‘Shark Tank’ contestant seals $200,000 deal with Daymond John — then lifts him up in wild moment

Daymond John loved the product from the moment he tasted it and was eager to get involved with the company.

PUBLISHED 5 HOURS AGO

Screenshots showing the entrepreneurs and Daymond John on "Shark Tank." (Cover image source: YouTube | Shark Tank Global)

One usually doesn’t see an entrepreneur pick a Shark off the ground on "Shark Tank," but that is exactly what happened in an earlier episode of the show. The entrepreneurs’ product was beef jerky, and Daymond John absolutely loved it as soon as he tasted one. You could say that he truly wanted to be a part of this business, as he kept on changing his offer to make it more favorable to compete with the others.

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The entrepreneurs were Jordan Barrocas and Daniel Fogelson, and they sought $100,000 for a 15% stake in their company, Three Jerks Jerky. It used to be a team of three, but one of the partners was booted. The unique thing about this jerky is that it didn't contain half of the chemicals and preservatives that similar products on the market had at the time. Also, they use the most exquisite cut to make their jerky, the filet mignon.

Since they use the most premium cut, this jerky was a premium product that was priced at double the cost of a normal bag of jerky. It was clear when the Sharks tried it, as they were all completely blown away by how good it tasted. The company had recorded a decent sales figure of $350,000 in the past 12 months at the time of taping, and they did not have a crazy valuation.

Screenshot showing the product. (Image credit: YouTube | Shark Tank Global)

Mark Cuban was the only one who did not offer them a deal, as he believed the company was too nascent and there was going to be a lot of work to be done. Every other judge wanted to take that risk. Kevin O’Leary was the first to offer $100,000, but he wanted a third of the business. He increased his investment amount to $150,000 as more offers came flying in.

Robert Herjavec loved the product as well, and he offered $100,000 for 20%. Daymond John and Lori Grenier also followed suit. John perhaps had the most expressive reaction after eating the jerky. It was a food item that he had grown up eating and loved still. He knew the product well and believed that he had the right contacts to make it big. The investor made an improved offer in which he only asked for 17.5% of the company.

Screenshot showing the sharks. (Image credit: YouTube | Shark Tank Global)

That’s when the entrepreneurs raised a unique question: would John have the incentive to work hard for the company for a small stake? John appreciated the question and made a counteroffer. He would pay $100,000 for 15% at the moment and then another $100,000 for another 15% later. That would allow the entrepreneurs to see how dedicated he was, and the Shark could cash in for a bigger part of the company if it went big.

Grenier and Herjavec had teamed up to make an offer by this point, but the entrepreneurs had already chosen John. As he went to shake their hands, he was lifted off the floor by one of his latest business partners.