One thing about Shark Tank

That's the way he is. He and Robert were on Dragon's Den for years.....the Canadian version of Shark Tank. They were doing both shows, then they quit Dragon's Den to focus on ST. Dragons is quite boring without Mr. Wonderful on it. Robert is a sweetie to be sure.

Lori bugs me so much more than Kevin. Pay attention, and you will realize that she primarily invests in companies with patents. Then she buys the patent from the people and puts HER name on the product. When the announcer says at the beginning that she "holds over 100 patents," he doesn't mean that she has invented/created over 100 products.

"Shark Tank" ... would be a rather legitimate descriptor of our whole system, wouldn't it?

Our system used to be a lot more along the line of, "Live and let live" than it has become.

And quite few of us were saying that it'd be even better if we were more inclined to "Live ... and help live".

ole joyful

Shark Tank is at the top of my list of must watch TV. It is so interesting to see what some people think of and then spend themselves broke getting it to work. Or not. Personalities shine through for both the askers and the givers. I've done a little googling on Mr. Wonderful and I think he is just a good guy with a good unforgettable "line." One of those who people love to hate.
About Lori, she is a smart cookie;owning the patents is a great way to make money. She was smart enough to figure that out early on. Robert? Yep, he is a sweetie,; so is Daemon. Mark and Barbara? So-So.

Sue

Ive seen them tell Mr. Wonderful that he is "Dead to Them". Loved it.

Since I don't watch all the episodes, I probably missed the ones that showed Mr. Wonderful being talked back to in like manner, so will keep watching. I so agree about Lori being a smart cookie.....actually all of them are smart cookies imo.

Mark Cuban has more money than all the other sharks combined.

I like them ALL! They had a preview where they weren't getting along and I don't really want to watch it.....I hope that's NOT tonight?

Lindsey.....good point! and I didn't pick THAT up....but at the same time....good for Lori. Very sharp of these sharks to invent themselves and out perform the rest of us...

It was no big deal but kind of a surprise. Daymond and Lori scooped the rest of them on a deal. Essentially they made a deal with the guy before Mark and Robert could ask questions about the computer backbone and such and they weren't happy about it. There probably was way more to it than they aired because it was really strange to see Robert throw a temper tantrum then he walked out followed by Mark and Kevin.

I like the show. It shows how poorly raised so many people are. Not taught the basics about handling money. But when i see people with Masters degrees in business doing ridiculous things I just shake my head and wonder where common sense went. They couldn't have eaten THAT many paint chips as kids, could they?

I was watching that segment and I realized I must have been sitting here with my mouth open, thinking "What just happened here?" I would like to see it again, in slow motion.

Sue

I seen that show too and couldn't believe they walked off! They must have really wanted a piece of the action!!

Yes, they wanted "a piece of the action," but it was more than that. Lori did her usual petulant spoiled child routine and wouldn't let the guy answer the questions that Robert, Kevin, and Mark were trying to ask. She demanded that he accept her offer immediately because she and Daymond were offering the amount of money he was asking ($40,000) for the percentage of equity that he was offering (15%). The guy even said that he wanted to hear what the other sharks had to say, but Lori wouldn't allow it. The guy knew enough about the show to know that often when a shark demands an immediate acceptance they will say "I'm out" if the entrepreneur doesn't accept quickly enough; as well as the fact that other sharks will often say "I'm out" if they don't get a chance to get the information they want or get a chance to put in an offer of their own. So, the guy accepted Lori's offer rather than risk all 5 of them saying "I'm out" and ending up with nothing. Robert was so irritated with Lori that he said to her that he was about to say something rude to her and he didn't want to do that so he was going to leave. And he got up and walked off. Then Mark and Kevin got up and walked off, too.

There is a standard "format" or "procedure" for the show. The entrepreneur shows their product, usually even giving a sample to each shark, then the sharks ask questions that the entrepreneur answers. Sometimes the entrepreneur answers well, other times, not so much. Then, sharks can make offers or opt out. But the sharks have ALWAYS been able to ask some basic questions. Lori would not allow any questions -- she demanded that he accept her offer immediately.

For all anyone knew, Robert, Kevin, or Mark might have offered a great deal more than the guy was seeking, which would have been better for him. But, he'll never know...

There is no doubt in my mind that the walk off scene was staged and possibly scripted to keep viewer attention.

