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Let's Know Things

Venture Capital

Let's Know Things

Colin Wright

News Commentary, News

4.8593 Ratings

🗓️ 4 February 2020

⏱️ 34 minutes

🧾️ Download transcript

Summary

This week we talk about Shark Tank, angel investors, and the JOBS Act.


We also discuss Dragon’s Den, the Dotcom Bubble, and private equity.



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Transcript

Click on a timestamp to play from that location

0:00.0

In 2001, a reality television show called The Tigers of Money debuted in Japan.

0:22.4

It was created by Nippon TV and distributed by Sony, and the show did pretty well, lasting for three years in that format,

0:27.8

and on that network, before the exclusive rights to the show's format were bought up by the BBC,

0:33.2

allowing them to rebrand the concept for UK audiences as Dragons Den in 2005.

0:39.8

An attempt was made to spin the show off for the Australian television market that same year,

0:45.9

but ratings for the Australian version of the show were poor, so after one season, it was discontinued.

0:51.3

That flop, though, was not representative of the format's performance elsewhere

0:55.7

around the world. Since 2005, the Dragon's Den concept has been adapted for nearly 30 countries

1:03.5

from Afghanistan to Finland, with both French and English versions in Canada and slight changes

1:09.1

to the format in each location.

1:11.5

The main distinction being between the types of contestants and hosts, and the terminology

1:16.0

used for the pseudo-hosts, who are not technically hosts, but actually investors who may

1:22.4

give money to contestants in exchange for a share of their companies.

1:26.7

In the United States' manifestation of this

1:29.2

format, the investors are called sharks, and the show is called Shark Tank. In Sri Lanka,

1:35.4

the show's title translates to Wall of Tuskers, while in Romania, the title translates to

1:41.3

Lions Arena. In all cases, the implication is that these are savvy business people listening to the stories

1:47.8

and offerings of less experienced business people who may garner investments from these

1:52.5

sharks, lions, dragons if they see potential in their inventions, services, or brands that

1:58.6

are being presented.

2:00.5

It's a relatively simple concept, and that's probably

2:02.7

part of why it's been so successful. Also key to its success, according to several media

...

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