Posts Tagged ‘development’

ABC Renews Shark Tank for Second Season

Tuesday, August 10th, 2010

ABC has renewed Shark Tank for a second season to air sometimes in early 2011. Although the season is smaller then last with only 8 episodes its still better then nothing.

All the Sharks will be returning this season, real-estate mogul Barbara Corcoran, infomercial pioneer Kevin Harrington, technology expert Robert Herjavec, fashion owner Daymond John and financial expert Kevin O’Leary. Comedian Jeff Foxworthy will join the Sharks for 3 episodes, adding a little mainstream star power to the group.

At first glance Jeff Foxworthy may not seem like a business tycoon like the rest of the Sharks but he has turned “You Might Be A Redneck If…” into an empire. Publishing over 25 books, selling 15 million records, creating a line of greeting card, owning restaurants, staring in a game show, his own brand of beef jerky, and BBQ sauce.

There is no information about casting as of yet but when it becomes available I will let you all know.

“You may be a redneck if . . . you think you are an entrepreneur because of the “Dirt for Sale” sign in the front yard.” – Jeff Foxworthy

5 More Episodes

Monday, November 2nd, 2009

Over the weekend we were first to report that ABC had renewed Shark Tank for a second season. This was based on a tweet from Robert:
“Great news – ABC has ordered more episodes of Shark Tank !!!! No air date yet – but it’s coming.”
Today we have confirmed that ABC has not renewed Shark Tank for a second season, but in fact will air five more episodes at some point… These include three unaired episodes, and two episodes to be put together from already existing footage.

This is sort of a mixed blessing, on the one hand there will be five more episodes of shark tank at some point. But on the other hand if these segments were not good enough to air with the first nine episodes, then they may be smaller less exciting deals. Only time will tell, and I hope I am wrong.
So let’s keep up the pressure, let’s send e-mails to ABC telling them that we want a second season of Shark Tank. Even if you’ve already written a letter to ABC, send a second one, let them know you love the show.
Follow us on twitter @SharkTankABC

Shark Tank Renewed?

Saturday, October 31st, 2009

According to Robert Herjavec Shark Tank has been renewed for a second season. Although I haven’t confirmed this with any one at ABC I’m pretty sure that Robert is a reliable source. No idea when the second season will air, but when they become available you’ll find it right here.
Casting information will be available here as it becomes available, so start preparing your pitches for the next season of ABC Shark Tank.

Edit: just got word from ABC that Shark Tank has not been renewed… as of yet.
Now this doesn’t mean it wont be renewed, it just means we need to keep sending letters to ABC.
So email ABC here and tell them to keep Shark Tank on the air.

Follow us on twitter @SharkTankABC

Shark Tank Season 2?

Friday, October 16th, 2009


This week is the Shark Tank season finale, and it hasn’t been a runaway hit, ratings wise. I believe that Shark Tank is a quality show that just keeps getting better. Each week new viewers tune in and watch the Sharks sink their teeth into quality deals. Shark Tank provides entrepreneurs with needed investment and media exposure to bring their businesses to the next level. On top of that the show is entertaining, addictive, educational, and funny. I believe that ABC and Mark Burnett Productions should produce a second season of Shark Tank.

If you agree with me that Shark Tank deserves a second season than please pass on your comments to ABC by clicking this link. Once there fill out the information, select the show Shark Tank, and use the subject complement. Send your own personalized message and let them know what you think about Shark Tank. Make sure you tell them InTheSharkTank.com sent you!

If you run twitter follow us @SharkTankABC and please RT this message: Tell ABC you want a 2nd season of Shark Tank @ http://bit.ly/SMCRc #SharkTank for more info go to http://bit.ly/4DB6w7

The Deal You’ve Never Seen

Thursday, September 17th, 2009


This is a pitch that was never seen on Shark Tank. Vincent Porpiglia’s business Dream Water is an all-natural sleep supplement drink. He was looking for 250k and willing to give up 10% equity of his business. Dream Water uses no chemicals and natural ingredients such as melatonin, GABA, and L 5-hydroxytryptophan. Once you drink Dream Water it will help you drift gently off to sleep and wake up in the morning with out that groggy feeling.

They had only enough capital to produce 15,000 bottles but in one month they had sold half their inventory, and were currently in the process of producing just under 100,000 more units.

The Sharks pointed out that they were a nothing brand, and would have problems going up against a major soft drink manufacture if they chose to enter this market. Vincent pointed out that traditionally soft drink companies have bought out other companies to get their product rather than develop their own. Barbara was the first Shark to offer a deal, she offered 250k for 40% of the company but Vincent turned down the deal. Robert then offered 400k for 51% and Vincent accepted the deal.

Shark Tank Video’s

Monday, July 13th, 2009

TV Promo:

First Look:

Featured in the second video is Mr. Tod’s Pie Factory

Shark Tank Premieres Sunday August 9th

Sunday, June 7th, 2009

47001695ABC is set to premier Mark Burnett’s Shark Tank August 9th at 9pm, following the return of Who Wants to Be a Millionaire. (Coincidence I think not!) Episodes will continue on Sundays at 9 through August 23, after which it will shift to its regular time period of Tuesdays at 8 starting August 25.

