What Is Shark Tank

Shark Tank is a tv show that airs on ABC (Fridays, 7pm EST), and CNBC (Tuesdays, 8pm & 9pm EST).

The show gives entrepreneurs the opportunity to pitch to 5 venture capitalists and convince them to invest in their ventures.

Each of the venture capitalists invests their own money and compete with each other to make a good investment.  Each entrepreneur that pitches before the 5 venture capitalists have the opportunity to convince any one of them to invest. 

The entrepreneur can get what they ask for or more, but if the venrture capitalists makes a lower offer than what the entrepreneur ask for he/she can modify their request and accept the lower with the offer or walk away without any investment.
Significance of Going On Shark Tank
Shark Tank is a great way to get exposure for your business venture.  Even if you couldn't convince any of the Sharks to invest in your business you get the benefit of exposing your business idea (product/service) to millions of people worldwide. 

Many of those people are also other venture capitalists who may be interested in investing your business.  Your business can continue to garner interest long after the show.

Many entrepreneurs have appeared on the show and was not able to convince any of the Sharks to invest in their business, but they are thriving after the show because of the exposure they received from being on tv and the interest it generated.
Qualifications for Getting On To Shark Tank
To get on to Shark Tank you must meet the following qualifications:

- be 18 years of age or older
- be a legal resident of the U.S.

- neither you nor any of your immediate family members or anyone living in your household may be  nor have been within the past year employees, contractors, officers, directors or agents of any of the following:
    .. Finnmax LLC
    .. One Three Television, LLC
    .. any Mark Burnet entities
    .. Sony Pictures
    .. ABC or its affiliates
    .. not involved in the production/distribution of Shark Tank
    .. show sponsors or advertisers
    .. any Shark or their entities
    .. any entity providing services or prizes to the show

- not be a candidate for public office

- agree not to become a candidate for public office until 1 year after the last episode of the series in which you appear

- not be convicted of a felony

- submit to a background check

How To Get On Shark Tank

There are two ways to get on Shark Tank:

1. Attend an Open Call:

Open calls are held throughout the country in key cities.  They are open to the general public.  The open call gives you the opportunity to do a 1-minute pitch of your business/product/idea to a member of the Casting Team (just like you would as if you would on the show). 

If you're interested in doing an Open Call you should plan on arriving early.  Only the first 500 applicants are guaranteed to get in.

Before you get to the Open Call you must first download and complete the Application and bring it with you to the Open Call.

 

2. Submit An Application and A Video:

Using this method the first thing you have to do is to download and complete the application.  If there are more than one members on your team each member has to complete this application.

the next step is to create the video.  All of the members of your team can be in the video.  The Shark Tank website list the specific questions you should be answering in your video.


once you've completed the application and video there are two methods you can use to make the submission.  You can email them to SharkTankCasting@yahoo.com or you can send it through the mail to:

Shark Tank Casting
10202 W. Washington Blvd.
Gene Autry Building, Rm 210F
Culver City, CA 90232

 

See Shark Tank Video