Whether at a house party or a Barbeque night with the closed ones, you will notice the Red Disposable cup around every house party.
We all have used and enjoyed the red disposable cup for our house parties and gatherings. As per some reports, people worldwide use more than 2 billion red disposable cups during house parties.
So, what is this red disposable cup? Why is it so popular, and who invented it?
The red disposable cup is well known among people, like the 180 cups, an innovative disposable cup used at house parties by people of all ages.
180 Cup is a company founded by Soloman Fallas that developed a dual-purpose party cup designed to serve as both a beverage cup and a shot glass. The product aimed to simplify the drinking experience at parties and social gatherings.
The 180 Cup is a disposable, plastic cup with a regular cup on one side and a shot glass on the other when flipped upside down. The shot glass portion is marked with lines to measure shot volumes.
Soloman Fallas appeared on Season 5, Episode 8 of the reality TV show “Shark Tank” in 2013, where he pitched his 180 Cup to the panel of investors known as the “Sharks.” He sought an investment of $300,000 in exchange for a 15% equity stake in his company.
During the pitch, Fallas explained the features and benefits of the 180 Cup, emphasizing its convenience and potential for becoming the go-to party cup.
While some Sharks were interested in the idea, others were concerned about the product’s long-term viability and competition from other disposable cup manufacturers.
Ultimately, Fallas struck a deal with Shark Daymond John, who invested $300,000 for 25% equity in the company.
After their appearance on Shark Tank, 180 Cup experienced a boost in sales and visibility. The company continued to market its product as an innovative and convenient solution for parties and social events.
What is the 180 Cup?
180 Cup is an innovative and interesting disposable party cup, making any house party and barbeque night hassle-free. 180 Cup is a revolutionary product that gained recognition from the hit television show Shark Tank. It is an innovative cup to help college students enjoy their favorite beverages safely and responsibly.
180 Cup provides an easier way for individuals to track how much they have consumed while eliminating the risk of overindulgence. The unique design allows users to customize their drink with multiple layers of various flavors and alcohol levels. The cup also features built-in sensors which indicate when enough has been consumed and can even be used as a temporary breathalyzer.
Since its inception on Shark Tank in 2016, 180 Cup has become one of the top-selling products amongst college-age consumers due to its convenience and safety features.
180 Cup can be described as the regular disposable cup you might have encountered during various house and office parties. However, 180 cup is just more than a regular party cup.
You can use 180 Cup as both beer cup or glasses to drink hard drinks. Hence, it is called the two-in-one cup. The innovative 180 cup was invented by Solomon, who also calls it “The New Red Cup,” which has become the go-to product for house parties around the country.
|Company Name||180 Cup|
|Product||A plastic cup that can be used as both a cup and a shot glass|
|Investment Seeking||$300,000 For a 15% stake in 180 Cup|
|Final Deal||$300,000 For a 25% stake in 180 Cup|
|Episode||Episode 1, Season 5|
|Business Status||In Business|
Who is the Founder of 180 Cup?
Solomon Fallas is the founder and inventor of the popular 180 Cup. He got the idea to create 180 Cup when he had to wait longer for the drinks due to the shortage of traditional glasses.
Also, the traditional beer glasses were boring and used for a single purpose. Hence, he created the multipurpose 180 Cup that can be used for multiple purposes.
You can flip the 180 cup upside down, and it will become a “Shot Glass,” which is sculpted into the underside of the 180 Cup.
180 Cup Before Shark Tank
180 Cup was not so popular before Solomon’s appearance on Shark Tank. The product struggled to gain any fame and barely had any profitable sales.
Solomon’s aim behind creating the 180 Cup was to replace the red cup at house parties and barbeque nights. Solomon created a world-class innovative product but struggled to get the 180 cup to stores.
The methods used by Solomon to promote 180 Cup were traditional and barely gave any traction to the product.
How was the Shark Tank Pitch of 180 Cup?
Solomon reached out to Shark Tank to promote his 180 Cup business and get some investment to improve the sales and marketing of his business. He entered the shark tank show seeking an investment of $300K for a 15% equity in his business of 180 Cup.
He reaches the stage of the Shark Tank show and presents his story about how he got the idea to create the 180 Cup and then asks the Sharks, “Who wants to take the shot with me?”
Sharks ask him about the sales volume and the revenue he has generated by selling 180 Cup. Solomon responds that he generated over $385K in the past 6 months by selling over 5 million units of 180 Cup.
He claims that 180 Cup is available at over 500 stores in the United States. The Sharks then question him, how does he promote his 180 Cup and generate sales?
Solomon answers that he promotes his 180 Cup by hiring college students on a commission basis and selling the product to the college town stores. Also, he promotes his 180 Cup on youth-oriented social media websites and Craigslist.
Next, Solomon provides the sample of 180 Cup to the sharks and informs them that the cost of 180 Cup is similar to the standard red cup used at parties.
After hearing Solomon for a while, Daymond John offers him $300K for a 20% stake in 180 Cup and expects a response immediately.
Solomon says he licenses 180 Cup to colleges, sports teams, and beverage companies and uses other promotion methods to increase sales. After this, Solomon hesitates to accept Daymond John’s offer.
Daymond John threatens Falls to take back his offer if Solomon doesn’t respond directly, while Mr. Wonderful seems interested in 180 Cup and seeks more product details.
Mark Cuban thinks Solomon is crazy as he does not respond to Daymond John’s offer. Hence he is out of the conversation. Following Daymond, even Lori exits.
Mark Cuban is interested in the 180 Cup as he finds the college network idea a great way to promote the product. However, Solomon has just penetrated 1% of the market. Hence Lori exits as well.
Though Mark Cuban was interested in the 180 Cup, he believed that the product was too niche-focused and exited. Following Mark, JP DeJoria also leaves as he believes that the 180 Cup is not something he is interested in.
