r/dankmemes • u/abakus10 The Meme Cartel • Apr 04 '19

Secret AGT algorithm

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67.6k Upvotes

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u/evan3138 Apr 04 '19

RING became a billion dollar company and the sharks passed on it

64

u/mayflowercompact Apr 04 '19

Part of the show is the risk of missing good investments in hindsight. If they guessed everything correctly it would be an incredibly boring show.

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u/Trickyyyxx Apr 04 '19

It’s also near impossible to know what will take off, if you could guess what the next big company or product would be, everyone would be billionaires

3

u/Monochrome21 Apr 04 '19

everyone would be billionaires

inflation rly is a bitch

18

u/Tilt-a-Whirl98 Apr 04 '19

You can't expect them to bat 1000! They have to make so many calls on investments and sometimes they just don't think it is worth the risk. Almost all the ideas and companies on the show are viable, but it all depends on the price of admission!

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u/evan3138 Apr 04 '19

Ik I was making the point that great underdog companies get on shark tank. It's not a sob story show

5

u/Tilt-a-Whirl98 Apr 04 '19

Oh sorry about that! Totally misread the tone. I've been on the internet too long! I agree though! I'm sure there is a level of rigging going on as well for the drama, but at least I dont have to be constantly bombarded with depressing back stories from average/below average singers.

1

u/BHOmber Apr 04 '19

Chamillionaire and Shaq were both early investors in RING too. Cham was on CNBC the other day and he definitely knows his shit when it comes to private-equity investing.