Prior to beginning work on this discussion forum, read Carlson’s textbook, Chapters 1 through 3. In addition, it is recommended to watch a Shark Tank episode via television or YouTube. One recommendation is to view Shark Tank Us/ Top 3 Pitches That Were Offered $1M or More! It is also recommended to review the Shark Tank site on Facebook, which has information about the show that may assist you with this discussion.
In 2009 American Broadcasting Channel (ABC), a subsidiary of the Walt Disney Company aired its first show of Shark Tank. In this reality television show, “a group of budding entrepreneurs takes a chance at making their dreams come true by convincing five self-made, multi-millionaire tycoons to part with their own hard-earned cash and give them the funding they need to jumpstart their business ideas” (Facebook/Shark Tank, n.d., para 1). This discussion is like this concept except it is called Ed Tank and the imaginary millionaires are your classmates.
In this discussion, you are asked to pitch your own business idea to your classmates who are considering investing in your company. You are asked to address the following:
- What does your company offer and why are you passionate about this business?
- How is your product or service innovative?
- What financial issues do you foresee with the startup of this business?
The end result is that you want to convince your classmates as to why they should invest in your idea. As a classmate, you are asked to respond to your fellow student’s posts and point out the pros and cons that would sway you to either invest or choose not to invest.
