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Mark Cuban

Forces Shark Tank equity clause removal

2 Oct, 2013

Cuban makes Shark Tank change its equity contract retroactive to Season One be threatening to leave the show if the clause was not removed. From the beginning of the show all entrepreneur’s who came on the show were required to give up either 2% of all profits or 5% equity, a clause that applied to every contestant even if a deal was not made. This clause stopped many people from coming on the show. In a Facebook message to prospective participants he said:

FYI, there is no additional equity or percentage of anything taken any longer. That was removed retroactively. I told them I wouldn’t come back this season if it wasn’t