Shark Tank US | CUPBOP Are Asking For $1M From The Sharks
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- Опубликовано: 25 ноя 2024
- Jung Song and Dok Kwon are seeking $1M for a 3% stake in their company CUPBOP.
From Season 13 Episode 21
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About Shark Tank: The Sharks - tough, self-made, multi-millionaire and billionaire tycoons - continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires.
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Shark Tank US | CUPBOP Are Asking For $1M From The Sharks
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Hey!! That's us!!
OMG ITS CUPBOP I LUV YALLS K FOOD
Can u tell us ur location in every country
@@anmirfan6447they have the locations on their website
i wish i could try your food
Nahhhhhh
This episode is a clear example of a difference between a millionaire and a billionaire. Cuban is the boss
Let’s all get there and experince it
Totally agree
Mf own the Dallas maverick😂
@@tritonh5683 Work really hard like those guys do, 18 hours per day for 10 years and you can make it.
@Gol Acheron Anyone can be successful financially if they put the work and time into it. Success doesn't just mean being a billionaire, in fact, being that rich comes with a whole new world of problems.
fun fact: a few weeks after this episode aired, Barbara made an appearance at one of their restaurants to tell them that she's out
😂😂
Cringe
Bro get out of town 🤣
Wow dude, another Barbara joke?! So original! These jokes are so cringe and overused.
😂😂😂 I can’t take it anymore good joke
Cupbop: we pulled $18M in sales just in a year
Barbara: ok I'll value your entire company at $3.3M 😂😂
I was about to post the same thing. So I support you! :)
And that's when they stopped listening to any offer she made, and it hurt lori's offer when she went in with her.
And they grossed 75% so they probably netted $3M at least. Barbara is effectively taking their entire company and paying them one year's profit for it.
How can this woman who has supposedly made so many millions of dollars be so totally ignorant. Amazing.
Her new way of saying she's out
LOL, Mark is always the one that stay silent until he strikes the perfect offer, and they all love Mark in the end, he's like the MVP of the show. We can basically call it Shark Mark.
Mark tank. Missed opportunity there bud 😂
@@LachieAussie I was thinking same😄
Lori and Barbara for 5% was wayyyy better tho. Barbara has so many food/restaurant brands AND FRIENDS who own food brands. Easy peasy national recognition
Dude owns the Dallas Mavericks, he's got marketing down to a science.
@@saraeissa4954 doing a bad deal with Mark is a 100 times better than to do a great deal with Barbara and Lori.
1:54 Lori: "Tell us what's in it before we go in"
*Robert shoving a fork full of noodles in his mouth*
This is why woman live longer 😂
@@maryamalhammadi588unfortunately true
@@maryamalhammadi588lmao
😂😂😂😂😂
😂😂
Update:
When Cupbop was pitched on Shark Tank, the company's annual revenues were $18 million from 15 stores. As of today, Cupbop's sales revenues are at $64 million from 49 stores. With help from Mark Cuban.
Thanks for the update
None in California though. Makes sense, competition for good Korean food is probably too tough for them to survive in Cali
They have lots of branches in Indonesia
Not all heros wear caps
Most stores have 1-3 stars, i couldnt even finish it. Everyone will try it once
The one time Barbara makes an offer: “So, you’ve got over $18mil in sales in the past 12 months, love you guys, love the food. I’ll give you $1mil for 30%”
IKR like what the hell was that terrible offer lmao
She did admit she wasn’t very bright
They should have dumped her from the show long ago
@@colet911 she's made a lot of money off the deals she's done.
1/3rd of the business ???
Like swim little fishies swim as fast as you can AWAY from such a shark !!!
Barbra is insane... 1 mill for 30%. Robert offered 5 m for 28%. Insanity.
Yeah lol
Robert actually valued the company at 18.5 MN $. Fair I guess..in the end..Mark did the deal at 20 Mn $ valuation....
Women☕
It’s her new way to say she’s out
Barbara knows her worth. She's the best shark on panel that's most successful in the food industry.
