|SEASON 8 EPISODE 8|
|Pitch||online marketplace and support for young entrepreneurs|
|Asked For||$50,000 for 10%|
|Deal||$50,000 loan at 2% interest|
In 2014, Jack Bonneau was just an 8 year old kid who wanted his own Lego Star Wars Death Star. The $400 Lego Star Wars Death Star was well beyond his means at the time, so he asked his father. His father agreed to buy it, but only if Jack earned the money himself.
With the help of his father, Jack set up a lemonade stand at their local farmer’s market. After 12 weeks of hard work, Jack had made $900.
After a positive experience with his farmer’s market lemonade stand, Jack was inspired to share his experiences with other kids, help them start their own businesses and learn about entrepreneurship.
Eventually Jack’s Stands and Marketplaces expanded and grew beyond lemonade into anything his fellow kid entrepreneur’s could create and sell. Within just a few years, Jack was well on his way towards $100,000 in revenue.
Jack appeared on Shark Tank in 2016 alongside his father, Steve Bonneau – a serial entrepreneur with over 25 years of experience. Together they pitched Jack’s Stands & Marketplaces to the Sharks who were impressed with the young entrepreneur’s business savvy and entrepreneurial spirit. None were more impressed than guest Shark and billionaire investor, Chris Sacca, who struck a deal with Jack, offering a $50,000 loan at 2% interest.
Jack’s Stands and Marketplaces After Shark Tank – Where Are They Now?
Jack has been hard at work building relationships with various organizations, charities, and sponsors, sharing his story and continuing to encourage kids to explore entrepreneurship.
As part of his deal with Chris Sacca, Jack started a video podcast to share his experiences with kids online.
Move Over UberEats, Postmates and DoorDash – Teen Hustlers Are Here to Deliver
Now in his teens, Jack has moved on to his second startup, Teen Hustl. Teen Hustl is a last mile delivery service that exclusively employs teenagers to deliver from restaurants and grocery stores to homes and businesses.
Teen Hustl also picks up Amazon Locker deliveries for customers and handles Amazon returns from customer’s home. Their teen couriers also use e-scooters and bicycles for transportation, making Teen Hustl the most eco-friendly last-mile delivery service on the block.