Daymond John teases Solomon for not accepting his offer after everyone leaves. Hence, Solomon Falls requests Daymond John to reconsider his offerings into the 180 Cup.
However, Daymond finds the situation to renegotiate the deal and offers Solomon $300K for a 30% stake in 180 Cup. Solomon says he will give a 23% stake in 180 Cup for $300,000.
Finally, Daymond John and Solomon Falls settled on $300K for a 25% stake in 180 Cup.
Final Deal: $300,000 for a 25% stake in 180 Cup offer from Daymond John.
What Happened To Sweep Easy After Shark Tank?
180 Cup Shark Tank Recap
The Shark Tank pitch of 180 Cup occurred during Season 5, Episode 1, which aired in 2013. Soloman Fallas, the company’s founder, presented the 180 Cup to the panel of investors known as the “Sharks.”
During his pitch, Fallas demonstrated the features and benefits of the 180 Cup, a dual-purpose party cup that served as both a beverage cup and a shot glass.
He emphasized the convenience of the product and its potential to become the go-to party cup, replacing traditional disposable cups. Fallas sought an investment of $300,000 in exchange for a 15% equity stake in his company.
While some of the Sharks were interested in the idea and saw potential in the product, others had concerns about the long-term viability of the business and competition from other disposable cup manufacturers.
Despite these concerns, Shark Daymond John was interested in the product and saw its potential in the market. He offered Fallas $300,000 for a 25% equity stake in the company, which Fallas accepted.
The successful pitch on Shark Tank provided 180 Cup with valuable exposure, leading to increased sales and visibility for the product in the market.
What Happened To 180 Cup After Shark Tank?
180 Cup generated a lot of sales and achieved unimaginable success post its appearance on Shark Tank. Solomon introduced a college ambassador program to promote the 180 Cup.
The college ambassador program allows an individual to become an ambassador of 180 Cup if they provide 180 Cup information about alcohol and beverages stores and bookstores in their area.
Daymond John’s investment has helped Solomon expand the product line of 180 Cup. He has added various other products, such as a disposable flask, a beer pong set, and a 180 Cup glass.
The 180 Cup glass differs from the original 180 Cup but is based on the same concept of 180 cups with a standard drink glass from one side and a shot glass from the bottom.
There is little clear information about Solomon’s many stores to promote his 180 Cup as of 2022.
However, with the growing popularity of the 180 Cup, we can assure you that the 180 Cup has reached great heights after its appearance and investment in Shark Tank.
180 Cup Shark Tank Update
After their appearance on Shark Tank and striking a deal with Daymond John, 180 Cup experienced a boost in sales and visibility. The exposure from the show helped the company gain more attention and reach a wider audience for its dual-purpose party cup.
With Daymond John’s guidance and investment, the company continued to market and sell its product as an innovative and convenient solution for parties and social events.
The 180 Cup was made available through various retailers and online platforms, making it more accessible to consumers.
While the company has experienced some success, it is essential to note that the disposable party cup market is highly competitive, with many established brands and products. Nonetheless, 180 Cup has managed to carve a niche for itself as a unique offering in the market.
For the most recent updates on the company’s status and product availability, it is recommended to check its website or online retail platforms.
180 Cup Business Model
Solomon Falls created an innovative and highly valuable product known as the 180 Cup, which costs the same as the standard red cup.
Moreover, he also expanded his product line with the investment from Daymond John from Shark Tank. Solomon sells his 180 Cup and other products in local departmental stores, liquor stores, and online mediums.
Hence, 180 Cup can be a great option to replace your old wine or standard drinking glass if you plan to organize a house party, friends gathering, or barbeque night.
Who Is The Investor in 180 Cup?
Daymond John, an investor on Shark Tank with a net worth of $50 million, invested $300,000 for a 25% stake in Shark Tank.
Another investor of 180 Cup is FUBU – For Us, By Us, which has an estimated net worth of $300 million.
How Does 180 Cup Make Money?
180 Cup makes money by selling its most popular 180 Cup, or The Red Cup, and various other products such as disposable flask, a beer pong set, and a 180 Cup glass.
180 Cup is a go-to product for hosting a house party or organizing a friend’s gathering. You can find them at Walmart stores and various online stores.
Thank the Shark Tank show for allowing 180 Cup to showcase its product and help the business thrive.
The sales of 180 Cup surged to $5 million post its appearance on Shark Tank, and Solomon has also expanded the product distribution in 5 countries worldwide after the investment from Daymond John.
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Interesting Aspect of 180 Cup
- Capacity: 16 oz. Cup, 1.5 oz. Shot glass.
- Easy-to-grip, disposable, and stackable.
- Perfect for sporting events, parties, BBQs, and picnics.
- You will drink it, turn it over, and shoot it with 180 Cup.
- Pack of 48 180 CUPs that includes a shot glass at the bottom
Is 180 Cup Still In Business?
180 Cup gained a lot of traction and generated sales worth $5 million post its appearance on Shark Tank. Solomon couldn’t agree on the terms of Daymond John’s post-Shark Tank Show.
180 Cup turned down the offer of Daymond John and his business ideas for the expansion of 180 Cup. 180 Cup used to be available for online sales on Lexhead.com; it is not available there.
Solomon and Daymond decided to split up due to multiple disagreements regarding the operation and expansion of the 180 Cup. However, you can still purchase 180 Cup from Amazon, Walmart, and other physical and online stores.
The sales of 180 Cup have fallen through as multiple competitors are available in the market, and Solomon couldn’t market the product properly.
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What Is the Net Worth Of 180 Cup?
The valuation of 180 Cup was $2 million when it appeared on Shark Tank. The net worth of 180 Cup is unavailable as of 2023 since the company went out of business.