where are they now? – lollacup: shark tank updates in 2020
lollacup came about when founders mark and hanna lim looked for a way to use the sippy cup for their daughters instead of traditional sippy cups that are difficult for little ones to use. The leak-proof design of typical sippy cups made it difficult for their girls to drink through straws, so their parents created a simple style and design to form a container that would serve as a transition to regular cups and straws.
While the lollacup’s valveless straw isn’t completely spill-proof, it does have a weighted end that anchors in the liquid so kids can take a sip of their tastiest beverage even with the cup tilted . This unique design of the lollacup straw makes it the ideal choice for smoothies!
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The handles on both sides of the lollacup offer a comfortable grip for even the smallest of hands. They also come apart for convenient storage in a diaper bag pocket or car cup holder. the lollacup is easy to clean and dishwasher safe.
how lollacup was born
The lims’ daughter was only nine months old when she put a straw in her mouth and was pleased to see her drink effortlessly. After speaking with her pediatrician, who recommended using straws as soon as possible, Hanna Lim went out and bought several different types of straw cups for toddlers, only to discover that her daughter couldn’t take a sip of none of them. Talking to other parents on the subject, Ella Hanna found that many kids found it tiring to drink from a straw cup with spill-proof valves, putting them off using straws altogether.
enter the lollacup: a cup with a straw that’s easy to use, easy to clean, and safe for kids to use. the lollacup is free of bpa/bps, pvc, phthalate and other potentially harmful materials used in the manufacture of plastics.
lollacup helps kids use straws
Recent scientific studies have revealed that drinking from sippy cups can cause dental and speech problems that may affect some children for years to come. The makers of the lollacup believe that deciding between a cup with a straw and a cup with a spout is primarily a matter of preference, but recognize that using the lollacup may offer additional benefits for the long-term care of your child.
a significant benefit of the lollacup is the smooth transition your child will be able to make from using a straw to a regular cup. Busy parents don’t have to waste time weaning kids from sippy cups and teaching them how to use straws. with the lollacup, they’ll be drinking through regular cup straws in no time.
The lollipop straw is made of durable and soft materials, with one admitted drawback: the lollipop can get stained. chemists are working to create stain-resistant materials that don’t use dangerous additives. Until then, lollacup offers straw replacement packs to periodically replace straws stained with pasta sauce, drinks, or whatever else little ones get their hands on.
diving into the shark tank
season 3 episode 12
Shark tank fans since season one, the lims had brought lollacup to market and were on the go. In season 3, their business was thriving and they were looking for funds to take lollacup to the next level. so they decided to go into the shark tank.
Even if they were unable to secure a significant deal to fund the expansion, national television exposure could do more to promote the lims’ product and give lollacup more notoriety than any physical or digital ad campaign could. At least they had the rare opportunity to be a part of one of their favorite TV shows and meet the hosts.
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the lims entered the shark tank asking the panel for a $100,000 investment with a 15% shareholding in lollacup. they boasted an impressive $30,000 in sales in just four months. This California power couple explained to the panel that the lollacup costs $4.50 to make and sells for $9 wholesale and $18 retail.
lollacup caught everyone’s attention on the shark tank panel with the poise and common sense of lims in explaining lollacup’s origins, costs, and future potential. After all, what parent could turn down an opportunity to help advance their child’s progress while making it easier and more convenient for them?
kevin o’leary tried to jump on the lollacup bandwagon first, offering $100,000 for 50% of the company, but only if the lims move lollacup manufacturing overseas, which would bring costs down to less than $2 per Unit. However, Lim thought it was essential to give their customers the peace of mind that Lollacups are produced with safe, American-made plastics. The LollaCup is manufactured in a state-of-the-art facility that holds its Device Manufacturing License from the State of California, Department of Health Services, and the Food and Drug Branch.
That was just the beginning. lollacup was seen, by the entire panel, as a reliable product with excellent earning potential. The lollacup is easily displayed, fits in the palm of your hand, and anyone with children or who has seen parents struggle with sippy cups or actual straws instantly understands the benefits of this product.
mark cuban agreed and started one of his infamous “24 second shot clock” deals to pressure the lims. and it worked. The Lims made a no-contingency deal with Mark and Robert Herjavec for a $100,000 investment with a 40% stake in the company.
lollacup after shark tank
Her exposure to a national television audience and additional funding led to tremendous growth of the LollaCup brand after appearing on Shark Tank and partnering with Mark Cuban and Robert Herjavec. With the success of lollacup, the lims have expanded the concept into “lollaland” to create more innovative and modern products for babies and toddlers that serve both form and function.
Disclaimer: The information provided in this article is strictly informational; insignia seo is not affiliated with lollacup, sharktank or any of their subsidiaries.