rapidroy wrote:
ScrewyWabbit wrote:
What I want to know is how much the Sharks are being told behind the scenes or how much they're assured that the producers have vetted out the guys who are pitching stuff. Someone shows up and says "I sold $6 million worth of widgets last year and they cost me $0.05 to make" or other some such nonsense, the next thing you know some shark offers them half a million dollars. How do they know the sales figures etc. are correct and that they're not being lied to outright?
If its like Dragon's Den(the CBC equivalent that features many of the same people) many deals do in fact fall apart after the show for similar reasons you mention. These wealthy people are not stupid and notice they never sign contracts on the show, its all verbal and in business that's nothing.
Yes there's a thing called Due process sometimes when the people go on the show they leave out they are in big time debt or maybe they don't own as much of the company as they stated or other things and the deal falls apart likewise there's been times where the Sharks bought into an idea/company and later the company went belly up such as the case of the person whom was renting toys A la netflix within a 2 year time frame her company went bust...
From what I've read about the show none of the Sharks knows whom is walking out infront of them or what they are pitching the only thing that is preplanned is they (the sharks) are told that if somebody starts to cry let them cry.
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"I really wish I was less of a thinking man and more of a fool not afraid of rejection." ~ Billy Joel
15 May 2014, 3:34 am
