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SHARK TANK:
A TV SERIES REVIEW
Are you an aspiring entrepreneur? Do you want to increase your worldly knowledge about the workings of business?
Facebook, Whatsapp, Instagram, Ola, Über - all started from a business idea. But how did they get it to the place where they are now?
Are there many more like them which we don’t even know about yet?

Don’t worry! This is the series to see.

I came across this show called Shark Tank which I watched cluelessly for a while, but it got me hooked.

This TV Series has a panel of investors (sharks) who are ready to invest money in promising ideas from aspiring entrepreneurs from different parts of the world.

An entrepreneur who has an idea about any new product which they can develop, comes onto the show and sells their idea to the investors.

“Selling the idea” may include talking about it, a demo model provided, any pamphlets, any instructions or any brief information about said product imparted to the sharks. Some people even sing a jingle or showcase their product in an Advertisement clip to sell their product.

The main aim of the entrepreneurs is to get funds to make their idea into something big.

For this, the entrepreneur has to convince a shark that their idea will be profitable to both. In return, the shark will also help manage and sell the product to the customers.




THINGS I LEARNT FROM THE SHOW

1. What are sharks?
Sharks are investors who are ready to help you with an idea to make it come to life in exchange for a profit share. They mentor the entrepreneur and help them grow based on the potential of said idea.

(Who knew the simple word “Idea” had so many hopes and expectations hanging on it?)

2. 0.5% is a huge amount when it comes to equity. (Totally worth having a solid discussion over.)

3.  You think that you’ll see an idea and forget about it? (Never! The show keeps popping up with information on companies the sharks invested in months or few years ago and where they are now)

5. Some ideas are so good...I’m sure it’s everyone’s dream to have sharks fight over mentoring them!

6. Not all ideas come to life! Well, don’t be disheartened! We’ll just have to think of another one! At least, they didn’t sugar coat the obvious truth!

7. Negotiations! They do work. Give and Take Relationships?

8. Sharks - Mark Cuban, Kevin O’Leary, Robert Herjavec, Lori Greiner, Daymond John, Barbara Corcoran, Bethenny Frankel !

(I didn’t even know who they were before I saw it, novice that I am, so no worries for all you first timers out there! )

IDEAS PRESENTED

Do you know how big your foot is? Well, the easy way out: An iPad app to measure your foot size (I’m shocked it doesn’t already exist)!

An app to reserve a bar stool on busy nights! (Just imagine!!)

Having issues with tying knots on Water Balloons? (What a nightmare when you’re on a mission!)Don’t worry some serious ideas were taken up by pharmacists, doctors, engineers as well!

This show has it all! The only thing left is you and your overactive imagination!
The world is changing here, Where are you?




Written by: Rhea Sachdev

Comments

  1. Unknown29 August 2018 at 13:15

    Brilliant piece of Work!!Very well written! It was really Insightful

    ReplyDelete
  2. Unknown30 August 2018 at 08:08

    One of the best stuff written on an amazing show!
    Loved it

    ReplyDelete

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