Copper Cow Coffee Shark Tank Net Worth 2023
Debbie, the founder of Copper Cow Coffee, appeared on Shark Tank with the goal of securing $600,000 in funding in exchange for a 4% ownership stake in her company. This would have valued the company at $12 million.
After hearing Debbie’s pitch, Robert made an offer of $600,000 in exchange for a 5.5% equity stake in the company. This revised offer would result in a new valuation of $10,909,090.90 for Copper Cow Coffee.
Debbie ultimately accepted Robert’s offer, which would provide her with the necessary funds to further grow her business. The additional investment would help her expand her product line and potentially reach new markets.
Overall, Debbie was pleased with the outcome of her appearance on Shark Tank and was excited to partner with Robert to take Copper Cow Coffee to the next level.
She saw this as a great opportunity to continue building her brand and making a name for herself in the highly competitive coffee industry.
What is Copper Cow Coffee? Who Founded Copper Cow Coffee?
Copper Cow Coffee is a startup that specializes in Vietnamese coffee and aims to make excellent coffee a part of your daily self-care routine and jogging experience.
The founder of Copper Cow Coffee is Debbie Wei Mullin, a Vietnamese-American with a background in sustainability work and experience working at the World Bank.
Debbie’s mother immigrated to the United States from Vietnam in 1975, and Debbie grew up on Vietnamese coffee, which she was a big fan of.
Over the years, Debbie noticed a problem with Vietnamese coffee – it can be harsh and its flavor can be ruined if not brewed properly. Not everyone knows how to prepare it correctly, so Debbie founded Copper Cow Coffee to offer her favorite Vietnamese coffee to people all over the world.
Unlike traditional coffee that is packaged, Copper Cow Coffee is “pour-over” and comes with a mini brewer and disposable filter.
To prepare the coffee, simply pour hot water through the filter that contains the coffee, and then add sugar or condensed milk according to your preference.
Copper Cow Coffee Shark Tank Pitch
A five-pack of coffee costs $15, which includes 5 filter packs and 5 creamers. You can also opt for a monthly membership that may save you up to 30% off the regular price.
Debbie made all the right choices in 2020.
Debbie is appearing on Shark Tank seeking a $600,000 investment for a 4% stake in her company, valuing it at $12 million.
During her pitch, she shares her passion for Vietnamese coffee and explains that she left her job at an international bank four years ago to establish her business.
It costs $3.10 to produce each package, which sells for $15.
In 2017, her products were available in 1000 stores, and her total sales for the year were $4 million. She made $170,000 in 2017, $500,000 in 2018, $1.6 million in 2019, and $2 million in 2020. Online sales account for 80% of her total sales, while retail sales account for the remaining 20%.
In 2018, she raised $2 million, which increased her bank balance to $1.5 million. She later raised another $1.5 million in venture capital, valuing her company at $15 million, which Mr. Wonderful criticized as being excessive.
Lori likes Debbie’s idea but decides not to invest, while Kevin believes it’s too risky and also opts out. Daymond is not interested in the company’s financials and declines to invest. Mark highlights the positive impact of the Covid pandemic on sales but ultimately chooses not to invest.
Robert is impressed with Debbie’s work and offers her $600,000 for an 8% stake in the company. Debbie initially offers a counterproposal of 5.5% plus a 1.5% advisory share, but Robert declines. She accepts Robert’s offer.
As of July 20, 2021, the deal with Robert has not yet been finalized, but Copper Cow Coffee’s annual income has risen to $1 million.
You can find Copper Cow Coffee products in Nordstrom, Bloomingdale’s, Walmart, Whole Foods, and Sprouts Farmers Market.
Copper Cow Coffee Net worth
Debbie is on Shark Tank in search of $600,000 in exchange for a 4% stake in her company.
This equates to a $12 million value. She accepted an offer from Robert of $600,000 for 5.5 equity, which brings the valuation of the Company to be $ 10,909,090.90.
Copper Cow Coffee Competitors
Copper Cow Coffee’s top competitors include Spudsy, Do Good Foods, Plantible Foods and Gathered Foods.
Copper Cow Coffee FAQS
Did Copper Cow Coffee Get a Deal on Shark Tank?
The deal with Robert did not close.
Where is copper cow coffee based?
Copper Cow Coffee is a premium specialty Vietnamese Coffee Company based in Los Angeles.
Is it necessary to keep copper cow creamer refrigerated?
Both have a one-year shelf life, however we recommend storing the creamer in a cooler (40-60 degrees – a tad bit below room temperature).
Is Copper Cow Coffee brewed in a pour-over?
Vietnamese coffee is often prepared using a phin, which is an aluminum filter that fits on top of a cup and drips the coffee straight into that cup.
What is the best way to use a copper cow?
a) Suspend their filter. Take the pre-filled coffee filter out of the packet. Tear the bag apart along the perforated line, then arrange the wings on either side of their cup.
b) Make a cup of coffee. Soak their coffee grinds with water.
c) Squeeze and combine. Stir in as much creamer as they like to their coffee.
Are Copper Cows biodegradable?
Copper Cow Coffee’s single-use filter is designed to look like a traditional Vietnamese phin, but it arrives pre-filled with coffee grounds and is totally biodegradable, making it simpler to carry and use on the go.
How Copper Cow Coffee does makes money?
Copper Cow Coffee charges a monthly fee to use their coffee filter, which is approximately one-third of the cost of a traditional phin.
Who are the people behind Copper Cow?
Debbie Wei Mullin, the founder of Copper Cow Coffee, is Vietnamese.
Debbie had expertise in sustainability work and even worked at the World Bank before starting her coffee firm. Debbie’s mother immigrated to the United States from Vietnam in 1975.
What makes Copper Cow Coffee stand out from other coffee?
Copper Cow Coffee promises to offer a Vietnamese coffee-brewing experience that is convenient and affordable.
What is a phin?
A phin is a traditional Vietnamese device that looks like a cone. It’s used to brew the perfect cup of Vietnamese coffee.
Where is Copper Cow Coffee headquartered?
Copper Cow Coffee is headquartered in Los Angeles, California.
Where is Copper Cow coffee sold?
Copper Cow Coffee are sold online, through retailers like Nordstrom and Bloomingdale’s.
Is it okay to drink Vietnamese coffee if they are pregnant?
Yes, it is okay to drink Vietnamese coffee when pregnant provided that there are no complications arising from the pregnancy.
To avoid any issues, do not consume too much added sugar or condensed milk when drinking Vietnamese coffee.
Are there any caffeine headaches associated with drinking Copper Cow Coffee?
Caffeine headaches are caused by the consumption of too much caffeine.
If they experience caffeine headaches after consuming Vietnamese coffee, therefore, then it would be advisable to reduce the amount of coffee that they consumed.
Do exercise regularly so as to maintain their alertness.
What is the net worth of Debbie Wei Mullin?
Currently there is no update about her net worth.
Where does Copper Cow Coffee come from?
Every cup of Copper Cow Coffee contributes to Debbie’s objective of making traditional Vietnamese coffee accessible and sustainable.
They maintain an active engagement with their farmers in Vietnam, as well as across their supply chain.
How much does Copper Cow Coffee cost?
The price of a five-pack of coffee is $15. It includes 5 filter packs and 5 creamers.