After watching the new TV show Shark Tank, I can’t help but compare it to a show that was on not too long ago where people were pimping their new inventions. The Shark Tank seems like the same concept with an interesting twist – The Business Sharks. Entrepreneurs get to meet the Sharks face-to-face and try to convince them why they should invest in their product, idea or company. It’s not an easy thing to do. I can hear people’s voices cracking while they are selling their idea to the sharks. Others are arrogant or greedy – they just do not see a good deal when it’s right in front of their face. It’s interesting to watch the show just to see what kind of new ideas/products people are coming up with these days. Some, like the Voyage-Air Guitar and the Lifebelt, are good ideas in my opinion, but they could not come to an agreement with the sharks.
Let’s meet the Sharks now.
Barbara Corcoranis in the Real Estate Industry.
She started her business with $1,000 and it is now worth $5 Billion.
Robert Herjavec is in the Technology Industry.
He sold his first tech company, BRAK Systems, to AT&T for $100 Million.
Kevin Harrington is the Infomercial king.
He started the Infomercial Industry 25 years ago in 1994.
His first company, Quantum International, reached $500 million in annual sales.
Daymond John is in the Fashion Industry.
His first huge success was FUBU Sportswear (For Us, By Us) which earned $350 million in 1998.
He started out making and selling tie-top hats on the streets of Queens, NY.
Kevin O’Leary works with Educational Software.
He sold his company, SoftKey Software Products, to Mattel for $3.7 billion.
[Source: Shark Tank/ABC]