Starry-eyed entrepreneurs flocked to the University of Minnesota’s Carlson School of Management Saturday April 25, 2015 for their chance to land on ABC’s Shark Tank. The private casting call was open to students, staff, faculty, alumni and Minnesota Cup participants who had the opportunity to pitch their product or business to the shows’ casting directors in hopes of advancing to the show.
Shark tycoons include: Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary. These savvy, self-made millionaires and billionaires invest in companies they feel have merit and marketability. Striking a deal with one of the sharks not only brings the funding that many fledgling businesses or products desperately need, it also connects them with the sharks’ vast network.
Previous Cool Idea! Award winning products were featured at the casting call to inspire the entrepreneurs as they anxiously waited their turn to pitch. The Cool Idea! Award provides those with promising ideas gratis manufacturing services to bring their product to fruition. With a product in hand, winners can go on to secure venture capital, launch a crowdfunding campaign or even sell it outright.
The outcome of the casting call is under wraps, but we’re hoping to see some of the folks who pitched this weekend make it into the tank.