Shark Tank facts
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Until 2013, Shark Tank required 5% equity of all companies - just to pitch in the show. Lawyers at ABC later changed the requirement after Mark Cuban gave them an ultimatum — remove the equity clause or "I'm not coming back."
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Every company on the show "Shark Tank" used to have to give 2% royalties or 5% equity to the producers, regardless of whether a deal was made. Mark Cuban forced the producers to end that requirement, saying the "quality of the companies and entrepreneurs would decline" if it were kept
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The production company behind Shark Tank used to require contestants to give them 5% equity or 2% of the profits from their companies in exchange for appearing on the show. Mark Cuban threatened to quit over this rule, so producers got rid of it.
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An aquarium shark sparked a murder mystery when it puked up a human arm in its tank
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Kevin O'Leary from Shark Tank is always introduced as selling a company for over $3 Billion. The buyer claims "one of the most disastrous acquisitions in history."
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Shark Tank pitches usually last an hour, and the longest ever was 2 1/2 hours long. These are edited down to just 10 minutes for TV viewers
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As many as two-thirds of the televised deals on Shark Tank do not go through.
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Mark Cuban has a greater net worth than all the other shark tank hosts combined
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ALL contestants on Shark Tank are made to see a psychiatrist after their pitch, no matter the outcome. It's meant to ensure they are able to come down from the emotional rush and deal with the possibility of appearing in front of seven million Americans.
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In the year 2000, a danish man named Stig Severinsen held his breath for over twenty minutes while submerged in a tank filled with sharks.
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As part of the contract for appearing on Shark Tank, if you mention the name of any company you own then Shark Tank automatically owns 5% of that company or gets 2% of the lifetime profits. This is true whether the Sharks make a deal with that person or not, and prevents free advertising.
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In 1969 SeaWorld kept blue sharks in captivity for 3 months until they were eaten by bull sharks added to the tank.
Shark Tank data charts
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Every entrepreneur on Shark Tank has to talk to a psychiatrist after their pitch.
Up to 1/3 of the deals that get closed on-screen on Shark Tank don't actually go through when filming stops - source
Mark Cuban bought 1/3 of "I Want To Draw A Cat For You" on Shark Tank for $25K and the company went on to gross $200K the following year - source
In the original Jaws novel the shark dies from extensive wounds rather than a scuba tank explosion
The producers of Shark Tank get the option either to receive a 2% royalty on the profits or take a 5% equity stake of every company that appears on the show whether a deal is made or not. - source
When shark tank on?
In January 1977, inspired by film Jaws, Evel Knievel attempted a motorcycle jump over a tank of live sharks but in rehearsal he crashed breaking his arms. However he was more distraught at having injured a cameraman in the crash
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Evel Knievel was going to jump a tank full of sharks in 1977. This was just months before Fonzie jumped the shark that led to popularity of the phrase "jumping the shark".
Mark Cuban threatened not to return to Shark Tank until an equity clause was removed from contestants' contracts.
The show Shark Tank and Dragon's Den are both based on the Japanese show: "Manē no Tora" or "Money Tigers"
Spiny dogfish sharks have been remotely controlled by implanting electrodes deep in the shark's brain to a remote control device outside the tank. It stimulates the shark's sense of smell and the animal turns, just as it would move toward blood in the ocean.
About 2/3 of deals made on-camera on Shark Tank never go-through, due in-part to red flags found during the vetting process of personal and the company financials, taxes, and legal issues. Also, those who leave w/o a deal still surrender either 5% equity or 2.5% of annual revenue in perpetuity.