Traditional FIsheries Shark Tank Summary
|Episode||Season 4 Episode 20|
|Business||seafood distribution company centered around lionfish|
|Entrepreneur||Gary Groomes and Dave Johnson|
|Asked For||$225,000 for 25%|
|Business Status||Out of Business|
What is Traditional Fisheries?
Traditional Fisheries’ main focus was ridding the Caribbean seas and the coast of Florida of invasive lionfish. Humans are the only predators lionfish face in these waters. Traditional Fisheries started up as a plan to solve the overpopulation problem by frying, eating, and creating a growing culinary market for them.
Who Owns Traditional Fisheries?
Dave Johnson, the founder of Traditional Fisheries, is a fisherman from Wayzata, Minnesota. He spent some time in Riviera Maya, Mexico fishing for big game fish like monster Snook. He soon married and moved to the area. Johnson then noticed changes to the Riviera Maya reef and the local fish.
Johnson’s bother-in-laws, all fishermen themselves, also noticed the changes happening to the reef. They reported that the changes might have something to do with the increasing number of curious-looking fish. The fish were, of course, the venomous lionfish native to the Asian Pacific.
It became increasingly clear to Johnson that the preservation of the reef meant the absence of the lionfish. Johnson wondered how best to solve the problem. He eventually thought it might be worth trying to catch and sell the lionfish as food. Johnson’s combination of an environmental cause with a potential business model resulted in Traditional Fisheries.
What Happened After Shark Tank Update
Is Traditional Fisheries Still in Business?
Johnson ran Traditional Fisheries together with fellow entrepreneur Gary Groomes and managed to sell some lionfish as a seafood product. They launched an Indiegogo campaign to raise funds for their work reducing lionfish numbers in the Caribbean. The campaign failed, and, unfortunately, Traditional Fisheries is no longer open for business.