Father and son duo Carson and Jason Grill were regularly touching up scuff marks in their house, and quickly ran into a problem. They typically only needed a little bit of paint, but the paint would dry up before they needed to use it again. That’s why they invented a sealable cup to solve this problem. Will the sharks paint the way to a deal during
Shark Tank Touch Up Cup Update
- Entrepreneur: Carson and Jason Grill
- Business: Sealable cup for leftover paint
- Ask: $150,000 for 10% equity
- Result: $200,000 for 25% equity
- Shark: Blake Mycoskie
Carson and Jason shared that the Touch Up Cup was capable of storing paint for over 10 years. Even better, the patented and reusable cup makes it easy to mix up the paint when it’s time to use it again.
The Touch Up Cup paint storage containers and roller cleaning tool allows you to use every las drop from a paint can and get the most out of your rollers all while saving time and money!
The 15-year-old co-founder shared with the sharks that Touch Up Cup had earned $220,000 in sales over the last two years. Further, the company had earned $70,000 so far in 2020 and was expecting to end the year at $400,000 in sales.
Carson also shared that the individual cup costs $0.90 to produce and wholesales for $1.89. Meanwhile, the 3-pack costs $1.99 to manufacture and wholesales for $4.25. They’re currently in over 4,000 retail locations and need a shark to help them expand.
All of this information was enough to interest guest shark and Tom’s founder Blake Mycoskie. He offered $200,000 for 25% equity.
The pitch also caught Daymond’s interest, and he offered $200,000 for 17.5%. However, after realizing that no one would be around to run the business because Carson was still in school and Jason had a full-time job, he changed his offer to $150,000 for 20% equity.
With two offers on the table, Mark Cuban, Lori Greiner, and Kevin O’Leary all dropped out of the deal.
After the change in offer from Daymond and some additional discussions with Blake, Carson and Jason accepted Blake’s offer of $200,000 for 25%.
How’s the company doing now? Let’s find out in our Touch Up Cup update.
After airing on
In our Touch Up Cup update research, we also found that Blake has helped Carson and Jason expand their product line to include rollers, brushes, and more.
If you’d like to know more, be sure to check out the Touch Up Cup website.
For updates on the other products featured in Season 12 Episode 1, be sure to check the links below:
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!