‘Shark Tank’ Season 12: Pan's Mushroom Jerky nabs $300,000 deal, but why did Lori Greiner yell at Mark Cuban?
Blake Mycoskie and Lori Greiner made a wonderful offer for Michael Pan but Mark Cuban swooped in and grabbed the deal
Can an entrepreneur from Portland, Oregon, successfully sell the Sharks on his vegan version of a classic grab-and-go snack? “Shiitake mushrooms are known for their dense, fibrous texture and their savory umami flavor, which is why the Pan family has been using them in their jerky recipe for decades,” the official website reads. “Umami, or savoriness, is the fifth taste after sweetness, sourness, bitterness, and saltiness. Other umami-rich foods include meats, seafood, and cheese. While Pan's Mushroom Jerky doesn't contain any meat, the flavor and texture of our jerky will leave you feeling satisfied!”
Pitching his product on the ABC show, Michael Pan opened up about his product that is “near and dear to his heart.” No sooner did he reveal it had mushroom, Lori said, “I love it!” When she asked if there anyone else doing it, he said there are a few but he is looking to grow. Seeking $300,000 for a 10% stake, Pan describes how his product is just the perfect fit for a family.
Blake Mycoskie and Lori Greiner soon decided to be “special partners” and offered a 30% stake with 15% for both each. Tweeting why partners are important, Lori said, “The best partners are always ones that are REALLY passionate about your business!” But Mark Cuban had a better offer: He offered $300,000 for a 20% stake if he said yes now. It soon leads to a huge fight and Kevin O'Leary advises him it depends on how much equity you want.
“Plain and simple: the Sharks are ready to BITE. Tune in tonight to see what happens next!” the video teaser from the show revealed. One fan even said, “Two investors aren’t necessarily a good thing. Mark has every connection in this industry and he is asking for less equity. I hope he went with Mark.”
The clash sparked a fight between Lori and Mark and the two couldn't stop arguing. Lori felt Mark shouldn't have swooped in to make an offer and yelled at him. Mark defended himself saying he is a vegetarian and he loves it. Michael asked for a 15% stake from Mark which was counteroffered with an 18% stake. Not one to let go of it, Lori offered him a 15% stake but he chose to go with Mark. Looking at how desperate Lori was to get it, Kevin O'Leary joked, “You just got Shiitake-ed!” Looking at how badly she wanted it, did Lori deserve the deal?
After the fiasco, one fan joked, “The last time I saw someone get whacked like that was watching Goodfellas.” Another posted, “Sometimes I think #Mcuban just likes to win no matter what.” A third said, “I would eat the hell out of this mushroom jerky #SharkTank.” The official handle posted, “Call the lifeguard, there’s been a SHARK ATTACK!” and Lori tweeted, “Nooooooooooo!!! Think this might be the 1st time I actually screamed in the tank!!”
I would eat the hell out of this mushroom jerky #SharkTank— amrik only tweets tiger. (@amriksahni) November 21, 2020
‘Shark Tank’ Season 12 Episode 6 premiered on November 20, 2020, from 8 pm ET to 9 pm ET on ABC. Episodes can also be viewed the next day on demand and on Hulu. Not just that, you can also watch old seasons and episodes on Amazon Prime and iTunes.