On Shark Tank, an entrepreneur has the opportunity to pitch their business idea to a group of investors – the sharks. If the sharks like the idea, they may invest in the company. In this blog post, we will take a look at one of the businesses that were featured on Shark Tank: Pan’s Mushroom Jerky. Pan’s Mushroom Jerky offers delicious vegan jerky made from shiitake mushrooms. The jerky is non-GMO, gluten-free, and contains no artificial flavours or preservatives. Pan’s Mushroom Jerky is high in protein and also rich in vitamins and minerals. It is a great snack for those who are looking for a healthy alternative to traditional meat jerky.
Mushroom Jerky Shark Tank Appearance
Pan’s Mushroom Jerky earned the attention of the sharks on Shark Tank when it was pitched by entrepreneur, Michael Pan on episode 6 of season 12 of Shark Tank in 2020. Michael wanted to integrate Malaysian ingredients along with healthy vegetarian options, such as mushrooms as a substitute for meat. Michael developed the product, mushroom jerky, as a meat substitute. Thereafter, Pan’s Mushroom Jerky was established in 2018. On the show, Michael asked for $300,000 for a 10% stake in his company. Mark Cuban considered the option of an 18% share after Pan negotiated down from Cuban’s original offer of a 25% stake in the company.
Mushroom Jerky Post-Shark Tank
Pan’s Mushroom Jerky skyrocketed in popularity soon after Michael accepted Cuban’s offer. For instance, the company sold approximately 650,000 USD worth of jerky within the first 24 hours after the episode aired. Over 1000,000 USD in sales was generated after four days after the episode aired. According to the company’s website, they were met with significant demand for the product. Pan’s Mushroom Jerky could only handle a backlog of 33,000 outstanding orders around the first quarter of 2021. The product has been featured in several media publications, and national television shows and can be found in retail stores across the United States. Pan’s Mushroom Jerky is an inspiring example of innovation, entrepreneurship and business success, proving that anything is possible with hard work and dedication.
For more information about Pan’s Mushroom Jerky, visit pansmushroomjerky.com. There is a wide range of flavours to choose from, ranging from curry and Thai flavours. You can also follow them on social media to stay up-to-date on the latest news and product offerings! These products are also available in the Philippines, you can visit ubuy.com.ph. So whether you’re looking for a delicious snack or just some inspiration, be sure to check out Pan’s Mushroom Jerky – entrepreneurship never tasted so good!
This update was written by FilipinoWealth and is not endorsed by Pan’s Mushroom Jerky© (2022), Shark Tank© ABC Television Network (2022), or any of its affiliates. All opinions expressed belong solely to the author. All Rights Reserved.
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