As many of you know I am a huge fan of the hit ABC TV show, Shark Tank. I have auditioned for the show, reviewed all 40+ episodes and 170+ participants, and have interviewed many of them. On Oct. 25 we will have our OWN version right here in Newport Beach.
It’s called “The Guppy Tank” and is comprised of a panel of investors looking for a good business or venture to invest in.
“The Guppy Tank was created as a way to reach out and help local businesses get the funding that they need,” says Darrin Ginsberg, Guppy Tank founder. “We want to find businesses that will have a positive impact on the local community, have a real passion for what they do and then help them take their business to the next level.”
Businesses and community members who wish to apply must be located in the Inland Empire, Los Angeles, Orange and San Diego counties and have been in business for one year or more.
Prior to the event a free, half day boot camp pre-event audition will be offered to help potential candidates prepare and learn what works and what does not. It will be held Saturday, Oct. 13 at Concordia University from 1 to 5 p.m. This will allow enough time to make modifications prior to the October 25 event. Special guests include participants from the Shark Tank TV show that have been funded who will share their experiences. This event will also allow Wildcard Candidates to pitch, regardless of whether you are chosen or not.
Of those that attend the pre-event audition and make it to the next level, they will present their case on Oct. 25 at the Balboa Beach Club in Newport Beach. Every entrepreneur will have a reasonable amount of time to “pitch” their business and in my experience that should be done in no more than 5-10 minutes. If it takes longer than that to explain a business, it is either too complicated or the owner does not truly understand it.
“This will be a great opportunity for small Orange County businesses to get the financial boost that they need,” added Ginsberg. “We all know that money can be very tight these days, but we think that there are a number of small operators out there who just need a little leg up. We think that by giving them this chance it will not only benefit them but also the community that we live in as well. It is a win-win situation for everyone.”