Have a million dollar idea but need capital to get it off the ground or take it to the next level? Then dust off your sales pitch and head to the Fox Theatre this weekend to interview for CBS’ Emmy nominated reality show “Shark Tank.”
“Shark Tank” features six self-made millionaires and billionaires who evaluate entrepreneurs’ business ideas. The sharks include: outspoken billionaire Mark Cuban, owner and chairman of AXS TV and the Dallas Mavericks; real estate tycoon Barbara Corcoran; QVC product guru Lori Greiner; tech entrepreneur Robert Herjavec; clothing executive Daymond John; and pitbull venture capitalist Kevin O’Leary.
It is up to you to pitch your new idea in a creative way and convince the sharks that your idea will make money. Serious money. The sharks don’t play around and if they like your idea, they have every intention of making themselves and you a lot of money. If the sharks like your idea, then the tables turn and the sharks will make you an offer for a cash investment, equity, a complete buyout, etc.
But they don’t call these savvy investors sharks for nothing. Contestants have to evaluate the sharks’ offers and make sure that it is a deal worth taking. If your new product or service is good enough, the sharks may even turn on each other while they fight to get the best money-making ideas for themselves.
“Shark Tank” is based off a Japanese show called “Dragons’ Den” from Nippon Television Network. It was adapted for American audiences by Sony Pictures Television. The show airs Fridays at 9 p.m. on CBS. Can you swim with the sharks and survive?