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TESTING THE WATERS: Jayden Rogers (left) and Robbie Adams dipped their toes into the Shark Tank. Photo: Attila Casszar

Sink or swim for startups when the sharks are circling

Two local entrepreneurs have had contrasting experiences appearing on Channel 10’s recently concluded Shark Tank, a reality TV show in which budding entrepreneurs pitch their ideas to a panel of potential investors.

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Busselton WA 6280
My Husband and I also where filmed in November last year for season 1. While our pitch was not aired, we had a very similar experience as Robbie Adams. We went into the show with little sales and were basically after the Sharks experience and knowledge to manufacture our product. We were treated by the Sharks as one can only describe in a condescending manner. We were interupted halfway thru our pitch, and the Sharks did in fact bring up our main Business that is in a completely different industry to what we were pitching, even though the Sharks are not meant to have any prior knowledge of the people pitching. It is of our opinion that the Sharks had researched us, and had made up their minds before we even walked into the pitch. We were treated with little respect, as Business people who had in fact put around the $400 thousand into the development of our own product. People pitching their ideas are not just after the money investment from the Sharks, they are mainly after knowledge, advise and experience, which is what the whole concept of the show was to be about. We feel that that the Sharks all had specific role to play, and it was all for reality TV. Our opinion is not sour grapes for not getting a deal, we feel the lack of respect and the whole negative experience has been a very demoralising and dissapointing waste of time.

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