Tooth­less Deals

Forbes - - Leaderboard Entertainment -

ABC’S hit busi­ness-pitch re­al­ity show, some en­trepreneurs walk away with life-chang­ing deals. But more of­ten than not, those on-air pacts don’t stick. FORBES fact-checked 237 of the 319 deals that closed on the show in its first seven sea­sons. Some 73% of the en­trepreneurs didn’t get the agree­ment they made on TV, in­clud­ing 43% who didn’t get a deal at all. For 30%, the deal terms changed. Con­sid­er­ing only the 160 solo deals of­fered by the six main sharks, Mark Cuban stuck to his on-air prom­ises the most. Worth $3.3 bil­lion, he’s vastly wealth­ier than the other sharks, none of whom ap­pear to be even half­way to bil­lion­aire sta­tus (Robert Her­javec is likely the sec­ond rich­est). “The sharks are in­vest­ing real money,” says ABC’S Marsha Smith. “In the real world there is a due dili­gence pe­riod af­ter the ini­tial agree­ment.” None of the sharks com­mented.

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