Shark Tank is back!

slayerment said:
Best show on TV. College kid was a tool listening to his professor rather than going with his gut. Have Mark Cuban as partner or college professor who teaches college because he was never able to amount to anything in real life... hmmm, I'll take the college professor.
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Yes his partner and professor hasn't been able to hack it in the real world, so he works at IU's Kelley School of Business.

Gerry Hays:Faculty, Research & Teaching:Kelley School of Business:Indiana University Bloomington

Seriously, this is probably the dumbest thing I hear around this place. 'Oh, they're professors because they couldn't hack it in the real world.'

Most professors have significantly more going on than teaching, specifically when they're a business professor at one of the most respected business schools in the country (Kelley consistently ranks in the top 20 for both undergrad and graduate programs).

Get a clue dude.
 


The first guy denying:

TateDecleatsLee.gif
 
JRose said:
Yes his partner and professor hasn't been able to hack it in the real world, so he works at IU's Kelley School of Business.

Gerry Hays:Faculty, Research & Teaching:Kelley School of Business:Indiana University Bloomington

Seriously, this is probably the dumbest thing I hear around this place. 'Oh, they're professors because they couldn't hack it in the real world.'

Most professors have significantly more going on than teaching, specifically when they're a business professor at one of the most respected business schools in the country (Kelley consistently ranks in the top 20 for both undergrad and graduate programs).

Get a clue dude.
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I don't know this guy so it's hard to really judge what happened, but I do know that every May the doors open and a new flock of B-School charmboys rushes into the world armed with all the knowledge, education, and connections that money can buy, and none of the natural sense needed to succeed. There's a name for these people, and it's middle management.

Business isn't a science, it's an art, and playing it too closely can be costly.

The value of the relationship with Cuban far outweighed that shitty fucking coatcheck idea, but it seems like since there's no way to quantify the value of a relationship, the professor had to make a decision based on the numbers, and going strictly by the numbers, it was a bad deal for the kid and he was right to take a pass on it.

but

It's not always about the numbers.
 
any favorite past episodes? I've only seen a handful of them and remember slightly lol'ing at the Longboard surfing SEO who told Mark Cuban "You can't just find people like me to optimize the Googles!"
 
IcetoEskimos/JRose go check out the comments on that article I posted earlier. There is a discussion by the college kid about some of the stuff that was dropped on the editing floor...
 
IceToEskimos said:
I don't know this guy so it's hard to really judge what happened, but I do know that every May the doors open and a new flock of B-School charmboys rushes into the world armed with all the knowledge, education, and connections that money can buy, and none of the natural sense needed to succeed. There's a name for these people, and it's middle management.

Business isn't a science, it's an art, and playing it too closely can be costly.

The value of the relationship with Cuban far outweighed that shitty fucking coatcheck idea, but it seems like since there's no way to quantify the value of a relationship, the professor had to make a decision based on the numbers, and going strictly by the numbers, it was a bad deal for the kid and he was right to take a pass on it.

but

It's not always about the numbers.
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I wasn't saying that not taking Cuban's offer and gaining access to him was the right decision. I don't know they're business plan, what their end game is. That's not my decision to make, it's theirs and only time will tell if it was the right one.

My point was pretty explicit. The notion that being a professor means that these people have failed at business. That's a complete generalization and a total crock.

This professor co-founded a food service that's currently in more than 600 locations.

Prior to that he founded Home Yeah Real Estate Technologies, which later became edirectproperties and was subsequently acquired by Help U Sell Real Estate (presumably he made money on this).

Now he's a partner at Open Prairie Ventures, a small but successful midwestern VC firm that seems to focus primarily on life and ag science technologies.

To say that he's a professor because he couldn't hack it in the real world is a crock. Has he been as successful as Cuban? Of course not, not very many people have. But for the most part, he's been leaps and bounds more successful than the type of people that spew the 'he teaches because he can't do' bs.

That was my point.
 
Gertex said:
IcetoEskimos/JRose go check out the comments on that article I posted earlier. There is a discussion by the college kid about some of the stuff that was dropped on the editing floor...
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If what he says is true, it leads me to believe that there's a lot more scripting going on with Shark Tank than it appears.

The producers decide what they want to show, and then they show it.

That's television for you.

Either way, once the show airs, that kid has 25 competitors all trying to do what he's doing better and cheaper, and to market it more effectively. So if you find yourself making a pitch on Shark Tank, I'd be sure to be in a position to move fast if you don't get a deal, because somebody else will be right there.

