Sibling entrepreneurs Keira, Kaley, and Christian Young were able to close a deal with all five investors on ABC’s Shark Tank after giving one of the show’s most emotional pitches. Their Cup Board Pro product is a cutting board with a tray to conveniently catch food juices and trash. Cup Board Pro will likely be worth $15 million by 2022.
While Keira, Kaley, and Christian were the ones that presented the company to the Sharks on Shark Tank, their late father, Keith Young, was the one who created Cup Board Pro. He was a New York City firefighter with the ambition of appearing on Shark Tank.
To shorten the time required to clean up mistakes made when cooking, Keith developed the equipment in 2010. However, he was forced to halt production after a year when his wife Beth was hospitalised with breast cancer.
Beth died in 2012, and her husband was by her side. Later that year, Keith signed up for the Chopped cooking competition on the Food Network. He ended up winning the competition twice.
Cup Board Pro’s Estimated net worth?
The Cup Board Pro’s net worth is unknown. However, a solid consumer base was attracted by its exposure on television. Its current status as a Williams-Sonoma subsidiary means that the multibillion-dollar business is a significant part of its net worth. After Shark Tank, what happened to Cup Board Pro shouldn’t be a cause for alarm. The product caught many people’s attention, leading to a significant sales increase. It is still regarded as one of the best inventions ever made.
- Canelo Net Worth: Is Canelo The Richest Boxer?
- Frankie Edgar Net worth: How Much Did He Make A Year?
On Shark Tank, Cup Board Pro
The children took over Keith and Beth’s business after their unexpected deaths. On Shark Tank, they presented the creative board with success. It is currently among the most prosperous endeavours. What Shark Tank episode number is Cup Board Pro? The tenth season’s third episode featured a pitch for this astounding idea. The most notable items and memorable pitches over the years are revisited in Shark Tank: Greatest of All Time. Currently, ABC News is airing it.
What happened to Cup Board Pro’s creator?
Unquestionably one of the best developments is Cup Board Pro. Unfortunately, the creator did not survive to see how well-liked his creation was. The father of three was working at Ground Zero when he had cancer connected to 9/11. Surgery, radiation, and chemotherapy were unsuccessful in halting the malignancy. He was placed on hospice care in January 2018. Sadly, he passed away on March 17, 2018.
Creating the Company
Keith was sure that his cutting board idea might finally materialise thanks to the success he experienced on Chopped. Unfortunately, he received a cancer diagnosis in 2015, which was purportedly brought on by his involvement in the 9/11 firefighting effort.
Their three children were left alone after he tragically departed in 2018. About 2,000 cutting boards were included in their father’s inventory, Keira, Kaley, and Christian found.
So they created an internet store and promoted their goods on social media. They sold almost 300 units in just three weeks. The youth realised they required assistance from true professionals and applied to Shark Tank.
Presentation on Shark Tank
In its tenth season in 2019, The Young kids entered The Tank. They offered a 10% ownership of their business in exchange for $100,000. This was a reasonable suggestion, but the Sharks were moved by the story that accompanied it.
Keith Young, the original designer of the invention, had a background that allowed for a compelling pitch to the investors. In addition, they noticed that the cutting boards had a respectable profit margin.
After asking for a moment to themselves, each of the five Sharks present—Lori, Mark, Daymond, Kevin, and visitor investor Matt Higgins—proposed splitting the $100,000 for 20%. However, they also stated that all revenues would be donated to a charity for injured firefighters.
Soon after Shark Tank
The company’s whole stock was sold out in a matter of minutes following the broadcast of their Shark Tank episode. Customers who wanted to purchase one of their cutting boards sent over 100,000 emails.
They sold 20,000 units and made over $1 million in sales by the end of 2019. The Sharks then connected the company with Williams-Sonoma, Inc., which took care of additional manufacturing and marketing endeavours.
The Cup Board Pro became the best-selling item for Williams-Sonoma, a well-known kitchenware manufacturer. $3 million was reported as their most recent annual revenue. The company is now worth $15 million as a result.