The more I challenged them and tried to keep the conversation focused on my licensing company, the more they pushed back. This is why I believe that The Sharks were intentionally “baiting” me into discussing my retail business the entire time I was being filmed. The problem was that they wanted a piece of my retail company – SCOTTeVEST – and if I mentioned that name during filming, I’d owe the producers 5% of that company, too. I was pitching my smaller patent licensing company TEC-Technology Enabled Clothing® to the Sharks in an effort to grow that business, but the Sharks caught wind that I also had a much larger retail company. That rule has been changed in subsequent seasons, but it applied to my episode. They are very savvy individuals, though, and they have an intimate knowledge of how the rules work… both the on-screen rules, and the behind-the-scenes rules.Īt the time, there was a rule on Shark Tank that the production received a portion of your company just for appearing on the show. The Sharks truly have no fore-knowledge of the people appearing on the show. There is an unofficial version posted to YouTube here (while it lasts) and it is available on iTunes. My episode – season 3, episode 7 – was the highest rated up to that point, and is still considered to be one of the most controversial episodes in Shark Tank history. You can read part one – how I got on Shark Tank – here, and part two here. Please note: This is the third in a three-part article series recounting my experiences on ABC’s Shark Tank, adapted from my new book Pocket Man.
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