Whether they are meant to be there or not, real business lessons are buried within the made-for-TV, startup-pitch-event-turned-reality-show Shark Tank, and despite the raised eyebrows, I love the program.
A rotating crew of five potential investors, billed as self-made millionaires, hear quick pitches from would-be entrepreneurs of varying skills, interests and levels of experience. Sometimes deals are made; sometimes those entrepreneurs walk away with nothing, aside from a little exposure.
This is not the first time I’ve talked about the show: last fall, I wrote about what the Knight News Challenge could learn from Shark Tank.
I watched most of last season and all of what has come out so far this year. I’ve got to thinking there are a few lessons to be learned from watching. Updated: Tech Crunch has a newer post offering lessons for the show.
Continue reading Shark Tank: 25 things I learned from watching the startup pitch reality TV show
The Knight News Challenge is once again alive.
The deadline for applications in the fifth annual media innovation pitch series from the John S. and James L. Knight Foundation is, as deadlines tend to do, rapidly approaching: Dec. 1.
It was only back in June that the recipients of the 2010 Knight News Challenge grants were announced, for which you can see commentary from the Nieman Journalism Lab here.
In other news, ABC this fall announced that outspoken billionaire and Dallas Mavericks Owner Mark Cuban and comedian Jeff Foxworthy would be joining a handful of venture capitalists on the second season of made-for-TV, speed investment pitch reality show “Shark Tank.”
Despite being influenced by a popular Japanese program format and easily being among the most interesting reality TV shows I’ve ever seen, “Shark Tank” wasn’t the ratings success ABC may have wanted.
Popular or not, from when the show first debuted and even more so this year, I think there is plenty the Knight News Challenge should take from “Shark Tank.”
Continue reading What the Knight News Challenge could learn from ABC’s ‘Shark Tank’