Shark Tank is a multi Emmy Award reality show winner that offers a chance to proprietors and creative businessmen to earn their place in the sun. The idea of this business-related series is to introduce the project and gain protection from one of the guest-tycoons who wish in response to gain a nice percentage return on the investment.
Businessmen who have enough courage to enter the shark tank should prove their right to get the investment and present the product or the business idea.
In our review, you will find the requirements for the application pack and the instructions for potential participants who dare to swim with the sharks.
The Finnmax LLC casting department requests a Shark Tank series application pack that each potential applicant needs to prepare, complete, and serve to the respected department. Though the show administration allows collaborators to use the same audition video, potential participants should file their application pack independently.
In case there are any changes regarding the project or any of the applicant’s responses recorded in the application pack, the person should inform Finnmax LLC in writing.
The company puts certain demands each potential participant must comply with. Here are the general requirements to apply for participation in Shark Tank:
Begin completing your Shark Tank template by generating a PDF file. The pack contains several documents that any applicant should thoroughly read, complete and authorize.
Below you can find an illustrated step by step guide to filling out the required contracts:
This document is required if the applicant’s video was executed by another person.
You are welcome to create the necessary application form using our advanced technologies.
The applicant(s) need to enter their legal name, business name, and official business website on the corresponding lines. Should the candidate apply for the position as a participant of any group or business community, they need to include the names of their co-creators.
During the next step, the applicant should enter the mailing address, including the street, city, state of residency, and ZIP.
Also, you need to enter your phone contact information, including home, work, cell, and fax numbers. Print or type your email address as an extra means for reaching you.
Here, you are expected to fill out your personal data and background, including the following:
Country and state of residence
Here, you get several spare lines to describe the essence of your creative business project or the product you wish to manifest.
Explain your business strategy regarding the investment. Enter the needed sum in USD and the equity percentage you plan to offer. Remember to fill out real reasonable sums, supported by calculations. The tycoons will unlikely enter the project based on vague numbers.
Explain how you are going to spend the invested money on the spare lines further.
Specify the details and record them. You should provide the info about the present stage of your business project. Please, follow the questionnaire and fill out the requested data. Speak about the following:
Use the spare lines to explain your attempts to develop your project and get money assistance from other companies, programs, and people.
Explain your point regarding the aforementioned criteria — what your business goals, hooks, and uniqueness are. Also, you are welcome to be open about the hardships you had to face and the way you managed to fight the challenges.
The following two questions are aimed to reveal your professional achievements:
Explain how you learned about the show. Also, let the company know if you have applied to participate in the series before.
Should you ever communicate, present the product under discussion, or work for any of the Sharks, you need to submit the data on the corresponding lines. Answer these two questions fairly to avoid disqualification or any unfavorable situations.
The section is vital to be filled out honestly and accurately. If there are any factors that allow you to claim privileges due to physical condition, please describe them on the lines.
Also, answer the questions about your legal background, potential lawsuits, or other offensive factors you might have in the past.
Once you learn the terms of the Audition Release, proceed to sign the contract. Append your initials after Section 7 of the AR.
After the applicant has read the 15 sections of the Audition Release, they need to certify the document by providing the following:
If the participant has any aliases, they should register this info on the corresponding line. Also, list the co-creators or your LLC (Inc) co-owners.
Begin with dating the document right below its title.
This certificate covers the applicant’s consent to allow the producers to use any media data attached and include them in the Shark Tank Series.
Read the paper attentively and acknowledge the SMR paper:
This part is devoted to gathering the applicant’s consent to manipulate any of their intellectual property introduced during the show in any manner. Learn the contract details, and provide the necessary authorization:
At the bottom of the page, the applicant needs to date the document of consent, print their name, and append the signature.