In business, “better a foot a brake than two in the coffin.” So says John Rafael Koehler, one of five investors Shark Tank – alongside Mario Ferreira, Miguel Ribeiro Ferreira, Susana Sequeira and Tim Vieira – that over 13 episodes help entrepreneurs to find investment for their companies and ideas. The English version of this program comes to SIC this Saturday night in a format that you want to be faithful to the original.
With six seasons in the US and recognized worldwide hit, Shark Tank raised in 2014, an Emmy in a category held by programs such as The Mysterious Colleague or Mythbusters and the Critics’ Choice Television Award for Best Reality TV Series , accumulating as many appointments since 2012. Entrepreneurs Robert Herjavec, Kevin O’Leary, Daymond John, Mark Cuban, Barbara Corcoran, Lori Greiner and Kevin Harrington have been through the cast of “sharks” of the US edition.
In Portugal, the phase of selection of candidates began in October 2014. They had to submit a video with a duration of five minutes, considered the “most important part of your application.” And to be chosen for the next stage was “important to know well the numbers of your business,” explains production.
Then, face to face with the dreaded “sharks”, which is necessary to the candidates have clear, compelling speech about the concepts of your business in order to achieve convince at least one of the investors to be their partners and to surrender the necessary capital, as well as contacts and experience, for business start up or stand.
The program is geared to existing companies, but you can only submit a business idea or patented products that have not yet been released. Great ideas, creative and certainly some absurd are expected.
Shark Tank assumes that “a simple idea can be turned into a business,” explains Mario Ferreira at the conference press presentation of the program held on Thursday in Lisbon. The chief executive of Douro Azul is one of the five “sharks” who along with John Rafael Koehler (executive director of Colquímica), Miguel Ribeiro Ferreira (chairman of Viva Font group ), Susana Sequeira (founder and administrator of the MSTF Partners) and Tim Vieira (Executive Director of Special Edition Holding) will lead the program that will air every Saturday night.
While recording the series of 13 episodes that now will go to air, the five “sharks” were surprised by the “creativity of the Portuguese.” They appeared candidates coming from various parts of the country and from abroad, from different age groups and with different economic situations. Some, like recalls Miguel Ribeiro Ferreira, even had the idea of proposing the creation of an erotic museum. But the way the deal was structured precluded his success, he added. In this program, often the deal depends solely on the presentation that candidates take forward the “sharks” and the people who choose to follow.
In this first season the Portuguese “sharks “invested their fortunes around three million euros, without definitive, because after closing the deal with competitors in that bet, there is a period of 90 days for the veracity of the proposals is verified, the customer base that candidates say they have or even actual patents. On the future of the partnerships made in João Rafael Koehler program explained that only long-term, “in about a year or two,” is that the “sharks” will know whether or not they took a good decision to invest in entrepreneurs.
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