What Happened Pili Hunters after the Shark Tank Pitch?
What is Pili Hunters?
Pili Hunters are a novel nut-based snack. Pili Nuts are grown in Southeast Asia, northern Australia, and Papua New Guinea on volcanic soil.
Their primary benefit is their high protein content – one cup comprises 13 grams.
Additionally, they include magnesium, calcium, phosphorus, potassium, and healthy fats.
They can eat them raw, roasted, or in almost any other way that a nut may be consumed.
The paleo, keto, non-GMO, vegan, and gluten-free diets all use pili nuts. They are the world’s most nutrient-dense nut.
The nuts are hand-harvested in the wilds of the Philippines, without the use of pesticides, chemicals, or preservatives.
They are grown by soaking in seawater overnight and then drying at a low temperature (but not roasted).
The drying technique is necessary because if the nuts are not dried prior to packaging, they will degrade.
Who founded the Pili Hunters?
Jason Thomas is the inventor of Pili Hunters.
Jason Thomas was reared in Barrow, Alaska. Thomas attended Alaska Pacific University following high school, earning a degree in Outdoor Studies in 2002.
He spent the next decade traveling the world, from Alaska to Hawaii, Europe, Morocco, and Southeast Asia, motivated by a keen interest in other cultures and landscapes.
Among other things, he worked as a mountain guide, archaeological assistant, commercial fisherman, and kite surfing instructor.
Kite surfing drew him to the Philippines, where he had heard of a little-known place with some of the best surf in the world.
He encountered his first Pili (pronounced peely) nut there.
He described how the nut’s rich, earthy, buttery flavour “blew me away” in a February 2019 interview with the Alaska Pacific University newsletter.
He was confident it would be enormously popular in the United States, and so he searched down the cultivation location, traveled there, and purchased ten pounds to bring back.
Hunter-Gatherer Natural Foods began with those ten pounds of nuts, 100 plastic bags, and a sealing machine and scale acquired on Craigslist.
He hired a graphic designer to develop a sticker for the bags and was off and running in no time.
Thomas traveled up and down the West Coast, sleeping in his truck, kitesurfing, handing out samples at every conceivable natural food store, and attending numerous Paleo and Keto conferences, mixing his passion for kitesurfing with his commitment to growing his business.
In May 2017, Pili Nuts were offered in 50 places and online.
By February 2019, Pili Nuts were accessible in 150 locations around the country.
What Happened to Pili Hunters During the Shark Tank Pitch?
Jason appeared on Shark Tank Season 11 Episode 6 seeking $325,000 in exchange for a 10% share in his business. This equates to a $3.25 million valuation.
He relates his story, pitches his product, and distributes samples. Robert considers it to be the finest nut he has ever consumed.
It costs between $1.40 and $1.80 to produce a small back of Pili Hunters nuts, which retails for $5.99.
According to the entrepreneur, direct-to-consumer sales account for 40% of his revenue.
Pili Hunters has earned a total of $2,500,000 in sales during the span of its existence, including $700,000 last year and $1,000,000 thus far this year.
Daniel expresses a genuine worry about scalability, given the relative difficulty of obtaining the nuts, but the entrepreneur believes he can do ten times more business before the issue becomes significant.
According to reports, Pili Hunters has 14 SKUs and $400,000 in unsold inventory.
This, Mark argues, does not augur well for the firm, since the entrepreneur has reached a “desperation stage” by ordering an excessive amount of items.
Similarly, Daniel is apprehensive that the entrepreneur would become “too inventive” and will become too spread out.
Daniel opts out of the acquisition for these reasons, as well as supply chain problems.
Robert, too, concludes that the entrepreneur requires further care and withdraws.
Lori says she appreciates the chocolate flavor and the product’s carb content, but she believes the business is not a good fit for her and is the third shark to exit.
Kevin makes a compelling case. Even if the entrepreneur believes the business can easily grow to sell 10 times as much, ten million dollars in revenue is still ten million dollars.
He’s intrigued by the entrepreneur’s strategy for reaching $100 million or $200 million in revenue. As a consequence of his dissatisfaction with the importance placed on Pili Hunters, he terminates the arrangement.
With Mark remaining as the final shark in the transaction, he uses the chance to provide advice, arguing that, while he feels what has been accomplished so far is incredible, entrepreneurs must recognize when they are not exceptional at something and employ someone who is.
Mark feels the entrepreneur requires a full-time operations staff and wishes he could supply one.
When Mark backs out of the deal, the entrepreneur and Pili Hunters are left without a shark to work with.
What became of Pili Hunters following the Shark Tank Pitch?
The business continues to operate, with the majority of sales occurring online via his website or Amazon. And, according to Shark Tank Blog, he earned $4 million in yearly revenue as of July 2021.
What is the Net Worth of Pili Hunters?
Jason appeared on Shark Tank Season 11 Episode 6 seeking $325,000 in exchange for a 10% ownership in his business. This equates to a $3.25 million valuation.
The company’s current net worth is clearly higher as a result of its growth.
Who are Pili Hunters’ Competitors?
Alternatives to Pili Hunters include Beer Nuts, Farm Fresh Nuts, and Bulk Nuts.
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What Happened to Pluto Pillows after Shark Tank?
Pili Hunters FAQS
1. What is Pili Nuts?
Pili nuts are a type of edible nut native to the Philippines.
2. Where can they buy Pili Hunters?
They can order Pili Nut products on their official website or on Amazon.
3. Where are Pili Nuts grown?
The nuts are grown in Philippines, they are then processed and packaged in the United States.
4. Where is Pili Hunters based?
Pili Hunters is based in Bend, Oregon.
5. What are the nutritional benefits of Pili Nuts?
Their primary benefit is their high protein content – one cup comprises 13 grams.
Additionally, they include magnesium, calcium, phosphorus, potassium, and healthy fats.
6. Who founded Pili Hunters?
Jason Thomas founded Pili Hunters
7. What is the relationship between Pili Nuts and Macadamia nuts?
Pili Hunters are a type of Macadamia nut.
8. Does Pili Hunters have any side effects?
They contain no sugar and are low in carbohydrates which can make it easier to stay keto when they eat them.
9. How much was Pili Hunters seeking in the Tank?
The company was seeking $325,000 in exchange for a 10% ownership in the business.
It is currently valued at $3.25 million.
10. Who invested in Pili Hunters?
All of the sharks declined to invest in this business.
11. When was Pili Hunters aired on Shark Tank?
It was aired on Shark Tank Season 11 Episode 6 on November 3rd, 2019.
12. What happened to Pili Hunters after the Shark Tank?
The business continues to operate, with the majority of sales occurring online via his website or Amazon. And, according to Shark Tank Blog, he earned $4 million in yearly revenue as of July 2021.
