What has happened to Pan's Mushroom Jerky after Shark Tank? All you need to know

Pan's Mushroom Jerky has become popular among Americans who are vegan. This comes after the founder, Michael Pan, successfully pitched his business idea to investors during the 12th season of the Shark Tank show. Luckily for him and his business, he caught the interest of a business investor. So, what has happened to Pan's Mushroom Jerky after Shark Tank?

Key takeaways

• Pan's Mushroom Jerky is a plant-based snack made of shiitake mushrooms.
• With a unique recipe developed by the founder's family, it has a satisfying umami taste and meaty texture.
• The product is certified vegan and is reportedly rich in vitamin D and fibre. It is also gluten and soy-free and contains high paleo and kosher.

History of Michael Pan's Mushroom Jerky

Michael Pan, the founder of Pan's Mushroom Jerky, spent almost all of his life in the United States of America, schooling and working to make ends meet. His life changed when he visited his family in Malaysia and was introduced to some of his family's culture, traditions, and history.

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The mushroom he was introduced to in Malaysia left a big impact on his life. Some of his family members, who were vegan Buddhists and monks, asked Michael Pan to try the mushrooms out.

Michael Pan discovered that mushrooms were rich in antioxidants, fibre, and vitamins that would fit the diet of most vegan families.

After he returned to his Vancouver, Washington, residence in America, Michael turned his discovery into a business. He used the shiitake mushroom as his base ingredient and established Pan's Mushroom Jerky with four flavours in 2018.

In 2020, Michael Pan went to Shark Tank, an American business reality television series. First, he laid out his business to investors Lori Greiner, Mark Cuban, and Mycoskie, who became interested after tasting the product.

Michael Pan sought a $300,000 investment from any of them in exchange for 10% equity in his business.

What has happened to Pan's Mushroom Jerky after Shark Tank?

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After Michael settled to take Mark Cuban on his $300,000 investment for an 18% stake in his business, his product sales significantly increased.

Within 24 hours of reaching an agreement, Pan's Mushroom Jerky's revenue was $650,000 in sales alone. In four days, the business hit $1 million in sales.

The masterful input of Mark Cuban, aside from the financial investment, helped the business to become more visible in America. As a result, it received wide patronage after the show to the extent that it did not meet the demands of the orders placed by customers until around March 2021.

What happened to Pan after Shark Tank?

With the high demand for Pan's Mushroom Jerky, other factors of production had to increase, such as employing more staff.

According to NIST (National Institute of Standards and Technology), Pan's Mushroom Jerky expanded to over 3,000 stores across America. The company now produces a variety of flavours to meet the preferences of different customers. The flavours include Original, Zesty Thai, Applewood BBQ, Salt & Pepper, and Teriyaki.

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Pan's Mushroom Jerky's net worth

According to Shark Tank Talks' website, Pan's Mushroom Jerky's net worth is about $3.5 million. This is more than a 400% increase from its valuation before the Shark Tank show.

Is Pan's Mushroom Jerky still in business?

Yes, it is. It is now in over 3,500 stores across the United States of America. Pan's mushroom business has made gigantic financial leaps since appearing on Shark Tank.

The business has signed retail contracts with big retail stores online and offline, like Amazon, Kroger, Walmart, and Whole Foods. In early 2025, Pan's Mushroom Jerky launched a crowdfunding campaign through SMBX to further fuel the company's growth.

Who owns Pan's Mushroom Jerky?

Pan's Mushroom Jerky's owner is Michael Pan. He is of Malaysian descent but was born and raised in Vancouver, Washington, DC.

Michael Pan attended Starkville High School between 1993 and 1997 before studying Electronics Engineering at the University of Illinois Urbana-Champaign, where he obtained a bachelor's degree in 2001.

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According to his LinkedIn profile, Michael worked with various organisations and with different job descriptions. He interned at Motorola before graduating from college and worked with a startup known as Raymond Professional Group for five months after graduation.

He eventually returned to Motorola and worked in the Design Team Leader and Electrical Engineer positions between 2001 and 2006.

After that, Michael Pan moved on to Continental and worked first as a design team lead and later as an engineering manager and technical project lead between 2006 and 2012.

The CEO later worked as the Vice President of Products at Fancred for about three years and five months.

Pan's Mushroom Jerky's reviews

Pan's mushroom has received various reviews from its customers, many of which have been positive. On the other hand, there have been complaints, especially regarding the price.

The product is one of the go-to products for vegans who desire to try something new, healthy, and nutritious. Two sample Amazon reviews are shown below.

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I love this stuff. The taste is great and I love the chewy texture. I’d buy more of it if it was a little less expensive. - Suzanne Thompson

Just revieved a bag. They taste amazing and the texture if spot on. Main issue is for $8 I only get 1 serving which I ate in one sitting. - FunWithAJ

Is Pan's Jerky successful?

Yes, the business is generally considered successful. Following Michael Pan's appearance on Shark Tank, the business has been doing well.

Is Mark Cuban still involved in Pan's Mushroom Jerky?

Mark Cuban is still involved with Pan's Mushroom Jerky. He serves as an advisor and investor.

How much money has Pan's Mushroom Jerky made?

Pan's Mushroom Jerky made over $1 million in sales within days following Michael's appearance on Shark Tank.

What happened to Pan after Shark Tank?

Pan's Mushroom Jerky experienced significant growth and expansion after Shark Tank.

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Is Pan's Jerky healthy?

Pan's Mushroom Jerky is generally considered a healthy snack. It is full of nutrients that support healthy living.

Pan's Mushroom Jerky is made from shiitake mushrooms, which are famous for their savoury flavour. The founder's family has used the recipe for many decades. What has happened to Pan's Mushroom Jerky after Shark Tank? Well, the business is still running and thriving.

Yen.com.gh recently published Scrub Daddy’s net worth. Scrub Daddy is the third-biggest sponge provider in America. The company provides cleaning tools like smiley face erasers, sink dispensers, scrubbers, sponges, and accessories.

Scrub Daddy was founded by Aaron Krause in 2012. These products generated the most revenue of any item successfully presented on the ABC reality television programme Shark Tank in 2019.

Source: YEN.com.gh