Skip to comments.Who profits the most from ‘Shark Tank’ success?
Posted on 05/16/2014 2:51:19 AM PDT by SMGFan
On this season of Shark Tank, the Sharks have invested $16.8 million in the business ideas pitched to them by aspiring entrepreneurs but what happens after they close the deal?
As it does each week, Fridays season finale (8 p.m.) of the ABC series briefly updates viewers on several businesses funded in Season Five including RuckPack energy shots (approaching $500,000 in revenue), CordaRoys sleepers ($3 million), Cousins Maine Lobster food trucks ($3.5 million) and Fiber Fix adhesive tapes ($6 million).
Call it the Shark Tank effect
(Excerpt) Read more at nypost.com ...
I watched it a couple of times and I just couldn’t stand the Sharks. They are a bunch of asshats.
Just getting on the show and not getting a deal from the Sharks, you’ve just received millions of dollars in free advertising for your product or service and possible outside investors. You can’t lose.
We watch it and enjoy it. It’s pretty interesting watching the quick analysis that goes on.
I have now bought two things from QVC. To see a demo while lying on the couch worked for me. And very happy with the purchases.
notice how they never answered the question. some products go on to be successful, but did the sharks end up forcing the originators out and taking over, or did the originators of the idea prosper?
how many products would have made it anyway?
this is more marketing PR for the show than it answers the title question
There was one guy who had these cool collar stays which worked with magnets. He was a jerk, but I think he made a deal with Kevin. Have to look it up.
My husband read that about 30% of the deals never make it to finalization...
I was watching it last night. Some woman’s idea was grill charms. Basically if you are grilling and you have say 5 steaks that need to be at different temps, you put a charm in it before grilling. It acts as a thermometer and tells you when your steak is at the correct temp to be served.
She was going after the infomercial person. In the end she got a deal for 50k in exchange for 25% of the company. I would like to find out how she did.
I won’t argue with you about some of the Shark’s personalities, but I think the show is great because it is capitalism at it’s finest. I can’t think of another show that ‘teaches’ capitalism, hard work, success, etc. to the masses.
I think there are more than one of the two sharks that are just pretentious posers, myself. I’d really like to see some actual audited net worth statements from a couple of them.