Veteran Shark Tank is looking for the most compelling, most promising business plans, the statement reads. We’ve hosted this program for seven years, and we’re not going to let COVID-19 interfere with our plans,” Alex Archawski, Navy veteran and founder of Veteran Shark Tank said in a statement.
“While many businesses are having to shut down or scale back, we’re renewing our commitment to help Veterans get their businesses off the ground. In the face of the COVID-19 pandemic, the organizers say it’s too important for a veteran-owned business to receive a much-deserved influx of cash. It was also created with the idea of forming an ongoing veteran business owners’ support network. Veteran Shark Tank was founded in 2012 to help veteran business owners raise funds and awareness for their products or services. Their business increased efficiency in ranching. Previous sharks have included NBA Hall of Famer and Naval Academy graduate David Robinson and the Food Network’s Chef Robert Irvine (who began his cooking career in the United Kingdom’s Royal Navy).Īrmy veteran Vincent Kuchar and Air Force veteran Josh Phifer won the 2016 "Veteran Shark Tank" competition. But that doesn’t mean they aren’t prestigious. Sharks for Veteran Shark Tank don’t need to be billionaire investors, because they aren’t giving their money. The top five businesses are selected for the final competition in Philadelphia where they’ll present their pitches to the sharks in waiting. If the business isn’t older than three years, the owner can submit an application, along with a video and a PowerPoint slideshow (you remember PowerPoint, right?) that covers six specific factors of the business. Instead, the winner walks away with $50,000 from sponsors like Comcast NBCUniversal and JDog Brands - both veteran-founded businesses. The veteran entrepreneurs who make it to the final round in Philadelphia every year don’t get to pitch to the likes of Barbara Corcoran, Mark Cuban or Lori Greiner, but they won’t have to give up a percentage of their revenues, either.
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