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Monday
Jan112010

Shark Tank Is Great Television

(FLP Opinion) - Shark Tank may be the best show on television. If you haven't seen it, it's the program where five independently wealthy investors or "Sharks" are pitched various investment opportunities by small business owners looking for additional funding. If one or more of the Sharks like an opportunity, they use their own money to negotiate a deal with the business owner - and often against another Shark.

It's capitalism in its purest sense. Sometimes brutal, sometimes grand. If you have kids older than eight, this is a great lesson in the American economic system - at least as it still exists. My two boys (14 & 10) absolutely love the show and the drama that unfolds around it.

Each segment begins with the business owner making a product presentation that includes an overview, how much funding they need and what percentage of their company they'd be willing to part with in return for investment. After that process concludes, the sharks begin peppering the owner with questions such as cost to manufacture, competition, overhead, etc. Eventually, the owner is either kicked to the curb - often with a withering critique - or given an offer by one or more of the Sharks. At that point, some fairly intense and dramatic negotiation can take place on both sides in an effort to make a deal.

Compared to other reality programming such as Jersey Shore, Real World or Celebrity Rehab, Shark Tank is a beacon of light in a morass of liberally charged garbage. A program based on capitalistic, conservative principles completely foreign to your run-of-the-mill television fare.

It wouldn't hurt if Obama and the Democrat leadership in Congress spent a few hours watching this program. It might remind them of the economic pillars this country was built upon. They certainly wouldn't hear anything about subsidies, hand-outs or redistribution of wealth.

That would make Shark Tank a very unpopular show on the Left.

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Reader Comments (2)

Love this show. It is a great representation of commerce in America.

January 11, 2010 | Unregistered CommenterJCK

Definitely a great show. Wonder if those investors have hit it big yet with anything they have funded.

January 11, 2010 | Unregistered CommenterDoug

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