Shark Tank charges contestants
Posted on June 12th, 2009 by Doug Hall
I have it confirmed from two independent sources that the new TV show Shark Tank is “charging” all contestants. To be on the show you have to sign over 2 to 15% ownership in your company/invention. This is the case even if you don’t get a deal from the deal makers.
Recall – Shark Tank is a USA clone of the BBC originated show Dragon’s Den
I don’t know about you but something sound’s fishy about charging people to be made fun of. What has America come to.
Filed under: Doug's Soap Box
Actually it’s 2% if you’re the next big thing…let’s say Starbucks or microsoft. They have the option, it’s not guaranteed. The percernt you give to the sharks is separate and in exchange for their investment.
Furthermore, the BBC version did NOT originate there but is actually a clone of the Japanese show where it was created! Dragon’s den was also in Canada.