Shark Tank

My 10 year old daughter loves to watch this show with me. It's our Daddy/Daughter time.

Ever since then, she started pitching me products...

Dad? How about we put different color duct tape on laptops?

Dad? How about we make a purse out of duct tape?

Dad? Can I start a dog walking business?

Dad? Can we do a lemonade stand?

This summer when school is out I'm going to make 'Millionaire Fastlane' our good night reading... :p Only, I'm going to skip on the 'do not go to college' part...
 


avatar33 said:
I want to see somebody with a killer idea go in there with a secure investment in hand, just for the fun of it, pitch his idea, wait for all of them to get excited and want to jump in and then say:

"I came here for the lulz and the free advertising. I already have strong investors with me and small business grants pouring in. Fuck you all. Good luck bros"
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Something tells me Marc Cuban wouldn't be very hurt.

"Good luck? I own the Dallas Mavericks. Have fun lollerskating home."
 
Otinsdale said:
that dude with the individual wine cups fucked up not taking their deal....both times! I just saw some company came out with the same thing but wayyyy better looking designs and the cups snap together on top of eachother to hold together in the packaging and afterwards.
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That guy really pissed me off. The 2nd time he came back, when Cuban and someone else wanted to invest, whether he was going to say yes or no, he's a douche for doing some dragged out dramatic wine sip before answering.

I actually laughed when Cuban said fuck this im out. I'm pretty sure the owner was going to say yes, if you go watch it his face looks like a fat kid just got his oreos taken away.
 
mpbiz said:
That guy really pissed me off. The 2nd time he came back, when Cuban and someone else wanted to invest, whether he was going to say yes or no, he's a douche for doing some dragged out dramatic wine sip before answering.

I actually laughed when Cuban said fuck this im out. I'm pretty sure the owner was going to say yes, if you go watch it his face looks like a fat kid just got his oreos taken away.
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What's the name of the brand?
 
If you want to see some comedy you should checkout this episode of dragons den where it shows the behind the scenes due diligence and in one of the segments this happens:

OMG Robert Herjavec, Kevin O'Leary, and Jim Treliving have signed the line and are funding our company!

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I'm sure glad our professor with no real world business experience is here to witness this.

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Oh shit, he feels the need to voice his opinion on this deal!

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LOL WTF bro? I went from $0 to $3 billion and my 2 partners here went from $0 to $300+ million in less time than it took you to get a masters degree!

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Yea but the measly $200,000 and the years of business experience you bring to the table isn't really worth it, look I can prove it on my whiteboard....

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LOL screw this, give me back my check!

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LOL you mad? Oh BTW, I'm out.

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Why did we have to invite our professor....

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[ame=http://www.youtube.com/watch?v=JiSQ6BopVIk]Dragons' Den Canada - Season 4, Episode 7 - YouTube[/ame]


The lols start at 13:23
 
Well you guys obviously haven't seen Steve Job pitching iPad on Dragons' Den

[ame=http://www.youtube.com/watch?v=QKsPLPZPkEI]Steve Jobs pitches iPad on Dragons' Den - 2010 Unwrapped with Miranda Hart - Preview - BBC Two - YouTube[/ame]
 
Celtik said:
I'm waiting to see an update of a business that didn't do well after the Shark Tank. All of the updates I have seen so far(for both companies that got invested in or didn't get invested in) are doing well now due to the investment or just based off the advertisement of being on TV.
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Actually, I did find something recently. If any of you remember the "Toygaroo" episode, they're now out of business.

Shark Tank Bankruptcy

and here is a blog of the CTO of toygaroo:

philsmy.com - the small business blog
 
Wiggy said:
The one who REALLY kills it is Mark Burnett (the creator). I read - think it was on here - that the TOS of the show states that he's somehow cut into all the deals that are made.
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From an article about the guy who did the vest that ran the wires through it

I originally pitched SCOTTEVEST to "Shark Tank." TEC is the technology, but the vest is what consumes most of my time. What I realized in the pitching process was that the producer, Mark Burnett, gets a portion of every company featured, whether they get funding or not. When I got the materials, I thought 'Wow, am I really willing to give up a portion of a company on track to do $24 million dollars a year to Mark Burnett?' I did some math to see if the value of that percentage was worth the exposure, and I decided no, I could sell that percentage of the company and buy that exposure and control it. So, I scratched my head and I pivoted, as you do in business. I decided to pitch TEC instead, but I couldn't go in there and pitch TEC and then start talking about SCOTTEVEST.
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Source and full article - Scott Jordan, SCOTTEVEST: A Business With Deep Pockets Enters The 'Shark Tank'
 
That would be very funny but I don't think they are allowed to do that. They are required to at least listen to the pitch before saying, I'm out! lol

SkyFire said:
I want to see one of the Sharks cut someone off right after introducing themselves with an "I'm out". lol.
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Gambit said:
I saw this episode, and that really makes a lot more sense. He came off as a huge douche but a smart guy. That is really smart to pitch only the jackets instead of the patent.
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I think he did the opposite. He pitched the patent instead of the already successful jackets. I haven't seen that episode yet though.
 
There is another patent-pending 'invention' that'll be invalidated... the shirts that show a new print when when. I had swim shorts like that 10 years ago.
 
Yeah, the producer got 1% if im not mistaken.

I thought it was only on the deals though.

Pretty nice for him if it is on everything.
 
What's crazy is that even if the people going on Shark Tank have shit products, most of them still wind up doing well just because of the million+ immediate viewing exposure by being on prime time TV.
 
Celtik said:
I think he did the opposite. He pitched the patent instead of the already successful jackets. I haven't seen that episode yet though.
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You're right, I got them mixed up. It makes sense on his end though.


Also, Mark Burnett getting a portion of the company for just allowing them to pitch their product on the show is pretty genius. He has to be making BANK.
 
mpbiz said:
That guy really pissed me off. The 2nd time he came back, when Cuban and someone else wanted to invest, whether he was going to say yes or no, he's a douche for doing some dragged out dramatic wine sip before answering.

I actually laughed when Cuban said fuck this im out. I'm pretty sure the owner was going to say yes, if you go watch it his face looks like a fat kid just got his oreos taken away.
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That dude was a fucktard. He thought he was a genius or something. Cuban got it right to say he was out. Who the fuck would want to work with a guy like that?
 
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