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Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
In reality, most pitches last for a grueling hour or more, but are edited down to make entertaining ten minute television segments.
The entrepreneurs must convince the sharks to invest the full amount of money they are asking for, or more, or they leave the tank without a deal.
The deals reached on the show are preliminary agreements and are not binding until the sharks do their due diligence in checking out the entrepreneur and claims made in the pitch.
Corcoran then goes out since he did not immediately accept her initial offer.
Mark Cuban makes an offer as well, coming in at 0,000 for seven-and-a-half percent and two-and-a-half percent in advisory shares.
Since Valentine’s Day, they have accumulated more than half a million users. They have no sales to date, but hope to utilize the app’s demographics and data for consumer behavior insights in the future.