Here are the top questions we got asked when we told people we'd be appearing on Shark Tank. Vibes' founder will appear on Shark Tank tonight on ABC at 9/8c!
What drove you to apply to be on Shark Tank?
I was actually not planning on applying for this season of Shark Tank. After only having been in business for four months, I received an email from ABC asking me to give them a call. I originally thought the email was spam, as I thought there was no way they would be contacting me about appearing on Shark Tank, but ended up giving them a call, and they encouraged me to apply to be on the show. After applying, I had to compete against 50,000 other businesses, starting with a submission video, and continuing with a process that got more intense as the competing businesses were narrowed down.
How did you prepare for appearing on the show?
I had about one month to prepare for the show, between the time they told me I was accepted and filming. Aside from getting all the financial information about the business in order, you have to figure out how to make your segment entertaining and interesting, as well. Shark Tank is a television show, after all, and it was really important for me to telling a compelling story about Vibes. You have to be prepared to be asked any questions that could possibly be asked about you and your business, so you have to get to know your business inside and out to be ready to answer whatever comes at you.
What can you tell us about what it was like to give your pitch to such powerful people?
Giving a normal investor pitch is difficult and stressful enough, as it is. But, a pitch with no introduction or pleasantries, no notes, no slides, where the investors know nothing about you, cameras are on you, it’s your one shot, and being front of the biggest celebrity venture capitalists in the world, makes it a pretty intense, unforgettable experience. Knowing that your pitch will not only be heard by the powerful people in front of you, but also millions of people around the country adds a lot of pressure. They call it Shark Tank for a reason!