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 | – |
| Investor | Mark Cuban |
| Founder | Michael Pan |
| Employees | 11 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
| Product | Mushroom-based jerky |
| Episode | Season 12 Episode 06 |
| Founder | Michael Pan |
| Asked for | $300,000 for 10% equity |
| Company name | Pan’s Mushroom |
| Final deal | $300,000 for 18% equity |
| Shark | Mark Cuban |
| Location | Camas, Washington |
Don’t miss these products from Season 12
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
| Year | Accomplishment |
| 2024 | Pan’s Mushroom is now available in over 3,500 stores nationwide. |
| 2020 | Pan’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.
