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When it comes to the world of business and startups,Shark Tankhas played an important role in showcasing great pitches and intense negotiations that keep viewers hooked. Throughout the history of the show, fans have witnessed several emotional moments and dramatic deals. But is all that drama really necessary for the show? FUBU founder Daymond John certainly thinks so.
In an interview, he defended whyShark Tankpitches are overly dramatic with costumes and fiery presentations. On the other hand, John also explained why the drama is essential to the show’s success and how it reflects the reality of taking big risks in the world of entrepreneurship.
Daymond John defends the over-dramatic pitches ofShark Tank
Daymond Johnwas part of the original cast ofShark Tankwhen the show premiered in 2009, alongside Robert Herjavec, Lori Greiner, Barbara Corcoran, and Kevin O’Leary. Throughout the years, the FUBU founder has invested inseveral profitable dealsand is also the third-richest Shark on the reality show, after Mark Cuban and Kevin O’Leary.
Like others, he doesn’t shy away from talking about the show in interviews, and during one such chitchat, he detailed whyShark Tankpitches are overly dramatic. In an interview withNPR, he explained why the high-pressure environment onShark Tankisn’t just for show but reflects the reality of pitching to investors.
“She truly knows how to sell products”: The Most Underrated Shark in Shark Tank Who Has $1 Billion+ in Sales Isn’t Robert Herjavec or Daymond John
The host asked the venture capitalist about the theatrics ofShark Tankpitches, where entrepreneurs sometimes appear in dramatic costumes. In response, he said,“People love a story. And they want to relate to you,”explaining that this connection is what makes these pitches effective on the show.
The host also lauded John’s dressing sense on the show, noting that he is always the best-dressed Shark. To this, he replied,“Because you have to dress—people are judging you,”and added about the entrepreneurs,“We’re judging people in the first 30 seconds of seeing them.”
He emphasized how first impressions matter and how someone’s presentation can make or break a deal. He also added:
If you come over to my house or over come to my office and you say you’re a coder, unless I ask you to wear a suit, you better not be in a suit because that doesn’t look like you’re going to be coding in the dark room in your pajamas for three days straight in a suit. I just don’t believe you.
John also shared how he used to make the best of limited resources during his early days. With only a few affordable outfits, he carefully tailored his wardrobe to look professional and trustworthy.
What is Daymond John’s 3-step approach for making money?
When it comes to money, FUBU founder Daymond John is often seen giving advice and interviews. The venture capitalist, with anet worth of $350 million, has made successful investments over the years, including in companies like Ring and Bombas socks. But for him, success is more about having the right mindset and the knowledge of how to manage money.
He also wants his kids and anyone who is listening to him to understand the importance of financial intelligence. For this, he presented a three-step approach viaFortunethat anyone can follow. First, he says, a person should always use their money for necessities. This means covering things like rent, medical bills, electricity, and paying off any debts.
The next step is to invest money, whether it’s a little or a lot. John recommends putting money into things that will grow over time, like buying a book, starting a business, or investing in the stock market.
The Most Successful Shark Tank Product Ever isn’t Backed by Mark Cuban or Kevin O’Leary: Daymond John Pushed it to $1.3 Billion in Sales
Lastly, after a person has taken care of their essentials and made smart investments, John suggests spending the remaining money on things they want, not things they need.
You can watch all the seasons ofShark Tankon Peacock.
Sakshi Singh
Articles Published :1436
Sakshi Singh has written over 1,300 entertainment articles, mostly about Netflix shows and reality TV. She’s spent the last two years covering everything from surprise engagements to shocking eliminations and previously wrote for Essentially Sports in their Netflix Junkie division. A self-proclaimed reality TV addict, Sakshi has watched all 48 seasons of Survivor and never misses a new dating or competition series. She loves watching how strangers meet, fall in love, team up, or betray each other - it’s the mix of strategy and drama that keeps her hooked. When she’s not glued to a reality show, she’s usually watching a crime thriller or tracking the next big streaming hit.
