Shark Tank & Cryptocurrency: Fish Food or Shark Bait? (Pt. 1)

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If you're anything like me, Shark Tank is your go-to comfort show that plays in the background as you scroll your phone. In this two-part series, we'll learn more about the show, its co-hosts, and how each famous business mogul views cryptocurrency. 

The Shark Tank's Mission

As the show's introduction to the show goes:

"The Sharks are looking for the best products and businesses America has to offer. Hopeful entrepreneurs come to the Shark Tank seeking an investment to start, grow or save their businesses. If the Sharks hear a great idea, they're ready to invest using their own money. And they'll fight each other for a piece of the action. But first, the entrepreneur must convince a shark to invest the full amount they are asking for."

For people who dream of being an entrepreneur, Shark Tank gives them hope. They can learn more about pitching business ideas, what kind of investors are looking for, and how to prepare their vision. It can also encourage viewers to keep trying for their dreams while watching others reach theirs!

Meet The Sharks 

The panel of sharks consists of Mark Cuban, Kevin O'Leary, Barbara Corcoran, Daymond John, Lori Greiner, and Robert Herjavec (along with other celebrity guest sharks).

Mark Cuban

Mark Cuban was born July 31, 1958, in Pittsburgh, Pennsylvania. Cuban is famous for his bold, unambiguous views and mindset, which significantly led to his perpetual success as a businessman. Cuban continues to challenge the status quo in the world of media and technology. He is also the owner of the NBA team, The Dallas Mavericks.

Net Worth: $4.7 Billion

Top Shark Tank Investment: Cuban has invested $19.85 million on air to companies that have appeared on the show, according to the "Shark Tank" analysis site Sharkalytics.com. The most lucrative investment was Cycloramic -- a smartphone application that allows you to rotate your Phone 360 degrees and take panoramic photos, which acquired $22 million after the founder, Bruno Francois, rebranded his selfie-taking app into one used to photograph cars.

Kevin O'Leary

Terence Thomas Kevin O'Leary was born July 9, 1954, in Montreal, Canada. Nicknamed "Mr. Wonderful," O'Leary is a businessman, entrepreneur, author, political candidate, and television presenter.

Net Worth: ~$400 Million

Top Shark Tank Investment:  "Plated," an American ingredient and recipe meal kit service, sold for $300 million to Albertsons.

Barbara Corcoran 

Barbara Corcoran was born on March 10 in Edgewater, New Jersey. Corcoran is an American businesswoman, investor, speaker, consultant, syndicated columnist, author, and television personality.

Net Worth: ~$100 Million

Top Shark Tank Investment: "The Comfy," -- a wearable blanket that has made a whopping $300 million in sales in 3 years. 

Daymond John 

Daymond Garfield John was born in Brooklyn, New York, on February 23, 1969. John is an American businessman, investor, television personality, author, and motivational speaker. In addition, John is known as a famous hip-hop fashion designer and is the founder and CEO of the clothing label FUBU.

Net Worth: ~$350 Million

Top Shark Tank Investment: "Bombas," -- a company that creates comfortable socks and apparel and gives back in the process. To date, Bombas is still in active business. The company has donated more than 45 million socks to the homeless. Also, its net worth is now over $100 million in revenue.

Lori Greiner

Lori Greiner, also known as "The Queen of QVC," was born in Chicago, Illinois, on December 9, 1969. Known as the "warm-blooded shark," Lori Greiner has invested over $9.5 million in Shark Tank. AND, of the 20 most successful pitches on the show, 10 received an investment from Greiner.

Net Worth: ~$150 Million

Top Shark Tank Investment: "Scrub Daddy," -- a high-performance line of cleaning products. Today, Scrub Daddy is considered the third-biggest sponge provider in America. With this, Aaron Krause's net worth is $70 million, and Scrub Daddy is worth $209 million.

Robert Herjavec

The son of an immigrant, Robert Herjavec, was born September 14, 1962, in Varaždin, Croatia. The Croatian-Canadian businessman, investor, and television personality founded BRAK Systems, a Canadian integrator of Internet security software, and sold it to AT&T Canada (now Allstream Inc).

Net Worth: ~$200 Million

Top Shark Tank Investment: "The Bouqs," an affordable, freshly cut, farm-to-table flowers. The company raised $55 million in 2019 and has dramatically expanded. Bouqs generates an annual income of $27 million (and growing).

Shark Tank Entrepreneurs & Investments  

As you can see, the Sharks know a thing or two about making money by investing smartly.

This show has been a launching pad for some of the most remarkable brands and products sold, even when the entrepreneur didn't receive an investment from a shark. (I'm looking at you-- Jamie Siminoff (Inventor of Ring Doorbell and achiever of a 350 million dollar net worth).

Siminoff even appeared as a guest shark on season 10-- talk about an "I told you so" moment!

This wasn’t the only time the sharks missed a golden opportunity. The investors have also passed on many other lucrative acquisitions such as Kodiak Cakes, Lip Bar Lipsticks, Proof Eyewear, Spikeball, and others.

So, the sharks may not have seen the value in those now-million-dollar companies during their infancy-- did they see the opportunity within cryptocurrency in its early stages? See for yourself in part 2.

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