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Showing posts from December, 2017

Why shows like Shark Tank are extremely misleading

Shark Tank is an American reality TV show in which " Aspiring entrepreneurs from around the world pitch their business models to a panel of investors and persuade them to invest money in their idea." . It was started in 2009 and is currently in its ninth season. The show revolves around entrepreneurs who pitch their idea to a group of 4-6 investors and hope to secure an investment from at least one of them. While the idea behind this show is not only to provide a platform for entrepreneurs to win an investment but also improve and inspire young minds who watch this show, the show is extremely misleading. In each episode, about five startups pitch their ideas to the panel. Each entrepreneur begins by introducing themself, their venture and their ask (eg. $100,000 for 10% stake). This is followed by the panel of 'sharks' questioning them about their product/idea/revenue/future plans and likewise. After this, potential investors either agree to invest or