The Shark Tank Effect: Top Success Stories from the First 3 Seasons

Based in: Alexandria, Va.
Founded by: Heath Hall and Brett Thompson
Product: Barbecue sauce
Shark Tank appearance: Sept. 13, 2009

Show highlight: The Sharks were skeptical when Thompson and Hall said they had 10,000 units of their sauce ready to go. “What if the 10,000 don’t sell?” cracked Kevin Harrington. Even more embarrassing, Barbara Corcoran said she couldn’t look at Hall without imagining him in a pig costume.

Shark funder: Barbara Corcoran
Funding amount and equity stake: $50,000 for 50 percent
First year revenue: $5,000 (2009)
Cumulative revenue: Topped $3 million in July 
Post-show Shark involvement: Pork Barrel was featured in Corcoran’s Shark Tales (Portfolio Trade, February 2011), and the founders are presenting at the 2012 World Business Forum with Corcoran in New York City in October.

Post-show news: In November 2011, the founders launched Pork Barrel BBQ Restaurant in Alexandria, Va., with two restaurateur partners. Pork Barrel has added five products including an all-purpose Spice Rub. The staff has grown to more than 50, and the company has won several barbecue competitions, including the 2012 Sam's Club National BBQ Tour. 

Related Video: Barbara Corcoran on the Secret to Handling Rejection

Article source: By: Entrepreneur presented by RetailStartupInABox

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