First in the tank is a product created for students by students hi sharks my name is Matt gronberg and I'm Sam chasing we're here today seeking 250 000 for five percent of our company storage Scholars oh guys so think back to your first year of college it's the last week of school you're saying goodbye to all the new friends you just met and you're up late studying when you get the text message from Mom hey good luck on your last exam tomorrow sweetie are you all set to move out the Panic sets in you don't have a car to buy boxes you haven't reserved that storage unit and you don't even remember how that sectional couch got into your dorm room well that is where we come in you can simply go online and create an account you can add your parent to overlook your order information you can pay a 50 fully refundable deposit and we'll handle your entire move out for you students are given boxes 10 a bubble wrap and labels on campus if we prefer final exams they pack up their belongings lock up their room and go home we have a partnership with their University to unlock that room once the campus is empty and will move everything into storage for the summer we'll even have all their belongings ready and waiting in their new room when they return to campus the following semester so Sam who does all this moving that's the best the best part all the moving is done by trained fellow students creating high paying jobs on campus so sharks has two 18 year olds terrified at the thought of student debt we build storage scholars in college which allowed each of us to...
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How to prepare Shark Tank Initial Application Packet
About Shark Tank Initial Application Packet
The Shark Tank Initial Application Packet is a set of documents and information required to apply for participation in the renowned television show "Shark Tank." Shark Tank is a reality show where aspiring entrepreneurs pitch their business ideas to a panel of wealthy investors, known as "sharks," with the aim of securing funding for their ventures. The Initial Application Packet is typically a comprehensive set of forms and materials that potential entrepreneurs must submit to be considered for the show. It serves as the first step in the application process and contains essential information needed to evaluate the applicant's business concept and suitability for the show. The packet usually includes: 1. Application Form: A detailed form requiring personal and contact information, business specifics, financial details, and previous funding received if any. 2. Video Pitch: As Shark Tank is a TV show, a video pitch is an essential requirement. Applicants are expected to submit a recorded pitch, typically limited to a few minutes, wherein they present their business idea, its market potential, unique selling proposition, and any relevant demonstration or proof of concept. 3. Business Plan: A well-structured and concise business plan outlining the entrepreneur's vision, target market, competitive analysis, marketing strategy, financial projections, and other relevant aspects. 4. Financial Statements: Applicants are usually required to provide financial statements such as balance sheets, income statements, and cash flow statements, which help assess the current financial status and viability of the business. 5. Non-Disclosure Agreement (NDA): To protect the confidentiality of the applicant's business idea, an NDA may also be included in the initial application packet. This ensures that the information shared remains secure and cannot be used without the applicant's consent. The Initial Application Packet is necessary for individuals or entrepreneurs who have a unique business concept and seek funding along with exposure through the Shark Tank platform. The show is open to a wide range of industries and product categories, making the initial application packet relevant for entrepreneurs from diverse backgrounds. However, it should be noted that the requirements may vary slightly from season to season or location, so it is advisable to refer to the official Shark Tank website for the most up-to-date information and specific guidelines for application submission.
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