The Sharks listen to Entrepreneurs who make the pitch of their life on National TV, looking to get funding for their business ideas. The Sharks almost always counter, what Entrepreneurs propose, but occasionally, The Sharks are willing to pay more to beat another Shark out of the deal.
The Sharks all began as Entrepreneurs prior to transitioning into the investor role, giving them a unique perspective, when critiquing each deal. So far, eight investors have participated on the show. Two of the investors, Kevin Harrington and Jeff Foxworthy no longer appear, while QVC Queen, Lori Greiner, and Real Estate Mogul, Barbara Corcoran rotate appearances.
The Sharks – Season 5
- Daymond John – Founder and CEO/President FUBU, FB legacy and Shark Branding
- Robert Herjavec - The Herjavec Group, Dragon’s Den,
- Barbara Corcoran - Founder, The Corcoran Group
- Mark Cuban - Owner, Dallas Mavericks, Landmark Theatres, Magnolia Pictures
- Kevin O’Leary - O’Leary Funds, O’Leary Fine Wines
- Lori Greiner - Queen Of QVC, Inventor and Entrepreneur
- Steve Tisch – Film and TV producer and NFL executive
- John Paul DeJoria – Hair Care Tycoon and Philanthropist
- Kevin Harrington - Co-founded HSN (Home Shopping Network), TV Goods, As Seen On TV
- Jeff Foxworthy - Comedian, Brand Builder and Investor
The Sharks Appearing on Dragons Den
The Canadian Reality TV Show, Dragons Den, provided the inspiration for ABC’s Shark Tank. Two Sharks, Robert Herjavec and Kevin O’Leary, also appear on Dragon’s Den. The show is blocked in the USA, but clips occasionally make it into Google feeds and YouTube.
Investors Don’t Fight Like The Sharks…
Just because, an Entrepreneur never experienced a negotiation like what happens on Shark Tank Reality TV, doesn’t it won’t happen in real world negotiations. Each investor offers a different approach, and sometimes you will find yourself in a room full of investors, pitching to 10,20 even a hundred investors if you have the connections.
The best strategy to deal with The Sharks or any investor, is to study the previous episodes, join Toastmasters and practice your pitch, and know your numbers. You can never be too prepared to walk into the Shark Tank.