Simply Good Jars
DealSalads in a jar
Best known from its Shark Tank appearance, Simply Good Jars is a salads in a jar in Season 12, and convinced Mark Cuban and Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $500K
- Asked for
- 7%
- Offered equity
- $7.1M
- Sought valuation
- $500K
- Deal amount
- 10%
- Deal equity
- $5M
- Deal valuation
Jared Cannon walked into the Tank in Season 12, Episode 16 in the episode that aired March 5, 2021. Simply Good Jars, the salads in a jar, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $500,000 for a 7% stake, which valued the company at $7.1M.
Mark Cuban and Lori Greiner teamed up at $500,000 for 10% equity. That priced the company at $5M, a haircut from the $7.1M the founders walked in asking for, which is how negotiations in the Tank usually go.
Simply Good Jars was one of 100 businesses to pitch in Season 12, where 71 deals got done. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Simply Good Jars?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Simply Good Jars get a deal on Shark Tank?
Yes. Simply Good Jars closed a deal for $500,000 in exchange for 10% equity, with Mark Cuban and Lori Greiner.
Which shark invested in Simply Good Jars?
Mark Cuban and Lori Greiner invested in Simply Good Jars ($500,000 total as aired).
What season of Shark Tank was Simply Good Jars on?
Simply Good Jars appeared in Season 12, Episode 16, which aired March 5, 2021.
How much was Simply Good Jars asking for on Shark Tank?
The founders asked for $500,000 for 7% of the company, a $7.1M valuation.
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