Where Is Jack's Stands From Shark Tank Today?

Enterprising kids have been using lemonade stands as a means of earning a few bucks for decades. 

As far as business models go, lemonade stands are tailor-made for children's skills and abilities. Stands can be set up in front yards or on street corners to make the most of foot traffic. The cost for supplies is pretty reasonable (especially when pilfering the family pantry for what you need). And most kids feel comfortable whipping up a refreshing pitcher of lemonade to ensure their customers remain properly hydrated.

A lemonade stand also happened to be the solution to then eight-year-old Jack Bonneau's money woes when it came to a highly valued toy. Upon learning that the much-desired Star Wars Death Star Lego set cost a whopping $400, Jack's father encouraged his son to earn the money for himself. And after serving lemonade at various farmer's markets, Jack had enough money to purchase the set. He also developed a passion for entrepreneurship, which eventually led him to "Shark Tank," where he hoped to capitalize on his business concept, Jack's Stands & Marketplaces.

As Jack Bonneau explained during his "Shark Tank" appearance, the goal of Jack's Stands & Marketplaces is to help other kids develop the entrepreneurial and financial skills necessary to succeed in business. During the appearance, Jack and his father, Steve, requested an investment of $50,000 in exchange for 10% of the business, which they hoped could help bring other children into the fold and allow them to develop lemonade stands.

All the Sharks expressed great admiration for young Jack and his impressive entrepreneurial prowess. However, most raised concerns about Jack's age and his ability to devote sufficient time to the business when considering his school career. Kevin O'Leary suggested that Jack focus on his studies before becoming an entrepreneur, while Mark Cuban mirrored his sentiments. 

Guest Shark Chris Sacca was the only one willing to make Jack an offer, citing his impressive pitch. Sacca offered a $50,000 loan with an interest rate of 2%, provided that Jack accepted the loan in $10,000 intervals to ensure his business continued to thrive. Jack and his father accepted the offer.

It's always heartening to see a "Shark Tank" success story, and Jack's Stands is no exception. The company appears to be thriving, with stands listed in a number of locales. Jack's Stands was also established in Good Time restaurants throughout Colorado in 2018. 

Additionally, Jack Bonneau started a new project, Teen Hustl, which provides local package deliveries via bicycles and scooters. Teen Hustl also helps customers with Amazon returns by picking items up at homes and transporting them to local return establishments.

Thanks to his many successful startups, Bonneau has been lauded for his very impressive accomplishments. In 2020, he was the recipient of the U.S. Chamber of Commerce's Young Entrepreneur Achievement Award, a highly prestigious achievement for a teenager. Bonneau was also able to overcome the numerous challenges that accompanied the COVID-19 pandemic, which confounded even seasoned entrepreneurs running established businesses. The future looks bright for Bonneau and his businesses — you're never too young to have an amazing idea.