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Fact from fiction: 'Shark Tank' star on pitching in the real world vs. the show Eleanor Kennedy Staff Reporter Nashville Business Journal Eleanor Kennedy Staff Reporter Nashville Business Journal Daymond John, one of the stars of ABC's "Shark Tank" What's the biggest difference between landing investors on national television vs. the privacy of an upscale board room? Daymond John, one of the stars of ABC's "Shark Tank" That's according to Daymond John , one of the stars of ABC's "Shark Tank" and one of many high-profile business leaders headed to Nashville in the next few months for conferences (in his case, Inc.'s GrowCo Conference next week). In the real world, landing investors takes time, usually several months, John said (and Tuesday, Nashville venture capital experts agreed ). On television, while it's not the 10-15 minute session viewers see at home, it's just a few hours, with all your potential backers gathered in the same place. "The only difference is 'Shark Tank' is something that's going to make the process [take place at] light speed," John said. But even on "Shark Tank," deal-making takes longer than it appears, John said. Ninety-five percent of the investor's due diligence happens after the contestant leaves the tank, and if something comes up — say, you owe the IRS millions of dollars or your patent is actually pending, not finalized — a deal may fall through. Of those deals that have made it through the process, John's favorite deals include Titin Tech (a compression gear company), Bubba's-Q Boneless Barbecue Ribs (self-explanatory, I think), Bombas (which donates a pair of socks to homeless shelters for every pair sold) and Sun-Staches ("Eyewear that turns into a party...they're just hilarious," John said). As for his favorite shark to partner with, John said it varies based on who he's done a deal with most recently, and based on what skills he needs in a partner.
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