'Shark Tank': Mark Cuban and Lori Greiner get Simply Good Jars deal, fans call it same as 'McDonald's salad shaker'
Jared Cannon, the founder of Simply Good Jars, a food company that prepares and packs salads in jars, entered the 'Shark Tank' with hopes of reeling in a shark to not only invest in his company but also help his business grow and scale up.
By now the sharks have seen several food products' pitches, so it definitely takes a lot to surprise or impress them but Jared managed to do both with his tasty yet delicious salads. When he told the sharks that he was a chef who could prepare food that they would love, he really meant it. He then pointed at the salad jars that were before the sharks and encouraged them to shake the jar before digging into it. The sharks were pleasantly surprised by how beautifully the various ingredients mixed right inside the jar, and also the salad's taste won over every shark. Fans, however, have some questions over the product.
RELATED ARTICLES
While the sharks were very impressed by product's presentation, packaging, and taste, they, unfortunately, weren't very pleased with the numbers. Jared came in seeking $500K for a 7% stake. When he revealed that his company didn't make any profits but instead suffered a loss of $900K the previous year, Robert Herjavec and Daymond John immediately saw the red flags and opted to sit out of the deal.
Fans began pointing out how Simply Good Jars' packaging and concept seemed to be identical to McDonald's salad shakers, and weren't very impressed with it. A fan tweeted, "MacDonalds tried the salad shaker back in the day and it didn't work, not sure why this guy's idea would either. #SharkTank." Another fan echoed similar thoughts with, "I worked at McDonald's when they had the shaker salads. That's all this is just fancier lol. #SharkTank." "Not the salad guy. Did he say he’s selling to retail now? We already have salads in cellophane packs selling @ retail for less than the jar #SharkTank," wrote a fan. "#SharkTank Simply Good Jars (salad in a jar) is very similar to @FarmersFridge," shared a fan
MacDonalds tried the salad shaker back in the day and it didn't work, not sure why this guy's idea would either.#SharkTank
— Will Lewis (@WillLew51464805) March 6, 2021
I worked at McDonald's when they had the shaker salads. That's all this is just fancier lol. #SharkTank
— Linda (@mzcaramelbunni) March 6, 2021
Not the salad guy. Did he say he’s selling to retail now? We already have salads in cellophane packs selling @ retail for less than the jar #SharkTank
— mephinn (@mephinn) March 6, 2021
#SharkTank Simply Good Jars (salad in a jar) is very similar to @FarmersFridge 🤔
— 🇺🇸🏳️🌈‼️Reality Check®️‼️🏳️🌈🇺🇸 (@Reality_ChekPlz) March 6, 2021
Kevin O'Leary however saw an opportunity in the business turning out to be a profitable venture, and decided to make an offer that relied heavily on raising more funds. Kevin decided to throw in an offer of $500K as a loan at 9.5% interest for 7% stake. Lori too seemed interested in making an offer, but wanted to team up with Kevin for the same offer. Lori argued that she could do amazing marketing and focus on bringing in more sales, while Kevin could focus on raising more funds. Although Jared liked their offer, he wanted to hear Mark Cuban's offer.
Mark too initially decided to do the same offer as Kevin, that is give out $500K as loan but for 3% interest. However, he was very much against raising more funds and wanted to focus on expansion and growing the sales. He then tweaked his offer and decided to give $500K in exchange for 7% stake. Lori liked Mark's suggestion of not raising funds, so the duo teamed up, and made a joint offer of $500K for 10% stake. Jared immediately seized the deal, and walked out of the tank happily.
'Shark Tank' Season 12 airs every Friday at 8/7c only on ABC.