Even Reality TV Values IP Strategy

March 10th, 2010

I was recently hooked on a reality television show called “Shark Tank.” I know, I know! Before you go judging me, just hear me out. And yes, this somehow relates to intellectual property (IP) matters.

For those of you that do not know, the show, which is a remake, offers a fascinating look into investment negotiations between hopeful entrepreneurs and potential angel investors. The show is obviously over-dramatized and keenly edited to show some sort of tension. Entrepreneurs pitch to a panel of five veteran investors, to artificially create an environment of out-bidding and competition between the sharks. Needless to say, most of the fun with the show stems from watching crazy ideas fall flat on their face and, on the upside, cheering on novice businesses as they make a dream deal.