Chefs Jason McKinney and Tyler Vorce are in the business of supplying 100% natural truffles to restaurants. However, when the COVID-19 pandemic shut down restaurants, they shifted to a business model where they teach virtual cooking classes and supply their customers with truffle-based ingredients to make their meals. Will they get a deal on
If you’re short on time, here’s a quick overview of what happened to Truffle Shuffle after
Truffle Shuffle appeared on
|Mark Cuban||Accepted deal for $501,000 for 18% equity|
|Robert Herjavec||$500,000 for 20% equity|
|Daymond John||No Offer|
|Lori Greiner||No Offer|
|Kevin O’Leary||No Offer|
Shark Tank Truffle Shuffle Update
- Entrepreneurs: Jason McKinney and Tyler Vorce
- Business: High-quality truffle supplier for restaurants with a virtual cooking class
- Ask: $500,000 for 5% equity
- Result: $501,000 for 18% equity
- Shark: Mark Cuban
Jason and Tyler founded Truffle Shuffle as a way of making money by hunting down truffles and supplying high-end restaurants with hard-to-find ingredients. Unfortunately, because of the COVID-19 pandemic, the two ended up having to change their entire business model.
Truffle Shuffle offers online cooking classes from professional chefs! Kits are shipped overnight a couple of days before class, culminating with a group Zoom class filled with step-by-step instruction!
To save their perishable products from being an expensive waste, the two chefs launched paid virtual cooking experiences.
Additionally, they offer informative and instructional classes that make use of their provided ingredients, which, of course, include truffles.
Each kit costs anywhere from $95-$125 and includes the cost of the virtual cooking class, plus the ingredients to make the meal.
Year-to-date sales for the online classes, at the time of filming, totaled $1.4 million. However, from that, Jason and Tyler only profited $8,000.
Further, they sell their own line of shelf-stable products, which include truffle salt, truffle honey, and truffle popcorn. Jason and Tyler share that these are currently sold in Whole Foods.
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From their line of products, they’ve had $212,000 in sales during the year of filming.
Since shifting to a new business model, Truffle Shuffle has grown exponentially, going from $486,000 in sales in 2020 to $1.4 million in 2021. This created an entirely new problem for Jason and Tyler.
Do they continue pursuing the new business model, or should they go back to their former model now that restrictions have eased up a bit? Stuck between a rock and a hard place, the two are desperate for some advice from a shark.
Lori Greiner is the first shark to go out. While she commended Jason and Tyler for pivoting during the pandemic, but she doesn’t wish to invest in their company.
Daymond John went out next, as he didn’t agree with their valuation.
Mark Cuban went out next, as he saw too many challenges.
Robert Herjavec on the other hand, is interested and offered $500,000 for 20% equity. Jason and Tyler were not quick to accept and they asked Mark if he’d join Robert.
Mark agreed to come back in, and Jason and Tyler asked if Robert and Mark would do $250,000 each, for 7% equity each. The sharks say no, and Robert is sticking to $500,000 for 20% equity, either alone or with Mark.
That’s when Mark says he’ll do the same thing, $500,000 for 20%, and they can pick which shark they want to work with. They counter Mark, and he agrees to do $501,000 for 18% equity, and Jason and Tyler accept the deal.
Keep reading our Truffle Shuffle update to find out what happened following
In regard to a Truffle Shuffle update, the company is still in business and has an estimated annual revenue of $6 million. Further, since
Our Truffle Shuffle update research found that the company has had close to a 1,600% growth since
On the Truffle Shuffle website, customers can purchase their small batch products, fresh truffles, and kits which include live cooking classes.
They also offer corporate events and gift cards. Additionally, you can browse their wide assortment of gourmet cooking classes, which have various price ranges.
Further, Truffle Shuffle donates a meal for every person who joins a cooking class. As of this writing, they’ve so far donated 250,000 meals!
Before you go, be sure to check out some updates on the other companies featured in Season 12 Episode 21:
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!