The SharkTank - Years of Lessons boiled down in 60 min for the Inventor and Entrepreneur
Has anyone seen the Shark Tank show on ABC? Awesome show! Intriguing blend of entrepreneurs and angel investors all chomping at the bit for power. A must watch on sun night or grab it on hulu.com !
I love this show, not so much for the entertainment value, which of course is cool, but for the lessons it provides. It gives you a quick and clear understanding into the minds of the angel investor and the typical entrepreneur. Both of them are pretty much a legend inside of their own mind, and since they are often on both ends of the spectrum, they must meet somewhere in the middle to do business.
Being the entrepreneur, I always forget why the angel investors always want more then 50%. But lets face it, they know how to conduct business and know the perils of business and letting the entrepreneur make the decisions without experience often is perilous. Watching the quick negotiations go on for millions of dollars of cash, equity and intellectual property as if it were loose change in ones pocket is amazing. It gives you real insight to the way business is done in this world.
So far the entrepreneurs have been strong, and haven't taken every offer that is available on the table, knowing there is more then just money. Integrity and personal philosophies are paramount and are often lost in capitalism. I am sure in the back of their mind, just being on the show is worth millions in advertising, so its likely they will be set even without the money offers. So guess who wins in the end? Hopefully the entrepreneur.
Look for many years of episodes with this show, and hopefully it becomes a clearinghouse and breeding ground for small business and the inspiring entrepreneur, solving vital niche and every-day problems typically way before government and big business.
Chalk one up for the small guy with this platform and show! :) Inspiring to say the least, and a valuable lesson for many of us who plan on owning their own business one day.
From one inventor to many others out there.. Keep inventing, but keep it real and remember to focus, you can't do it all. Don't be afraid to ask for help, get a mentor, and leaving tons of money for marketing, that's a business in of itself. Hence is why I created an internet marketing niche product called The JumpStarter - do it yourself SEO internet marketing. Hope that helps.
Happy Inventing, keep watching that show. If you miss it, go to Hulu.
Chow
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