New Shark Tank Episode: Season 7 Episode 5

Shark Tank Season 7 episode 5 airs Friday, Oct 23 (9:00-10:01 p.m., ET) on the ABC Television Network. In tonight’s episode, In one of the most exciting moments of “Shark Tank” history, the ante is upped when the Sharks start to bid OVER the asking price for one product and the million dollar offers start to fly. But will greed burst the bubble before a deal is set? Another pitch prompts a brutal brush-off from an irate Shark. Two parents from Salem, Massachusetts pitch their novel idea for managing Trick-or-Treaters’ excess candy with a children’s book and gifts; two men from Pacific Palisades, California tout their premium beef jerky made from filet mignon which has the Sharks swooning over the taste and the price point; a woman from Sand City, California pitches a full-length mirror designed to build self-esteem, and two men from Sandpoint, Idaho claim they have redefined drones with inventions that fly up to 60 mph and as high as 10,000 feet.

In addition, in a follow-up on the NYC-based Bantam Bagels, the company in which Lori Grenier invested last season, we see how their unique stuffed bagels fare when given a national stage.

Show Summary: “Shark Tank,” the critically acclaimed reality showthat has reinvigorated entrepreneurship in America, has also become a culturally defining series. The recipient of the 2015 and 2014 Emmy Award for Outstanding Structured Reality Program, the business-themed show returns to the ABC Television Network for its seventh season.

The Sharks — tough, self-made, multi-millionaire and billionaire tycoons — continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream, and potentially secure business deals that could make them millionaires.

The Sharks are: billionaire Mark Cuban, owner and chairman of AXS TV and outspoken owner of the 2011 NBA champion Dallas Mavericks; real estate mogul Barbara Corcoran; “Queen of QVC” Lori Greiner; technology innovator Robert Herjavec; fashion and branding expert Daymond John; and venture capitalist Kevin O’Leary.

The Entrepreneurs who dare to enter the Tank must try to convince the Sharks to part with their own hard-earned cash and give them the funding they desperately need to turn their dreams into million dollar realities. All of the good, bad, emotional and even absurd pitches help showcase the “I wish Ihad thought of that” business ideas and products.

But the Sharks have a goal, too — to get a return on their investment and own a piece of the next big business idea. When the Sharks hear an idea worth sinking their teeth into, they’re more than ready to declare war and fight each other for a piece of it.

Three exciting new Guest Sharks will go into the Tank and appear individually alongside four other Sharks in various episodes during the 2015-2016 season. They are: actor/producer/entrepreneur/investor Ashton Kutcher, former Google executive/venture capitalist/tech veteranChris Sacca and entertainment mogul/branding expert/investor Troy Carter.

There will also be specially-themed episodes, including ones where all the products are Made in America, a holiday episode and episodes featuring all millennials and US military veterans. “Shark Tank” episodes will continue to include follow-up stories, allowing viewers the opportunity to see how some investments led to success.