Swimming in the Shark Tank, Looking for Loot
I often say that television is better now than it ever was. That's because reality TV is just more fun than anything scripted. Last night was a perfect case in point, I watched a new ABC show called "The Shark Tank" and I loved it.
A guy named Kwame came in with a pretty neat idea: He buys gift cards from people who have them lying around for about 65% of face value, and he sells them on line for 90% of face value. He asked the Sharks for $150,000 and offered a 25% stake. They countered with 150 and 45%. He had a track record and was making money, and the entire business seemed sensible and seamless. They bought in, and expressed confidence that this African entrepreneur would do well.
Then a woman came in who was selling trinkets about happiness. One of her items was a sandal that made a footprint of some sort of slogan about following happiness. The rub? She's only made $35K in two years, and wanted them to put up $150K. No way, they said, practically shooing her out of the room, despite her good intentions.
Labels: The shark tank
1 Comments:
Hi....great blog and quite interesting articles.
Its true that reality TV shows are meeting with great success at present."The Shark Tank" is really interesting and i like the idea of the first guy.
However, keep up your good work and best of luck!
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