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August 25th, 2009

The Shark Tank

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.

shark-barbara

 

  Barbara Corcoranis in the Real Estate Industry.

She started her business with $1,000 and it is now worth $5 Billion.

 

shark-robert

 

Robert Herjavec is in the Technology Industry.

He sold his first tech company, BRAK Systems, to AT&T for $100 Million.

 

 

shark-kevin-h

 

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.

 

shark-daymond

 

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.

 

shark-kevin-o

 

Kevin O’Leary works with Educational Software.

He sold his company, SoftKey Software Products, to Mattel for $3.7 billion.

 

 [Source: Shark Tank/ABC]