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Mark Cuban Regrets Not Investing In This Shrimp Burger On ‘Shark Tank’

Photo: TechCrunch (Wikimedia Commons)

On the hit TV show Shark Tank, hundreds of potential ideas have come through and been critiqued by some of the top investors in the country, so it’s easy to miss on a potential million-dollar opportunity.

For “Shark” Mark Cuban, the billionaire owner of the NBA’s Dallas Mavericks, the biggest miss that he’s admitted on live television is a frozen shrimp burger from Chef Big Shake, aka Shawn Davis. The burger was pitched back in 2011, and while Big Shake’s Shrimp Burgers may have flopped and walked away with no investors on the show, it has taken off since then, jumping from $30,000 in sales to $5 million in just a year.

While the Sharks loved the shrimp burgers and thought they tasted delicious, all of them were initially wary of investing in the company and felt the valuation of it was incorrect. While this led to Davis leaving the show with no deal, he impressed viewers enough that angel investors stepped forward afterward to bring in $500,000 of investment to the company, allowing the shrimp burgers to spread to more than 22,000 grocery stores nationwide and causing sales to jump into the millions.

Shark Tank’s Chef Big Shake’s “SHRIMP BURGER” #tennessee

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Today, Chef Big Shake has stopped selling his shrimp burgers in grocery stores due to fees, however, many restaurants around the country continue to sell them, as does his restaurant chain, which Davis now has plans to begin franchising.

Cuban and fellow Shark Daymond John have also both remained close with Davis after his pitch, with Cuban telling Davis that he’d remain a customer for life. Daymond John also gave Davis his private cell number so that he could call for advice, something that Big Shake still thanks him for to this day.

Daymond John never verbally expressed regret for missing out on Big Shake’s Shrimp Burgers, but Cuban’s remarks make it clear that Big Shake is probably one of the biggest – and most delicious – success stories of a Shark Tank flop in history.

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Boneless Ribs Might Be Shark Tank Investor’s ‘Biggest Deal Ever’

Three years ago, on the hit CNBC show Shark Tank, investor Daymond John decided to inject $300,000 into boneless rib makers Bubba-Q’s Boneless Ribs for 30% ownership because he thought the idea was “brilliant.”

At the time, the company’s owner, former NFL player Al “Bubba” Baker, reported $154,000 in annual sales to the Sharks. Today, that sales number is now around a staggering $16 million dollars, and Daymond John believes it could be his “biggest deal ever” from the show.

From the moment that Bubba-Q’s Boneless Ribs appeared on Shark Tank, the sales kept pouring in and deals were made. This year, that growth was finally taken notice of by a major fast food chain company: CKE Restaurants. After reportedly discovering the company at a food industry trade show, they decided to order a million pounds of the patented boneless ribs to create a new sandwich for their two chains, Carl’s Jr. and Hardee’s, exponentially growing sales numbers for the boneless rib makers.

Baker was ecstatic and emotional about the progress of his company in an interview with CNBC.

“When you have a project that is 30 some years in the making and you finally see it come to fruition — the emotions, it was overwhelming. It’s been three years and sales are at $16 million and I just can’t believe it.”

Daymond John concurred, saying that “the future is bright” for Bubba-Q’s Boneless Ribs.

With a massive deal like the one CKE Restaurants just gave them, things are definitely looking great for Al Baker and Daymond John.

And now, Americans have a brand new way to try out these real boneless ribs for themselves.