Daymond John Jumps in a Different Shark Tank

Daymond John

Daymond John

Daymond John has partnered with Edison Nation to fund promising entrepreneurs with “the next big thing.” Edison Nation recently gained a lot of Shark Tank related exposure with the appearance of Jared Joyce on last week’s show. Jared didn’t do a deal with the sharks, but he ended up doing a deal with Edison Nation.

The Shark Tank has brought the small business person and niche inventors into prime time. In the past, folks who tinkered with a “better mousetrap” did so in relative obscurity. The Shark Tank has changed that as it provides a vehicle for funding and exposure to the masses. As Jared proved, sometimes entrepreneurs don’t need to be funded by the Sharks to move forward with their ideas. The Shark Tank can be a vehicle to introduce products to other investors.

Edison Nation is basically an incubator and conduit for inventive people with great ideas. They are able to take inventions with promise and aid with introductions to major distribution channels and manufacturers. In addition to being an excellent educational resource for entrepreneurs, they take on all (or most of) the “grunt work” involved with bringing a new product to market. They have $25 million earmarked for investing in whatever “next big thing” comes along.

It is interesting that Daymond became involved. He obviously enjoys his role as angel investor to promising entrepreneurs and is showing his committment  publicly by entering into this partnership. Daymond makes no secret about his humble beginnings with FUBU, his international brand of clothing; it is literally and figuratively a rags to riches story.

Often the Sharks are portrayed as somewhat heartless and cut throat on the show- it makes for entertaining TV. They are just playing a part; every Shark Tank entrepreneur I have spoken with, even the ones who did not get funded, have nothing but nice things to say about the individual sharks. Daymond obviously has his heart in the right place, to see someone in his position putting himself out there as a resource for beginners is refreshing.

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About Rob Merlino

Real Estate Agent, Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
Rob can help you buy or sell real estate anywhere in the United States.

Comments

  1. Love that show!~

  2. Thanks for the nice introduction about Edison Nation. Sometimes, we never really know a person if we only watch TV. Now we know more about Daymond John in the positive light of the partnership.

  3. Elza van Swieten says:

    thank you for sharing, we don’t have #sharktank here, but nice to be able to read it here

  4. last Baby Boomer says:

    I finally broke down and watch the show last week. The contestants I have seem where to put it nicely… COMPLETE idiots who i would not invest a dime with unless i had full P&L over site of the operation and a ownership of the IP.
    I will say however that when place alongside most of the utter crap that passes for television today this one is watchable.

  5. Lucas Wyrsch says:

    Thanks Kirk for sharing Daymond John who has partnered with Edison Nation! Have a great Thursday! Best, Lucas

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