180 Cup Shark Tank Update | What Happened to 180 Cup after Shark Tank?
What is 180 Cup?
180 Cup is a unique and intriguing disposable party cup that will make any house party or BBQ night a breeze.
180 Cup is a standard disposable cup that you may have encountered at many house and business events. However, 180 cup is just slightly larger than a standard party cup.
Solomon Fallas is the creator and creator of the well-known 180 Cup. When he had to wait for beverages for a longer period of time owing to a lack of standard glasses, he had the idea to make 180 Cup.
180 Cup may be used as a beer cup as well as a glass for hard cocktails. As a result, it is known as the two-in-one cup.
Solomon designed the ingenious 180 cup, popularly known as “The New Red Cup,” which has become the go-to product for every home party throughout the country.
Since the debut of 180 cups, classic glasses and beer mugs have given way to 180 cups at every party these days.
Who is the founder of 180 Cup?
Solomon Fallas is the founder and developer of the well-known 180 Cup. When he had to wait for beverages for a longer period of time owing to a lack of standard glasses, he had the idea to make 180 Cup.
180 Cup was inspired by entrepreneur Solomon Fallas repeated trips to college keg parties when more than a few shots were consumed.
180 Cup takes the classic red keg cup and practically flips it upside down. It seems to be a standard, red, disposable cup until you turn it upside down, revealing a “shot glass” built into the cup’s underside.
Presumably, the idea is that you can do a shot and drink a beer in the same cup, but not at the same time!
Falls wants 180 Cup to become “The New Red Cup,” the staple at frat parties and keg parties across the country. He took considerable care to design his invention so that it would not interfere with beer pong and flip cup.
What Happened to 180 Cup at Shark Tank pitch?
In episode 7 of Season 5, 180 Cup takes a little bit of the frat house into the Shark Tank. Falls is searching for a Shark to assist with distribution or a licensing deal.
Solomon enters the presentation asking for $300,000 for a 15% stake in his company with a $2 million valuation.
He shows the 180 Cup and explains the narrative before asking, “Who wants to take a shot with me?” In the last six months, he’s sold nearly 5 million units, earning $385,000 in sales.
The cup is available at over 500 retailers. Falls hires college students to sell to retailers in college towns. He recruits college students using Craigslist and social media and pays them on commission.
Solomon distributes the cups and informs that they are the same price as the ordinary red cup.
Daymond makes an instant offer of $300,000 for 20% equity shares and expects an immediate response. He envisions licensing to schools, breweries, and sports teams as a new revenue stream.
Falls pauses, and Daymond threatens to withdraw the offer. Mr. Wonderful is interested in learning more. Mark Cuban believes Solomon is insane because he waffles. Lori follows Daymond out.
Mark Cuban loves the concept of a collegiate network, yet Solomon only has a 1% share of that market. Lori doesn’t believe it’s for her, so she exits.
Mark enjoys his marketing, but the product is too specialized for him, so he’s out. JP DeJoria is out because he doesn’t feel the passion. Kevin also goes out.
Daymond chastises him for turning down his offer. Solomon tries to persuade Daymond to rethink, but Daymond wants him to respond.
Solomon counters with $300,000 for 23% equity shares, Daymond counters with 30% equity shares, and they agree on 25% equity shares, and Falls exits the pitch with a deal.
What Happened to 180 Cup after Shark Tank?
Daymond’s deal was finalized when Fallas fled the pitch with a deal, but that didn’t stop John from re-entering the arena and eventually taking a chunk out of the 180 Cup firm.
Sales have risen like the mystery stink in a frat house since then, and Solomon Falls is laughing all the way to the bank.
The 180 Cups are currently available at major retailers such as Walmart. 180 Cups may be found anywhere college students are ready to party.
No more dirty shot glasses for these sophisticated partygoers. They have their convenient two-in-one cups owing to a Shark Tank agreement.
Solomon extended his line a few years later, and he and Daymond split ways. The whole information are available on the Beyond the Tank episode 202 update page.
Fallas is now an account executive for Collective Soles, a sock and hosiery company, after the company closed down in December of 2016.
Net Worth of 180 Cup
The company was valued at $2 million during the pitch, after the investment done by Daymond the company valued at $1.2 million. Since then the company went out of the business in 2016 and hence the company net worth is unavailable.
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.