How Hard Is It To Get On Shark Tank

One matter that you would have your eyes on effectually at all house parties is probably a Red Disposable loving cup regardless of where y'all are, a Barbeque nighttime or a firm party.

We have all utilized and preferred the ruddy disposable cup for our parties at home. Co-ordinate to some estimations, approximately 2 billion reddish disposable cups are used during home parties throughout the globe.

What exactly is this cup? What is the reason for its popularity, and who is its founder?

Individuals are familiar with the throwaway cup and the 180 Loving cup, a revolutionary one-used cup that is utilized at parties by all people regardless of their ages at home.

This detail may seem expensive, but you may be shocked to learn that 180 Cup is reasonable and budget-friendly for your home gatherings.

Yous can fill up to 180 cups with any beverage, which is why it is known as the "truthful political party cup." The well-nigh incredible thing about the product is that yous don't need split up cups for tequila or beers since ane loving cup tin handle both.

With its versatility and immovability, the 180 Loving cup is a wonderful improver to making your friend reunions and home parties more enjoyable.

Fifty-fifty if you press, hit, or shatter information technology, the liquid within 180 Cup will remain steady. It may exist surprising to know that the 180 Cup tin as well be utilized as a stationary holder.

Besides, if you lot're not drinking on BBQ evenings, the 180 cup is platonic for carrying ketchup or BBQ sauce. So, even if your friends do not love drinking alcohol, 180 Cup may be an first-class companion.

Visitor Overview in Shark Tank

Company Name	180 Cup
Episode	Season 5 Episode 7
Product Offer	A 2-in-1 plastic cup that tin be used together with shot glass
Founded	2013
Founder	Solomon Fallas
Required Investment	$300,000 in exchange for a 15% pale
Closing Deal	$300,000 in return with 25% ownership
Offered Sharks	Daymond John
Current Business Status	Out of Business

What is 180 Cup?

The 180 Cup is a i-in-a-1000000 blazon and enjoyable dispensable cup that ensures your barbeque nights and the home party is special.

The 180 Loving cup is a basic unmarried-employ cup that you have probably seen at various private and professional functions. The 180 loving cup, in contrast, is just a little larger than the typical party cup.

How Does 180 Cup Work?

The 180 Loving cup is suitable for both beer and strong drinks. So, information technology'south called the "2-in-1 cup."

The incredible 180 Loving cup, besides known as "The New Red Cup," was created past Solomon and has since been the near wanted item for all firm parties throughout the nation.

Since their introduction, traditional drinking vessels such equally beer mugs and wine glasses accept been phased out in favor of 180 cups.

Who Founded The 180 Cup? Founder Backgrounds

The creator of the famous 180 Cup is called Solomon Fallas. Due to a shortage of standardized spectacles, he needed to wait for a longer period of fourth dimension which he found abrasive. Thus, he came up with the concept for the 180 Cup.

Solomon, an entrepreneur, kept joining gatherings at the college keg, where he drinks no less than a few shots. Thus, he came up with the concept for the 180 Cup.

Because it's called 180 Loving cup, it takes the red keg cup that everyone knows and turns information technology virtually upside down. In the starting time, the cup seems to be a typical ruby disposable cup with a "shot glass" embedded in its bottom.

You can probably drinkable a beer and enjoy a shot in one cup, just non simultaneously. This is perchance what the idea is.

Solomon desires that 180 Loving cup go "The New Red Cup," a fixture at frat and keg parties throughout the nation. He took a lot of time to make sure his invention didn't make it the way of either flip cup or beer pong.

180 Loving cup Business Before Shark Tank

Earlier Solomon participated in Shark Tank, the brand was not well-known. The product failed to establish popularity and had few successful sales.

Solomon originally designed the 180 Cup to substitute the cherry-red cup for home parties and BBQ evenings.

Solomon failed to brand the 180 Loving cup into retailers despite creating a unique world-class production.

Solomon's techniques for promoting the 180 Loving cup were conventional, and the product received little momentum.

Solomon worked difficult to develop his 180 Cup product with the near outstanding care. He is at present looking to increase his exposure with a marketing endeavour and build his visitor by seeking Sharks Investment to make a long-lasting impact.

