ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

‘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 AUG 9, 2025
Screenshots showing the entrepreneurs and Daymond John on "Shark Tank." (Cover image source: YouTube | Shark Tank Global)
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.

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)
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)
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.

More on Market Realist:

'Shark Tank' judge Mark Cuban invests big money in company that sells desserts made of hummus

'Shark Tank' contestant gets $500,000 deal from Mark Cuban to make chips from food waste

'Shark Tank' contestants who threw healthy food in trash tempt Mark Cuban to invest in junk food

RELATED TOPICS SHARK TANK
MORE ON MARKET REALIST
Economists feel that Warsh's ability to retain the independence of the Fed will decide his legacy.
6 hours ago
The contestant seemed nervous at one point but she absolutely nailed the game.
6 hours ago
Gold has been touted as one of the safest assets to invest in given the current state of the world.
6 hours ago
Scammers are getting highly innovative and the Super Bowl season is the best time for duping.
7 hours ago
The President recently wrote an opinion piece in which he claimed that his tariffs saved the US.
9 hours ago
The retailer has been at the center of a lot of controversy of late, and this just adds to it.
11 hours ago
Experts warn Trump’s Fed chair pick could be the most 'hawkish' ever
11 hours ago
"Just too bad he was one of those contestants that, no matter how easy it is, you can't put two and two together," fan reacted.
18 hours ago
Federal Reserve Bank of Kansas City estimated 19,000 jobs/month could've been added without tariffs
1 day ago
Rising costs and uneven gains are leaving many Americans financially strained.
1 day ago
The luxury real estate broker argued that the measure would drive billionaires out of the state.
1 day ago
During an exclusive dinner at Capitol Hill on Saturday, the president reportedly did a "roast".
1 day ago
Missing the IRS deadline can lead to rising penalties and added interest charges.
1 day ago
The president says any settlement in his IRS tax records case would be directed to charity.
1 day ago
Expanded SNAP work rules begin, cutting benefits and narrowing eligibility across the U.S.
1 day ago
She said that she had played some golf with her husband from time to time.
3 days ago
The administration failed to do good on the deadline that was set by the courts.
3 days ago
The President claimed that the BLS was run by "weak and stupid people" prior to this.
3 days ago
More than 40 million low-income and vulnerable families depend on SNAP to make ends meet.
3 days ago
If these claims turn out to be true, the Republicans will have a hard time during the Midterms.
3 days ago