3 ms·
I just think he really likes the show and really think he can help entrepreneurs (I happen to agree with both). SharkTank sure is sometimes a media play, and it
by nchuhoai 14y ago
I just think he really likes the show and really think he can help entrepreneurs (I happen to agree with both). SharkTank sure is sometimes a media play, and its sometimes less about the entrepreneur than the story, but you gotta admit that he is helping some really good people.
- bluetidepro 14y agoOh yeah, I definitely agree. That comment wasn't meant to be a stab at him or anything. Just how I thought he, personally, viewed the show. I actually love watching SharkTank, for it's entertainment value. There is even a local guy in our local "startup scene" that will be on the show here in the upcoming season! Pretty neat.
- uptown 14y agoI've always wondered about the equity deals that get struck on SharkTank. Sometimes you see them make deals where the founder retains 51% of the company, but if you dig into the paperwork from ABC you see "ABC takes 5% equity or 2% royalty from all companies that appear on Shark Tank" (previous discussion: http://news.ycombinator.com/item?id=3946008 http://news.ycombinator.com/item?id=3946008 ). Whose share does that come out of, and where does that leave the founder? If it comes out of their share, they'd be left in a minority position if they now hold 46%, the "shark" hold 49% and ABC holds 5%.