Shark Tank facts for kids

Shark Tank is a popular TV show from America that you can watch on ABC. It's a bit like a game show where people with new ideas or small businesses try to get money to grow.

The show is based on another TV series called Dragons' Den. On Shark Tank, inventors and business owners, called "entrepreneurs," come to present their ideas. They "pitch" their products or services to a group of very successful investors. These investors are known as the "Sharks."

What is Shark Tank?

Shark Tank is a reality television show where people with new inventions or small businesses try to get money from rich investors. These investors are called "Sharks." The show has been on TV for many seasons, helping many new businesses get started or grow bigger.

How Does Shark Tank Work?

On the show, people come into a special room to show their product or idea to the Sharks. This is called a "pitch." They explain what their product is, how it works, and how much money they think it can make. They also say how much money they need from the Sharks and what part of their company they are willing to give up in return.

Who Are the Sharks?

The Sharks are very successful business people who have made a lot of money from their own companies. They listen to each pitch and decide if they want to invest their own money. One famous Shark is Mark Cuban. If a Shark likes an idea, they might offer money in exchange for a share of the company or rights to the product.

What Happens on the Show?

After the pitch, the Sharks ask lots of questions. They want to know everything about the business, like how much it costs to make the product, how many they have sold, and if there are other similar products. Sometimes, more than one Shark wants to invest, and the person pitching gets to choose which Shark they want to work with. Other times, no Shark invests, and the person leaves without a deal.

Why is Shark Tank Popular?

The show is popular because it's exciting to see new inventions and ideas. It also teaches viewers about business, money, and how to make a company grow. Many people enjoy watching the Sharks negotiate and seeing if the entrepreneurs get the money they need.

See also

In Spanish: Negociando con tiburones para niños