1. ABC’s Shark Tank. Is it fair?
ABC’s Shark Tank truly lives up to it’s name, as seen in this week’s episode and many others. There is a fine line between partnering with talented entrepreneurs and expoiting them.
Marc Cuban is one of the most talented entrepreneurs of our time. His decision to join the Shark Tank is a no brainer. Not only does he get to invest in startups who have a proven track record but he gets hours upon hours of prime time exposure to millions of Americans.
James Martin became not only the first Shark Tank in history to return to the show after turning down an offer for his Copa Di Vino wine-in-a-cup business, but also the first to turn down the Sharks TWO times. James grew revenues of his company to a forecasted $5 Million dollars in a year. He is already carried at top retailers like Walmart and has twice as many orders as he is able to fill. Does Copa Di Vino seem like a company that should have to significantly lower its valuation to get an investment from the Sharks?
It is hard to blaim Marc Cuban (@MCuban) for his role in pressuring entrepreneurs to sell themselves short. The show is clearly built around the premise of the “Shark Tank” where it is all about the kill.
Don’t get me wrong, it remains a dream of mine to one day ink a deal with Marc Cuban, and his cohorts, in the Shark Tank but it is clear how lopsided the negotiations are in favor of the Sharks.
Wouldn’t it be great to get to bet on a horse mid-race rather than betting before the race starts? Well, Marc Cuban, my hat goes off to you. Enjoy being in the driver’s seat and perhaps let some of us drive with you some time.