Kodiak Cakes Shark Tank Full Episode

Kodiak Cakes Shark Tank Full Episode

Kodiak Cakes appeared on Shark Tank Shark Season 5, Episode 22 on November 7, 2014. This episode was part of Season 5 and featured the brand’s attempt to secure investment to expand their market reach.

The episode showcases Cameron Smith and Joel Clark’s pitch, the Sharks’ responses, and the negotiations.

The entrepreneurs, Cameron Smith and Joel Clark, sought $500,000 for a 10% equity stake in their company.

 Despite showcasing their successful product and existing sales through Target, the sharks were skeptical about the company’s valuation and offered deals that the founders deemed unfavorable.

Kevin O’Leary and Barbara Corcoran proposed $500,000 for a 50% stake, while Robert Herjavec offered $500,000 for 35% equity.

Later, Clark and Smith declined all offers, believing their business was worth more than what the sharks were willing to invest.

In hindsight, this decision proved to be a significant turning point for Kodiak Cakes. Following their appearance on Shark Tank, the company experienced a surge in sales, generating approximately $1 million in revenue within six weeks of the episode airing.

By 2018, Kodiak Cakes had grown its revenue to around $54 million, far exceeding their initial projections.

Kodiak Cakes Breakfast Mixes: Shark Tank, Regret, and Updates

Kodiak Cakes, the brand behind healthier pancake and waffle mixes, made a notable splash on Shark Tank during Season 5. Founded by Cameron Smith and Joel Clark, the company aimed to secure investment to enhance their market presence.

 Despite not securing a deal, Kodiak Cakes‘ trajectory post-show showcases a remarkable success story.

What Happened to Kodiak Cakes on Shark Tank?

Kodiak Cakes appeared on Shark Tank in Season 5, Episode 22. The entrepreneurs, Cameron Smith and Joel Clark, sought $500,000 for a 10% equity stake in their company. They were already available in Target and were looking for funds to cover slotting fees to gain more shelf space.

The Sharks were impressed by the product samples, particularly the berry syrup, and appreciated the outdoor-themed packaging.

However, not all feedback was positive. Kevin O’Leary criticized the product as a “complete commodity” and questioned the company’s $5 million valuation, suggesting it was worth only $2 million. The Sharks were also concerned about the higher price point of Kodiak Cakes’ mix compared to competitors.

In the end, Robert Herjavec offered the full $500,000 for a 35% stake, while Barbara Corcoran proposed $250,000 for a 20% stake, with a possibility of another Shark partnering in.

After rejecting these offers, O’Leary, alongside Corcoran, revised their offer to $500,000 for a 50% stake in the company. Clark and Smith declined, choosing to walk away rather than give up half of their business.

• Save

How Much Did Kodiak Cakes Sell For?

Kodiak Cakes was acquired by private equity firm L Catterton in May 2021 for a reported $800 million. This acquisition marked a significant milestone in the company’s growth trajectory, reflecting its success and expansion since its appearance on Shark Tank.

Key Details of the Acquisition:

1. Acquisition Date:
   • The acquisition by L Catterton was finalized in May 2021.
2. Acquisition Value:
   • The deal was valued at approximately $800 million, making it a substantial acquisition in the food and beverage sector.
3. Impact on the Company:
   • Following the acquisition, Kodiak Cakes continued to thrive under L Catterton’s ownership. The acquisition provided the company with additional capital and resources to expand its product lines and market presence further.
4. Founders’ Retention:
   • Despite the acquisition, Kodiak Cakes’ founders, Cameron Smith and Joel Clark, retained a minority stake in the company. This allowed them to remain involved in the brand’s strategic direction and ongoing operations.
5. Company’s Growth:
   • The acquisition came after a period of significant growth for Kodiak Cakes, including increased sales, product diversification, and expansion into major retailers. The company’s innovative products and strong market presence contributed to its high valuation.

Kodiak Cakes Shark Tank Update

Post-Shark Tank, Kodiak Cakes experienced remarkable growth. Within six weeks of their episode airing, the company generated approximately $1 million in sales.

The introduction of the Protein Power Cakes, which featured 14 grams of protein per serving, was a significant driver of this increase. The brand became Target’s top-selling pancake mix, surpassing competitors like Aunt Jemima and Bisquick.

In 2016, Kodiak Cakes secured a minority investment from Colorado-based Sunrise Strategic Partners. This investment helped boost the company’s revenue from $15 million to over $200 million.

In May 2021, private equity firm L Catterton acquired a majority stake in Kodiak Cakes for an estimated $800 million. Despite this acquisition, the company’s founders retained a minority stake and continued to be involved in the business.

When Was Kodiak Cakes On Shark Tank?

Kodiak Cakes appeared on Shark Tank on November 7, 2014. This episode was part of Season 5 and featured the brand’s attempt to secure investment to expand their market reach. Their pitch highlighted the unique aspects of their product and their impressive sales figures.

Mark Cuban Thinks Kodiak Cakes is Smart | Shark Tank Misses & Regrets

Kodiak Cakes Shark Tank Net Worth

Prior to their Shark Tank appearance, Kodiak Cakes was valued at approximately $2 million. Since then, the company has experienced explosive growth, with its valuation reaching an estimated $200 million.

This substantial increase reflects the brand’s success in capturing a significant share of the breakfast market and its expansion into new product lines.

Was Kodiak Cakes On Shark Tank?

Yes, Kodiak Cakes was featured on Shark Tank. Their appearance on the show was a key moment for the brand, providing them with national exposure and the opportunity to pitch their business to a panel of potential investors. Despite not securing a deal, the appearance was instrumental in their subsequent success.

Did Kodiak Cakes Get A Deal On Shark Tank?

No, Kodiak Cakes did not secure a deal on Shark Tank. The entrepreneurs faced multiple offers but ultimately chose to decline them. They decided that the terms offered did not align with their vision for the company’s future.

Which Shark Invested In Kodiak Cakes?

None of the Sharks ended up investing in Kodiak Cakes. Despite receiving offers from several Sharks, including Robert Herjavec and Barbara Corcoran, the entrepreneurs decided to walk away from the deals. The Sharks’ demands for equity and control were not acceptable to the founders.

What Happened To Kodiak Cakes After Shark Tank?

After their appearance on Shark Tank, Kodiak Cakes experienced significant growth. The brand’s products gained popularity, and the company expanded its offerings to include various flavors and product lines.

In 2016, they received a minority investment from Sunrise Strategic Partners, which helped increase their revenue significantly.

In May 2021, Kodiak Cakes was acquired by L Catterton for a reported $800 million. The company continues to thrive, with a diverse range of products and a strong market presence.

Kodiak Cakes’ story exemplifies how a high-profile pitch on Shark Tank can lead to substantial growth and success, even without securing a deal from the Sharks. The brand’s journey underscores the importance of leveraging exposure and maintaining a clear vision for the future.