‘Shark Tank’ video: Tycoon Real Estate finds opposition from Mark Cuban
Then again, the key words there is “seems to be,” since there is something about this pitch that causes Mark Cuban to say “I hate it” and “I’m out” probably faster than we have ever heard him before on the show. Meanwhile, Kevin O’Leary also makes a very interesting comment about his perception of the brand already. He at least hasn’t said he’s out by the time that the video ends.
As we’ve said, we really cannot tell you whether or not this is a smart idea, since we have zero knowledge of this industry. With that being said, it does feel like an extremely risky proposition to get consumers into a new system like this, and we do draw at least some similarities between it and gambling. You’re taking your chance with money on something that is hardly a sure thing.
Aside from anything else, the real problem we foresee with this business is something far more simple: The appeal feels limited for what the sharks traditionally want to invest in. How many viewers of the show would be interested in a crowdfunding website like this. We feel like that percentage is extremely low, especially since you do still need a decent chunk of change to start up. Maybe there is a market for this, but it doesn’t seem to be on this show.
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