They just opened a Cupbop down the street from us. I can say their food is really really good. Best of luck to these guys
I can't wait to try this. Never had Korean BBQ. I love there dream 🇺🇲
Spicy 🌶 and a little $$$. but yum
@@pennyhagel815 I'm going to see if there is one in my area. 🌶️ is my middle name
@@SpaghettiNoob I'm in Las Vegas
Ehh I did not really like it. The steak wasn't as good.
The first time I've heard someone ask for 1mil+, and manage to PROVE to the sharks that they're WAY more than worth that much. Amazing.
They have 200 stores oversees alone.
Honestly these guys made a great business model and they were smart about it.
I worked at one of the shops and it is pretty popular. The best part is that their business expenses are minimal. They make about 80% off of each bowl, which cost about 10-11 usd. So they are making bank!!
Most of the products they use are cheat and easy to get.
Unfortunately at our store they don't pay a lot. We rely on tips a lot.
@@Ghost7065 I mean, there you go.. It should be closer to fast food where they pay employees at minimum wage but they're just getting customers to cover the costs.
Pay attention to every time when Mark is the last to speak, he tells the entrepreneurs what he thinks they're looking for and then sells himself before making an offer. That way, the entrepreneurs know that they are on the same page, having the same vision, which makes it more likely for them to go with Mark. A very strategic and astute businessman.
Can we stand still by the fact that Robert was willing to offer 5 million for that company 🤯
His offers rarely go through anyways 😂
@@adrianzaldana2167 he’s second in the all time rankings, Cuban has had 80% of deals go thru to completion, Robert is at 77.5%
Barb is way behind on 28% of course
Haha what a boss
@@mrhaltonok I don’t think those numbers are accurate
@@mrhaltonok where did you get these numbers?
I actually live in Utah and tried this. It was amazing. They’re pretty big in Utah so seeing them on shark tank caught me by surprise
frrrrr
Frfrfrfr@@colleengapuzan
Same it's delicious! And it's pretty healthy. Cabbage, rice and they have grilled chicken. And the noodles are sweet potatoes. My only critique is that they need to work on consistency in every location. The one I went to was so slow but the food was really good. The closest one to me now is fast but quality control is lacking.
Barbra is offensively insane. Her offer would have left the founders with 10% each! Just think about how mental that offer is.
Did she know at the time she made the offer that they had 5 other investors and only 50% to play with? Or was that only revealed later when Mark started asking specific questions?
Not even that her offer valued the company at $3 million when they were making 18 million that year
She wasn’t serious about investing. That’s why she made a stupid offer cause she knows they won’t accept. She does this all the time just to look like she does make offers on the show
@@3xinarow990they aren’t making $18 million a year. That’s their sales not profit
@@AKIsAClownstill 0.17x LTM sales is a wildly low valuation, considering how fast they growing too
Both stories are so inspirational. Especially the one who said his parents dropped him off to America. What a sacrifice.
@KA-eu9sy I agree.
I'm addicted to Cupbop. I've ate there once a week for the past 8 months. It is truly amazing food. I wish these guys nothing but the best. We need more Korean fast food in the US.
u must not live near any good Chinese food
I worked there.
I usually eat lunch at Cupbop as the store is near my workplace. Now, I'm surprised seeing Cupbop in here XD
I just love how Mark waits for all other sharks to mark an offer then, boom! strikes the perfect offer.
I love everything about the brand, the founders, the product and their stories. Perfect combination!
OMG ITS MISTER B- ... Edukada :(
the fact that Robert offered 5m is abstolutely insane
He saw the value. The company was worth over $200 million today.
I remember eating CupBop wayy back in 2014 or 2015 during my freshman year of college in Utah. They had a location on our school campus. Kudos to these guys for making it to Shark Tank all these years later.
