|SEASON 12 EPISODE 6|
|Pitch||vegetarian, gluten-free, Shiitake mushroom jerky|
|Asked For||$300,000 for 10%|
|Deal||$300,000 for 18%|
What is Pan’s Mushroom Jerky?
Its not easy to find a snack as surprisingly delightful as Pans Mushroom Jerky. At its core an idea whose time has arrived, the concept behind Pans Mushroom Jerky is stunningly simple. Healthy sustainable snacking for a hungry world.
Touting a flavorful menu, from the reliably generic Salt and Pepper Mushroom Jerky, to the downright eccentric Zesty Thai, Pans Mushroom Jerky is a fitting replacement to traditional meat-based jerkies in flavor and nutrition which leaves little room for rebuttal, and less still for seconds.
Who Owns Pan’s Mushroom Jerky?
Michael Pan, the innovative force behind Pans Mushroom Jerky, found inspiration in the likeliest of places: his family.
Breaking course from his educational and professional background as an electrical engineer and working from his family home in Washington, Michael transformed a unique and long standing family recipe to the flagship product for a new iteration of a classic snack.
Michael now oversees a successful and still burgeoning business, with Pans Mushroom Jerky available in over 700 stores nationally.
For Michael Pan, the road to riches ran truly through the deeper roots of the forest. Visiting an estranged branch of his family in Malaysia, Pan became familiar with many practices of Buddhist culture, most notably the inherent vegetarianism.
Michael’s family had long ago learnt that the mushrooms which grew locally made a suitable replacement for meat, in taste and nutritional value.
Realizing the value his families recipe had to offer to today’s modern, health-conscious snacker, Michael set about bringing his family secret to store shelves, and we can all be glad he did.
What Happened to Pan’s Mushroom Jerky After Shark Tank Update
Did Pan’s Mushroom Jerky Get a Deal on Shark Tank?
On Shark Tank Season 12 Episode 6, Michael Pan entered the Shark Tank seeking $300,000 for 10% – $3 million valuation – of his vegan mushroom jerky.
He accepted an offer of $300,000 for 18% – $1.66 million valuation, from Mark Cuban.
Is Pan’s Mushroom Jerky Still Business?
Yes! Pan’s Mushroom Jerky is still in business and has continued to grow wildly since appearing on Shark Tank.
Within a week of appearing on Shark Tank, the company had completely sold out their inventory of the tasty vegan mushroom jerky snack.
They have since expanded from a team of 10 employees to 30 in order to help push inventory and facilitate the company’s growth.
Sales and Revenues
According to Michael, in the year prior to appearing on Shark Tank, Pan’s Mushroom Jerky had made $750,000 in sales.
In the 24 hours following the episodes airing, the company had sold $650,000 worth of the vegan mushroom jerky, and 4 days later had reached $1 million in sales.
Where Can You Buy Pan’s Mushroom Jerky?
Pan’s Mushroom Jerky is currently sold in dozens of retailers and organic food stores, big and small including:
- Whole Foods
Since appearing on Shark Tank, Pan’s Mushroom Jerky is now sold in 800 locations around the country is has been rolling out a launch in 1000 new locations worldwide.
Check out the Pan’s Mushroom Store Locator to find a location near you.