. He invented the idea when he regularly went to a party. Since then he has developed the product and has made it a huge success in the market. He also introduced his new design for beer pong cup and flip cup.

How much was asking on Shark Tank?

Falls was asking for $300,000 for 15% stake of his company.

Did he have the deal?

Yes, he was able to get the deal from Daymond John.

How much was the deal?

Daymond John offered $300,000 for 25% equity shares of the company.

Is 180 Cup still in business?

180 Cup is not in business. The company went out of business in 2016 after the investment from Daymond John.

Who are the target markets of 180 Cup?

The target market of 180 Cup is college students and house parties.

Was 180 Cup shipping?

180 Cup was shipping its product.

What is the shipping cost of 180 Cup?

The shipping cost of 180 Cup was $5.

What was the return policy of 180 Cup?

The return policy of 180 Cup was exchanges only, no refund.

What is the payment type accepted by 180 Cup?

180 Cup accepts payments via credit cards and PayPal.

What is the website for 180 Cup?

The website for 180 Cup was not available as of now.

How much is a pack of 180 Cups?

A pack of 180 Cups costs $10.

How many colors of 180 Cup?

180 Cup is available in three different colors. The blue, green and orange cups look stylish among students and house parties.

What made the company’s products popular?

The company’s products are loved by college students and house parties due to its great alternative to the classic red cups that are used in every party. The availability of 180 Cup in multiple colors attracts the customers towards it.

How many cups are sold in 180 Cup?

180 Cups have been selling a huge number of cups due to its great alternative to the standard red shots glasses. The company has sold 5000 cups in less than six months so far.

Is 180 Cup patented?

180 Cup is not patented or trademarked by any other companies; it’s an alternative form of dispenser glass cups.

What is the net worth of Solomon Fallas?

The net worth of 180 Cup’s founder Solomon Fallas is unknown.