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Re: "Shark Tank"

Postby inventor-x » Fri Jul 26, 2013 4:01 pm

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Hi All

Handshakes do not guarantee deals on 'Shark Tank' - NYPOST.com

http://www.nypost.com/p/entertainment/t ... PT9UUxVLPP

I can not copy & paste this article, So you will need to link or research Shark Tank - Page (3) - January 29th, 2013

I have always said two (2) things
(1) You need to have a finished product for the National or International marketplace & then there are multiple venues to sell your product
(2) Usually any legal contact that someone tries to enter into falls apart after the handshake because someone is usually NOT upfront about what the details are going to be in that contract from either party in what they are offering or expecting from that contract

Nothing is ever cut & dry in any legal contract until the contract is in print & viewed

Re: "Shark Tank"

Postby Michelle » Thu Aug 08, 2013 7:36 pm

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I would say that even with a contract, you really have to look at the people you plan to do business with. If the partners are not trustworthy, you can have a contract bigger than a phonebook. Bad partners will find a way to be bad partners.

Do your research up front. Ask around. Make sure you are dealing with decent honest and fair people and then use the contract to make sure you and your partner have a clear understanding that is well written so that you minimize chances for misunderstandings.

Michelle

Re: "Shark Tank"

Postby inventor-x » Wed Oct 16, 2013 11:19 am

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If you did not know, Shark Tank season (5) started on Sept 20th

If you are looking for tips on how to make a pitch

http://www.businessinsider.com/perfect- ... ch-2013-10

How To Craft The Perfect 'Shark Tank' Pitch

Now in its fifth season, ABC's hit reality pitch show "Shark Tank" has made entrepreneurship and the process of acquiring funding a cultural phenomenon. It's also provided countless examples of pitches that work and pitches that fail miserably.

Is there a formula for crafting the perfect "Shark Tank" pitch? Pierce Marrs, a sales and communications coach who does a weekly podcast recapping the show, thinks there are some basic rules any aspiring deal-maker should know. His tips don't only apply to "Shark Tank" hopefuls; they're useful takeaways for any entrepreneur looking for money.

Below, Marrs shares his top strategies for making a perfect presentation.

Minimize stress, and master the "30-second stare down."

A little known fact about "Shark Tank" is that before contestants begin their pitches, they must stand on a mark in front of the Sharks and not say anything for about 30 seconds. This gives production the chance to get a few static shots and also helps the Sharks size up the mettle of their contestants. Can they handle their nerves? Do they keep their cool or get fidgety? In fact, Marrs says he's interviewed contestants who were told to wait 15 or 20 minutes on that mark without speaking to anyone. It's essential to remain composed before, during, and after the pitch. "Everybody needs to be set at ease for it to be a happy negotiation and presentation," he says.

Know your numbers, inside and out.

"The cardinal question is about how much sales you have," Marrs says. "That question right there can make or break you." Contestants on the show need to know their numbers inside and out. How much does the product cost to make? How much does it retail for? How many markets are they currently in? What other marketing opportunities are available? Knowing the data is part of knowing the product, and the Sharks are looking for people who can rattle off those figures in their sleep. Plus, the numbers better be impressive, because that's something you can't charm your way around.

Remember you're pitching an investor, not your mother.

One of the top mistakes hopeful entrepreneurs make, Marrs says, is to make their presentations as if they were talking to friends and family members. Your mother might think everything you say is delightful, but the Sharks won't be so easily convinced. Assume your audience will be skeptical, and be prepared to back up claims about your product with evidence. More importantly, don't be shocked if the Sharks make disbelieving or snarky comments about your pitch and product. Think of the toughest questions and criticism you could face and have responses ready.

Show, don't tell, how awesome your product is.

Most of the contestants on "Shark Tank" bring a sample with them. But the most effective pitchers turn that sample into a compelling demonstration. Just last week, for example, a family from California landed offers from both fashion entrepreneur Daymond John and technology guru Robert Herjavec for their land-based surfboard invention, Hamboards. It's probably not a coincidence that John and Herjavec were also the only two Sharks that chose to try out the boards themselves, riding them up and down the stage. Once the Sharks connected with the product, they were far more willing to take a chance on it.

