Cup A Bug Shark Tank Update | Season 15 Episode 15

During Shark Tank Season 15, inventor Justin Huang pitched his unique bug catcher, Cup-A-Bug. His invention offers a safe, non-lethal way to remove bug from the home without even killing it.

Will one of the sharks be interested in making a deal with him?

Or,

What happened to Cup A Bug after Shark Tank?

Find out the details in our thorough analysis on Cup A Bug Shark Tank update and pitch recap…

If you’re short on time, here’s a quick overview of What happened to Cup A Bug After Shark Tank:

Psyonic On Shark Tank

Psyonic Shark Tank Deal

• Business: Bug Catcher
• Entrepreneur: Justin Huang
• Asked For: $50,000 for 10% equity
• Shark Tank Deal: $75,000 for 20% equity
• Shark: Mark Cuban

Psyonic Company Info

Cup A Bug Overview: What Is Cup A Bug?

Cup A Bug is an innovative bug-catching tool created to safely remove insects from your home without killing them.

Justin Huang, the inventor of Cup A Bug, designed the tool to address the common discomfort around dealing with bugs. Rather than reaching for a shoe, Cup A Bug allows users to gently trap bugs and relocate them outside.

The tool’s operation is simple yet effective. To use it, just place the Cup A Bug over a bug, pull a lever that closes a floor beneath the insect, and safely contain it inside the cup.

Once contained, you can carry the bug outside and release it without harm. This humane method of catching bugs appeals not only to insect enthusiasts but also to individuals looking for a more ethical way to handle unwanted critters in the home.

Cup A Bug Shark Tank Pitch

Justin Huang’s pitch for Cup A Bug on Shark Tank Season 15 showcased a unique tool designed to humanely catch and release bugs, creating a convenient alternative to squashing them.

He introduced his product by explaining that it allows users to safely capture insects without harming them. Cup A Bug is simple to use: just place it over the bug, pull the lever, and a floor mechanism closes beneath the insect, trapping it inside the cup. The bug can then be carried outdoors and released.

Justin explained that, despite not being a fan of bugs, he often felt uncomfortable killing them, leading him to design a tool that allowed for humane bug handling. The product quickly caught the interest of the Sharks, especially Mark Cuban, who mentioned he was the designated bug catcher in his own household. Eager to dive into the details, Mark expressed genuine interest in the product’s utility and simplicity.

Product Costs and Sales Figures

Justin provided a breakdown of Cup A Bug’s production costs, retail price, and initial sales numbers. He shared that each unit costs about $10 to manufacture, with an additional $7 needed for shipping.

To keep a profitable margin, he set the retail price at $40. Justin further revealed that Cup A Bug initially launched through a Kickstarter campaign, which resulted in sales of approximately 800 units, generating around $28,000. He had also started selling the product three months prior to the episode’s filming and had successfully sold around 1,200 units since then.

These figures highlighted not only the initial market interest in Cup A Bug but also Justin’s careful pricing strategy to ensure sustainable profitability. Robert Herjavec followed up on the sales numbers by asking about Justin’s professional background, which provided context for his entrepreneurial journey.

Justin’s Background and Innovation

Justin shared that he has an engineering background and spent time working with his father, who specializes in building motors. His experience in both engineering and the family business gave him the skills needed to develop the Cup A Bug prototype, and he described his passion for inventing useful products.

Justin even presented a surprise for the Sharks: a small invention he had designed specifically for them, which could launch small items. This additional invention added a personal touch to his pitch and demonstrated his creativity and technical expertise.

The Offers and Shark Negotiations

Justin’s pitch was one of the quickest of the season to elicit offers from the Sharks. Mark Cuban, who had shown an immediate interest in the product, jumped in with a proposal. He offered $50,000 for 20% equity in Cup A Bug, along with a stake in any future inventions Justin might create. This initial offer highlighted Mark’s interest in partnering with an innovative entrepreneur who had potential beyond just a single product.

Just as Mark made his offer, Daymond John stepped in with a matching offer: $50,000 for 20% equity. Sensing the opportunity, Daymond upped the stakes by proposing a new deal at $60,000 for 30% equity. This counter offered Justin additional funds, but at a higher equity cost. He then suggested teaming up with Mark to complete the investment jointly, but Mark declined, making it clear he wanted to work with Justin exclusively.

