Jared Steele loves growing mushrooms, which gave him the idea to create a product that helps people grow their own organic mushrooms at home. He founded Terrashroom, a company that offers eco-friendly mushroom-growing kits and biodegradable chambers.
He appeared on Shark Tank and asked the sharks for $175,000 in exchange for 2.5% equity, valuing his company at $7 million. However, none of the sharks were interested in investing. As of March 2025, the Terrashroom website is no longer accepting new orders.
| Company Name | Terrashroom | |
| Founder | Jared Steele | |
| Founded | 2022 | |
| Product | mushroom grow chamber | |
| Asked For | $175K for 2.5% equity | |
| Final Deal | No Deals | |
| Sharks | No Sharks | |
| Episode (Shark Tank USA) | S16 E4 | |
| Air Date | Nov 8th, 2024 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Austin, Texas, USA | |
| Lifetime Worth (Sales) | $1 Million *estimated | |
| Valuation | $7 Million | |
Who Is The Founder Of Terrashroom?
Terrashroom was officially launched in 2022 by Jared Steele. He comes from a business background and studied Business Management at Texas Tech University. After completing his studies, he worked at Darktrace, a cybersecurity company, before turning his focus to building his own business.
How Was The Shark Tank Pitch Of Terrashroom?
Jared explained that his Mushroom Chamber product provides the ideal environment for growing any type of mushroom, making the process easier. Along with the Terrashroom Chamber, he also offers a Mushroom Grow Kit.
Each chamber costs $158, and the Mushroom Block is priced at $351. The time required to grow mushrooms depends on the type—some take as little as 7 days, while others may take up to 7 weeks.
Jared revealed that this device started as a hackathon project but turned into a business due to high interest from people. Currently, he has 6,500 paid pre-order customers and a waiting list of 22,500 email subscribers.
In 2022, Jared ran Facebook ads for Terrashroom, which resulted in $780,000 worth of pre-orders for 6,500 units. However, he has not yet shipped the products because the development company responsible for building them delayed production.
On Shark Tank, Mark Cuban criticized the product for being oversold and undelivered and decided not to invest. Daniel Lubetzky felt the company’s valuation was too high and opted out.
Robert Herjavec liked the product but lacked confidence in investing, while Lori Greiner believed it was over-engineered and declined as well.
Jared’s last hope was Kevin O’Leary, who offered $175,000 for 15% equity and promised to help secure more orders. Jared countered with $175,000 for 5% equity, but Kevin refused the deal.
Breakdown Sharks Offer
Note: Here’s a quick summary of the offers and counteroffers between the Sharks and Jared Steele:
| Sharks | Offers |
| Kevin O’Leary | No Offer |
| Daniel Lubetzky | No Offer |
| Mark Cuban | No Offer |
| Robert Herjavec | No Offer |
| Lori Greiner | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | No Deal |
Terrashroom Shark Tank Update
After the Shark Tank episode featuring Terrashroom aired, the company gained significant attention, resulting in an increase in pre-orders. However, as of March 2025, Terrashroom is no longer accepting new orders. The company currently has over 25,000 individuals on its waitlist and more than 7,000 paid customers.
Before appearing on Shark Tank, Terrashroom had already raised $429,000 in funding.
