Pan’s Net Worth Shark Tank Update 2025

Many people love snacking, but it’s often hard to find snacks that are both tasty and healthy. A lot of snacks in the market are loaded with unhealthy fats, artificial flavors, or are full of preservatives. People who follow a plant-based diet have even fewer good options. Finding a meat-free snack that still has a good, meaty taste and texture is a real challenge. This is where Pan’s Mushroom Jerky comes in. It offers a unique solution to a common problem.

Pan’s Mushroom Jerky is a snack made completely from shiitake mushrooms. It is plant-based, chewy, full of flavor, and surprisingly similar to traditional beef jerky. When Michael Pan brought this product to Shark Tank, it stood out. The sharks were curious. Michael asked for a $300,000 investment in return for 10% of his company.

By the end of the episode, he made a deal with Mark Cuban for $300,000 in exchange for 18% equity. In this article, we will look at how Michael presented his product, how the sharks responded, and what happened after the show.

Pan’s Net Worth Shark Tank Update 2025

Michael was looking for an investment of $300k in exchange for 10% equity in the company. At the time of the episode, he valued his company at $3 million. Michael successfully secured a deal with Mark Cuban for an investment of $300k for 18% equity in the company. The investment adjusted the company’s net worth to around $1.67 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Pan’s Mushroom Jerky is around $4.5 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Mark Cuban	1# $300,000 for 25% equity 2# $300,000 for 18% equity	$300,000 for 15% equity	Yes
Lori Greiner and Blake Mycoskie	$300,000 in exchange for 30% equity	N/A	No
Kevin O’Leary	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Lori Greiner	$300,000 for 15% equity	N/A	No

Michael Pan Backstory + Their Initial Pitch 

Michael Pan grew up loving snacks like many of us. But things changed when he visited his family in Malaysia. While spending time with his relatives, he was introduced to a homemade mushroom jerky recipe passed down through generations. The taste shocked him. It was delicious and satisfying. Even though it had no meat, it felt just like jerky. That’s when the idea hit him: what if more people could enjoy this snack?

Starting the business was not easy. Michael had to perfect the recipe for a broader audience. He worked hard to make sure the texture and flavor could compete with meat-based jerky. There were times when he wasn’t sure the idea would work. He had to face the usual problems of starting a business, like finding manufacturers, managing costs, and creating brand awareness. But he kept going.

On Shark Tank, Michael came prepared. He explained how his product was made from shiitake mushrooms, which are naturally flavorful and chewy. He highlighted that it was vegan, gluten-free, and had no artificial ingredients. Michael shared his journey and talked about how the business had been growing. He mentioned past sales figures to show progress.

In 2018, the company had $300,000 in sales, then $755,000 in 2019, and by the time he appeared on the show in 2020, he had already done $620,000 that year, with a goal of reaching $1.5 million.

Michael’s passion and product impressed the sharks. The taste was a surprise hit. Many of them said it tasted like real meat jerky. His ask was $300,000 for 10% equity. While some sharks loved the taste, not all were willing to invest.

Queries + Shark’s Responses, and Final Deal

Kevin O’Leary was the first to speak. He liked the idea but didn’t want to invest. He explained that the food business is very competitive and hard to scale quickly. So, he went out.

Daymond John also decided not to invest. He appreciated the product but didn’t see how he could add value to the business. He felt that others would be better partners for Michael.

Daniel Lubetzky also passed on the deal. He thought the jerky was tasty, but had concerns about the tight profit margins. At that time, the company was only making around 10% profit. He didn’t think that was enough.

Blake Mycoskie and Lori Greiner saw potential and teamed up. They offered $300,000 for 30% equity. They liked that the product was different and had already been doing well in sales. They thought they could help bring it to bigger stores.

Mark Cuban jumped in next. He offered $300,000 for 25% equity. He believed in plant-based products and thought this one had a bright future. Michael liked Mark’s offer, but still wanted to hold onto more of his company. So, he countered Mark with 15%. Mark said he couldn’t go that low, but after a short discussion, they settled on 18%.

Michael accepted the deal with Mark Cuban. It was a big moment for him and his brand.

Product Availability

Pan’s Mushroom Jerky is made from shiitake mushrooms. The mushrooms give the jerky a chewy texture and deep flavor. It’s a great snack for people who want to avoid meat but still crave something savory and filling. The product is completely plant-based, gluten-free, and made without artificial additives.

The jerky comes in different flavors, such as Zesty Thai, Original, Salt & Pepper, and Teriyaki. Each pack is full of umami flavor, which makes it feel like you’re eating real meat jerky, even though it’s made from mushrooms.

You can buy Pan’s Mushroom Jerky online through their official website and Amazon. After the Shark Tank episode aired, demand skyrocketed. In just 24 hours, the company made $650,000 in sales. A few days later, total sales crossed $1 million. That shows how well the audience received the product.

You can also find Pan’s Mushroom Jerky in stores. It is available in Whole Foods in Oregon, Washington, Southern California, Arizona, Nevada, and Hawaii. It’s also sold in HEB stores throughout Texas. Prices for the jerky vary, but most packs are between $7 to $9.

What Happened To The Pan’s After Shark Tank?

The company saw massive growth after Shark Tank. As mentioned earlier, it made $650,000 in 24 hours and over $1 million just days after the episode. That shows the power of Shark Tank in promoting new and exciting products.

Michael used the momentum to grow his brand. The deal with Mark Cuban helped him expand into more stores and increase production. With Mark’s support, Pan’s Mushroom Jerky reached more people and improved its supply chain.

The company also launched new flavors and started selling merchandise. Customers loved the snack and came back for more. Their online store became very active. The business also worked on improving its profit margin by finding better ways to produce and package the jerky.

As of today, Pan’s Mushroom Jerky is still in business and doing well. It continues to grow and introduce new flavors. It stands as one of the most successful snack products to appear on Shark Tank.

Conclusion 

Michael Pan came to Shark Tank with a mission. He wanted to share a family recipe with the world. His mushroom jerky offered something new for people who are looking for healthy, plant-based snacks. The sharks liked the taste, and after some negotiation, he made a deal with Mark Cuban.

Since then, the business has grown fast. The episode brought national attention to the product. Sales went through the roof, and Michael used that success to reach more customers and improve his company. The jerky is now available in many stores and online.

Michael’s story shows that with passion, a strong product, and the right investor, great things can happen. Pan’s Mushroom Jerky went from a homemade recipe to a growing national brand. And it all started with a simple idea: turning mushrooms into jerky that everyone can enjoy.