Shark Tank: Dark Secrets About The Investors. Shark Tankis one of the few shows left on television that exemplifies the spirit of the American Dream.

For eight seasons, the ABC reality show has given startup companies the opportunity of a lifetime by allowing them to pitch in front of a select panel of actual millionaire investors. The investors, commonly referred to as the “Sharks,” are successful entrepreneurs that control business empires, but if you thought that everything was that perfect behind the scenes, think again.

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The truth is that the investors of Shark Tank have just as many secrets as the viewers who have made their show a success. It’s important to remember that the Sharks are real people, which mean they too have made mistakes, lost money, made poor investments, and worked degrading jobs before they became the business moguls that they are today. You may know that Mark Cuban is the owner of the Dallas Mavericks or that Lori Greiner is the Queen of QVC, but these next juicy tidbits below might surprise even the most diehard Shark Tank fan. Investors Robert Herjavec, Lori Greiner, Daymond John, Mark Cuban, Barbara Corcoran, and Kevin O’Leary, aka Mr. Wonderful, have all been a part of Shark Tank since season one, but there’s still plenty you don’t know about these high- profile business sharks. Here are the 1. 5 Dark Secrets You Never Knew About The Investors Of Shark Tank.

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Mark Cuban’s Expensive NBA Fines. It’s no secret that Mark Cuban is a fan of basketball. In fact, he’s such a fan that in 2. NBA’s Dallas Mavericks for a whopping $2. It turned out to be a good move; in the following ten years, the basketball team won 2. NBA finals in 2. 01.

Heat. That success has come at a major price, however. Cuban’s ownership has been the source of numerous controversies involving league policies. During his time as the Maverick’s owner, Cuban has frequently come under fire from the NBA for public statements regarding the league and referees. In the future, the investor should learn to keep his cool, as his temper has led to 1. Cuban’s paid the largest fine in NBA history, about $5.

Shark Tank. 1. 4. Kevin O’Leary’s Political Campaign Was Over $2. In Debt. As we’ve recently seen with the Presidential election, businessmen and politics go together like chocolate and peanut butter. Kevin O’Leary had the same sentiment in January 2. Canada’s Conservative party. At first, O’Leary’s campaign was mopping the floor with the competition. Although he was leading in most of the polls, Mr.

Wonderful dropped out of the race just a few months later in April 2. According to the rules of the Commissioner of Canada Election, O’Leary is not able to pay the debt off himself or loan the campaign money. Instead, the businessman must ask for individual contributions to his abandoned campaign for a maximum of $1,5.

Given the high- profile connections that O’Leary has made over the years, we figure it shouldn’t be too hard. Not Every Deal is a Winner. You’d think that with all of the products invested in over the years, the Sharks would be raking in the dough. For the most part, you’d be right. The investors have made millions over the years on various Shark Tank products, but that doesn’t mean every deal they’ve made over the last eight seasons have been winners.

Companies like Toygaroo went belly up after striking a deal with Mark and Kevin because there wasn’t enough demand for their product. Others, like You Smell Soap, simply had too many orders to fill after the show and decided to sever their ties with their investors. One of the biggest deals gone wrong was with an exercise machine called the Body Jac. When creator Jack Barringer, aka Cactus Jack, was asked by Barbara Corcoran to lose 3. Unfortunately, the deal later fell through anyway, with Corcoran calling it the worst investments in Shark Tank history. Mark Cuban Is a Guinness World Record Holder… For Shopping. Other than breaking the record for the biggest fines paid in NBA history, business mogul Mark Cuban has  been breaking records for decades, even being introduced into the Guinness Book of World Records – as the world’s biggest online shopper.

That’s right, the Mavericks owner made the biggest single e- commence transaction in 1. After selling his company Broadcast.

Yahoo for $5. 7 billion, Cuban decided to celebrate by purchasing his very own private jet. Instead of letting his broker negotiate the sale, however, Cuban purchased the jet himself over the internet with a click of a mouse. The Shark’s Gulfstream V Jet was the largest online purchase is history when it was purchased for an estimated $4. Cuban as the world’s biggest online shopper. Kevin O’Leary Lost Mattel Millions of Dollars. You would think, what with their millions of dollars, that the Sharks have never made a bad business deal in their lives – but you would be wrong.

If history has taught us anything, it’s that nothing is every a sure thing in business, and the investors on Shark Tank aren’t immune to a bad day at the office either. O’Leary’s The Learning Company was one of the biggest educational software companies in the world at one point. Toy giant Mattel took notice, and in 1. Unfortunately for Mattel, The Learning Company had a history of net losses and collapsing revenues and the deal became known as one of the biggest disasters in acquisition history. When all was said and done, Mattel ended up losing $1.

O’Leary was subsequently fired as CEO of the company, but not before he cashed his shares out before the plummet, pocketing nearly $6 million as a result. Lori Greiner Sold to QVC’s Rival. Known as the “Warm- Blooded Shark” on the show because of her empathy towards budding entrepreneurs, Lori Greiner built her fortune on the flagship shopping network, QVC. Although she’s now knows as the “Queen of QVC,” she didn’t always have the loving relationship with the channel she has today. Lori’s first product was a specialized jewelry box in order to keep earrings and other accessories organized. When she had an opportunity to pitch the product on QVC on air, the network passed on the offer. Instead, she pitched the product on the network’s rival channel, HSN, to enormously successful results.

Although they initially rejected her first product, QVC and Greiner have had a fantastic relationship ever since, with the investor as the host of several shows on the network over the years. Watch Failure To Launch Online Etonline on this page. Horrible First Jobs.