ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Because the panel of venture capitalist might want to buy the product.
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Because friends and family members will be impressed with the sales pitch.
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Because an appearance on the show is worth millions of dollars in free marketing.
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Because it is an opportunity to practice the sales pitch in front of good judges.
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Detailed explanation-1: -While Shark Tank has not only changed the lives of its participants by giving them an opportunity to scale their businesses, the show offers aspiring entrepreneurs the chance to refine their own business pitches based on the mistakes and successes of others.
Detailed explanation-2: -Because, as with many companies that are just starting up, the business might have lots of promise for the future, but need money to fund its early stage, or for growth.
Detailed explanation-3: -You don’t get paid to appear on the show. The only way to walk out of Shark Tank with some money is through a deal.
Detailed explanation-4: -Shark Tank India is the best show in India to learn about how business is done and what it takes to succeed as an entrepreneur. The show brings together some of the most successful people from Indian businesses on one platform, bringing their stories, struggles and life learnings forward.