Pan’s Mushroom Net Worth 2024 Update (Before & After Shark Tank)

Pan’s Mushroom, a Mushroom-based jerky, was started by Michael Pan in 2006. As of January 2024, Pan’s Mushroom net worth is $1.6 Million and they’re pulling in a whopping $3 Million in annual revenue.

On November 20, 2020, they appeared on season 12 of Shark Tank USA and made a deal with Mark Cuban, for $300,000 for 18% equity. The final valuation was $1.6 Million, down from the founder’s initial estimate of $3 Million.

Gives you a delicious umami taste and satisfying texture mushrooms, Pan’s Mushroom is still in business. Their products are available to purchase on the official website.

Pan’s Mushroom Net Worth

Net worth$1.6 Million (2024)
Annual Sales Revenue$3 Million
Profits
Lifetime sales
InvestorMark Cuban
FounderMichael Pan
Employees11 to 50

Pan’s Mushroom Net Worth Timeline

Net Worth 2024$1.6 Million
Net Worth 2022$1.2 Million
Net Worth 2021$1 Million
Net Worth 2020$700,000
Net worth valuation in 2020 after appearing on Shark Tank  $1.6 Million
Net worth valuation in 2020 before appearing on Shark Tank  $3 Million

Pan’s Mushroom Pitch on Shark Tank

ProductMushroom-based jerky
EpisodeSeason 12 Episode 06
Founder Michael Pan
Asked for$300,000 for 10% equity
Company namePan’s Mushroom
Final deal$300,000 for 18% equity
SharkMark Cuban
LocationCamas, Washington

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Pan’s Mushroom Founder

Pan’s Mushroom was founded by Michael Pan in 2006. Pan found the recipe for his business during a trip to Malaysia. He found out that mushrooms are a great replacement for meat so started his business. Pan’s Mushroom’s founder, Michael Pan, has a net worth of $1.6 Million as of 2024.

Key accomplishments

YearAccomplishment
2024Pan’s Mushroom is now available in over 3,500 stores nationwide.
2020Pan’s Mushroom appeared on Shark Tank.

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 of Pan’s Mushroom and its continued success.