I first saw this show about a year ago on ABC by fluke, and never found it again on the dial, then kind of forgot about it, until last week when it was on Sunday night. A great reality show, where aspiring entrepreneur's pitch their idea's/products to a panel of established millionaires to try get capital in exchange for equity in the company.
Apparently this is the second season of the show, and they added Mark Cuban to the panel which includes Daymond John, founder of Fubu, among other business people, who consist of the sharks.
It's fascinating to watch, especially when the sharks start trying to outbid each other to buy into these upstarts.
The show is an Americanized/Mark Burnettized version of Dragons' Den, which has been airing in Canada for a number of years. It's also worldwide, having originated in the UK.
In fact, two of our dragons - Robert Herjavec and Kevin O'Leary - are now sharks.
The concept is simple but brilliant. It's amazing to see what ideas and services are being brought to light by entrepreneurs. It was amazing watching the skepticism first expressed by the sharks over the nasal filter business turn around when it was shown that the business potential was amazing. Amazing enough that the candidate turned down $4 million.
Mark Cuban is an excellent addition to Shark Tank. He's got personality, celebrity, and still a good business sense. I'm not as convinced about Barbara Corcoran. I don't know much about her, but with her background being in real estate, there aren't too many other businesses she can jump on board with.
The real potential breakout personality is Kevin O'Leary, who is equally admired and reviled up here in Canada, mainly because he's a brash, arrogant jackass who routinely insults a lot of the people before him, and does so in a heavy-handed manner.
I've enjoyed DD for a few years and I'll keep watching ST. I must admit to buying a couple of products I've seen through the years on DD, and I'm pretty sure I'm going to order those nasal filters that was on Friday's episode of ST - I needed those 25 years ago as an allergy-laden kid growing up in a humid climate.
Dragon's Den actually originated in Japan. And Shark Tank is a pale, pale imitator in comparison to the UK version. I'm sad that Peter Jones wasted his time on the American Inventor show a few years back, and decided to not take part in Shark Tank.
The first season they seemed to try a few different format tweaks, but it's still kind of annoying that Robert Herjavec seems to think he needs to lead the other sharks. I much prefer the more realistic UK version, where it actually seems like these people are looking to invest in the products.
(edited by Mike Zeidler on 27.3.11 0822) "Tattoos are the mullets of the aughts." - Mike Naimark
I promise, this month, I will have a new one of these EVERY Tuesday. This way, it doesn't get stale after a week and I'll be able to keep up with it a little better. Help the board out and buy something, won't you.