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ABC’s Reality Show 'Shark Tank' Looking For Minority Businesses

Television
by Sergio
July 2, 2013 11:24 PM
10 Comments
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The ABC Network and producer Mark Burnett’s One Three Media, have announced that they are starting measures to actively attract more minority and women-owned businesses to appear on their reality show Shark Tank.

In fact, casting directors for the show will be holding an open call on Friday, August 23, during the Kingonomics Innovation, Entrepreneurship & Investment Conference in Washington D.C. and it's stated that “all conference registrants will receive priority consideration for a chance to be a part of this casting call."

According to an official statement by conference organizers “The Kingonomics conference… will bring together experts in innovation, entrepreneurialism, crowd funding and in investment from all over the world to train minority business owners, start-ups, investors, youth entrepreneurs and veterans on how to access capital, invest and obtain personal and business wealth."

Adding: "Now thousands of minority and women entrepreneurs will have the chance to fulfill their own dreams with a chance to audition for ABC’s Shark Tank, providing an opportunity for them to gain the much needed capital for growing their businesses."

The show, which averaged close to 7 million viewers this past season, features a panel of "potential investors", which have included people like billionaire Mark Cuban, called "sharks", who consider offers from "aspiring entrepreneurs" seeking investments for their business or product. The entrepreneur or "contestant" can make a deal on the show if a panel member is interested. However, if all of the panel members opt out, the contestant leaves empty handed.

Of course there’s more than that to on the show...

Many deals made on the show never actually go through, due to the investors' "vetting process" which includes product testing, and the examination of the contestants' personal and business financials in the days and weeks following the show.

In other words, there’s no free lunch on this show.

However, if you’re still interested, go HERE for more info.

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10 Comments

  • ALM | July 3, 2013 1:18 PMReply

    This is my show! The show should be must see tv for anyone even remotely thinking about owning a business. The show is very specific though. It's not for every business. You need to have proven current success and show a strong possibility of future success.

    I am always teasing people when they throw out ideas. I'll say, "That's your "Shark Tank" idea.

    I like the panel, although it would be nice to see someone like Mellody Hobson (now Lucas) or Oprah join the panel as guests for a 2 or 3 episode arc.

  • scriptTease | July 3, 2013 10:14 AMReply

    I love myself some "Shark Tank".

  • Tom Haverford | July 3, 2013 10:07 AMReply

    I'm surprised the article chose to highlight Mark Cuban instead of Daymond John, who's actually been a judge for more time.
    Good to see they're making an effort, though. Hopefully, the fact that they're putting this out there means it's more than a token effort.

  • CareyCarey | July 3, 2013 1:44 PM

    Get'em Sergio! *LOL*

    I'm riding with you on this one 'cause although I've seen the show the name Daymond John did not ring a bell. So I to was taken aback by Tom's comment. But Tom is apparently looking for something else.

    "If this site won't highlight black personalities in media, then who will? John started FUBU, is a successful black entrepreneur and media personality, and deserves as much, if not more, respect than Cuban" ` Tom H.

    WHAT!? So now this site and this post is about promoting and highlighting successful black
    entrepreneurs? I don't think so. This post is centered on the reality tv show Shark Tank and Kingonomic and Mark Burnett.

    Opps, Mark Burnett is a white guy so I might get called out (like Sergio did) if I don't mention the black author and creator of Kingonomic, Dr. Rodney Sampson. I mean, many have heard of Mark Burnett's The Voice and Celebrity Apprentice, but who the heck is Rodney Sampson? Oh, that's right, Sergio should have included that side note in his post -huh Tom?

  • sergio | July 3, 2013 1:27 PM

    So does Justin Slayer. I dare say even more so

  • Tom Haverford | July 3, 2013 1:17 PM

    If this site won't highlight black personalities in media, then who will? Without Shadow and Act, I'd never know of Danai Gurira's work as a playwright, the existence of Being Mary Jane, or a multitude of other things. If you think John should get more publicity, well, what better place than a Shadow and Act article about Shark Tank?
    Like I said, Sergio, this isn't a slam against you. But to say that Daymond John isn't worthy of being the representative of a show he's been on since the start only because someone else is more publicly boisterous, well, I can't help but disagree with that. John started FUBU, is a successful black entrepreneur and media personality, and deserves as much, if not more, respect than Cuban.

  • sergio | July 3, 2013 12:31 PM

    "Choosing to go with the white guy who joined the show halfway over the black guy who's been there from the start; you can see the issue with that, can't you?"

    Like I said I've never seen the show nor have I ever heard of Daymond John. But I've heard of Mark Cuban. Who hasn't? He makes sure he gets publicity for whatever he does. I suggest John do the same. Hey, James Deen gets more publicity than Justin Slayer but you don't see me whining about it

  • Tom Haverford | July 3, 2013 11:36 AM

    That wasn't a slam against your reporting skills. But it's not a stretch to hope that a site like Shadow and Act is going to highlight the black presence in a show like Shark Tank, and I pointed out that John's been on the show longer to indicate that he's as legitimate a name to have up as Cuban, if not more legitimate. Choosing to go with the white guy who joined the show halfway over the black guy who's been there from the start; you can see the issue with that, can't you?

  • sergio | July 3, 2013 10:27 AM

    Because I've never seen the damn show but when I saw the list of judges I recognized Cuban's name

  • sosgemini | July 2, 2013 11:27 PMReply

    How about they start by featuring the two female sharks on the same episode? :eyeroll:

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