I was sitting on my couch last night watching Shark Tank and thinking to myself about how we could get more blog content on Reality TV Hangover. Then a light bulb went off in my head: I am currently watching a reality show; a show I’ve followed for all eight of its seasons. Even one that I feel I can put forth some insightful commentary on. You see, I’m a bit of a startup nerd. TechCrunch is in my most viewed websites list and my podcast feed is full of content about startups and marketing. So without further ado, here is my newest piece of writing: The Shark Tank Blog.
Let’s get into a brief bit of background before I dive into the episode. I’m a big fan ABC’s Shark Tank (and its Canadian predecessor, Dragons’ Den). I’ve watched all eight seasons, some live and some in a back-binge once I realized how much I loved the show. My personal favorite Sharks are Mark Cuban, Robert Herjavec, and Guest Shark Chris Sacca. I’m not a fan of Barbara Corcoran, so I apologize for any of her fans having to deal with my occasional anti-Barbara comments.
But, even as a huge fan (one that buys into the immense good the show does for small businesses), I take everything I see with a grain of salt. I worked at a venture capital backed startup last year and what the show puts forth is a far cry from the real world. Investment decisions take place over multiple meetings and pitches and require a lot of due diligence. One thing I always preferred about the Dragons’ Den is that they reference the due diligence a lot more on air. Only about 30% of the deals made on Shark Tank actually lead to an investment. So even though the show emphasizes that it isn’t dramatized, it totally is.
So that brings us to this week’s episode, which features all six Sharks! Let’s dive into the tank:
Pitch #1: Eco Flower