We recently asked the Sharks about their experience in the Shark Tank - from the best investments they've made to what makes a good pitch great. See what they had to say.
Question: What is the best investment you have made to date on Shark Tank ?
Answer: The Readerest was my 1st and in just a year since its' debut episode on Shark Tank we have hit 5 ½ million in sales, it is in major national retailers & 20 international countries. Rick has been a delight to work with and we've also gone on to create two other new items together which are also new successes on the market.
Question: Have there been any deals that you had wish that you made in hindsight?
Question: Any investment that you wish you hadn't made?
Answer: I'm happy to say no, all the deals that went through that I did do, I'm happy I did them.
Question: Any service/product that you wish you had invented yourself?
Answer: No, I'm happy that the inventors invented them and that they're doing well and are successful…it's their turn.
Question: Is there anything that has surprised you over the season in terms of the pitches?
Answer: Yes, some entrepreneurs that I thought were very genuine in wanting the Sharks' help, I found were not. That was very disappointing & surprising.
Question: Is it possible that someone can have a great idea, but fail in the tank because they can't pitch?
Answer: Yes, and we saw it happen this past season.
Question: What's your best advice on how to pitch?
Answer: Be confident, and likeable, know your product inside & out. Be prepared & try to practice and be ready for any questions that could possibly come your way about you, your product, or your business idea.
Question: Do you have to be memorable to make a good pitch?
Answer: It obviously would help if the person & the idea were something that were so compelling that they would be memorable.
Question: What's the most important lesson an entrepreneur can learn by watching what goes down in the Tank?
Answer: Be prepared, enthusiastic, know your idea inside & out, have all the facts, be polite & respectful-be someone people would want to work with. If you're not passionate about your product or idea, no one else will be.
Question: What's been the most memorable part of being on the show for you?
Answer: How much I enjoy the cast & crew, it's a wonderful team & one I'm proud to be a part of.
See what Barbara had to say.
See what Daymond had to say.
See what Kevin had to say. See what Robert had to say.