Behind The Scenes Of Shark Tank! (Top Most Googled Questions ANSWERED!)

Summary

In this engaging segment, Robert Herjavec answers popular questions about 'Shark Tank' while reflecting on the show's evolution over 16 years. He shares anecdotes about the production crew's dedication and the authenticity of the sharks, emphasizing the genuine investment they make in entrepreneurs. The discussion highlights the shift in public perception, from reluctance to eagerness to appear on the show, and the importance of real business experiences over celebrity participation. The sharks delve into their motivations, experiences, and the impact of their investments, offering insight into the dynamic world of 'Shark Tank.'

Takeaways

• 😀 The show 'Shark Tank' has been running for 16 years, and many crew members have been with it since day one, which reflects a strong team commitment.
• 🎤 The Sharks genuinely enjoy their roles and believe in the power of the show to boost product sales dramatically.
• 💼 Robert Herjavec emphasizes that the deals made on 'Shark Tank' are real, and the Sharks invest their own money.
• 🦈 Over the years, the perception of 'Shark Tank' has changed, with entrepreneurs increasingly eager to pitch their ideas on the show.
• 🔍 The due diligence process is crucial after filming, as it involves detailed evaluations of potential investments.
• 📈 The Sharks believe that if a product succeeds on 'Shark Tank', it can lead to significant sales growth, often crashing servers due to high demand.
• 🏎️ Personal anecdotes, like Robert's collection of 70 Rolex watches, add a relatable touch to the show's personalities.
• 🌟 The show has been incorporated into educational contexts, including courses at Harvard, highlighting its impact on entrepreneurship education.
• 🤝 The original concept of 'Shark Tank' aimed to feature real businesspeople rather than celebrities, ensuring authenticity in the pitches.
• 🕰️ Kevin O'Leary's evolution as an investor showcases how Sharks learn and adapt over time, reflecting their experiences on the show.

Q & A

What does Robert Herjavec say about the crew's commitment to Shark Tank?

He emphasizes that many crew members have been with the show since day one, highlighting their dedication and enthusiasm as a positive sign for the show's success.

How does Robert feel about the longevity of Shark Tank?

Robert mentions that the show has been running for 16 years, indicating a strong connection between the cast and crew, which contributes to its success.

What does Robert reveal about the sharks' payment for appearing on the show?

He humorously states that they get paid with 'love and gratitude,' pointing out the unique nature of Shark Tank compared to other platforms.

How did Robert's perception of consumer deals change over time?

Initially, he struggled to understand consumer deals, but after his first successful investment, he recognized the power of Shark Tank to significantly boost sales.

What does Robert mean when he says, 'If you can't take the heat from Shark Tank, you can't make it in the real world'?

This phrase reflects the intense scrutiny and pressure entrepreneurs face when pitching on the show, suggesting that only those who can handle tough criticism will succeed in business.

What is the main reason the sharks continue to do the show?

Robert states that beyond the financial incentives, they find fulfillment in helping entrepreneurs and receiving positive feedback from fans, especially children.

Who does Robert credit for his involvement in Shark Tank?

He credits Kevin O'Leary for encouraging him to stay on the show after he initially considered leaving, recognizing the show's potential.

What does Robert suggest about the evolution of Shark Tank since its beginning?

He points out that initially, people were hesitant to appear on the show, but as its popularity grew, more entrepreneurs sought opportunities to pitch their ideas.

What unique aspect does Shark Tank bring to entrepreneurship according to Robert?

He believes that the show's structure and exposure can propel a product's success, leading to increased sales and visibility for the entrepreneurs.

How does Robert describe the environment during a Shark Tank pitch?

He describes it as relaxed yet intense, where the sharks are ready to ask rapid-fire questions and scrutinize the entrepreneurs' pitches thoroughly.