About the series
Shark Tank is modelled after a trendy Dragon’s Den show. The first show in this format was the Japanese series called Tigers of Money. Several investors participate in the show, and are taking their risks accepting the offers of the group of entrepreneurs. While the investors are actually paid to participate in the show, the investments, should they take place, are being financed by the sharks’ own money.
For eight seasons Shark Tank has gathered high audience ratings. The current eighth season of the show drew 4.9 million viewers, and an average 1.1 demo rating.
The regular participants of the series include:
John Paul de Joria
Overview of the series
The procedure as portrayed in the show is easy: if the particular investment is showing an interest in the business prospect offered by an entrepreneur, the former has an option to take the risk and invest in real time. However, should all the panel members turn down the proposition, the entrepreneur stays empty-handed. The producers of the show aimed to show what is going on during the pitch meetings.
Not many viewers know that a majority of the deals sealed on Shark Tank are never actually enacted, because of the consequent process that follows each deal, which includes testing of the product in question and the examination of the entrepreneurs personal and business financial states.
Rewards and interesting facts
Two entrepreneurs that participate in the series were the participants of the Canadian show Dragon’s Den, the latter is the precursor to Shark Tank.
Shark Tank have been nominated five times for prestigious Emmy Awards in category “Reality Program” and won two of them.
The series was also nominated for a special award called Outstanding Reality Program, but didn’t win it.
In the wake of the show’s success, ABC decided to launch a series called Beyond the Tank, which was focused on the actual financial state of the most successful companies featured in the original series. Besides the companies that sealed the deals, the side show featured the companies that turned the deals down. ABC has aired two seasons of Beyond the Tank. The side show has become popular among the audience of the original show and scored high ratings.
Shark Tank Season 7 Episode 21 – Beloved Shirts
Season 8 Trailer – Shark Tank