Give ne back my hat!

Io, have you seen this show? Is Shark Tank a real business show?

I don't think it is. Most people have lousy idea. Some use the show to promote their products.

I just can't believe someone would want to offer 30% of their company for 200K in cash.
Permalink WorldRoverski 
September 6th, 2017 4:28pm
It's completely non-binding, and extraordinarily few of the deals actually happen. People go on it purely for the free publicity.
Permalink Simulacrum 
September 6th, 2017 5:30pm
Not just 200k in cash: that and a Shark, with all their brilliant business acumen and network of connections.
Permalink NPR 
September 6th, 2017 5:41pm
Although they occasionally talk about successes on the show, they never go back to look at the failed ventures.  That alone makes me wonder about the quality of the show.
Permalink Bill Ding 
September 6th, 2017 6:22pm
>they never go back to look at the failed ventures

I am not sure if it is still airing, but there is a companion TV series titled "Beyond the Tank" which looks at some of the deals that did get made.

https://en.wikipedia.org/wiki/Beyond_the_Tank
"Each episode follows up with entrepreneurs who appeared on Shark Tank. The show does not focus exclusively on successful entrepreneurs; several segments have featured entrepreneurs whose deals with the "Sharks" failed, while others focus on entrepreneurs who did not receive investments."


>Is Shark Tank a real business show?

Define for me what a business show is suppose to look like. Anyway, I would say the TV show titled "The Profit" is closer to what I would define as a business show.
Permalink One Programmer's Opinion 
September 6th, 2017 7:06pm
OK, I think I misstated the phrased "real business show".  I meant to say that was it staged?

For example, in one of the "Kitchen Nightmare" shows they have known that a restaurant is going to close down due to not being able to renew the lease. However, they went ahead with the redecoration and the revamped menu created by Gordon Ramsay. So in this case it is a staged show trying to make a comeback for the restaurant that has no comeback.
Permalink WorldRoverski 
September 6th, 2017 7:17pm
> Recently Mark Cuban gave an ultimatum to the lawyers at ABC's Shark Tank: Either remove your equity clause or I'm not coming back, reports Jason Cochran.

> According to the clause, all contestants were required to give Finnmax, Shark Tank's production company, either 2 percent of their profits or 5 percent equity in their company. This rule applied regardless of the deal struck with investors, and all contestants since Season One were obliged to agree to it.

https://www.inc.com/will-yakowicz/mark-cuban-forces-shark-tank-to-remove-equity-clause.html

"FYI, there is no additional equity or percentage of anything taken any longer. That was removed retroactively," he told a group of former contestants. "I told them I wouldn't come back this season if it wasn't." ABC and Sony Pictures Television declined to comment.
Permalink X 
September 6th, 2017 7:51pm
I looked up info on "The Profit" show. Marcus Lemonis was adopted by a rich family. So he had a leg up in personal life/career.

I don't know if I like the guy.

"Under his direction, Camping World and Good Sam launched Project Good Samaritan as part of their 2013 goal to foster corporate responsibility, which requires a team of nearly 7,000 employees to volunteer 32 hours per year (eight per quarter) to causes that are meaningful to them."

Yep. You are required to volunteer. I would never work for anyone that requires me to do things outside of my work!
Permalink WildRiver 
September 6th, 2017 8:51pm
A leg up?

You were supposed to be in gookland and we took you in !!! That's like a 100x leg up
Permalink X 
September 6th, 2017 9:10pm
Thank you, X. I'm here to take your abuse constantly. Fuck you and the uterus where you rode in.
Permalink WildRiver 
September 6th, 2017 9:16pm
>Marcus Lemonis was adopted by a rich family. So he had a leg up in personal life/career.

That really doesn't bother me at all. Watching his show, compared to the others, his is the most focused on actual businesses and turning things around.
Permalink Pie is a lot better than fine 
September 6th, 2017 11:02pm
How is Shark Tank different from Dragons Den?

https://en.m.wikipedia.org/wiki/Dragons%27_Den_(UK_TV_series)
Permalink Send private email Io 
September 7th, 2017 12:18am
>I would never work for anyone that requires me to do things outside of my work!

He pays his employees their normal hourly wage/salary while they are doing volunteer work.


>I don't know if I like the guy.

I believe this country needs a lot more employers that are like him. Why? Here are two reasons that I can think of: (1) He invests in companies that do business within this country and (2) he typically pays his workers more than their former employer did.
Permalink One Programmer's Opinion 
September 7th, 2017 2:04am
I also enjoy the Profit. Lemonis does treat the employees like human beings. I like the way in one episode he advocated for a dedicated employee to get equity.
Permalink NPR 
September 7th, 2017 7:54am
@Io: The two shows are very similar, almost identical in format. The investors and their personalities, negotiating styles give each show a unique feel.
Permalink NPR 
September 7th, 2017 7:57am
Dragons Den exists here too since about 10 years. Haven't watched the show in a loong time, was surprised that it's still running.

It's just a facade and you've got the same chances as with any VC, angel, startup accelerator or what else. Basically nobody gives you shit until you no longer need them to give you anything.

It's feast or famine and you're all on your own.
Permalink Io 
September 7th, 2017 11:40am

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