What Happened To Three Jerks Jerky After Shark Tank?

"Shark Tank" is an investment show that follows millionaires and billionaires as they decide which pitches to accept and turn down, per ABC's website. Though not every business walks away with a deal on "Shark Tank," pretty much all of them gain significant publicity after their appearance. According to Forbes, out of 237 businesses interviewed from the first seven seasons of the show, 73% of them didn't get the deal they were promised when their episode was filmed. Of these changed offers, 43% of them didn't go through at all, while 30% of businesses agreed to accept the deal even though it wasn't what they wanted.

Deal or no deal, some businesses doubled and tripled their revenue in the months following their air date, per Inc. During season 6, apparel brand Bombas signed a deal with Daymond John that propelled its business by 250%. "The two months following Shark Tank, we had a huge lift in our business and established a new floor of revenue," founder Randy Goldberg said. When Three Jerks Jerky's beef jerky business appeared on the show, it was no doubt looking for the same type of success.

The company sought another jerk

Three Jerks Jerky is founded by two friends who spent an innumerable amount of time testing cuts of meat to find the best-flavored jerky, per its website. The company settled on filet mignon jerky for its tenderness and all-around better quality than jerky made from top or bottom round beef. When entrepreneurs Daniel Fogelson and Jordan Barrocas dived into the tank, they requested $100,000 for a 15% stake in their company, according to Shark Tank Blog. At the time, the price of the jerky was $11.99, and in the year before its "Shark Tank" appearance, it had $350,000 in sales. Today, the price of a two-ounce bag has dropped slightly to $11.19 each, according to its website.

The Sharks' hilariously asked why the company is called Three Jerks Jerky when only two partners are involved in the business. The entrepreneurs revealed that they cut ties with the other member — perhaps they were hoping a shark could become the third jerk. Luckily for them, four offers poured in, leaving Fogelson and Barrocas to make a choice.

A skyrocketing success

Following a presentation from Daniel Fogelson and Jordan Barrocas, Three Jerks Jerky received offers from Daymond John, Kevin O'Leary, Robert Herjavec, and Lori Greiner (via Shark Tank Blog). After a back and forth discussion, Fogelson and Barrocas accepted John's offer of $100,000 for 15% with an additional $100,000 for another 15% should the company choose it. According to Yahoo! News, Daymond John regards Three Jerks Jerky as one of his favorite companies he's ever invested in.

The success of the business skyrocketed after its episode aired, per CNBC. In three weeks, the company sold around 150,000 bags of jerky, equal to $1.4 million in revenue. The volume overwhelmed the brand's production capacity, but John quickly stepped in to aid the situation. According to its website, the jerky comes in five flavors including Original, Chipotle Adobo, Memphis BBQ, Maple Bourbon, and Veri Veri Teriyaki. Today, the Shark Tank Blog reports that its annual revenue is now around $4 million. It seems like Daymond John's top company is at the top for a reason.