180 Loving cup During Shark Tank Pitch

180 Cup initiated a slice of a party house in episode seven, season 5 of Shark Tank. Solomon is on the watch for a Shark to assist with distribution or negotiating a license contract.

Solomon begins the presentation by requesting $300,000 U.s.a. dollars with a 15 percent ownership in his business firm, totalled at two million U.s.a. dollars.

"Who would like to have a shot with me?" was the question he asked after displaying the 180 Loving cup with some narrative explanation. He has been agile in the previous six months, selling more than than 5 million cups for a total income of $385,000.

The loving cup tin be bought at over 500 stores. Solomon recruits college students to market to local merchants. He utilizes Craigslist with diverse media to find academy pupils and pay them on a committee basis.

Solomon gives out the cups and talks to everyone that the price is exactly the same equally a normal red cup.

Daymond makes an initial deal offer $300,000 with a 20% share in equity and anticipates an instantaneous response. He expects licensing breweries, sports organizations, and schools every bit a new business source.

Daymond threatens to revoke the offering when Solomon hesitates. Mr. Wonderful is eager to acquire more. Moreover, Solomon's waffles make Mark Cuban call back that he is angry. Then, Lori also followed Daymond out the door.

Marker Cuban likes the concept of a college network, but Solomon has simply a one percent market share. Lori doesn't think it fits her. Thus, she leaves.

The product is far too specialist for Mark, who likes his marketing work. Moreover, JP DeJoria, another Shark, is also out because he lacks enthusiasm. Kevin too declines the deal.

Daymond scolds him for rejecting his proposal. However, Solomon attempts to encourage Daymond to reconsider. And, Daymond insists on a response.

During the pitch, Solomon says he wants 23 percentage of the visitor for $300,000. Daymond says that he wants to buy 30 percent of the company. They agree to a 25 percent share in disinterestedness, and thus Solomon leaves with a deal.

180 Cup Closing Deal in Shark Tank

Solomon made an excellent presentation for the ruby-red cup, which has a twist that allows you to "shoot, flip, and so drink information technology," as he puts it. He was quick to depict the use in terms of birthday celebrations: Tailgate, sporting events, barbeque, and fries.

Solomon Fallas, the designer of the 180Cup product, presented his business firm on Shark Tank back in November 2013. Solomon requested a $300,000 investment in exchange for fifteen% equity. Post-obit the negotiations, they came to a mutual arrangement with Shark Daymond, who projected majuscule of $300,000 with a 25% ownership.

180 Cup Afterward Shark Tank

Shark Daymond rapidly revoked his offset offering, nonetheless information technology didn't terminate him from rejoining the battle and eventually securing the 180 Cup. Sales accept risen like crazy since then.

180 Cup'south value was roughly $1.2 million during its debut on Shark Tank. Also, the products are now available at Walmart. Following the Shark Tank episodes, the company'due south sales have surged to four.9 million Usa dollars in revenue, with fifteen,000 retail locations and distribution in five countries around the world.

You may notice the products at big retailers, for instance, Walmart. 180 Cups may be located anywhere university people are prepare to political party. For these well-heeled partygoers, at that place will be no more thick shot glasses. Owing to the Shark Tank deal, they at present have their comfy 2-in-ane cups.

Solomon had grown his business concern several years later on and parted ways with Daymond. The complete information is bachelor in episode 202 of Beyond the Tank.

Current Update: Is 180 Loving cup Still In Business organization?

Following its debut on Shark Tank, 180 Cup got attention and grossed $5 million in sales. Solomon and Daymond John couldn't achieve a common agreement on Daymond John's postal service-Shark Tank Testify.

180 Cup rejected Daymond's offer and his commercial plans for 180 Cup's growth. 180 Loving cup was in one case available for purchase online at Lexhead.com, only it is no longer attainable.

Daymond decided to separate up with Solomon owing to several disputes over how the 180 Cup should be run and expanded. Notwithstanding, 180 Loving cup is all the same available through Walmart, Amazon, and other offline and online retailers.

The 180 Cup's sales have stalled since there are other rivals in the competitive market. In addition, Solomon was unable to annunciate the production adequately.

The business closed down in December 2016. And at present he becomes as an account officer for Collective Soles, which sells socks and underwear.