Shark Tank Show Changes #1 Rule
This is Great News for future contestants but what about the 300+ past entrepreneurs that's already appeared on the Shark Tank Show? Obviously when Mark Burnett the Executive Producer for the Shark Tank first conceived the idea for the Show, taking a small percentage of each business, product or idea in exchange for what amounts to priceless publicity, was part of the over-all business plan to make Shark Tank Financially Successful. If you think about it, it's a great long term strategy that I'm sure has been a great investment for all parties involved. Add this to the Shark Tank's Very Successful Rating's on T.V. which draws lots of competition, and you have a Major Hit that's generating piles of cash.
Now this part I think says A Great Deal about the Shark Tank Show and their commitment to keep producing the Best Business Reality Show possible. From what I understand, if you're currently under contract with the Show as a small equity partner, they will be retroactively giving this equity stake back to you with no further commitments. This has got to be Great News for several past Shark Tank Contestants that can now use this additional revenue to further grow their business.
Just like the Sharks have shown time and time again, sometimes it isn't about the money at all, it's about making the Very Best Product First, and the money will naturally flow.
The Shark Tank Show just got about 10 times Better and has now opened the flood gates to a whole new set of bigger businesses to see if they have what it takes to get on the Best "Real" Reality Show in History.