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Wednesday, August 19, 2009
Shark Tank #1
There are five billionaires who host the show. They invest in local inventor's ideas and products. First the presenter, or the inventor/producer, tells the Sharks what product or idea they have. The Sharks then compete with each other by offering more to the entrepreneur just to get a piece of their idea or invention. Usually the entrepreneur will walk in the Shark Tank with a certain amount of money they want, and then what they are willing to give away to the Sharks who invest in them. The presenter either has to talk to the Sharks into paying up to their offer, or they walk away with nothing.
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