![]() The other Sharks want to know more about the product before they can even make an offer. He said he was shocked at how many people were using them, but how limited their function truly was.ĭaymond immediately launches an offer of $300,000 for 20% equity, and demands an answer immediately. ![]() Solomon came up with the idea when he went to a college party with a fraternity, seeing how many people were holding the red Solo cups. In just six months, 180Cup has been built up from nothing.ġ80Cup comes in a 24 pack, and cost the same as a standard red Solo cup. In the first month alone, 180Cup went to more than 120 stores and received more than a 92% re-order rate. Depending on the size of the order, they would pay the collegiate students some percentage of the order. Through Craigslist and various social media websites, he offered collegiate students a chance to make some money through the students connecting 180Cup with local various liquor shops. Lori asks if he has attended trade shows to sell his product and get the name out, and Solomon replies that he took a unique approach to selling the product. These were sold to local various Mom & Pop type shops, typically which are around college campuses. Solomon says that in just under 6 months, he has sold over 5 million 180Cups, which has generated $385,000 in sales. The Sharks immediately ask about the sales of the 180Cup. However, the indent at the bottom of the cup can also serve as a measuring cup, or as a container for condiments. However, the 180Cup serves also as a shot glass when flipped upside down, as it has a little indent that matches the FDA’s recommendation for a shot of alcohol. ![]() The Red Solo cup is used over 2 billion times each year in the United States alone.
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