Pili Hunters Shark Tank Net Worth 2023
The founder of Pili Hunters, Jason Thomas, appeared on Shark Tank Season 11 Episode 6 in search of $325,000 for a 10% stake in his firm. Unfortunately, he did not secure a deal on the show. However, Jason used his entrepreneurial skills and managed to land keto-friendly influencers to promote his product, trafficking most sales to Amazon or his website.
Despite not having a shark to back him up, Thomas’ craftiness and vision for the pili nut business has turned Pili Hunters into a successful business.
According to insidergrowth.com, Pili Hunters’ net worth is approximately $4 million as of 2022. It has been speculated that Pili Hunters has grown even further in valuation from $4 million in 2021 to $5.6 million in 2022.
Pili Hunters currently sells nuts wholesale, on Amazon and in select Walmart stores. The company makes flavored pili nuts with different oils and spices plus a variety of pili nut butters.
Although the sharks seemed impressed by the low-carb nut’s taste and the business’ $2.5 million sales during its lifetime on Shark Tank, things turned south when they realized Thomas had $400,000 stuck in inventory and thought processed from the nut’s oil and bracelets fashioned out of the nut’s shell.
What Is Pili Hunters?
Pili Hunters is a novel type of snack food that is made using Pili Nuts. These nuts are grown in Southeast Asia, northern Australia, and Papua New Guinea, on volcanic soil.
The most significant benefit of Pili Nuts is their high protein content; just one cup contains 13 grams of protein. Additionally, they are abundant in magnesium, calcium, phosphorus, potassium, and healthy fats.
Pili Nuts can be consumed plain, roasted, or in any other way that you would usually eat nuts. They are suitable for people following the paleo, keto, non-GMO, vegan, and gluten-free diets, making them a highly versatile food option.
The nuts are gathered by hand from the wilds of the Philippines, without any use of pesticides, chemicals, or preservatives. To make them sprout, they are soaked overnight in saltwater and then dried at a low temperature, not roasted. The drying process is essential to prevent the nuts from spoiling before they are packed.
In conclusion, Pili Nuts are the most nutrient-dense nuts on the planet, and their versatility and health benefits make them an ideal food choice for anyone looking for a healthy snack option.
Who Is The Pili Hunters’ Founder?
Jason Thomas, who was raised in the Alaskan town of Barrow, is the founder of Pili Hunters. After graduating from Alaska Pacific University with a degree in Outdoor Studies in 2002, he spent the next ten years exploring various cultures and environments across the globe, including Alaska, Hawaii, Europe, Morocco, and Southeast Asia.
During this time, he worked as a mountain guide, archaeological assistant, commercial fisherman, and kite surfing teacher, among other things.
It was during his kite surfing adventures that Thomas discovered Pili nuts while visiting the Philippines, and he was blown away by their deep, earthy, buttery flavor.
He believed that these nuts would be a hit in the United States and decided to track down the source where they were cultivated, eventually buying 10 pounds to bring back home.
With those ten pounds of nuts, 100 plastic bags, and a Craigslist-purchased sealing machine and scale, Thomas launched Hunter Gatherer Natural Foods, which later became known as Pili Hunters.
He hired a graphic designer to create a sticker for the bags, and he began traveling up and down the West Coast, sleeping in his vehicle, kite surfing, and handing out samples at natural food stores and Paleo and Keto conferences.
By May of 2017, Pili Nuts were available in 50 locations and online, and by February of 2019, they were available at 150 outlets across the country.
Thomas’ passion for kite surfing and devotion to expanding his company led to the success of Pili Hunters, which is now a popular brand that offers a variety of Pili nut products.
What Happened To Pili Hunters At The Shark Tank Pitch?
On episode 6 of Shark Tank Season 11, Jason sought a $325,000 investment for a 10% stake in his company, which valued it at $3.25 million. He shared his story, gave his pitch, and provided product samples. Robert was impressed and said that the Pili Hunters nuts were the best he had ever eaten.
The cost of producing a small pack of Pili Hunters nuts ranged from $1.40 to $1.80, and they were sold for $5.99. Jason mentioned that 40% of his sales were made directly to consumers.
Since its inception, Pili Hunters had generated $2.5 million in sales, including $700,000 in the previous year and $1,000,000 in the current year.
Daniel raised a valid concern about scalability due to the difficulty of sourcing the nuts, but Jason was confident that he could expand his business tenfold before this became a significant issue. Pili Hunters had 14 different products, and $400,000 worth of unsold inventory.
Mark expressed his concern that Jason had become desperate by ordering too much inventory and withdrawing from the deal. Daniel was also worried that Jason was spreading himself too thin by trying to be too innovative. He withdrew from the deal due to these concerns and also questioned the supply chain.