Shark tank isn't scripted. It is edited for length and for interest, and Mr. Wonderful is the designated leader, moving things along. The segments are not aired in real time....some of the interviews last for hours! Any cantankerous moments really happen, and some are left in on purpose.

What we don't get to see is that many of the wannabe entrepreneurs are really shiesters, appearing on the show strictly for publicity. Nor do we hear about the deals that never gelled because the participants couldn't agree to what their investors recommended.

On our Dragons Den, a guy came on pushing his website. When they started digging deeper, the Dragons realized that all he wanted was free publicity and they accused him of it.

One of the deals in the first season fell through with due diligence. Dragons Den often show segments like "where are they now" and show the success stories of the contestants, and also the ones that fizzled. The one that I remember, they brought they brought in their college professor to the boardroom. Robert H. had a cheque for 275,000 or something, as well as another dragon. The professor was asking idiotic questions and stonewalling the Dragons deal. The dragons tore up the cheques and walked out. Quick as a wink, as well they should.

But it's absolutely great when a small entrepreneur hits one out of the ballfield. I remember this one, in particular, on the Dragon's Den.Holy Crap Breakfast Cereal

Lindsey, the others have done the same thing in that they want their answer right then without hearing any other offers. Certainly isn't fair to the entrepreneurs wanting the best deal. Love the show though!

The difference, though, is that previously when a shark has demanded an immediate answer to their offer, it was after the other sharks had had a chance to get answers to their questions about the product/company/profits/losses, etc. This time, Lori would not allow questions.

Lori doesn't own the show, contrary to what she may think! LOL But my point is that if the others wanted to make an offer they could have and often when others want to make an offer they speak up loudly and say something like "my deal is better" or whatever. Actually, Mark Cuban is the one who started the "you have to take my offer RIGHT NOW" approach. Others, including Lori, have copied it but don't have the same impact as Cuban. Daymond, as I recall, was the one indicating that he WOULD drop out if it wasn't accepted immediately. The entrepreneur had the chance to present his proposal to the others and considering Herjevec and Cuban are both conversant in the field they either or both would have been far better partners. They didn't show much interest to the entrepreneur and he accepted the offer. I maintain there was a lot we didn't see. Robert is usually a very meek, polite person on there, jovial and even jokes when he loses a deal. I suspect that Lori did some heavy duty gloating that wasn't broadcast and offended the others causing the walk off. I don't think it was staged, simply not given the whole story. It's like when people post things and ask opinions or for support when they hold back pertinent info. Can't really make an intelligent comment on it when they do that.

What I do find amusing and interesting is how Barbara and Lori teamed up on a deal for the first time. They hate each others' guts and it's very clear. I got such a laugh when Lori threw one of her temper tantrums and Barbara told her to get over it. They don't sit near each other, or there'd be quite a catfight perhaps! LOL

Jasdip, I think I saw the episode you referenced where they tore up the checks. I have a feeling that there's a number of deals that don't go through. Dragons Den is different than Shark Tank in that the Dragons often put the caveat "subject to due diligence" or something to that effect in the offer. The old guy who owned Boston Pizza and Mr Tire seemed to say it about 1 out of every 3 proposals. It's never stated on Shark Tank broadcasts anyway but I'm sure it's a caveat of going on the show.

And there's a number of people who go on there just for promotion. The one guy who was selling wine by the glass was a perfect example. I liked when Robert walked out on his second appearance. It was so obvious and he was dangling a carrot for Kevin and I'm really surprised Kevin kept biting at it. He really wanted it but it was obvious to me that there would be no deal made, just trying to get airtime like a media hog. He used the same script both times he was on. I wouldn't have broadcast either of them had I produced the show. i imagine they have plenty of other options for the broadcast time.

Yes, Cynic, the "due diligence" caveat applies on Shark Tank. There have been deals that have fallen through because of it. There is a web site of the show's successes and failures that gives more info on them. The web site is not affiliated with the show, and the person who runs it has a horrible grasp of grammar and spelling, but if you can get past that it can be somewhat entertaining.

We hated the wine by the glass guy. And, it was revealed on a subsequent episode that he did NOT have a patent as he claimed. Someone else held the patent, and this guy only had a license to use the technology. Slimeball.

Barbara and Lori do not hate each other. It's a stereotypical myth that when two strong, opinionated women disagree that a "cat fight" ensues. The men have tiffs, the women have tiffs, so do the men versus the women. What's the big deal?