They still have it at the U
thier fisrt location was at BYU
Not only did they get an amazing deal. They won the negotiation with a billionaire shark. Master class performance
Sharks and negotiations aside, I actually went to this place today and bought their MANDOO bop and it was delicious, I actually still have the bowl on my desk, it's delicious and uniquely styled, great presentation, honest rating of 9.5/10 by me. I feel like we will start seeing them everywhere
What mark said "Funny how people who grew up here don't feel the same way." So true..
No appreciation for opportunities is the reason.
EXACTLY liberals in America 🇺🇸 are so ungrateful
Welll they keep on giving those opputuntiies overseas
Living in the USA isn't a Prozac for most.
Laurie: okay tell us whats in here before we eat
Robert: starts funneling the entire cup of noodles into his mouth 🤣
Hilarious 😂
He is a millionaire. It's free they grab anything frrr
Mark will always be the best option tbh, dude owns the Mavs he can put one of the restaurants in the stadium and give them national tv publicity
I like this episode because: everyone was respectful and hopeful of each other. Nobody tries to one up anyone. Mutual respect for all the sharks engaged and want in. It’s like the difference between shopping for a car and a super aggressive salesman comes at you, versus someone who just comes off as helpful and doesn’t try and cross any borders…
So much nicer than the arrogant Dragons that never let the entrepreneurs finish and are constantly offended
Simply no. They are only respectful because of the food. The sharks dont get a break let alone fed.
@@BestMods168 yikes
Barbara: *“I’m gonna make you an offer you have to refuse because I want to get out!”*
Hahahahahahaha
🤣🤣😅
LOL she getting creative in going out now 😂 she saw the memes!
LMFAO
These guys did a fantastic intro, the same as " I want to draw a cat for you", there's only a few you'll never forget. Since Mark's offer was the closest to what they originally asked for, of course they would accept his deal that did go through. As of May 2022 when this show aired, in the US there were 36 store locations, six food trucks, and several concession locations.
To date they have 48 stores in the US, over 1000 in Indonesia and have expanded into other countries as well including 1 in Australia - YAY! since we are usually last for products and such compared to the rest of the world (Scrub Daddy were only available in shops last year unless you bought online). This is extremely impressive since they were on Shark Tank less than a year ago. So happy for their success and amazing growth.
A THOUSAND????
@@charbeleid193 My bad, as of Nov 2022 Indonesia had more than 125 stores, not thousands. Thanks for letting me know of the error I made. 😀
Yozhinoya has 3000 stores around tge world and their meats are not as tasty as korean bbq.
Australia makes sense it’s close to indonesia
thanks for sharing!
It’s the cap removing & 90 degree bow for me. You can really see the respect he has for the sharks. 🙇🏻♂️
These 2 guys ARE LEGENDS !! GOOD FOR THEM !!
They're extremely smart . With an energetic into like that , they caught the eyes of millions of people watching along with the sharks. They're definitely gonna boom in sales.
@@kp.l4795 Yeah you have to love those guys. Their going to the moon bit made me smile. Great personalities for the faces of the company.
Damn that $5M from Robert is serious! Wow.. I hope these guys more success, and for Mark too. Great episode!
it was never serious, they were never going to accept that deal, they only had 50% between them left. They're not giving up more than 25% they would be stupid to. The most I would see them giving up was 15% for that amount. I mean look how they nickel and dimed cuban for that extra 1/2 %
@@patricklee4581 yes she was informed on that, they talked about how they only own 50% at around 4:42, while barbara made her nonsensical delusional offer at 9:50, this is assuming this vid wasn't editted and this is the proper chronological order.
