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 |
| Investor | None |
| Founders | Cameron Smith and Joel Clark |
| Employees | 50 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 name | Kodiak Cakes |
| Product | High-protein, whole-grain pancake, flapjack and waffle mix |
| Episode | Season 05 Episode 22 |
| Founders | Cameron Smith and Joel Clark |
| Asked for | $500,000 in exchange for 10% equity |
| Final deal | None |
| Shark | None |
| Location | Park 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
| Year | Accomplishment |
| 2016 | In 2016, their sales reached $16 million |
| 2020 | In 2020, they became a company worth $200 million, with their products in more than 26,000 stores |
| 2022 | L Catterton, a private equity firm purchased the Kodiak cakes |
Conclusion
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.