Mark then sweetened the deal further by raising his offer to $75,000 for the original 20% equity. This bold increase demonstrated Mark’s commitment to securing the deal and his confidence in Justin’s potential. Eager to move forward and encouraged by Mark’s persistence, Justin accepted the $75,000 offer for 20% equity, sealing a partnership with Mark Cuban.

The pitch concluded without hearing offers from the remaining three Sharks, but Justin’s choice to partner with Mark promised strong support and future growth opportunities for Cup A Bug.

So, what happened to Cup-A-Bug after Shark Tank? Keep reading our in-depth analysis on Cup-A-Bug Shark Tank Update to find it out.

Cup A Bug Shark Tank Update Today

Following the deal with Mark Cuban, Cup A Bug is on a promising path. While exact revenue figures post-Shark Tank are not yet available, Justin’s appearance on the show has significantly boosted his brand’s visibility.

With Mark’s support, Cup A Bug is poised to reach a wider audience and increase production efficiency.

Since his appearance, Justin has also launched a dedicated website for Cup A Bug, which includes instructional videos and a “bug gallery” where users can share photos of their bug catches.

The website’s engaging content appeals to both bug lovers and casual users looking for an innovative way to manage pests humanely.

Did Cup A Bug Get A Deal On Shark Tank?

Yes, Cup A Bug did secure a deal on Shark Tank.

After an engaging pitch by Justin Huang, Mark Cuban quickly offered $50,000 for 20% equity in Cup A Bug and any future inventions Justin might develop.

Daymond John then entered the negotiation, matching Mark’s offer and later raising it to $60,000 for 30% equity, hinting at a potential partnership with Mark.

Ultimately, Mark showed his commitment by increasing his offer to $75,000 for 20% equity, winning Justin over without competition from the other Sharks. With this new partnership, Justin left the tank with Mark’s support, ready to take Cup A Bug to the next level.

Where Can You Buy Cup A Bug?

You can purchase Cup A Bug directly from its official website, where you’ll find options to buy as well as helpful videos demonstrating its use. The website also has a “bug gallery” showcasing images from happy customers who have used the product to safely capture various insects at home.

Additionally, Cup A Bug is available on Amazon, making it accessible to a wide audience with the convenience of quick shipping and customer reviews. Whether you’re looking to buy for yourself or as a unique gift, both options provide easy access to this innovative tool.

Customer Feedback: Reviews On Cup A Bug

Since its launch, Cup A Bug has received a mix of positive feedback from customers who appreciate its ethical approach to bug catching. Many reviewers highlight its ease of use and humane concept, which resonates with environmentally conscious consumers. Users enjoy the satisfaction of catching bugs and safely releasing them without resorting to sprays or killing methods.

Some constructive feedback includes suggestions for design improvements, such as creating multiple sizes to catch larger insects more effectively. However, the consensus remains largely positive, with Cup A Bug gaining fans among households that prefer peaceful cohabitation with the occasional insect visitor.

The Future Of Cup A Bug: What’s Next For Justin Huang?

Justin Huang’s journey with Cup A Bug is just beginning, and with Mark Cuban’s backing, the future looks promising. The product’s unique value proposition fills a niche in the pest control market, appealing to eco-friendly customers and those seeking a humane approach to bug management.

Justin’s innovative spirit, combined with the exposure from Shark Tank, positions Cup A Bug for growth. The company’s website hints at potential new developments, including additional bug-related products and potential collaborations.

With his engineering background and creative approach, Justin could very well expand Cup A Bug into a broader brand.

FAQs On Cup A Bug Shark Tank Update Today

Conclusion: Cup A Bug After Shark Tank

Based on our analysis on Cup-A-Bug Shark Tank Update, we can say that Cup A Bug’s success on Shark Tank exemplifies how a simple idea can capture attention and lead to substantial growth.

Justin Huang’s commitment to humane bug-catching offers a refreshing take on household pest control.

With Mark Cuban’s investment, Cup A Bug is now positioned to gain traction across the U.S., helping people catch and release bugs safely.

As we await more updates on Justin and his business, one thing is certain: Cup A Bug is making waves in the pest control industry with its unique approach and focus on kindness to all creatures, big and small.

If you’re intrigued by the concept, check out Cup A Bug and see why it’s capturing the hearts of households everywhere.

When we get a hint, we may come up with another Cup-A-Bug update to see what Justin and Mark are up to!

In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 15 by clicking on the links below:

• Coldest Update After Shark Tank
• Dogue Update After Shark Tank
• Psyonic Update After Shark Tank

Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.

At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.

Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.