Shark Tank is a new reality show where entrepreneurs must try to convince five multi-millionaire business tycoons to part with their own hard-earned cash and give them the funding they need to jumpstart their business’s. Each week, ambitious entrepreneurs from across the country will present their breakthrough business concepts, products, properties and services to the panel of ruthless investors. Their goal is to convince these merciless moguls to invest their own dollars in the concept. Convincing real-life millionaires to part with their own money is no easy task, because when the idea is poor, the Sharks will tear into the ill-prepared presenters and pass on the idea with a simple, “I’m out!,” sending them running for the exit. Entrepreneurs will be asked to give up a percentage of their companies’ equity to the Sharks in order to get the investment they need.shark-tank8

Casting is still ongoing, so if you think you have what it takes to swim with the sharks then email SharkTankCasting@yahoo.com with your name, age, contact info, a recent photo, and a brief, NON-CONFIDENTIAL description of your idea. Tell them In The Shark Tank sent you.

Just one last note, be on the look out for scammers who may be taking advantage of would-be contestants during this casting process. You can never be too careful.

Open Casting Call Today In LA

Friday, June 5th, 2009


This is just a reminder that the first of four open casting calls for ABC’s Shark Tank will be taking place today (Saturday June 6th) in Los Angeles. Auditions well be take place at the Sheraton Los Angeles Downtown (map) between 9AM and 4PM make sure you arrive early. You will also need to fill out this application form.

Please be prepared to speak about the following in your casting interview:

1. What’s your name and your business?
2. How much money do you need from investors and why?  Be specific.  How will it be used?
3. What percentage of your company/idea/product are you willing to give up (e.g., 10%, 40%)?
4. What do you do for a living and where are you from?
5. When did you start inventing or become an aspiring entrepreneur?  What influenced this decision?
6. Please describe your product/invention/business idea.
7. Make your pitch!
Examples of interesting information:
• What is it?  Is it patented?
• How or why does it work? (Do a demonstration if you can.)
• What’s the market for this and why?
• How did you come up with the idea?
• Why is your idea the next best thing?
8. How much have you invested in your business? What would happen if you can’t get your business off the ground?
9. What does your business mean to you?
10. What is your ultimate goal for your business?
11. What has been your biggest challenge so far?
12. What do your family and/or friends think of your business?

Make sure you tell them that you learned about the casting call from InTheSharkTank.com or Tweet us at twitter.com/SharkTankABC

Good luck

Edit: if you still want to apply send your application to SharkTankCasting@yahoo.com

Open Casting Call

Monday, June 1st, 2009


Its time to put your best foot forward and meet the Shark Tank casting team face to face. Shark Tank is hosting four open casting call audition in Los Angeles, Orlando, New York and Chicago. If you want to audition for the show and are in the area I would highly recommend you attend one of these auditions. You will need to fill out this application form, and arrive early.

LOS ANGELES
Satuday, June 6th
Sheraton Los Angeles Downtown
711 S. Hope St.
9:00 AM – 4:00 PM

ORLANDO
Thursday, June 11th
Sheraton Hotel Orlando Downtown
60 S. Ivanhoe Blvd.
Orlando, FL 32804
9:00 AM – 4:00 PM

NEW YORK
Saturday, June 13th
Marriott at the Brooklyn Bridge
333 Adams St.
Brooklyn, NY 11201
9:00 AM – 4:00 PM

CHICAGO
Satuday, June 13th
Embassy Suites Chicago Downtown/Lakefront
511 N. Columbus Dr.
Chicago, IL 60611
9:00 AM – 4:00 PM

For those of you not in the area remember you can still apply by email: SharkTankCasting@yahoo.com with your name, age, contact info, a recent photo, and a brief, NON-CONFIDENTIAL description of your idea. Tell them In The Shark Tank sent you.

The Power of the Tank?

Sunday, May 24th, 2009

There is no doubt in my mind that Shark Tank will make or break some companies. Even if you don’t get a deal with the Sharks, your company will just been advertised to millions of people for free (well almost free).
ABC had previously aired two seasons of the show called American Inventor, a group of inventors were chosen and given $50,000 and expert help to develop their product and then judges and viewers pick the winner of the $1 million prize. The problem with American Inventor was that most of the inventors do not benefit from the exposure they got from TV. Their products were not ready to be sold and by the time they were most of the audience had forgotten about them. Businesses that pitch on Shark Tank will hopefully be ready to sell their product, meaning the exposure that the show brings will lead to increased sales.

Now something to keep in mind when applying for Shark Tank, the producers have the right to between 2% and 10% of gross revenue of your business for three years.

… as a condition of my participation on the Series, Producer or its designee shall receive an irrevocable option to take a perpetual ten percent (10%) royalty of 100% of the gross receipts derived from the idea, product, invention, service or business that I present to the “sharks” …

Update: I mistakenly quoted a unreliable source. To clarify Shark Tank has the right to 2% of net revenues, if and only if they decided to activate it. Meaning if your business becomes the next Google then I would assume they would activate it but for most business it would not.

You will have to examine the cost-benefit of giving up, up to 10% 2% in exchange for the huge exposure you’ll get from prime time television.

Last week I posted a first look at Shark Tank.  I have been able to pull it out four companies that appeared in the video.

WiSpots
WiSpots provides interactive centers for medical waiting areas. Which helps to generate additional revenue and educates patients.

LifeBelt
Lifebelt The device that is installed in cars to ensure that all the occupants are wearing their seatbelts. The vehicle will not start if the driver is not buckled up, and if the seatbelt is removed while the car is running the radio will turn off and loud annoying noise will come out of the radio until the seatbelt is re-buckled.

Mr. Tod’s Pie Factory
Mr. Tod’s sells personal sized pie, they are very popular in Somerset, New Jersey and they currently operate two retail locations.

College Foxes Packing Boxes
College Foxes Packing Boxes provide organization, moving and unpacking services.

When Shark Tank airs this summer we will find out if these companies can sink or swim and if the exposure helped them grow.