PG Is Not a Fan of Shark Tank (opens in new tab)

(inc.com)

17 pointsbluker10y ago9 comments

9 comments

7 comments · 4 top-level

pashakym10y ago· 3 in thread

He is absolutely right. Shark Tank is a show. Startup is a business. If you are in showbiz and looking for fun you should go there. Otherwise focus on customers.

sharemywin10y ago

Completely disagree. 90% of the companies on shark tank would be completely un-fundable through any other process including YC. Can't see how sponge-daddy would have ever made it into YC yet alone been successful had they even went through YC. And I doubt airBNB would have worked with Shark Tank. 2 completely different worlds. Both doing very good things for entrepreneurs.

pashakym10y ago

I`m not sure what % of companies go there for funding and what % go there for fun and show. If you want $ for funding and you have something to show you have much better chances through private meetings with investors.

pedalpete10y ago

As I'm reading it, you and pashakym are making the same argument. Not sure why they are getting down voted.

1 more reply

pedalpete10y ago

SharkTank and YC are different products for different people. What is the biggest success SharkTank has had? Are they building multiple billion dollar businesses?

How many low-tech manufactured products has YC created?

I somewhat agree with Sacca, and completely see PGs point. But I think everybody is looking at things through the lens of their view of what an entrepreneur is.

ps. I hate saying I feel pg is wrong, feels like I must be making a mistake :)

sharemywin10y ago

I think part of the misunderstanding is with a virtual product you can cheaply iterate. With products that have a production cycle and physical costs associated with changes you need to sell what you have to fund next the cycle R&D.

throwaway234310y ago

PG is so insufferable in text form. I've listened to his live speeches and it's like an entirely different person. Maybe chalk it up to the limits of tone over text, but it's a consistent pattern.

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