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    Bulacan State University: Republic of The Philippines

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    Aaron Choco De Guzman
    Carson Grill, a 15-year-old high school freshman, co-founded Touch Up Cup with his father Jason Grill to create an airtight container for storing leftover paint. They pitched their product on Shark Tank seeking $150,000 for 10% equity. Carson impressed the Sharks with his experience and knowledge. Both Daymond John and Blake Mycoskie expressed interest. Blake ultimately offered $200,000 for 25% equity, which Carson and Jason accepted to help further expand their growing business with over 4,000 retail locations.

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    Bulacan State University: Republic of The Philippines

    Uploaded by

    Aaron Choco De Guzman
    26 views2 pages
    Carson Grill, a 15-year-old high school freshman, co-founded Touch Up Cup with his father Jason Grill to create an airtight container for storing leftover paint. They pitched their product on Shark Tank seeking $150,000 for 10% equity. Carson impressed the Sharks with his experience and knowledge. Both Daymond John and Blake Mycoskie expressed interest. Blake ultimately offered $200,000 for 25% equity, which Carson and Jason accepted to help further expand their growing business with over 4,000 retail locations.

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    Carson Grill, a 15-year-old high school freshman, co-founded Touch Up Cup with his father Jason Grill to create an airtight container for storing leftover paint. They pitched their product on Shark Tank seeking $150,000 for 10% equity. Carson impressed the Sharks with his experience and knowledge. Both Daymond John and Blake Mycoskie expressed interest. Blake ultimately offered $200,000 for 25% equity, which Carson and Jason accepted to help further expand their growing business with over 4,000 retail locations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    26 views2 pages

    Bulacan State University: Republic of The Philippines

    Uploaded by

    Aaron Choco De Guzman
    Carson Grill, a 15-year-old high school freshman, co-founded Touch Up Cup with his father Jason Grill to create an airtight container for storing leftover paint. They pitched their product on Shark Tank seeking $150,000 for 10% equity. Carson impressed the Sharks with his experience and knowledge. Both Daymond John and Blake Mycoskie expressed interest. Blake ultimately offered $200,000 for 25% equity, which Carson and Jason accepted to help further expand their growing business with over 4,000 retail locations.

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    © All Rights Reserved
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    Republic of the Philippines

    Bulacan State University


    City of Malolos, Bulacan

    Name: De Guzman, Aaron Choco S.


    Section: A
    Season and episode: Shark Tank Season 12 Episode 1
    Title of the Product/Services: Touch Up Cup
    Screenshot of the video:
    Reaction: (about the product, owner and negotiation)

    Carson Grill, a fifteen-year-old freshman in high school, is already running his own
    business. Carson is the co-founder and CEO of Touch Up Cup, a business that sells paint storage
    containers, along with his father, Jason Grill.
    The Touch Up Cup is a 13-ounce container designed specifically for small touch-up paint
    projects. It not only keeps paint fresh for years and free of rust clumps, but it is also ready for
    fast paint mixing and use. “Just shake ‘n paint” is the company tagline.
    Carson and his father had the idea for the Touch Up Cup while they were planning to do
    some touch-up painting around their house. They discovered that their old paint cans had
    rusted, leaving the costly paint clumped and unusable. Carson wanted to create an airtight jar
    that would keep the paint fresh for years. He desired a better, more effective system for storing
    leftover paint. The Touch Up Cup's silicon gasket keeps it airtight, allowing the paint to last
    longer.
    Carson and Jason are looking for $150,000 in return for a 10% stake in their business.
    Despite his age, Carson amazed the Sharks by taking control of the situation and answering all
    of their questions. His experience of the market and ability to get a product made impresses the
    Sharks. He already has over 4000 retail locations for the product, and he has a licensing
    agreement with paint accessories company Frog Tape. Carson is in charge of the day-to-day
    activities, while Jason is in charge of the patents.
    Both Daymond and Blake express an interest in the situation. Daymond, on the other
    hand, does not want to run the company and is worried about who will. He's also apprehensive
    about paying for purchase orders. Blake is intrigued and says that, as an investor, he would fund
    purchase orders. Carson also offers to throw in three additional patented products that he
    developed. Blake believes they require additional funds and offers $200,000 in exchange for a
    quarter of the company. Daymond offers $200,000 in exchange for 17.5 percent of the
    company. They chose Blake because he has a greater stake in the company's success.
    Another example of necessity inspiring innovation is the Touch Up Cup. It's not
    uncommon for entrepreneurs to come up with their best product or business concept by
    solving their own problems. Carson Grill proved to everyone that becoming an entrepreneur at
    such a young age is also possible. With the right guidance and access to knowledge, young
    entrepreneurs can successfully operate their own companies and even apply for a patent.
    The father and son team realized that partnering with a Shark would help them expand
    their company even further. The Touch Up Cup is just the beginning for Carson, Jason Grill, and
    DZ Innovations Inc. Bringing on an investor and business partner will not only increase cash
    flow, but will also enable you to tap into their skills and connections.

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