What is Shark Tank About?
The critically acclaimed “Shark Tank” gives budding entrepreneurs the chance to make their dreams come true, and possibly make a business deal that will make them a millionaire.
The panel of five Sharks will hear pitches of the best business and product ideas from some of America’s brightest entrepreneurs, ranging from start-ups from stay-at-home moms and dads, to simple yet brilliant ideas in a wide range of areas including children’s products, music, sports, automotive, and even the nightclub scene.
The entrepreneurs who dare to enter the “Shark Tank” must try to convince the tough, self-made, multi-millionaire/billionaire tycoons to part with their own hard-earned cash and give them the funding they desperately need to jumpstart their business ideas. But the Sharks have a goal, too — to get a return on their investment and own a piece of the next big business idea.
In exchange for the Sharks’ cash investment, the entrepreneurs give up a percentage of their companies’ equity. When the Sharks hear a great idea, they’re ready to fight each other for a piece of it. If and when the Sharks are confronted with a really top-notch idea, and more than one of them want to sink their teeth into it, a war between them erupts. Then the once-desperate entrepreneur can rejoice that the Sharks find value in their product, service or business. But if the pitch is poor, the Sharks will tear into the ill-prepared presenters and pass on the idea with a simple, “I’m out!,” sending them scurrying for the exit, having wasted the Sharks’ precious time.
Robert Herjavec, Barbara Corcoran, Daymond John, Kevin O'Leary, Mark Cuban.
December 13, 2013
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