"The most valuable asset"- When Shark Tank's Kevin O'Leary credited "producers" of the show 

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Kevin O'leary from Shark Tank/ Image via Instagram/ @kevinolearytv

Shark Tank investor Kevin O'Leary hails the producers of the show for making it a success while talking about all the behind-the-scene pain on their heads. During an interview with CNBC co-anchor Tyler Mathisen, he chimed in about how initial seasons were not so hit until the production team intervened with their "winnowing" process.

Citing that there are endless applicants for the show, some of the pitches were so useless that the first three seasons of the show must have attracted only "cats" as an audience. However, giving credit to the producers of the show, who made the work easy for the investors by bringing in the actual founders, who had some meaningful ideas, and execution skills to make it big.

He also revealed a big change that occurred in Season 4. He explained that the producers started asking for "a five percent equity stake or two and a half percent of free cash flow in perpetuity from any company" who wished to sign up for the show to ensure accountability.

He shared that post-season 4 they got some "amazing entrepreneurs" who had backing from angel investors and venture investors. He then admired the producers of the show for sitting behind the video auditions and looking at all the details about the entrepreneurs making sure that they were the one.

"So the most valuable asset inside Shark Tank are those hundred and twenty plus producers andpas and assistants and showrunners," added Shark Tank investor Kevin O'Leary.

Here are the attributes of a "successful pitch" according to Shark Tank investor Kevin O'Leary

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During an interview with Tyler Mathisen, Shark Tank investor Kevin O'Leary shed some light on what goes behind presenting an engaging episode of the show to the viewers. Admiring the hard work of the production house along with the other people helping to run the show, Kevin also talked about how he learned to figure out a "successful pitch".

According to Kevin, it is quite an easy task to pinpoint some basics that decide the future of a pitch. He stated that a pitch that can articulate the fundamental idea in 90 seconds or less, is the one to get a fund from the show. The clarity in putting forward their business idea is the key to funding.

Another attribute stated by Kevin was if the pitchers are bringing team energy and can put the details of their business in 10 minutes and be thorough with their statistics.


Shark Tank airs on ABC Network.

Edited by Sroban Ghosh
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