1) Each Shark Tank contestant is required to satisfy with an on-set psychologist after filming their phase. “They’ve to verify we’ve not scarred them for all times,” Mark Cuban says.
2) Not each deal that will get made on the present really finally ends up occurring. Any provide a Shark makes whereas taking pictures shouldn’t be thought of official. In line with Daymond John, about one in 5 offers fall by way of after filming.
three) Typically the Sharks will pull out of a deal after studying that the contestant lied about their firm’s funds throughout their pitch.
four) However in line with Mark Cuban, it is normally the contestants who again out of the offers: “I’d say 90 % of the time, the entrepreneur modified the deal. It was not us backing out.”
5) The Sharks put on hidden earpieces whereas filming. If a contestant has a very emotional or uncommon backstory, producers will secretly immediate a Shark to ask them about it.
6) However Mark Cuban says he does not notably benefit from the backstories: “I hate the backstory…as a result of it is normally a method to disguise the realities of the enterprise.”
7) Essentially the most profitable product in Shark Tank historical past is the Scrub Daddy, which has raked in over $75 million and bought greater than 10 million items. On the present, Lori Greiner bought 20% of the corporate for $200,000.
eight) Every pitch on Shark Tank is WAY longer than what you see on TV. The typical pitch really goes on for an hour or extra, after which will get edited right down to about eight minutes.
9) The taking pictures schedule is jam-packed to complete as shortly as potential. A complete season will be shot in simply 17 days, with the Sharks seeing six-to-eight pitches per day.
10) Since each episode of Shark Tank is compiled of segments filmed on completely different days, the Sharks should put on the identical precise garments for days at a time to keep away from continuity points.
11) One of many longest pitches in Shark Tank historical past got here from Michael Tseng, the founding father of Plate Topper. His pitch lasted two and a half hours. Mark Cuban says it was probably the greatest pitches he is ever seen.
12) Most of what will get minimize from the TV broadcast are boring monetary particulars. Sharks have to know them, however viewers do not.
13) The manufacturing firm behind Shark Tank used to require contestants to offer them 5% fairness or 2% of the income from their firms in alternate for showing on the present. Mark Cuban threatened to give up over this rule, so producers removed it.
14) Robert Herjavec has mentioned that the 12-plus hour taking pictures days will be grueling on the Sharks: “We’re chilly, we’re hungry, we’re depressing.”
15) When contestants first stroll onto the set, producers make them do a prolonged “stare-down” with the Sharks, the place they stare at one another in whole silence for as much as a minute. As soon as the stare-down is over, contestants start their pitch. A reporter for D Journal as soon as visited the set and described the silent stare-down as “excruciating to look at.”
16) The Sharks aren’t given any details about the businesses earlier than they see the pitches. They go in completely blind.
17) In line with Mark Cuban, about 20% of pitches they movie do not even make it to air.
18) You realize that huge hallway the contestants should stroll by way of to get to the tank? The partitions of that hallway are constructed at an angle to make the hallway look longer than it truly is.
21) The unique Shark Tank franchise aired in Japan, underneath the title Cash Tigers. It then moved to the UK, and was renamed Dragon’s Den. That present was then delivered to Canada. Lastly, it reached the US underneath the title Shark Tank.
22) Robert Herjavec and Kevin O’Leary initially appeared on the Canadian Dragon’s Den earlier than getting solid on Shark Tank.
23) In Season 1 of the present, viewership was low — Daymond John even claims it was “on the verge of being canceled.” Rankings spiked in Season 2, when Mark Cuban joined the solid (initially as a visitor Shark).
24) In line with former contestant Dave Vasen, you solely get one take to do your pitch — no reshoots allowed. “Should you mess up, you mess up. If it goes off track, powerful luck. No do-overs.”
25) Vasen additionally claims that contestants are sworn to secrecy concerning the outcomes of their pitches: “If any particulars are leaked, the manufacturing group can simply minimize you from the present (and can).”
26) Ever questioned why so lots of these replace segments function Barbara Corcoran’s firms? All of the Sharks have the flexibility to pitch updates to producers, however Barbara calls herself the “queen” of them, telling Enterprise Insider: “I understand how to pitch an replace higher than anyone! And get it purchased, growth, booked.”
27) NBA participant Deron Williams claims he did not be part of the Dallas Mavericks as a result of he felt Mark Cuban was too busy filming Shark Tank to speak to him.
28) Visitor Shark Chris Sacca says that producers had a tough time filming his intro phase for the present. They needed to movie him in a mansion, in a sports activities automotive, on a ship, and on a personal airplane — however he did not personal any of that stuff.
29) Within the first few episodes of the present, the Sharks have been seated behind a raised information desk with stacks of cash on it. Producers later determined to place the Sharks in chairs, to make the pitches extra intimate.
30) Producers now require contestants to comply with a “no-shop” clause of their contract, principally saying they will not use a proposal they get on Shark Tank to leverage a greater deal someplace else. In line with Barbara Corcoran, this was occurring “on a regular basis.”
31) Getting on Shark Tank isn’t any simple feat — actually, Inc. claims it is tougher to get into than Harvard. Daymond John says that in 2015, 40,000 folks utilized to be on the present. From that pool, 150 have been chosen to movie a pitch and fewer than 100 ended up on TV.
32) As of 2017, the Sharks had invested over $100 million in entrepreneurs from the present.
33) The Sharks have admitted to often doing offers simply because they make for a “really feel good” story on TV.
34) The Sharks’ fights can get much more heated than what you see on TV. Mark Cuban as soon as advised AOL: “Once we get mad, we’ll begin cursing at one another, yelling at one another, and the entrepreneurs shall be like, ‘What the hell is happening?'”
35) But when the Sharks swear throughout taping, producers will typically ask them to rerecord what they mentioned, minus the offensive phrases. It is a household present!