Jack’s Stands & Marketplaces Update | Shark Tank Season 8

Kidpreneur Jack Bonneau had his eye on an expensive Lego set, but he didn’t have the money to buy it. Instead of giving up, he turned this challenge into an opportunity by creating Jack’s Stands, a lemonade stand business that not only helped him earn the money he needed but also gave other kids a chance to learn valuable business skills. Will the sharks offer him a deal? Find out in our Jack’s Stands and Marketplaces update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Jack’s Stands and Marketplaces after Shark Tank.

Jack entered Shark Tank Season 8, seeking $125,000 for a 5% equity in Jack’s Stands and Marketplaces. Ultimately, he made a deal with Chris Sacca for $50,000 as a loan at a 2% interest rate.

In terms of a Jack’s Stands and Marketplaces update, the company experienced some challenges after Colorado passed a restrictive bill in 2019, leading to a shift in focus and a transition into nonprofit efforts. Jack has since moved on to another venture.

Shark	Result
Chris Sacca	Accepted offer of $50,000 as a loan for a 2% interest rate
Mark Cuban	No offer
Barbara Corcoran	No offer
Kevin O’Leary	No offer
Lori Greiner	No offer

Shark Tank Jack’s Stands & Marketplaces Pitch

• Entrepreneur: Jack Bonneau
• Business: Package delivery business for young entrepreneurs
• Ask: $125,000 for 5% equity
• Result: $50,000 as a loan for 2% interest rate
• Shark: Chris Sacca

Jack walked into Shark Tank accompanied by his dad, eager to showcase his fresh take on youth entrepreneurship.

So, he sought an investment to grow his marketplace idea.

Jack’s Stands is all about helping kids explore entrepreneurship by providing everything they need to run their own lemonade stands or seasonal kiosks.

With this program, emerging kidpreneurs get the chance to sell lemonade, hot drinks, or other products they’ve created at farmers’ markets and holiday events.

What makes it easier for them is that Jack’s Stands handles all the tricky parts, like getting permits, insurance, and setting up schedules.

This way, the kids can really focus on the fun and learning aspects of running their own business.

Not only do they pick up valuable skills in entrepreneurship, financial literacy, and business management, but they also get to earn money and build confidence along the way.

Jack’s Stands is perfect for kids and parents who want to explore the world of business together and for customers who are eager to back the next generation of entrepreneurs.

Jack shared that he already had seven stands up and running, with other kids managing them. Two of these stands are in malls, while the others are at farmers’ or crafters’ markets.

The mall locations take 15% of the revenue, and in just three months, those two stands netted $15,000.

Jack estimated total sales for the year would reach $150,000. Though the sharks chuckled at his prediction of $1 million for the next year, they couldn’t deny his determination.

Despite being impressed, Kevin O’Leary worried about the possibility of Jack leaving school and decided not to invest.

To prove his competence, Jack explained that he started his business with a $1,000 loan from his parents, which he had repaid.

He also mentioned a $5,000 bank loan, which was 60% paid off.

Mark Cuban expressed concerns about Jack’s ability to manage the business outside of Denver and also opted out.

Barbara Corcoran and Lori Greiner also decided to leave the negotiations.

However, Chris Sacca offered Jack a $50,000 loan at 2% interest, with the condition that Jack could borrow only $10,000 at a time.

Once Jack paid off the first $10,000, they would reassess, and he could draw more funds.

Jack gladly accepted the deal, securing his partnership with Chris.

Let’s see if Jack was able to keep up with this arrangement in our Jack’s Stands and Marketplaces update.

Shark Tank Jack’s Stands and Marketplaces Update

Our Jack’s Stands and Marketplaces update found that it is unclear whether the deal with Chris Sacca eventually closed.

Nevertheless, a year after his Shark Tank appearance, Jack’s Stand received a big boost when Good Times restaurants began selling its lemonade in four flavors throughout Colorado.

They also set up stands in the restaurants, where kids could sell the lemonade for a small fee.

However, things took a turn in 2019 when Colorado passed Senate bill SB19-103, restricting permits for businesses run by minors that operate for less than 84 days a year.

As Jack entered high school, his focus shifted toward charity work and motivational speaking. At just 12 years old, he delivered a TED Talk.

In 2019, he launched a new venture called TeenHustl, which started as a local delivery service like UberEats.

However, the COVID-19 pandemic reshaped the business into a delivery service for Amazon packages and other items, with teens handling the deliveries on bikes.

The Jack’s Stands website hasn’t seen updates since 2018, and franchise opportunities stopped in 2019.

However, the company became a nonprofit in 2021, continuing its mission to inspire young entrepreneurs.

Our Jack’s Stands and Marketplaces update research found that Jack received several awards, including the U.S. Chamber of Commerce’s 2020 Young Entrepreneur Achievement Award.

He also won the 2023 Prudential Emerging Visionary award, which came with a $5,000 prize.

If we get further news on Jack’s Stands and Marketplaces update, we will let you know.

For more on Shark Tank Season 8 Episode 8, be sure to check out:

• Milk Snob Cover Update
• Chi’lantro Korean BBQ Update
• Toor Lockbox Update

Before you go, check out our Shark Tank Season 8 page for more updates.