Solomon Fallas’s party cups feature a shot glass in the bottom end. They’re a hit at college parties, but will that be enough to get a deal on
Shark Tank 180 Cup Update
- Entrepreneurs: Solomon Fallas
- Business: Party cups with build in shot holder
- Ask: $300,000 in exchange for 15% equity
- Result: $300,000 in exchange for 25% equity
- Sharks: Daymond John
Solomon brought his party cups to the tank hoping to get a deal. He explained that when he attended a fraternity party, he had the idea that plastic party cups should have their own built-in shot glasses. Over several years, he designed and patented his idea, with a well in the bottom end that was perfect for holding a shot. He called it the 180 Cup.
Solomon came up with a unique marketing strategy that enlisted the help of college students working with liquor stores, which allowed him to get his cups into 570 different shops. In under 6 months, he sold more than 5 million of his party cups, generating $385,000 in sales. Solomon put $175,000 of his own money into developing and marketing the cup.
Daymond John jumped in uncharacteristically early, offering $300,000 in exchange for 20%. When Solomon said he wanted to hear other offers, Daymond withdrew his offer in a huff. Lori Greiner said she wasn’t interested in being affiliated with something to do with college students drinking, so she went out next. Mark Cuban was also out, saying it was a niche product and it didn’t match the valuation.
Guest shark John Paul DeJoria admired Solomon’s dedication, but said he wasn’t passionate about the product, so he was out. Kevin O’Leary seemed to enjoy being the last shark to deny Solomon, and he was out with little explanation. Daymond knew he was Solomon’s only chance, so he decided to get back in. However, he wasn’t interested in making the same offer twice after Solomon turned down his first offer, and the negotiations were more tense.
Solomon offered Daymond $300,000 in exchange for 23% equity, but Daymond countered, raising the equity to 30%. Solomon declined, saying he wouldn’t give up 30% of his company. Daymond countered again, asking for 25%, and Solomon agreed, getting the deal. What happened next for his company? Keep reading our 180 Cup update to find out!
We have sad news to share in our 180 Cup update. Research revealed that Solomon and Daymond parted ways three years after Solomon’s appearance on
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!