Misfit Net Worth Shark Tank Update 2025

Finding methods to consume less meat is becoming more popular. A few desire a healthy diet, while others are concerned about the environment. The founder of Misfit Foods Phil Wong had an idea. Combining meat with vegetables, in his view, would encourage people to consume less meat without being entirely vegan. That’s why he made sausages that were half vegetable and half beef. 

Phil presented his concept to Shark Tank. For 5% ownership in his business, he requested $250,000. Sharks showed interest but there were a lot of unresolved questions regarding the Misfit. Eventually, Mark Cuban and Daniel Lubetzky joined forces. Phil agreed to the agreement when they offered $300,000 in exchange for 15% stock.

Phil’s enthusiasm for providing a more environmentally friendly and healthful food option was evident in this episode. Will the entrepreneur get a deal on Shark Tank? Check out our Misfit update to find out!

misfit Net Worth Shark Tank Update 2025

Phil Wong asked for a $250k investment in exchange for 5% equity in his company. This meant he valued his company at $5 million. He made a deal with Mark Cuban and Daniel Lubetzky for $300k in exchange for 15% of his company. This new deal valued his company at $2 million. After the show aired, Misfit Foods saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Misfit Foods is about $2.68 million.

Misfit Foods did not formally proceed with the arrangement with Mark and Daniel following Shark Tank. However, they benefited greatly from the guidance these two sharks provided. The business grew much more. Misfit Foods is now known as Phil’s Finest. Since coming on the show, they have sold more than two million sausages. 

New varieties of chicken sausages and flavored ground beef are among the products that Phil’s Finest now sells. The business is flourishing. Their goods are available at other retailers as well as Sprouts Farmers Markets. With its half-meat, half-vegetable offerings, the Misfit is still helping people to eat healthier.

On Shark Tank, Phil Wong struck a deal with Mark Cuban and Daniel Lubetzky. For 15% equity, they made an offer of $300,000. Phil originally demanded $250,000 in exchange for 5% ownership. 

However, Mark and Daniel believed that additional funding was necessary for the Misfit to expand. They therefore gave Phil a better offer, and he accepted it. They had struck a bargain on the show, but as the cameras stopped filming, it fell through. However, Phil still appreciated their advice and help.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daniel Lubetzky (Guest Shark)	$250,000 for 15% equity	with $300,000 for 15% equity	yes
Lori Greiner	$250,000 for 18% equity	N/A	N/A
Kevin O’Leary	out	N/A	N/A
Robert Herjavec	out	N/A	N/A
Mark Cuban	teamed up with Daniel Lubetzky and offered $250,000 for 15% equity	with $300,000 for 15% equity	yes

Misfit Shark Tank pitch

Phil Wong began Misfit Foods with a very basic concept. He wished to simplify everyone’s process of eating healthily. He reasoned that people could still love meat but consume less of it if they combined it with vegetables. People’s health and the environment would both benefit from this. Living in a kitchen with six other guys gave Phil the idea for this. 

They didn’t want to give up meat entirely, but they all want to eat nutritiously. It was difficult at first. To make his sausages tempting, Phil had to figure out just how to combine the perfect amount of pork and vegetables. Additionally, he needed to locate customers for his goods. People, however, loved the sausages after he prepared them.

Phil Wong described the process behind his half-vegetable, half-meat sausages when he appeared on Shark Tank. He disclosed that the sausages he sold for $5.99 to $7.99 cost him $2.91 to produce. 

He said his product was more environmentally friendly and healthier. Phil requested $250,000 for 5% equity. He felt that his sausages needed no promotion because they were so delicious. Phil felt sure of his offering and thought the sharks would recognize its worth.

Phil Wong was the topic of numerous questions from the sharks. They questioned the price of producing the sausages, the revenue generated by the business, and customer satisfaction. According to Kevin O’Leary, he wasn’t sure if he should invest because he hadn’t had much luck with frozen or chilled items. 

As a vegetarian Robert Herjavec didn’t think the product was for him. Still, Mark Cuban and Daniel Lubetzky recognized the potential of the Misfit. They pushed more about Phil’s plans to expand the business and attract more customers for his sausages.

The first person to leave was Kevin O’Leary, who didn’t think frozen food was a wise investment. As a vegetarian, Robert Herjavec also left since he didn’t feel a connection to the product. Daniel Lubetzky thought the business had potential. He proposed $250,000 with 15% ownership. 

Lori Greiner quickly made her own offer, which was $250,000 for 18% of the stock. 

Afterward, Mark Cuban chose to collaborate with Daniel Lubetzky. They jointly made an offer of $300,000 for 15% stock. Phil Wong gave the deal considerable thought and decided to accept. He was happy to have two sharks assisting in the expansion of his Misfit.

What Went Wrong With Misfit On Shark Tank?

Misfit Foods failed to spark the curiosity of every shark. Kevin O’Leary chose not to invest because of his past negative experiences with frozen meals. It was not a business he felt comfortable investing in. Likewise, Robert Herjavec declined the offer. 

He didn’t think Misfit Foods was the best fit for him because he was a vegetarian. The sharks who refrained from making an offer did not consider the product valuable for their own or their company’s needs. However, Phil eventually struck a deal with Daniel Lubetzky and Mark Cuban.

Product Availability

A variety of goods are available from Phil’s Finest (previously Misfit Foods). They now sell their original half-meat, half-vegetable sausages as well as flavored ground beef and chicken sausages. Sprouts Farmers Markets and other retail locations across the United States carry Phil’s Finest items. 

Additionally, supermarket delivery firms offer them online. Local shops like Park Slope and Riverwards Produce carry their items if you reside close to Philadelphia or Brooklyn. Additionally, you can visit their website to view their entire product line. Depending on the goods and retailer prices might range from $5.99 to $7.99.

Conclusion 

Phil Wong came to Shark Tank with a clear goal. His goal was to promote a better diet by combining meat and vegetables. His idea worked. Though the actual deal involving Mark Cuban and Daniel Lubetzky never took place Phil’s Finest is still thriving.

In addition to adding flavored ground beef and chicken sausages to their lineup, they have sold over two million sausages. More individuals are being helped by the Misfit to eat healthier and we can anticipate even more exciting things from them in the future. Watch out for Phil’s Finest’s upcoming projects!