In a recent episode of ABC’s “Shark Tank,” Mark Cuban found a kindred spirit in a young entrepreneur and made a significant investment.
What Happened: On Friday’s episode of “Shark Tank,” Justin Huang presented his product, Cup-a-Bug, to the investor judges. The device allows users to trap bugs without harming them, similar to using a cup and a piece of paper, but from a distance, reported CNBC on Monday.
Huang, a self-proclaimed “bug sympathizer,” sought $50,000 in exchange for 10% of his business. He explained that the device, which retails for $40, had already brought in $48,000 by the time of filming, with a significant boost from TikTok virality.
Despite initial nerves, Huang’s pitch impressed the investors, including Cuban, who offered $50,000 for a 20% stake in Cup-a-Bug. Cuban later increased his offer to $75,000, which Huang accepted.
"I want you to myself. Geek to Geek,” Cuban added.
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Reflecting on their shared aversion to killing bugs, Cuban praised Huang’s drive to keep learning in his downtime.
“I feel bad when I squish a bug, too,” Cuban said. “That could be an ancestor of mine, for all I know, coming to visit me.”
Why It Matters: This is a significant development as Cuban, who has been a regular on “Shark Tank” since season 3, announced his departure from the show after its 16th season. This investment in Cup-a-Bug is one of his last on the show.
Outside of “Shark Tank,” Cuban has built a colorful portfolio of startup investments, leveraging his refined business sense to build a $6.2 billion empire. His advice to entrepreneurs is to keep grinding and be curious, a philosophy that seems to resonate with Huang’s approach to his business.
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