Lori enjoyed the chocolate flavor and praised the low carbohydrate count of the product, but she felt that the business was not a good fit for her and declined to invest.
Kevin raised the point that even if the business grew ten times larger, it would only reach $10 million in revenue, and he questioned how Jason planned to reach $100 million or $200 million in sales. He withdrew from the deal due to his dissatisfaction with the valuation of Pili Hunters.
Mark provided some advice to Jason and said that while he admired what he had accomplished so far, he needed to recognize when he wasn’t skilled in a particular area and hire someone who was.
Mark believed that Jason needed a full-time operations team but was unable to provide one. Ultimately, Mark also withdrew from the deal, leaving Jason and Pili Hunters without a shark to partner with.
What Happened To Pili Hunters After The Shark Tank Pitch?
The business is still going strong, and most products are sold online via their website or Amazon. In July 2021, the annual income of this company was $4 million as per Shark Tank Blog.
This shows that despite the difficult times brought about by the pandemic, the business was able to remain profitable by adapting to technological developments and focusing on digital sales channels such as their website and Amazon.
This company is a great example of how staying ahead of the curve could bring success in any industry.
What is the Net Worth of Pili Hunters?
Jason appeared on Shark Tank Season 11 Episode 6 in search of $325,000 for a 10% stake in his firm. This translates to a $3.25 million valuation. Current net worth is evidently higher since the company has grown.
Who are the Competitors of Pili Hunters?
Beer Nuts, Farm Fresh Nuts and Nuts in Bulk are of the some of alternatives to Pili Hunters.
Pili Hunters FAQS
What is Pili Hunters?
Pili Hunters are a new snack food made from the Pili Nut. Pili Nuts are cultivated on volcanic soil in Southeast Asia, northern Australia, and Papua New Guinea.
Who is the founder of Pili Hunters?
Jason Thomas is the founder of Pili Hunters.
How much was he seeking in the Shark Tank?
He was seeking $325,000 for 10% stake in his Company.
Did he get a deal from the Shark Tank?
He did not get a deal from the Shark.
Where is pili nut from?
Pili nut (Canarium ovatum) is a tropical tree in the Burseraceae family that is grown for its delicious seeds known as pili nuts.
The plant is endemic to the Philippines, where the pili nut has long been a staple of the diet as a source of fat and protein.
Is Pili Hunters still in business?
Pili Hunters’ website continues to sell Philippines-sourced pili nuts in a variety of flavours, as well as keto, vegan, and paleo pili nut butters and pili nut chocolate bars (via Pili Hunters website).
Where is Pili Hunters based?
Pili Hunters is based in Bend, Oregon.
Where can they find Pili Hunters?
They can order Pili Nut products on their official website or on Amazon.
Where are Pili Hunters made?
The nuts are grown in Philippines, they are then processed and packaged in the United States.
What is the best way to cook Pili Hunters?
They are best eaten raw as a snack.
What is the company’s shipping policy?
Pili Hunters delivers six days a week, with a normal shipping duration of two to three business days. Every Pili Hunters product comes with a money-back guarantee.
What is the company’s return policy?
If consumers are dissatisfied with their product, they should contact customer care within a week of receiving it, and they will receive a refund minus return shipping expenses.
What is their policy on packaging?
Pili Hunters uses minimal and biodegradable packaging. Unlike other internet shops, their parcels are packed full and shipped quickly. It may not be attractive on the outside, but it is what is on the inside that counts.
When was Pili Hunters aired on Shark Tank?
It was aired on Shark Tank Season 11 Episode 6 November 3rd, 2019.
Are pili nuts healthy?
Pili nuts are a tasty and nutrient-dense superfood. They’re high in vitamin E, magnesium, and other essential elements.
Pili nuts contain antioxidants, which aid in the prevention of free radical damage to cells and the reduction of oxidative stress.
Are pili nuts Keto?
Pili nuts are high in monounsaturated, polyunsaturated, and saturated fat and are low in carbs, making them the best keto nuts.
Why are Pili Hunters’ pili nuts so expensive?
Pili nuts are more expensive than commercially cultivated nuts since it takes a significant amount of time, money, and energy to get them into the hands of customers.
Workers must first climb all the way up into the pili tree and shake the fruit down to the forest floor in order to collect it.
Are pili nuts the same as Brazil nuts?
Pili nuts, the oblong nuts produced by Canarium ovatum trees endemic to the Philippines, are comparable in size and form to almonds but have a flavour more akin to Brazil nuts.
Is pili nuts high in cholesterol?
Pili Hunters Pili nuts contain a high concentration of omega-3 fatty acids.
These are beneficial in regulating cholesterol levels and are intended for persons who want to maintain their weight and cholesterol levels.
What is the net worth of Jason Thomas?
Jason Thomas’s net worth is unavailable.