I didn't dig the idea that much, and I thought his presentation had about as much gravity as a middle-school theater production, but I hope that this somehow works because I'm tired of going to places that don't have a coat check.
 
JRose said:
I wasn't saying that not taking Cuban's offer and gaining access to him was the right decision. I don't know they're business plan, what their end game is. That's not my decision to make, it's theirs and only time will tell if it was the right one.

My point was pretty explicit. The notion that being a professor means that these people have failed at business. That's a complete generalization and a total crock.

This professor co-founded a food service that's currently in more than 600 locations.

Prior to that he founded Home Yeah Real Estate Technologies, which later became edirectproperties and was subsequently acquired by Help U Sell Real Estate (presumably he made money on this).

Now he's a partner at Open Prairie Ventures, a small but successful midwestern VC firm that seems to focus primarily on life and ag science technologies.

To say that he's a professor because he couldn't hack it in the real world is a crock. Has he been as successful as Cuban? Of course not, not very many people have. But for the most part, he's been leaps and bounds more successful than the type of people that spew the 'he teaches because he can't do' bs.

That was my point.
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I'd wager that his "block and tackle" approach to entrepreneurship has served him very well, but it's precisely the sort of thing that separates him from a guy like Cuban or O'Leary.

I don't know why he teaches, he must really enjoy it, and if so, good for him.
 
^ Sure it probably is one of the things that separates him from the Mark Cubans of the world. That and about a thousand other things; not founding broaccast.net which Yahoo bought for like $6 billion would be one of those 1,000.

A great acumen for business and a net worth of $2+ billion after selling an internet corp. is a great start to building the kind of empire Cuban has. He's wildly successful and very good at what he does, obviously. That being said, he and O'Leary are two of the titans of entrepreneurship, but they are the outliers.

If you're measuring success by what those two, and others like them, have achieved, you're saying that only around 1,500 people in the world have attained success, and that's a ridiculous notion.
 
JRose said:
^ Sure it probably is one of the things that separates him from the Mark Cubans of the world. That and about a thousand other things; not founding broaccast.net which Yahoo bought for like $6 billion would be one of those 1,000.

A great acumen for business and a net worth of $2+ billion after selling an internet corp. is a great start to building the kind of empire Cuban has. He's wildly successful and very good at what he does, obviously. That being said, he and O'Leary are two of the titans of entrepreneurship, but they are the outliers.

If you're measuring success by what those two, and others like them, have achieved, you're saying that only around 1,500 people in the world have attained success, and that's a ridiculous notion.
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I don't disagree with any of this.
 
On another note, I just started casting for my new TV show "Food Bank".

It's kind of like Shark Tank, except that instead of entrepreneurs hungry for venture capital, we are going to feature actual hungry people who are hungry for food.

They'll come in and explain why they need food, how much they need, and what their plans are for getting food in the future.

A panel of WF members will make the decisions on who gets fed, and who gets dead.

I think it will be a big hit.
 
slayerment said:
Best show on TV. College kid was a tool listening to his professor rather than going with his gut. Have Mark Cuban as partner or college professor who teaches college because he was never able to amount to anything in real life... hmmm, I'll take the college professor.
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I'm with you- bet on the fact that Mark Cuban is going to grow the business much bigger and faster than he would ever be able to grow it with the professor and deal with the legal consequences later, as needed.
 
Yeah I think getting Cuban to fund your biz is the way to go. The upside of making that deal is way too high.

It gives you instant social proof for the rest of your life.


Besides I believe the kid's whole business model kinda sucks/isn't really scalable.
 
Garrett said:
any favorite past episodes?
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This one is always good:

[ame=http://www.youtube.com/watch?v=ZgiNN2XzGmc]Dragons Den USA - YouTube[/ame]

Another reason why you should be hesitant to listen to your professor when dealing with insanely wealthy self-made entrepreneurs.
 
IceToEskimos said:
On another note, I just started casting for my new TV show "Food Bank".

It's kind of like Shark Tank, except that instead of entrepreneurs hungry for venture capital, we are going to feature actual hungry people who are hungry for food.

They'll come in and explain why they need food, how much they need, and what their plans are for getting food in the future.

A panel of WF members will make the decisions on who gets fed, and who gets dead.

I think it will be a big hit.
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Sorry ICE, Obama beats all:

THE FOOD STAMP RECOVERY:

The Unprecedented Increase in the Supplemental Nutrition Assistance Program 2008–12


[ame=http://www.youtube.com/watch?v=ge3aGJfDSg4]Obama In 1998: "I Actually Believe In Redistribution" - YouTube[/ame]
 
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