Pan’s Mushroom Jerky is a vegetarian, gluten-free, chilled mushroom jerky product featured in Shark Tank Season 12 Episode 6. This brand is working to take plant base mushroom testing to the next level. The founder of Pan’s Mushroom Jerky has asked for $300,000 in Shark Tank for 10% equity in his company’s $3 million valuations.
Mushroom is one of the most popular and expensive groceries, there are many people who include mushrooms in their fitness diet. According to a report of 2020, the market value of mushrooms is estimated to be 45.8 billion, in the coming 2027 it can reach 63.24 billion.
Mushrooms are one of the protein foods, it contains a lot of important nutrients which is useful to keep the human body healthy. This mushroom contains proteins, vitamins, minerals, and antioxidants. Doctors advise eating this mushroom for cancer, diabetes, heart health, pregnancy patent, etc.
What Is Pan’s Mushroom Jerky?
Pan’s Mushroom Jerky is a test and nutrition-packed snack. Pans Mushroom Jerky Founder has a great idea, it is a healthy sustainable snacking for the Hungry world. In 2018, this Pan’s Mushroom Jerky was officially launched with 4 delicious flowers.
This is an original recipe of Mushroom Jerky founder’s family, satisfying the user with this snack. At present, they have many different types of plant-based Mushroom Jerky, which are quite delicious.
The brand is currently selling ORIGINAL, ZESTY THAI, APPLEWOOD BBQ, SALT & PEPPER, TERIYAKI Mushroom Jerky. This is a company of Vancouver, WA, which is coming in the food production category.
this company Made from shiitake mushrooms, Pan’s Mushroom Jerky delivers a delicious umami taste and satisfying meaty texture.
|Company Name||Pan’s Mushroom Jerky|
|Product||Vegetarian, Gluten-Free, Shiitake Mushroom Jerky|
|Asked For||$300,000 For 10% Equity|
|Final Deal||$300,000 For 18% Equity|
|Episode (Shark Tank USA)||Season 12 Episode 6|
|Air Date||November 20, 2020|
|Business Status||In Business|
|Net Worth||$3.5 Million *estimated|
Who Is The Founder Of Pan’s Mushroom Jerky?
Michael Pan started this innovative food startup Pans Mushroom Jerky. Although it is a recipe for his family, the founder Michael Pan has grown this business. The founder comes from an educational and professional background, an electrical engineer working in Washington with his family.
Michael converted his outstanding family recipe into a successful business. Michael has already worked in a very big company and the business experience he got has helped his startup grow.
Michael did his Bachelor of Science (BS), in Electrical and Electronics Engineering at the University of Illinois at Urbana-Champaign. Founder Michael’s vision is clear he knows how to grow his startup.
Pan’s Mushroom Jerky Before Shark Tank
Pan’s Mushroom Jerky was quite successful even before Shark Tank, their success was done at the beginning of the startup. This family recipe product is so delicious that once the customers eat this product, they become addicted to it.
Michael says he generated $750,000 in sales for Pan’s Mushroom Jerky before he got into Shark Tank.
Where Can You Buy Pan’s Mushroom Jerky?
If you are interested to buy this Pan’s Mushroom Jerky, it is available at retailers, and organic foods stores in the United States. This includes small and large. The names of some big offline supermarket stores are Walmart, Whole Foods, and Ralphs, this mushroom is being found in these stores.
Today, Pan’s Mushroom Jerky is being produced in Portland, Oregon, and has 1000 stores available in the United States.
What Happened To Pan’s Mushroom Jerky After Shark Tank?
After Pan’s Mushroom Jerky Shark Tank, its sales got boosted. When he used to sell $750,000 before Shark Tank, he sold $650,000 worth of products in 24 hours immediately after coming to Shark Tank. This vegan mushroom had made sales of $1 million in just 4 days.
Right now their sales report is showing a growth of 50% more than last year’s report. After Shark Tank, their sales grew by more than 50%.
In August 2022, Pan’s Mushroom has become available in 800 locations in the United States.
Founder Michael Pan has a plan that he will expand 1000 locations nationwide by the coming 2 months i.e. November.
Appeared in Shark Tank Season 13 Episode 3 Like the Oat Haus Company, this mushroom jerky participated in the 2022 CoLab class.
After Shark Tank, this company has launched a new product Merchant T-shirt and Stainless Steel Water Bottle. Every 6 months, they are getting their mushroom products available in different supermarkets.
Mark Cuban announced by sharing a video that his two favorite Shark Tank company Snacklins and Pan’s Mushrooms Jerky has been selected in ‘H-E-B grocery’ stores across Texas.
Pan’s Mushroom Jerky Shark Tank Update
Pan’s Mushroom Jerky got a great response in Shark Tank and Mark Cuban is a very good mentor for this business. After Shark Tank, the response of many people was positive about this mushroom and many people have also bought it.
On November 25, 2020, Michael shared a video and told that many people have given good response to this product.
Michael also told that they are a small team who are providing the mushroom manufacturing, packaging and customer support. Michael also said that he will soon grow his team and warehouse.
The day Mushroom Jerky Shark Tank episode aired, it had sales of almost $1 million after a week.
On Jan 10, 2021, this company completed 12,000+ order mark, on Jan 25, 2021 they completed 18,000+ order mark. This company has mentioned on its website that when it’s appear on Shark Tank, they started receiving 375+ orders every minute. They had already completed 21,000 orders on Jan 28, 2021.
In 2021, this company’s annual revenue had gone up to $3 million. This mushroom product is available at 3500 retail stores in the United States and Canada as of October 2022. This includes Krogers, Whole Foods, Walmart, Fred Meyer, QFC Grocery, Foxtrot, Sprouts and many more. As of now, its annual revenue has almost reached to $5 million.
Did Pan’s Mushroom Jerky Get a Deal on Shark Tank?
Michael Pan, the founder of Pan’s Mushroom Jerky, pitched his product to a very nice shark in Shark Tank. The founder had asked for $300,000 in exchange for 10% equity in his company, given the $3 million valuation.
After seeing the growth of this product and its feature needs, Shark did a lot of discussions. The founder asked Shark a lot about the feature plan of this business, and the founder also told him about it. Finally, Shark Mark Cuban invested $300,000 in the company’s $1.66 million valuations in exchange for 18% equity.
What Is The Pan’s Mushroom Jerky Net Worth?
Pan’s Mushroom Jerky Net Worth reached a valuation of $1.66 million after Shark’s investment. After Shark Tank, this company’s sales grew very well, so its net worth is $ 3.5 million. Its growth is increasing continuously, in the coming 2025, we think the valuation of this company can be $8.8 million. The number of shares of this company with Michael Pan can be called his net worth.
How was the experience in Michael Pan Shark Tank?
Michael Pan, through his social media account and interview, revealed his experience as it was in Shark Tank. The founder got respect in Shark Tank, Shark had also praised his product a lot and the founder is very happy with this deal.
Is Pan’s Mushroom Jerky Still In Business?
The business of Pan’s Mushroom Jerky is going on now and it is growing slowly. All the products of this Tasty Vegan Mushroom Jerky Snack went on sale on Shark Tank within a few weeks.
Their products were being sold so much that they ran out of product and they stopped the stock of the product for a few days. Right now they have more than 10 – 30 employees who do the work of manufacturing, packaging, etc.
Yes, Pan’s Mushroom Jerky is still in business as of September 2022.