For 17 seasons, entrepreneurs, inventors, and dreamers have walked into the Tank hoping to strike a deal with the powerhouse investors on ABC’s five-time Emmy Award–winning series Shark Tank.
Viewers think they know the Sharks extremely well by now. But according to the people who run the auditions and produce the show, there’s still plenty that fans don’t see that happens behind the scenes. Executive Producer Clay Newbill, who has been with the show since day one, says the reality series is exactly that – completely real.
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“People always ask if the show is real. And I eagerly tell them that it is 100 percent authentic,” Newbill exclusively tells Parade. “The Sharks are truly good souls,” he said. “They are Renaissance people. They are all kind, fascinating to talk to, and super smart!”
Kevin O'Leary, Daymond John, Barbara Corcoran, Mark Cuban, Lori Greiner, and Robert Herjavec on the ABC Reality series 'Shark Tank'At the Clover x Shark Tank Summit in Las Vegas, Newbill was joined by Sharks, including Daymond John, Barbara Corcoran, Robert Herjavec,Kevin O’Leary, Daniel Lubetzky, and Mark Cuban, and he opened up about the evolution of the hit franchise.
Presentations were also made at the Summit by the founder of Bombas Socks and Cousins Maine Lobster, two extremely successful companies that skyrocketed sales after investments from the Sharks; Cousins Maine Lobster from Corcoran and Bombas Socks from John. In addition, several of the guest Sharks joined the Clover x Shark Tank Summit, including poppi founder Allison Ellsworth and venture capitalist Rashaun Williams.
Related: Meet the New Generation of ‘Shark Tank’ Sharks — And Find Out What They Learned from Mark Cuban (Exclusive)
Here are seven things Shark Tank fans may be shocked to learn from the show, according to Executive Producer Clay Newbill.
“They were once exactly where the entrepreneurs are -- armed only with an idea, passion, and belief,” Newbill says. “The show celebrates how one idea can change not only the life of the person who came to pitch us, but entire families, towns, and communities.
Related: Combat Veteran & Teacher Duo Hit ‘Shark Tank’ With Heartwarming Business
2. The Sharks are teachers as much as investors
“The panel is constantly evolving, and Newbill says the show’s team learns from them every season—about business, instincts, and innovation.”
3. The entrepreneurs are the heart of the show
“Whether it’s a brand-new 'wow' idea, a smarter version of an existing product, or something with social impact, the inventors are the lifeblood of Shark Tank.”
Kevin O’Leary and Robert Herjavec, in the hit reality series, Shark Tank. Photo Credit: Christopher Willard/ABCNo advance notes. No briefings. “That’s by design,” Newbill explains. “It forces the Sharks to ask questions and explore.” They only learn the entrepreneurs’ first names before the cameras roll. He compares each pitch to a courtroom drama: “Every answer can mean the difference between a deal or no deal.”
Related: ‘Shark Tank’ Star Reveals the Surprising Deal That’s Made Millions: ‘I Didn’t Think They’d Do Well’
5. Pitches are much longer than what's shown
Pitches you see have been edited down to seven minutes. “The actual pitches run 45 minutes to an hour, which is still a short window to break down an entire business and why it should be so compelling to one or more of the Sharks.”
Updates on various businesses are extremely popular because they show the journey from “two or three people around a kitchen table” to thriving factories and full teams. “People love the success stories,” Newbill says. “It inspires them to take that leap."Related: Robert Herjavec Shares How His Mom Inspired His Life-Changing ‘Dancing With the Stars’ Journey (Exclusive)
7. Shark Tank has become an international phenomenon
The show format has aired in more than 50 countries. Known in their regions as Shark Tank or Dragons' Den, it originated in Japan. Herjavec and O’Leary even appeared on Canada’s Dragon’s Den before being cast on Shark Tank in the U.S. In Germany, the show was called Lion’s Den.
A new holiday-themed episode of Shark Tank: "Cash or Coal: The Sharks Get Into the Holiday Spirit," airs on Wednesday, December 10, at 9 p.m. ET.
After the holiday break, Shark Tank will return with a new episode on Wednesday, Jan. 7 at 10 p.m. ET/9 c and streams the next day on Hulu. Previous seasons are available to stream on ABC and Hulu.
Next, Surprise Loved Ones This Holiday With Their Favorite Reality Star Starting at $20
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