During a 2023 interview withCNBC, Barbara Corcoran of “Shark Tank” revealed the No.
1 thing she looks for when investing: ambition.
Over the years, the popular reality TV show has become the platform for thousands of aspiring entrepreneurs.
The show has not only entertained viewers but has also provided a significant boost to small business owners.
She told CNBC, “I’m always looking for the same trait, the No.
I’m looking for ambition.
The businesswoman’s answer hasn’t seemed to change even over the years.
Can they hit the finish line?
60% is gut reaction and 40% is asking the right question.”
She isn’t afraid of making investments after all, you have to take risks for win.
Despite conducting rigorous time researching investment opportunities, you could’t always profit from them.
Even Corcoran’s “Shark Tank” co-star Kevin O’Leary said so himself.
In fact, O’Leary toldCNBChe believes most of his investments will lead to nowhere.
“You make 10 investments, you get two to three huge hits.
And it pays for the other seven [failed investments],” he said.
Although this may seem like a norm, even O’Leary is bothered by losses.
Wonderful, it’s best to always trust your gut.
He concluded, “I ignored it, and it cost me half a million bucks.
That was really stupid.
And I don’t forget that.”
