Shark Tank Investors Listening To A Pitch
Highlights
- Kevin O’Leary and Barbara Corcoran reiterated the importance of a short pitch in a recent Instagram post.
- Daniel Lubetzky explained how entrepreneurs can make their pitches authentic.
- Every Shark investor further stressed that a pitcher should be aware of their business numbers.
The biggest question in every aspiring pitcher’s mind before appearing on Shark Tank is how they can ace their pitch in one go. Realizing the same, the show’s makers recently shared a social media post about the Shark judges’ views on winning over them with a quality Shark Tank pitch through an Instagram post.
The enthusiastic contestants and the viewers got to learn some essential tips about what can work in favor and otherwise. The video post included insights by the newly joined Daniel Lubetzky, along with Shark veterans Kevin O’Leary and Barbara Corcoran.
1. Articulate The Pitch In 90 Seconds Or Less
Through the first tip shared by Kevin O’Leary, the investor asked budding entrepreneurs to prepare their pitch in a way that can be presented within 90 seconds or less. This is because sharing extra information will only make the pitch stretched and the Shark investors uninterested.
The pitchers should instead focus on listing necessary details like their product/business name, offering, sales-related figures, and projections. Barbara Corcoran, too, shared similar thoughts when she said, ‘Don’t talk too much.’
2. Know Your Numbers
Sharing a ‘don’t’ for an ideal Shark Tank pitch, Kevin O’Leary made a bold statement that pitchers should not go on the show without knowing their numbers. He said, ‘If you come here without knowing your numbers, I will send you to hell.’ His fellow Sharks, too, held a similar opinion regarding an ideal pitch.
Barbara Corcoran said, ‘Sell us on your vision quickly.’ With this statement, she wanted to emphasize that pitchers get very little time for their presentation on Shark Tank. So, they should get to its core idea quickly. By doing so, they can allow the Sharks to start with their questions.
3. Be Authentic
The newest Shark Tank panelist, Daniel Lubetzky, shared some crucial pieces of advice for aspiring pitchers. He urged the upcoming entrepreneurs to present their authentic side on Shark Tank. Daniel stressed that they should share both the good and bad aspects, including their struggles.
This is because Daniel Lubetzky believed that everyone faces ups and downs, including the Shark investors. So, they would only appreciate it if the pitchers brought forth their honest personalities before the judges. Based on this, the Shark Tank judges could offer them some suggestions to improve.
4. Sell Us On YOU And Your Dream
With this tip, Barbara Corcoran asked aspiring entrepreneurs that they should prepare a pitch that presents a clear picture of why a Shark should invest in their product/business. The eventual aim of every pitcher should be to convince the panelists to believe in their dream.
If the Shark investors feel that the pitch is going in different directions or that there is no clarity about its offering, they would not think of investing.
View this post on Instagram
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.
Speak Your Mind