What Happened to Touch Up Cup After Shark Tank?
What is Touch Up Cup?
Touch Up Cup is a company well-known for its namesake one-of-a-kind product. The Touch Up Cup is a container for storing leftover paint for more effortless touch-ups.
The sealed cup keeps the paint fresh for up to 10 years and includes an inbuilt blending sphere for quick mixing when shaken. Each Touch Up Cup has a capacity of thirteen ounces of paint.
Carson Grill, an adolescent, conceived the Touch Up Cup, which his father, Jason Grill, developed. They would later co-found the company and serve as co-CEOs.
Carson created the product when he was thirteen years old; aside from his business obligations, he currently spends his time on his schooling as a high school student.
Jason, his father, has not publicly revealed his life or job before the firm’s founding. Still, he has spoken extensively about the product’s conception, development, and overall trajectory since its inception.
Who is the founder of Touch Up Cup?
Jason Grill and his 15-year-old son Carson Grill founded the home care product. Carson developed the company’s main product idea after noticing the challenges inherent with touch-ups, such as paint buckets rusting, paint losing its freshness, and the often time-consuming process of locating a container and instrument to mix or stir the paint.
He reasoned that there must be a way to streamline and simplify the process. After talking with his father about his ideas, he came up with the Touch Up Cup concept.
He created a container for keeping doughnuts that keeps them fresh. Carson is always working on something, whether it’s his painting or one of his other projects.
Carson’s father, Jason, aids with patents and talks with overseas manufacturers, although Carson is in charge of the majority of the company. The product is available at Walmart, Lowes, Home Depot, and Amazon, among other places. The product comes in a three-pack for $19.99.
What Happened to Touch Up Cup at Shark Tank pitch?
Carson Grill and his father, Jason, hunt for a Shark investor for the Touch Up Cup, their leftover paint storage container, in episode 1201. They need the help of a Shark to help them with production and distribution.
Carson and Jason arrived on Shark Tank seeking $150,000 in return for a 10% stake in their business, worth $1.5 million.
Carson does most of the talking during the pitch and the ensuing discussion. He posed a query. His business skills and ability to construct a product have impressed the Sharks.
He already has over 4000 retail locations for the product and a licensing deal with paint accessory company Frog Tape. Carson oversees the majority of day-to-day operations, while Jason oversees patents.
Father Jason works full-time as a medical sales representative, and son Jason is still in school. Therefore they were searching for a Shark to help them operate the business.
Daymond and Blake both exhibit a certain amount of curiosity. On the other hand, Daymond does not want to be in charge of the company and is anxious about who will. Furthermore, he was unwilling to fund purchase orders.
Blake indicated interest and suggested that he would finance purchase orders if it benefitted him as an investor. Carson also pledges to supply three other patentable items.
Blake feels they need more funding and offers $200,000 in return for a 25% stake in the company.
Daymond makes a $200,000 offer in return for 17.5% company ownership. Daymond later reduced his offer to $150,000 in return for 20% equity.
Blake’s offer has also been reduced to $150,000 for 17.5% ownership. Blake was finally chosen because he is more invested in the company’s success. They ultimately struck a deal at the end of the pitch.
What Happened to Touch Up Cup After Shark Tank?
The deal with Blake was concluded. Following the program, Blake tweeted, “One of the reasons he invested in @TouchUpCup is because he instantly bonded with Carson and Jason.”
He, too, was a youthful entrepreneur, having started his own company at the age of 19, when Carson was fifteen. He is overjoyed to be a member of these two. #TouchUpCup #SharkTank.”
In December 2020, Jason Grill disclosed that Touch Up Cup is working on a private label deal with painter’s tape firm Frog Tape.
The company is still in operation as of February 2022, with yearly revenues of $2 million.
Competitors of Touch Up Cup
Touch Up Cup’s primary competitors are Thompson’s Water Seal and Touch n’ Paint.
Net Worth of Touch Up Cup
During the pitch, the firm was valued at $1.5 million; following Blake’s investment, the company was valued at $857,143.
Touch Up Cup FAQs
What is Touch Up Cup?
Touch Up Cup is a cup meant to store leftover paint for more effortless touch-ups and touch-ups.
Who is the creator?
The home care product was created by Jason Grill and his 15-year-old son Carson Grill.
How much did they ask for on Shark Tank?
They were asking for $150,000 for a 10% stake in the firm, which was worth $1.5 million.
Were they able to close the deal?
Yes, they had reached a deal with Blake.
How much money did they make on Shark Tank?
Blake offered $150,000 for 17.5 percent of the company’s equity shares.
Is Touch Up Cup still in operation?
Yes, the firm is still in operation, with yearly revenues of $2 million as of February 2022.
Is the Touch Up Cup for sale to the general public?
Yes, it is accessible for purchase by the general public and has been since its inception.
How can I order Touch Up Cup from Amazon?
Buy it on Amazon by going to https://www.amazon.com/.
How long will Touch Up Cup holds the paint in the cup?
The Touch Up Cup maintains the paint’s freshness for ten years without deterioration.
Is it possible to store unused paint in a Touch Up Cup?
Yes, any form of leftover paint can be stored in the container.
What is a reputable brand of touch-up cup?
Touch Up Cup is a brand of touch up cup in its own right.
Is Touch Up Cup available for shipping?
Yes, it is now being sent.
Is Touch Up Cup protected by a patent?
Touch Up Cup does have patents on paint storage containers.
What is the price of Touch Up Cup?
The product costs $19.99 for three packs.
Is Touch Up Cup available at Home Depot?
Yes, customers may purchase it at Home Depot and other retail locations.
Is the Touch Up Cup a spray paint can?
Yes, Touch Up Cup may contain any sort of residual paint as long as it is not spray paint.
What are the measurements of the touch-up cup?
The touch up cup measures 2 7/8 inches in length, 3 7/8 inches broad, and 5 7/8 inches tall. A pint is 16 ounces in volume.
How can I make a payment for Touch Up Cup?
Customers can pay for the item using PayPal, an Amazon gift card, or a credit card.
How do I clean and care for the Touch Up Cup?
Customers can clean the touch-up cup by hand or in the dishwasher. They should also avoid storing it in direct sunlight since this might degrade the quality of the paint held in the cup. They should also avoid keeping color in an area with high temperatures and humidity.
Is it possible to use the Touch Up Cup as a spray brush?
No, you cannot use the spray brush as a spray brush. It may be used for any type of paint.
What exactly is automotive touch-up paint?
Touch-up paint is a type of paint that is sold in tiny containers with a nozzle on top to regulate the flow of the liquid. It is mainly developed for automobiles to conceal scuffs, scratches, and small damage.