Writer : Medha Khetpal
Shark Tank hit Netflix around 2009, with a whole new idea of reality TV show promoting entrepreneurs and think-tanks. Its a brand new way of coping with the existing change and the ones who direly rule out the accepted way of entering into business. Today at Life is a Chance, we are reviewing another original abc series, an entertainment review for you. So jump off to it!
I have been watching Shark Tank for a long time. I was introduced to the reality show for the first time through the idiot box and developed a mild interest in it. Fast forward a couple of years, Netflix and chill is the new catchphrase and with it came back my renewed interest in its strengthened form. I was hooked. The reality show provides a platform to the budding entrepreneurs to pitch their deals in response to which the ‘Sharks’ which are a bunch of heavily loaded successful entrepreneurs themselves, asks questions about the business to decide whether to invest in it. From its heavy sharky (a bit scary too) music to the intense anticipation when there is only one shark left and you are rooting for the business to land a deal, there is something about the show that keeps you rooted to the spot.
After watching it for such a long time, I have become quite familiar with the business lingo(but not enough). You start to see a pattern. For instance, when someone asks for a relatively high amount of money in exchange for comparatively less equity share, You know that the company would have done good in sales or the idea or product is extremely ingenious or some other factors that could increase the possibility of landing a deal. Another interesting aspect of the show is the sharks. They switch from a ‘business-like’ demeanor to fun-loving people in seconds. Some are constants while some come and go in certain episodes. Friendly bickering of Mark and Robert, how Kevin ends up always being the butt of the joke, Lori’s gentleness in her feedback which doesn’t falter even when she declines the offer, Barbara’s over-joyousness when she realizes a ripped man or some handsome dude is involved in the pitch(she is one of my favorite sharks), made me shatter my image of rich investors as serious, no-nonsense and indifferent species. People as young as 14 years old pitch their ideas in Shark Tanks.
Throughout watching the series, you also learn about the essentials to check before pitching into the tank-like having done at least some months of work or getting people’s approval regarding the workability of the product. This increases your chance of landing a deal. This show has been an important part of my Netflix experience. When you get lost in the blur of numbers exchanges between the two sides, Kevin’s tall claims to get the product gain millions in few months or Mark’s unexpected swooping up of the deal at the last moment balances out the dry talk perfectly.