In addition to my love of business and all things entrepreneurship, I also have an avid interest in TV. While this isn’t always a productive habit, it tends to clear my mind sometimes and I enjoy it quite a lot. What do I watch? Well, that depends on the day and my mood mostly. From crazy reality series to police dramas, I seem to make my rounds with the channels and keep my DVR full. One show that I have taken a special interest in lately, though, is Shark Tank.
When I first found the show, I watched just to see what it was all about. I am not really into the whole “talent search” scene, but was intrigued with the entrepreneurship aspect that the show presented. The thought of feeding my business addiction, while being entertained and maybe even educated, seemed like a perfect combination. After a few episodes, I really found myself hooked on it! So, to all of you other fellow viewers out there… here is why I love Shark Tank!
While the idea behind the show is a really cool concept overall, I especially like the judges. Being able to see names that I admire, like Mark Cuban, in action is really pretty spectacular. While the judges do rotate and change from time to time, people that have dubbed the role of “shark” include regulars Kevin O’Leary, Daymond John, Kevin Harrington, Robert Herjavec, Barbara Corcoran, Lori Greiner, and Mark Cuban. On occasion, guest appearances are also made, like comedian Jeff Foxworthy, in Season 2. But, one thing is for sure, no matter what combination of shark VC’s are present, there is always a little drama and a lot of fun.
If you have watched this show even once, then you probably know what I am talking about. From products that are off the wall outrageous to startups that are really pretty ingenious, watching the contestants pitch their best sales line to the sharks is just good entertainment. I also, oddly enough, find it pretty educational. More than once I have been surprised to see how a shark responded and was able to learn a bit about what factors they used to make or break the deal in question.
Last but certainly not least, are the negotiations. While these typically take place between shark investor and the budding business owner to be, there have been a few occasions where the sharks were seen fighting among themselves as well. The drama and suspense involved, coupled with the information on investment amounts and company percentage claims makes this one of my favorite parts of the show. Will the would-be entrepreneur walk away a winner? Well, it seems that a swim with the sharks is required to find out!
If you haven’t yet seen this show, it really is something to add to your watch list. On top of the entertainment value, entrepreneurs and business owners will be able to see what real-live venture capitalists and angel investors are looking for and asking about. It also may give you some new ideas on products to invest in yourself. While it is TV and not the end all to investment insight, it sure beats the hell out of American Idol for something to watch!