Cupbop is amazing. I have a lot of history with the owners. They used to come by my restaurant and I’d cook for them. I remember when they only had food trucks… I may or may not have bought one of their old trucks. Great to see Jung up here. Makes it so much better and funnier when you know the people pitching 😂. I’m legit omw to go get a hot bop with no noodles - spice level 8
Hi fellow Utah person haha . I been with cup bop since the start when they had just a few food trucks in 2015 ! It’s so cool to see them here ! 😊
It doesn’t look very nutritious…like super oily and fattening. I’m from San Francisco and I would only want something healthy in my neighborhood…
Completely useless comment @@Matthew-xn5yj
@@Matthew-xn5yj eat vegetables then
@@BondJFK haha
Mark always swooping in last minute like a vulture and getting deals 😂
they don’t wanna admit how much pull Cuban has, he can easily get members from the Mavericks to post it… easily get it in tv shows, movies etc
great that they did the crazy pitch and snapped right into business mode when getting to the numbers. well done guys..everyone liked the food as
well.
Can we all appreciate how they both talk about loving their kids 🥰
this is probably the most positive episode of shark tank
There is something heart warming about watching people gradually get older.
I can see all the sharks have gained a few extra lines on their faces.
Time is passing on for all of us.
No no NO NO NO NO
Some how Kevin still looks the same
AGREED TIME FLIES...
"It's amazing how people who grew up here don't feel the same way" 🥺
They have to say this to get money
Because America harms and traumatizes its children. America doesn't protect its children. America sells our safety, healthy, spirit, and soul for commerce. For starters, look at what the public schools teach and feed the kids from K-12.
Because America harms and traumatizes its children. America doesn't protect its children. America sells our safety, healthy, spirit, and soul for commerce. For starters, look at what the public schools teach and feed the kids from K-12.
I've been saying this my whole life. I'm also an immigrant and it feels like the people who appreciate America the most are the immigrants.
I need this in my town! Love the brand, love these guys, food looks great, just a great deal all around
Cool.
Crazy business set up this, you’d think that at some point the 50% of profits going to investors who had no real involvement in the business would have made them decide to shutter the company and start again
My thought exactly. These 2 great guys are making others rich to sit on their asses...
I really don't have any knowledge in business so I was always wondering how can 50% of shares can be owned by someone who didn't really invest at all.
@@eightsix9 those other partners were bought out by cuban after the deal was closed
This is easily one of my favorite episode because of their pitch!
It's freaking hilarious how Mark just jumped in a scoop up the deal from all other sharks lolz.
I was waiting for you to upload this episode for so long
Everybody wants Cuban and there's a reason for that, Cuban is in touch with modern reality, he is on Complex buying and talking shoes, he's on Podcasts with trendy people, he's at music and concert shows etc he knows how to get a brand viral!
Robert's laugh always gets me 😂 11:59
He's so cute 😶
Mark claims to be vegetarian and eats every meat product offered on the show 😂
Naw he isn't 100% vegetarian.. he has explained this alot
@@timhick6 oh, really? I'm just basing this off the show where he repeatedly says "I'm vegetarian"
He has gone vegetarian a few years ago but this is business, he has to try the product to make an investment.
He is business keep that in mind.
Imagine getting dropped off in Utah to a random family, that's nuts.
Most kids would have resented their parents for something like this. Not praised them down the road because they managed to become successful. It could have easily gone another way. Then how would they feel about the parents.
yeah, I'd be saying I became a success despite my parents - not praise them for it.
At least it’s not Ohio 🤣🤣
Fantastic negotiation by the cupbop guys! 20 million valuation is pretty damn solid. Barbara’s offer was absolutely insulting imo.
Mark is always on point.
Smart and amazing person.
We all can learn something from Mark.
barbara's offer is actually insulting
Say the rich guy
She needed a knew way to express the fact that she's out
I agree with Mark, people born in the U.S don't see the opportunity this GREAT COUNTRY can give you for a great future.
They see it. It's just laziness. With immigrants like these they're mentality is different. For them laziness is not an option.
@@robinabernathy2829 This. Lazy and also entitled. And pepper in the fact that many learn their parent's defeatism and cynicism.
It's a cycle really of people being too accustomed and blind to their own prosperity, which ironically also hurts prosperity.
I wish them the best! Incredible stories and as an immigrant myself. Lots to live up to. Not for others but for yourself! Living up to your best potential.
