Kodiak Cakes, a healthier pancake mix, was started by Cameron Smith and Joel Clark in 1982. As of September 2023, Kodiak Cakes’ net worth is $160 million, and in 2020, Kodiak Cakes projected $200 million in revenue. 

In April 2014, they appeared on Season 05 of Shark Tank USA, seeking $500,000 in exchange for 10% equity, valuing the company at $5 million. However, the Sharks were interested in something other than investing in Kodiak Cakes. All Sharks offered many deals, but Cameron Smith and Joel Clark rejected all the contracts; hence, they had to go without any deal.

In 2022, Kodiak Cakes was acquired by a new company. However, As of September 2023, the company is still in operation.

Kodiak Cakes Net Worth

Net worth$160 million (2023)
Annual Sales Revenue$200 million 
Profits$54 million (2017)
Lifetime sales$100 million
FoundersCameron Smith and Joel Clark
Employees50 employees

Kodiak Cakes Net Worth Timeline

Net Worth 2023$160 million 
Net Worth 2022$160 million
Net Worth 2021$155 million
Net worth valuation 2014 before appearing on Shark Tank  $5 million

Kodiak Cakes Pitch on Shark Tank

Company nameKodiak Cakes
ProductHigh-protein, whole-grain pancake, flapjack and waffle mix
EpisodeSeason 05 Episode 22
Founders Cameron Smith and Joel Clark
Asked for$500,000 in exchange for 10% equity
Final dealNone
LocationPark City, Utah

Don’t miss these product from Season 05

Kodiak Cakes Founders

Kodiak Cakes was founded by Cameron Smith and Joel Clark in 1982. Cameron Smith and Joel Clark are friends, and Joel Clark founded this company in 1997 while attending the University of Utah. In 2009, Simth joined this company, and according to their LinkedIn profile, both stepped down from CEO and President positions in the company and handed over this brand to Valerie Oswalt, Kodiak’s present CEO. Kodiak Cakes’s founders, Cameron Smith and Joel Clark, have a net worth of 160 million USD as of 2023.

Key accomplishments

2016In 2016, their sales reached $16 million
2020In 2020, they became a company worth $200 million, with their products in more than 26,000 stores
2022L Catterton, a private equity firm purchased the Kodiak cakes


From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Kodiak Cakes and its continued success.

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