Most importantly, know what each Shark looks for, and appeal to it.

The Sharks care about and value different things, and understanding that is the most important part of succeeding on the show, Marrs says. Dallas Mavericks owner Mark Cuban, for example, wants to see a hard worker who will go above and beyond for the business. For Kevin O'Leary, an educational software businessman, it's all about the money. And while John can be tough, he softens up for people that are struggling to pull themselves up by their bootstraps like he did. The best contestants on "Shark Tank" don't just know how to pitch to any investor — they understand how to connect with each individual.

"The biggest mistake that I see people make is that they believe people will buy their product, their service, their company, for their reasons," Marrs says. "To move people, to persuade people, to sell people, you’ve got to look at things through their eyes."

Next is the Best & Worst pitches ever - Click on the link at the bottom of the article

http://www.businessinsider.com/best-sha ... me-2013-9#

The 10 Best 'Shark Tank' Pitches Of All Time

Aspiring entrepreneurs with good ideas can get a lot out of ABC's reality pitch show "Shark Tank," be it cash, publicity, mentorship, or a national stage. The show also provides a weekly education on how to successfully pitch your business idea to high-profile investors.

Andrew Figgins, a Chicago-based entrepreneur and owner of the fan site InTheSharkTank.com, says the best pitches stick out for several important reasons.

"Some solve a problem that appeals to the masses," Figgins tells Business Insider. "Others have a story behind the business that helps seal the deal. The Sharks take their chances on entrepreneurs they think have solid plans and the drive to match."

Figgins combs through five seasons of the show to identify the best "Shark Tank" pitches of all time.

http://www.businessinsider.com/the-10-w ... me-2013-9#

The 10 Worst ‘Shark Tank’ Pitches Of All Time

In four seasons of ABC’s reality pitch show “Shark Tank,” we’ve seen some doozies. Hopefuls have pitched selling “pairs” of socks in threes (because you’re bound to lose one), a portable urinal that looks like a golf club, and flatulence-scented candles.
With an average viewership of six million and airtime that’s worth about half a million dollars to the aspiring entrepreneurs who make it on, you’d think every pitch would be thoughtful, well-rehearsed, and airtight. But you’d be wrong.

Andrew Figgins, a Chicago-based entrepreneur and owner of the fan site InTheSharkTank.com, says nearly half of the hundreds of pitches that have been made on the show have been awful. The most common problems? Far-fetched ideas, wacky personalities, and lack of basic business knowledge. “The people who have gone on the show and don’t know their numbers get chewed up and spit out,” says Figgins.

Ahead of the fifth season’s premiere on Sept. 20, Figgins combs the archives to make his picks for the worst “Shark Tank” pitches of all time.

Just to post the most popular lines being said on Shark Tank

7 Most Popular Lines on ‘Shark Tank’

1. You're not an entrepreneur. You're a want-repreneur.
2. Follow the green, not the dream.
3. I need more skin in the game.
4. That's a Slick Willie move.
5. I'm starting my 24 second shot clock.
6. You're dead to me.
7. Is the business scalable?

Re: "Shark Tank"

Postby inventor-x » Thu Jan 09, 2014 10:21 pm

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Oh Snaps

Around this time of year I start looking for auditioning dates for Inventor Contest

Shark Tank is posting audition dates already & very soon

Attend an Open Call

Attend an Open Call where you will be given the opportunity to do a 1-minute pitch of your business/product/idea to a member of the Casting Team -- just like you would as if you were on the show. Come prepared to wow and dazzle us. Only the first 500 applicants are guaranteed to be seen so arrive early to secure your numbered wristband. Be advised: security may check your bag and you are responsible for your own parking. We do not validate. To apply at an Open Call you must have a completed Application Packet. Download the Application HERE and bring it with you to the Open Call. It is imperative that you complete your Application prior to the Open Call because there are a lot of detailed questions on there that you may not have the answers to at the Open Call.
All Open Calls are open to the general public. You DO NOT have to purchase a credential to attend a Shark Tank Open Call.

