What Was That Like - True Stories. Real People.

18: Max got a deal on Shark Tank


Listen Later

This episode is a fun one for me. I’m an entrepreneur, so I love watching Shark Tank. If you’re not familiar with the show, it’s where some regular person who has the beginnings of a business comes on and pitches the idea to 5 investors, called Sharks. The investors ask questions and decide if they want to become partners with that person and invest in the business.

Some of the people who have gone on there have gotten deals and gone on to great success. Others have gotten no deal, but perhaps some constructive criticism and encouragement. And then there are others that have just gotten criticism. And of course that’s part of what makes it entertaining.

Here’s some interesting facts about Shark Tank:

  • Each season, they film batches of episodes together. All of the sharks come out to California for 2 weeks in June and they see as many as ten product pitches in each 10-hour day of filming. Then they come out again for 2 weeks in September and do the same thing. Out of all that, they get the 22 episodes for a season.
  • In a recent season, there were 158 pitches filmed, but only 88 of them actually got on the air. The pitches average about 45 minutes, and then they get edited down to about 11 minutes each.
  • Many of the deals made on the show never actually happen. And really that makes sense. The person might get their sales or cost numbers wrong, or some other details that don’t add up, and that can obviously cause a change of mind for the investor.
  • But my conversation today is with a young business man named Max, and in his case, the investment in his business DID happen. Max is a 19 year old college student, and he has developed a cold-brew coffee filter that he hopes will soon become a household product and introduce lots of people to the idea of cold-brew coffee.

    And it turns out Mark Cuban, who’s one of the sharks and is also a billionaire investor who owns the Dallas Mavericks basketball team, also thought the product has potential, so he and Max are now partners in this venture. And I agree, it’s a pretty clever idea.

    As you’ll tell from our conversation, Max is a really bright kid and he’s got a tremendous future. I loved talking with him, and really I liked kind of getting the perspective of someone that has actually gone on that show – how he prepared for it, how he got the deal, and what’s happened since then. Going on a show like this to pitch your idea to investors is one of those things that’s part exhilarating and part terrifying.

    If you want to watch the episode with Max, it’s this current season of Shark Tank, which is Season 10, and he’s on episode 9. It aired on January 6, 2019.

    Here’s Max, showing how his cold-brew coffee filter works:

    https://youtu.be/zVybyq00QTo

    To connect with Max:

    • Website: https://www.bruw.net/
    • Facebook: https://facebook.com/bruwcoffee
    • Instagram: https://instagram.com/bruwcoffee
    • Twitter: https://twitter.com/bruwcoffee
    • And as always, I’d love to hear what you think of this episode! Email me at [email protected].

      Learn more about your ad choices. Visit megaphone.fm/adchoices

      ...more
      View all episodesView all episodes
      Download on the App Store

      What Was That Like - True Stories. Real People.By Scott Johnson & Glassbox Media.

      • 4.7
      • 4.7
      • 4.7
      • 4.7
      • 4.7

      4.7

      1,604 ratings


      More shows like What Was That Like - True Stories. Real People.

      View all
      This Is Actually Happening by Wondery

      This Is Actually Happening

      10,351 Listeners

      The Generation Why Podcast by Wondery

      The Generation Why Podcast

      17,233 Listeners

      The Secret Room | True Stories by Ben Hamm

      The Secret Room | True Stories

      2,879 Listeners

      How I Survived by Pacific Podcast Network

      How I Survived

      816 Listeners

      Invisible Choir by Reach Freaks

      Invisible Choir

      5,210 Listeners

      Family Secrets by iHeartPodcasts

      Family Secrets

      5,105 Listeners

      Something Was Wrong by Broken Cycle Media | Wondery

      Something Was Wrong

      25,276 Listeners

      Music City 911 by Music City 911

      Music City 911

      875 Listeners

      Strictly Stalking by PodcastOne

      Strictly Stalking

      2,527 Listeners

      I Survived by A&E / PodcastOne

      I Survived

      5,726 Listeners

      WHEN DATING HURTS by Evergreen Podcasts

      WHEN DATING HURTS

      320 Listeners

      Betrayal: Season 4 by iHeartPodcasts and Glass Podcasts

      Betrayal: Season 4

      7,040 Listeners

      What Came Next by Broken Cycle Media

      What Came Next

      625 Listeners

      lovelustfear by lovelustfear

      lovelustfear

      116 Listeners

      You Probably Think This Story’s About You by Brittani Ard

      You Probably Think This Story’s About You

      1,568 Listeners