Food - News
What Happened To Three Jerks Jerky After Shark Tank?
By AMBERLY MCKEE
After testing several cuts of meat to find the best-flavored jerky, the founders of Three Jerks Jerky (Daniel Fogelson and Jordan Barrocas) settled on filet mignon jerky for its tenderness and all-over better quality than jerky made from top or bottom round beef. During their appearance on “Shark tank,” the entrepreneurs requested $100,000 for a 15% stake in their company.
The founders accepted Daymond John’s offer of $100,000 for 15% with an additional $100,000 for another 15% should the company choose it. The company sold 150,000 bags of jerky within three weeks of its appearance on the show, earning revenue equal to $1.4 million. However, the price of a two-ounce bag which was $11.99 at the time, has dropped to $11.19 as of September 2022.
When the volume of orders overwhelmed the company’s production capacity, John stepped in to help. The jerky comes in five flavors, including Original, Chipotle Adobo, Memphis BBQ, Maple Bourbon, and Veri Veri Teriyaki. The company, which had $350,000 in sales the year before its "Shark Tank" appearance, has an annual revenue of around $4 million as of September 2022.