Absolutely love the story of these guys. Goes to show even the most silent person can make the biggest noise when they have the right motivation. I wanted them to work with Mark so bad. I cheered when Mark accepted their deal! 😁
Jesus loves you & made a way for our sins to be forgiven, turn to Christ & repent for your sins to be forgiven & eternity in Heaven!
@@God_is_good_youre hurting your cause with the spam
@@Gabriel-cy2iwKOREAN KOK 8 INCHES LONG WHIPPED OUT ON LIVE TV
I’m watching this eating it for the first time ever Korean bbq in a cup in Phoenix AZ! It’s the best food I’ve tasted in quite some time!
I've had CupBop in Utah many many times. Very good and delicious. Highly recommend
No you haven't you lying broad!
@@tinaminowski1014 yes I have. They have one in Provo right next to BYU, I use to live down the street and would walk to it many times while I went to UVU
@@kluesnitch2519 nope
Same. I served it to my enemies. He died of diarrhea the very next day.
@@tinaminowski1014 they have one here in Denver and it’s fire 🔥
Half Korean myself. Way to represent, way to go guys!
This has to be the best shark tank pitch I’ve ever seen.
I wish nothing but the best for these guys!
I just love how Mark laughs at Barbra offer 😂😂😂
Mark: “it’s hot it’s hot 🥵 “
He’s literally wheezing 😂
1:53
Lori: Tell us what's in it before we go in.
Robet: *already slurping the noodles*
Kevin, Barbara & Lori were focused on getting their money back, hence they offered loans.
Robert believed in them but got too GREEDY and offered way more money for way more equity than the guys could, especially since some other investors already take 50% of the profit.
Now Mark set back and studied those guys reactions to all the offers. He knew what they really wanted a Shark for was to grow their business. He emphasized on that point and made offer closest to what they were asking for.
Bravo Mark 👏🏻👏🏻
Mark Cuban is no dummy
Yeah bruh i would do the same 1 million for 5% how do i get it back
Because he is multibillionaire. He has more inside his pocket while able to have empathy on this business that he sees opportunity in. While others not that deep pocket so they need to make sure every investment is on the safe side more percentage as compared to mark. Shark Mark lol
Cupbop is so good! I’m happy for them didn’t realize it wasn’t already a massive chain
Same ! I knew they were doing well but not THIS well lol I always used to eat at their food trucks when I worked at Vivint 🤣 In 2015
Their business strategy was lit 💪💪, Korean bbq is everyone's favourite, the amount of different incrediants and flavours and side edibles they add is INSANE 💪💪🥵🥵
Cap
6:43 Robert now can feel the HEATTTTTTTT
Mark usually doesn't make an offer . But when he does , he gets a deal .
I used to eat here when they were just a food truck in Sugarhouse. Very cool to see how things have grown! Awesome food.
Nobody care
@@Karonclip Well actually, a little french right here is watching this video and the vibe from that comment brought good energy to me. Start spreading love around you man by making encouraging and kind comments as that guy did, it’s not too late. Everything is influence 😉
@@Karonclip Just like your dad who left to get the milk?
It was really cool, Korean guys finally made a deal with Mark. I’m proud of Korea!! Respect!
There must be something I'm missing because I cannot respect parents who abandoned their children in another country (unless their lives were in jeopardy, which is not the case in Korea). Valuing money over anything else strikes me as strange and kind of deranged. If the parents thought it was so much better in the US than in Korea, why wouldn't they move too? It's cruel to expect an 11-year-old to make that cultural adjustment alone. Looking at it another way, if Korea is so awful that you have to get your children out of there (and I don't think it is), why should people embrace this brand ("Koreans are FUN!")? It's either one or the other; doesn't work both ways.
@Lou Sialb I think your missing the point😅 most of the time Korean immigrants are poor. And because that the parents probably wanted to give child better opportunity since america is the best place.
I’ve meet them on their first food truck in Utah 8 years ago, that’s crazy! I had no idea they were on the show!
