How To Pitch Your Startup

Shark Tank is coming to Philadelphia, and your company could be the next local startup to walk away with a deal.

The hit show where entrepreneurs pitch their ideas to a panel of investors, or "sharks," is hosting an open casting call in Philly on April 11 for season 17 at the Event Center at Rivers Philadelphia. Founders will have the opportunity to give a one-minute pitch about their company or idea to a casting team.

Whether a company walks away with a deal or not, it could be trajectory-changing. Local startups featured on Shark Tank have gone on to start additional companies and get acquired.

Interested parties should also fill out an application ahead of time and bring it with them to the open call. The application requires information about the business, the team and what kind of investment they are looking for.

Most recently, ChompShop, which makes a kid-safe cardboard cutting tool, went on the show in November. Founders Kausi Raman and Max Liechty, graduates from the University of Pennsylvania, were offered $250,000 for a 20% stake in the company by sharks Kevin O'Leary and Barbara Corcoran. Mark Cuban and Lori Greiner also offered a $250,000 investment for a 15% stake, reported the Philadelphia Business Journal.

Simply Good Jars, a health food startup that launched a line of "smart fridges" in 2018, appeared on Shark Tank in 2021 . The company ended up striking a deal with Cuban and Greiner for $500,000 in exchange for a 10% stake in the company.

Reference: Found here