Mark Cuban: This is what it's like behind the scenes at 'Shark Tank' (via CNBCMakeIt)
editor-in-chief, Andy Serwer in an interview published Thursday. The Sharks put down their own money and the entrepreneurs are pitching their real businesses.Shooting for season 11 starts in mid-June, and on days he's filming, Cuban arrives at the Sony Studios set inThen the cameras starting rolling at 9 a.m.
The difference between what happens in the studio and what viewers see on TV is the length of the pitch. "Now on television, it might take 10 to 14 minutes. In real life, if it's a stupid deal, it might take 20 minutes before we're all out," Cuban says. "And then if it's an intense deal, it can go 90 minutes, two hours.""Probably 25% of people who pitch us ... don't even make it on air for a variety of reasons," Cuban says.
"If we decide to do a deal, then we have the opportunity to do due diligence after the fact, because sometimes they'll embellish — is the polite way to put it," Cuban says. "You know, my widget cost $1 to make and we sold a million of them, when, in reality, the widget cost $10 and they've sold six."
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