Are you tired of messy kitchen counters and struggling to find a solution for collecting food scraps and juices while cooking? Look no further, because Cup Board Pro has got you covered. This innovative cutting board with a built-in tray was featured on ABC’s hit show Shark Tank and captured the attention of all five investors. Let’s dive into the story of Cup Board Pro and how it went from a brilliant idea to a kitchen essential worth millions.
Key Takeaways:
- Cup Board Pro is a cutting board with a tray for collecting food scraps and juices.
- The product appeared on Shark Tank and secured a deal with all five investors on the show.
- The siblings behind Cup Board Pro, Keira, Kaley, and Christian Young, shared their late father’s invention and emotional story.
- The estimated net worth of Cup Board Pro is currently $15 million.
- Cup Board Pro simplifies the cleanup process after cooking and offers a convenient storage solution for kitchen enthusiasts.
Cup Board Pro’s Journey and Founders’ Story
Let me take you on a journey to explore the origins of Cup Board Pro and the inspiring story behind its creation. This innovative cutting board was initially invented by Keith Young, a firefighter from New York City, back in 2010. Keith, also known as the Firehouse Chef, had a mission to make the post-cooking cleanup process simpler and more efficient for everyone.
Unfortunately, production of the Cup Board Pro had to be put on hold due to Keith’s wife falling ill. Tragically, Keith passed away in 2018, leaving behind 2,000 cutting boards that he had crafted with love and dedication. It was then that his children, Keira, Kaley, and Christian, took up the mantle of their father’s idea and launched an online store to sell the remaining stock.
In just three weeks, the Young siblings managed to sell 300 units of the Cup Board Pro, showcasing the potential demand for their father’s invention. Eager to further grow the business and seek expert guidance, they decided to apply for the popular entrepreneurial show, Shark Tank.
The Entrepreneurial Journey Continues
Their appearance on Shark Tank in 2019 was a turning point for Cup Board Pro. The siblings captured the attention of all five sharks – Lori, Mark, Daymond, Kevin, and guest investor Matt Higgins. The sharks were quick to recognize the value of the Cup Board Pro and made a generous offer of $100,000 for a 20% stake in the company. Notably, all the profits from the deal were pledged to a charity supporting sick firefighters.
After the episode aired, the response was overwhelming. Cup Board Pro sold out their entire stock within minutes and received over 100,000 email inquiries. This initial success set the stage for their rapid growth. By the end of 2019, the company had sold 20,000 units, generating over $1 million in sales. Their partnership with Williams-Sonoma, Inc. provided them with valuable manufacturing and advertising opportunities, further fueling their success.
With their top-selling status at Williams-Sonoma and a current estimated net worth of $15 million, Cup Board Pro has proven to be a true entrepreneurial triumph. The Young siblings, driven by their father’s vision, continue to inspire with their dedication, resilience, and innovation in the kitchen gadget industry.
Year | Units Sold | Sales Revenue (USD) |
---|---|---|
2018 | 0 | $0 |
2019 | 20,000 | $1,000,000 |
2020 | 50,000 | $2,500,000 |
Cup Board Pro’s Success on Shark Tank and Beyond
After our emotional pitch on Shark Tank, I couldn’t believe the overwhelming response we received. All five sharks, Lori, Mark, Daymond, Kevin, and guest investor Matt Higgins, were impressed by our product and offered us a deal. We gladly accepted $100,000 for a 20% stake in Cup Board Pro, with all profits going to a charity for sick firefighters. It was an incredible opportunity to not only grow our business but also give back to those in need.
The moment our episode aired, our website crashed due to the massive influx of orders. Within minutes, our entire stock of Cup Board Pros sold out, and we received over 100,000 email inquiries. The demand was overwhelming, but it also showed us the potential of our product. We knew we had something special.
Since then, our revenue has been skyrocketing. By the end of 2019, we had sold 20,000 units and generated over $1 million in sales. This success attracted the attention of Williams-Sonoma, Inc., one of the leading retailers in kitchenware. We formed a partnership with them, which opened up even more manufacturing and advertising opportunities for Cup Board Pro.
The collaboration with Williams-Sonoma has been a game-changer for us. Cup Board Pro quickly became their best-selling item, and the exposure we gained through their platform propelled our growth even further. With their support, we have expanded our production capabilities and reached a wider audience of kitchen enthusiasts. This partnership has undoubtedly played a significant role in the current valuation of Cup Board Pro at $15 million.
FAQ
What is Cup Board Pro?
Cup Board Pro is a cutting board with a tray for collecting food scraps and juices, making the cleanup process easier and more efficient in the kitchen.
Who invented Cup Board Pro?
Cup Board Pro was originally invented by Keith Young, a firefighter from New York City, in 2010.
What happened to the production of Cup Board Pro?
The production of Cup Board Pro had to be canceled due to Keith Young’s wife’s illness.
How did Cup Board Pro come back to life?
After Keith Young’s passing in 2018, his children, Keira, Kaley, and Christian, took over their father’s idea and started an online store, selling 300 units in just three weeks.
What happened when Cup Board Pro appeared on Shark Tank?
Cup Board Pro secured a deal with all five sharks on Shark Tank – Lori, Mark, Daymond, Kevin, and guest investor Matt Higgins. They offered $100,000 for a 20% stake in the company, with all profits going to a charity for sick firefighters.
How did Cup Board Pro perform after Shark Tank?
After the episode aired, Cup Board Pro’s entire stock sold out in minutes, and they received over 100,000 email inquiries. The company went on to sell 20,000 units with over $1 million in sales by the end of 2019.
What partnership did Cup Board Pro form after Shark Tank?
Cup Board Pro partnered with Williams-Sonoma, Inc., which led to further manufacturing and advertising opportunities. Cup Board Pro became Williams-Sonoma’s best-selling item.
What is Cup Board Pro’s current valuation?
Cup Board Pro is currently estimated to be worth $15 million.