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Mark Burnett, the king of reality TV, was quick to recognize how entertaining desperate businessmen can be. First he brought the worldThe Apprentice, and now we're deep into his latest production,Shark Tank. This time, he's pitted venture capitalists (the "sharks") against entrepreneurs (let's call them the "chum"), in a battle to get business funding. We caught up with Burnett just after the show wrapped, with a few questions for the big fish himself.
When did business become a spectator sport?
Well, I thinkThe Apprenticestarted it on many levels. But certainly, I have to make business entertaining. Otherwise, its forum wouldn't be television. Otherwise, people who had a hard day at work won't want to watch it.
Why are you picking on entrepreneurs now?
For our country to get back on track, it's not about the giant businesses, it's about small companies, so the problem is how small companies starting up are going to get financing. The banks are hard-pressed right now to invest in an idea, and I just don't see loans happening. Hence,Shark Tank's philosophy is exciting. Maybe only a small number of companies get funded, but the big picture is the enthusiasm created that will spur entrepreneurs on, reigniting the economy.
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