Yubo Shark Tank Pitch
Yubo is a lunch box company that designed a better solution eliminating the need for plastic baggies and making easy to clean lunch boxes. The box is designed to change the look on the fly, making them appealing to kids. The lunch box makes for a perfect container and has no hinges or zippers to break.
Yubo comes with two models, the base for $21.95, and a customized lunch box that costs up to $40. The lunch Box comes apart and goes into the dishwasher. Robert Herjavec comments on the great design.
Cindy and Paul Pedrazzi have a patent on the Yubo design as well as the utility patent. They have 100 retail stores and international sales. They are going to do between $2-250,000 for the year. Cindy and Paul have invested $350,000 of their own money into the product. They did not have cash for the designer so they gave him 20%, plus he has a 5% of net sales that goes down to 1%.
Yubo Episode Data
- Company: Yubo –Website
- Entrepreneur: Cindy and Paul Pedrazzi
- Ask: $150,000 for 15% equity
- Episode Season 5 Episode 510
- Companies in this episode:
- Yubo
- Pursecase
- Chocomize
- Grace and Lace
- Drop Stop – Featured Update
- Sharks:
- First Aired: 11/22/2013
- Deal: Robert Herjavec and Kevin O'Leary $150,000 for 15% that goes to 10% if they pay the $150,000 back in eighteen months.
What do the Shark Tank Investors say about Yubo?
- Mark Cuban – tells them that this is such a competitive industry, and the idea of a perpetual royalty is bad. He is out. Mark tells them that all the products are of interest to Disney and they vet them all.
- Barbara Corcoran – thinks the lunch box is too big. She is out.
- Kevin O'Leary – is interested in the deal so he is making an offer for $150,000 for 10% equity plus he wants the same royalty as the designer has. Paul doesn't think the royalty is sustainable. Kevin changes the deal, he offers $150,000 for 20% and they can slide down to 12.5% if they pay him back his money in 18 months. Kevin offers to reduce his equity to 10% if they do pay it back.
- Lori Greiner – comes in with her offer of $150,000 for 20% equity and she has a relationship already with Disney. Lori comes back and says she will go $150,000 for 15% and they have to pay back the $150,000 in fifteen months.
- Robert Herjavec – makes on offer of the $150,000 for 30% equity. Robert goes down to $150,000 for 15% and they don't have to pay him back. Paul asks the Sharks to team up, and Robert offers to go in on Kevin's deal.
Yubo after Shark Tank
Yubo is selling all over the USA, Internationally and on websites like Amazon. The company has the lunchbox featured on numerous shows and in publications.