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There was just another example of this - A company called Plated, Cuban agreed to invest during the show then backed out during due diligence. I guess Mr. Wond
by sharkweek 9y ago
There was just another example of this - A company called Plated, Cuban agreed to invest during the show then backed out during due diligence.
I guess Mr. Wonderful found out and called them up to invest later. Plated just got sold to Albertsons for 300m, and O’Leary claims to have made 1300%+ return on his investment.
Poor Mark.
I love the show, I don’t think any of the sharks are “dumb money,” but I don’t think it’s an accurate representation of what a good investment for most businesses should look like.
- deleted 9y ago[deleted]
- acjohnson55 9y agoIf you like Shark Tank, check out The Pitch podcast. It's very similar in concept, but in execution, I like it a lot better: - It's one pitch per episode, which allows a bit more depth - It's narrated, which let's the host cut in to explain nuances - They circle back to find out what happened after the pitch if the investments actually close - No gimmick companies - No Kevin O'Leary
- kevincennis 9y agoThanks for posting this. Very excited to check it out.
- oh_sigh 9y agoKevin O'Leary is great. If you are on the benefitting side of what people call 'the worst deal of all time', you must be a pretty good businessman[1]. And I bet The Pitch host isn't a member of the Confrérie des Chevaliers du Tastevin. [1] https://www.telegraph.co.uk/finance/4467013/Mattel-sale-ends-3.6bn-fiasco.html https://www.telegraph.co.uk/finance/4467013/Mattel-sale-ends...
- acjohnson55 9y agoHe seems like a fine businessman, but an insufferable human being.
- mbesto 9y ago> I don’t think it’s an accurate representation of what a good investment for most businesses should look like So, honestly, what do "good investments" look like then? If anything I think the only problem with shark tank's portrayal of investments is it that it doesn't explain to the audience that it's wide viewership is the largest return for most of the founders on the show. Every founder who goes on the show knows this, but it's the "dirty little secret" that the audience isn't aware of.
- Larrikin 9y agoI think they have become a little bit better with letting the viewer know this. Cuban fought fairly publicly to retroactively void a term in the first few seasons of Shark Tank where even without an investment from the sharks ABC got a percentage of the company. They also call out pitches where the person has ridiculous terms and is obviously just trying to advertise for free.
- dastbe 9y agoOne thing that they don't show is that the pitches are substantially longer than what's presented on the show. Much of the drama and speed is down to editing.