CASTING CALL AUDITION SCHEDULE:

SATURDAY, JANUARY 11TH, 2014
FOX THEATRE
660 Peachtree Street NE
Atlanta, GA 30308
9:00 AM to 11:00 AM - Numbered Wristbands Distributed
10:00 AM - Interviews Begin

FRIDAY, MARCH 7TH, 2014
SXSW - AUSTIN CONVENTION CENTER
500 E. Cesar Chavez
Austin, TX 78701
10:00 AM to 12:00 PM - Numbered Wristbands Distributed
11:00 AM - Interviews Begin

ADDITIONAL DATES AND CITIES TO BE ANNOUNCED SOON.

Here is another article about Shark Tank that you might want to checkout & read if you plan on auditioning for Shark Tank

I would copy & post the article but it is to big to put on this forum

http://www.shopify.com/blog/7789467-how ... shark-tank

In addition to auditions there will NOT be another "Invention USA" season

Invention USA has been cancelled for good :(
Last edited by inventor-x on Fri Apr 04, 2014 1:06 pm, edited 1 time in total.

Re: "Shark Tank"

Postby inventor-x » Fri Jan 31, 2014 12:26 pm

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I have been checking every few days for audition dates & ABC is not giving much notice on some of the auditioning dates so excuse me for the short notice

THURSDAY, FEBRUARY 20TH, 2014
SILVERTON RESORT & CASINO - VEIL PAVILION
3333 Blue Diamond Rd.
Las Vegas, NV 89139
3:00 PM to 5:00 PM - Numbered Wristbands Distributed
4:00 PM - Interviews Begin

I am wondering if this will be the only audition on the West Coast???
Last edited by inventor-x on Fri Apr 04, 2014 1:07 pm, edited 1 time in total.

Re: "Shark Tank"

Postby inventor-x » Fri Mar 21, 2014 12:15 am

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THURSDAY, APRIL 17TH, 2014 - BOSTON
WORK BAR CAMBRIDGE
45 Prospect St. Central Square
Cambridge, MA 02139
10:00 AM to 12:00 PM - Numbered Wristbands Distributed
11:00 AM - Interviews Begin

DATES FOR SEATTLE, DENVER, COLUMBUS AND SAN DIEGO TO BE ANNOUNCED SOON
Last edited by inventor-x on Fri Apr 04, 2014 1:04 pm, edited 1 time in total.

Re: "Shark Tank"

Postby inventor-x » Fri Apr 04, 2014 1:14 pm

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CASTING CALL AUDITION SCHEDULE:

SATURDAY, APRIL 26th - SEATTLE
PAN PACIFIC HOTEL SEATTLE
2125 Terry Avenue
Seattle, WA 98121
10:00 AM to 12:00 PM - Numbered Wristbands Distributed
11:00 AM - Interviews Begin

FRIDAY, MAY 9TH - SALISBURY, MD
SALISBURY UNIVERSITY - PERDUE SCHOOL OF BUSINESS
1101 Camden Ave.
Salisbury, MD 21801
10:00 AM to 4:00 PM - Interviews

FRIDAY, MAY 16TH - COLUMBUS
THE BLACK ENTERPRISE ENTREPRENEURS CONFERENCE + EXPO
HYATT REGENCY COLUMBUS
350 North High Street
Columbus, OH 43215
10:30 AM to 12:30 PM - Numbered Wristbands Distributed
11:30 AM - Interviews Begin

THURSDAY, MAY 29TH - DENVER
AGORA AT THE RIVERSIDE
1724 Broadway St.
Boulder, CO 80304
10:00 AM to 12:00 PM - Numbered Wristbands Distributed
11:00 AM - Interviews Begin

SAN DIEGO
TBD

Re: "Shark Tank"

Postby inventor-x » Fri Apr 11, 2014 9:31 pm

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SATURDAY, JUNE 7TH - SAN DIEGO
COLEMAN UNIVERSITY
8888 Balboa Ave.
San Diego, CA 92123
9:00 AM to 11:00 PM - Numbered Wristbands Distributed
10:00 AM - Interviews Begin
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