Business Basics
This is the total amount of money a business brings in from sales before subtracting any expenses.
What is revenue?
Founded in 1976, this company is known for the iPhone, Mac, and its famous bitten-fruit logo.
What is Apple?
“Red Bull gives you ___.”
What are wings?
This shopping day immediately after Thanksgiving is traditionally one of the biggest retail days of the year.
What is Black Friday?
Entrepreneurs enter the Tank hoping to convince these people to invest in their businesses.
Who are the Sharks?
This is the money a business has left after subtracting its expenses from its revenue.
What is profit?
This company began as an online bookstore in 1994 and has since become one of the world's largest online retailers.
What is Amazon?
“The snack that smiles ___.”
What is back?
Businesses often use this number at the end of prices to make an item seem cheaper than the next whole dollar.
What is 99 cents?
When none of the Sharks want to invest, they usually say this famous phrase before leaving the deal.
What is "I'm out"?
This is the specific group of customers that a company wants to sell its product or service to.
What is a target market?
This streaming company originally built its business by mailing DVDs directly to customers.
What is Netflix?
“Taste the ___.”
What is rainbow?
This expensive advertising event has companies paying millions of dollars for only 30 seconds of airtime.
What is the Super Bowl?
This billionaire Shark, known for owning the Dallas Mavericks for many years, appeared on the show for more than a decade.
Who is Mark Cuban?
On Shark Tank, an entrepreneur might give up 20% of this in exchange for an investment.
What is equity?
This company began when its founders rented out air mattresses in their apartment to people who couldn't find a hotel room.
“Once you pop, the fun don't ___.” → Stop (Pringles)
This popular toy was accidentally invented when an engineer was trying to create a spring that could stabilize equipment on ships.
What is the Slinky?
Before entering the Tank, entrepreneurs usually state the amount of money they want and this other thing they are offering in return.
What is a percentage of their company?
If an investor pays $100,000 for 10% of a company, this is the implied value of the entire company.
What is $1 million?
Before becoming the world's dominant search engine, this company's founders originally called their project “BackRub.”
What is Google?
“Oh, oh, oh, O’Reilly… ___.”
What is auto parts?
This term describes the period immediately after Christmas when stores dramatically lower prices to clear out leftover seasonal merchandise.
What is clearance?
The Sharks rejected the founders of this smart doorbell company, which was later purchased by Amazon for more than $1 billion.
What is Ring?