'Shark Tank' Season 12: Mark Cuban seals deal with P-Nuff Crunch founder Juan Salinas, fans call it a 'great story'
When Salinas walked in to pitch for his product, he already had Cuban's complete undivided attention even before he presented due to his wife and family's love for it
Mark Cuban has built a reputation of being a very tough shark to please on 'Shark Tank'. So, to see Cuban go gaga over a product and negotiating really hard to get a stake in the business was nothing short of a delight for fans. In case you're wondering which product elicited such a strong reaction from Cuban, then here's your answer- P-Nuff Crunch. When P-Nuff Crunch's founder, Juan Salinas, walked onto the stage ready to pitch for his product, he already had Cuban's complete undivided attention even before he presented the pitch.
While Cuban was interested in Juan's product, P-Nuff Crunch, due to his wife and family's love for it, Barbara Corcoran was drawn in once Juan ripped his shirt off to prove how he's a bodybuilder and personally consumed P-Nuff Crunch to help him get his dose of protein and maintain his impressive physique. In his pitch, Juan explained how he was actively involved in the food industry as a developer, and how he was unhappy with the products he was creating. Although the food items he was developing for the big firms were without a doubt extremely tasty, they lacked the nutrition. He was also unhappy with the fact that a large chunk of Americans who love snacking were binging on such unhealthy snacks and further deteriorating their health.
So, after obtaining a post-graduate diploma in Sports and Exercise Nutrition, he founded his own company, P-Nuff Crunch, which is a healthy snack food without any nasty ingredients. As soon as Juan was done with his pitch, Cuban jumped in and pitched his offer of $400 K for a 25% stake in the company. Cuban explain his demand for such a high stake in Juan's venture by explaining how he was personally passionate about the product and wanted to put in his best efforts to ensure it gets the success it deserves. Juan was initially hesitant to take up the offer as it was very huge equity that Cuban was demanding of him, but when the other sharks pointed out how it was a great deal, and Cuban's personal interest would add a lot of value to his venture, Juan decided to take up the offer and closed the deal with Cuban for an investment of $400K in exchange for 25% equity in his company.
Fans were happy with Juan's decision and expressed their excitement to try out the snack. A fan tweeted, "I wanna try @pnuffcrunch! Sounds vegan #sharktank @ABCSharkTank." Another fan wrote, "@pnuffcrunch Great story and deal with #MarkCuban!! #sharktank." "OMG, @pnuffcrunch is on #SharkTank. My friend was telling me about this snack the other day & I couldn't find it at my local store. Glad he got a deal with my favorite shark @mcuban #PNuff #PNuffCrunch," expressed a fan.
OMG, @pnuffcrunch is on #SharkTank . My friend was telling me about this snack the other day & I couldn't find it at my local store. Glad he got a deal with my favorite shark @mcuban #PNuff #PNuffCrunch— 🇳🇬 Uzo 🇺🇸 (@wtfjag) October 24, 2020
'Shark Tank' Season 12 airs every Friday at 8/7c only on ABC.