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Shark Tank

Shark Tank. Investor Business Letter. Assignment. An important part of entrepreneurship is being able to communicate your idea to a potential investor for capital. You are to write a business letter to one of the Shark Tank cast members, whom you feel is a best match for your business idea.

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Shark Tank

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  1. Shark Tank Investor Business Letter

  2. Assignment • An important part of entrepreneurship is being able to communicate your idea to a potential investor for capital. • You are to write a business letter to one of the Shark Tank cast members, whom you feel is a best match for your business idea. • Use proper formatting, spelling and grammar • May use template emailed to you by teacher

  3. Mark Cuban • Main Industry • Sports and Media • Founded • HDNet • Broadcast.com • Microsolutions • Owner of Dallas Mavericks • How did he get started? • Selling garbage bags door-to-door at age 12 • Contact Info: Mr. Mark Cuban Dallas Mavericks 2500 Victory Lane Dallas, TX 75219

  4. Barbara Corcoran • Main Industry • Real Estate • Contributes to CNBC and Today Show • Writes weekly columns for Daily News • Writes monthly columns for Redbook and MORE Magazine • How did she get started? • Borrowed $1000 from her boyfriend • Turned it into a $5 billion real estate firm • Contact Info Barbara Corcoran 660 Madison Avenue New York, NY 10065

  5. Lori Greiner • Main Industry • Inventor • Holds over 120 U.S. and international patents • Labeled “Queen of QVC” • Host of “Clever and Unique Ideas” • How did she get started? • Invented an earring organizer • Contact Info Lori Greiner QVC Studios 1200 Wilson Dr West Chester, PA 19380

  6. Robert Herjavec • Main Industry • Technology • Heads the Herjavec Group • Leading IT security and infrastructure integration firm • How did he get started? • Founded BRAK Systems • Sold it to AT&T for over $100 million • Helped negotiate sale to Nokia for $225 million • Contact Info Mr. Robert Herjavec The Herjavec Group 4100 Spring Valley Road Suite 770 Dallas, TX 75244

  7. Daymond John • Main Industry • Fashion • FUBU clothing line earned $350 million • How did he get started? • Wanted to buy a tie top hat, but was put off by the price • Asked mother to buy him a sewing machine so he could create it himself • Contact Info Mr. Daymond John ABC Television Studios 4151 Prospect Avenue Los Angeles, CA 90001

  8. Kevin O’Leary • Main Industry • Educational Software • Founded his own mutual funds company • Looks for investments that are environmentally friendly • Chairman of O’Leary Funds • How did he get started? • Created software that helped children learn how to read • SoftKey Software Products • Sold his first company to Mattel for $3.7 billion • Contact Info Mr. Kevin O’Leary O’Leary Funds 1010 Sherbrooke St. W Suite 1700 Montreal, Quebec H3A 2R7 Canada

  9. Choose Your Shark • Based on your business idea • Choose one of the potential investors and “pitch” your idea • Sell yourself and your business • Be clear, concise, coherent, and direct, yet friendly and assertive • Choose a formatting style • Full-Block • Modified-Block

  10. Standards • Entrepreneurs and Entrepreneurial Opportunities • Achievement Standard • Recognize that entrepreneurs possess unique characteristics and evaluate the degree to which one possesses those characteristics • CC.9-10.W.3 - Writing - Text Types and Purposes • Write narratives to develop real or imagined experiences or events using effective technique, well-chosen details, and well-structured event sequences. • 21st Century Building Block Skills • VC.1 - Verbal Communication • Organizes information that serves the purpose of the message, context, and audience.

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