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: Talbott Teas. Those guys understood that it's all about the money - grow fast, get distribution and get out. No wonder they got acquired by a major public company less than 6 months after they came into the Tank. Now they're rich, and I got a great return on my investment.
Question: Have there been any deals that you had wish that you made in hindsight?
Answer: Never. If I'm out of a deal I never, ever look back. They're dead to me.
Question: Any service/product that you wish you had invented yourself?
Answer: I don't get emotionally invested in any one product or another. It's all about the money! That's all I care about. And I think that's an important lesson for entrepreneurs everywhere, too: don't be emotional about your business. Focus on what matters: your bottom line.
Question: Is there anything that has surprised you over the season in terms of the pitches?
Answer: Every day in the Tank brings new surprises! It's part of what makes Shark Tank so unique and so resonant - because it celebrates American business entrepreneurs - and they are always full of surprises.
Question: Is it possible that someone can have a great idea, but fail in the tank because they can't pitch?
Answer: I see it all the time. People come in and they aren't prepared enough, or they don't know a key number or they aren't good communicators.
Question: What's your best advice on how to pitch?
Answer: Know your numbers. And if you aren't good with numbers, bring someone who is!
Question: Do you have to be memorable to make a good pitch?
Answer: Yes! And if you show me clear how I can make money, I'll remember!
Question: What's the most important lesson an entrepreneur can learn by watching what goes down in the Tank?
Answer: It's all about the money, all the time!
Question: What's been the most memorable part of being on the show for you?
Answer: The chance to invest in these great companies. What can I say? I'm in it for the money!
See what Barbara had to say.
See what Daymond had to say.
See what Lori had to say. See what Robert had to say.