Dave Goodman invented Coco Jack to make it easier to open coconuts. He pitched the product on Shark Tank in 2015, asking for $125,000 in exchange for 10% equity.
While Mark Cuban offered $125,000 as a convertible debt deal, the agreement was never finalized. Despite early success, Coco Jack faced challenges, including knockoff products and inventory issues, which hindered its growth.
By 2017, the company became inactive, with its website and social media accounts shut down. As of 2025, Coco Jack is no longer in business, and no updates have been shared about the brand or its founder.
Coco Jack Net Worth
| Net worth | $500,000 (2015) |
| Investor | Mark Cuban |
| Founder | Dave Goodman |
Coco Jack Pitch on Shark Tank
| Company name | Coco Jack |
| Product | Coconut opener kit |
| Episode | Season 06 Episode 21 |
| Founder | Dave Goodman |
| Asked for | $125,000 for 10% equity |
| Final deal | $125,000 for 25% equity |
| Shark | Mark Cuban |
| Location | Buffalo, Wyoming |
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Coco Jack Founder
Coco Jack was founded by Dave Goodman in 2013. Dave holds a bachelor’s degree, majoring in Music. He is a classical musician, composer as well as and orchestra conductor.
Nevertheless, he also possesses entrepreneurial skills. While living in Huwai, Dave came up with the idea of Coco Jack. Coco Jack’s founder, Dave Goodman’s net worth is unknown as of 2025.
Key accomplishments
| Year | Accomplishment |
| 2015 | Coco Jack got featured on Shark Tank and secured a deal |
Conclusion
Some companies that appear on the show have not achieved great success, and the Coco Jack was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera.
Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Coco Jack went out of business in 2018. And the product is no longer available in the market.