I think I’ve had this before, it’s so cool to see products I have eaten/used before appearing in shark tank.
Man it must have been tough for his parents to leave him and brother in another country with other people. I don’t know if I could do that. I know it was to help them, but I know that had to hurt unbelievably bad. Especially for mom.
and now Cupbop is everywhere, and one of my favorite places to eat! awesome to see a familiar business on shark tank!
Absolutely LOVE Cupbop!!! Everytime their truck would pull up to the food truck park I couldn't pass it up.
best pitch ever
CupBop has been my favorite food place ever since they were still only a food truck
Omg cup bop is literally amazing 🤣🤣 they always came to my job back in 2015 when they were just a food truck . I always do the spice 7.5 . They been doing Amazing since they were just a little food truck here In Utah lol . I’m so so glad to see them do so well 😭😭
Barbara: I love your product. I think you're fantastic, your business is phenomenal, and your valuation is perfect. I've been waiting for years for someone like you to come into the tank; in fact, I dare say you are the single greatest entrepreneur we've ever seen, with the greatest business we've ever seen. This product will change hundreds of millions of lives for the better, and generate hundreds of billions in revenue. I think you're beautiful, and I love you. For those reasons, I'm out.
Mark wins the deals because he gives the most reasonable offers while Kevin offers deals that only benefit him and doesn't really care if the business even survives as long as he gets his return on investment with the high interests.
It is easy for people both outside the US as well as within to criticize and see the flaws in it’s governing, society and open market. But sometimes you get to see it working. The opportunities it offers and the meritorious rewards it gives to those willing to put everything in to achieve something great.
I think the sharks and everyone picked up on that resulting in a respectful, good vibed, emotional pitch.
In the early days their food trucks were notorious for selling out. I always knew once they started opening open brick and mortar locations they were going to do big things. Great guys I’m happy for them.
Thank you for not ruining the entire video in the title, it was a much better video for it!
The thing that people who are not good at school make good business owners tells more about how stupid the system we have is and much less about the quality of schooling.
It’s always nice to see people who are grateful for this wonderful country. We sometimes forget how good we have it. Anyone willing to work hard, can find success here.
EXACTLY
Hear, hear!
land of opportunity only works with sheer hard work and dedication - i think that message sometimes gets missed
an exciting pitch and wonderful episode to watch - wish very good luck
Update: Cupbop annual revenue is 40M. Company is worth 200M.
These guys made me cry of happiness
The millionaire sharks were all thinking about themselves. The Billionaire was thinking about the actual product, the people behind it & how it would work as a team venture.
I'm SO glad these POC got Mark!!! ❤❤❤ I wish them NOTHING BUT SUCCESS
Poc? Did you just call them people of color? Lol what the hell is wrong with you? You thinking about race, not numbers, the food, the business, the sharks, their dances, nope, only thing on your mind is race. Ridiculous lol 😂
What does that have to do with anything?
Prob the most wholesome episode on shark tank, love it!
I love Mark when he starts speaking.. he's always saying Something
Yeah that’s kinda how talking works, jk agree with you
@@mk7fifa353 😅good one
@@mk7fifa353 LMAOO
@@mk7fifa353 hahahaha made my day
When I start walking I always move.
It's amazing how the people who live here don't understand how good they have it here. Well said mark. You hear that people????
it was either mark or barb & lori as a team so i think they made a good choice with mark. the less to split the better.
I absolutely love their cup bop presentation. I love watching their yt shorts.
I love their life stories of the 2 cup bop owners.
This one stole a sincere smile out of me 🙂
I’m so happy these guys got a deal! I love to see people who love this country do great in this country!
👍
I don’t know why but I have a strong feeling this company gonna turn into something big i live in Utah I’m have to go check it out and see how it is
Update us hahaha
Tell us if you liked it
Seriously!!! I sure hope so ! I remember when they were just a little food truck lol they didn’t even have that many of them this was back in 2015
I love the vibe of these business owners. Would love to try their food
I’m so happy for these K-dudes!