“And for those reasons, I’m out.”
Shark Tank is an American reality TV show on ABC that features a panel of business executives and investors (called ‘Sharks’) who consider offers and listen to pitches from entrepreneurs and small business owners seeking funding for their business, products, or services. The sharks often find weaknesses and faults in an entrepreneur’s concept, product, or business model. Some of the investors try to soften the impact of rejection, like panel member Corcoran, while others such as O’Leary can be “brutal” and show “no patience even for tales of hardship”. Many deals made on the show are never enacted due to the investor’s vetting process following the deal, which includes product testing and the examination of the contestants’ personal and business financials.