BROADCASTS.com

b"With Barbara Corcoran, business woman, author, investor on ABC\\u2019s Shark Tank
The TV reality show Shark Tank, now in its 8th season, catapults entrepreneurs into the winner\\u2019s circle or into the rejection pile, depending on the judgment of its business savvy panel of potential investors, the so-called sharks.
One of those shark investors, Barbara Corcoran, who brings her experience as an outstanding business leader, author, and career builder into the \\u201ctank\\u201d each week, visited The Steve Pomeranz Show to discuss the somewhat startling changes we\\u2019ll see on the show this year, as well as to offer a few comments on her contentious real estate dealings with one of our presidential candidates by the name of Donald Trump.
Barbara characterizes the new Shark Tank as confused, heated, and shocking. Not only does it bring the concept of cut throat competition into a new dimension, but it also goes out on a much edgier limb with some unconventional deals and entrepreneurs. For their part, many of the entrepreneurs are, in Barbara\\u2019s words, \\u201cgetting greedier\\u201d by valuing their companies with astronomical numbers, partially because some have already raised a bundle by crowd-sourcing, which places a false monetary worth on the venture.
X-rated TV in primetime? Barbara said she questioned one offer that was so shocking it rendered her speechless for 45 minutes wondering how it ever got by the lawyers in the first place. Even though the segment was doctored up so as to not offend anyone of any age, Barbara said, \\u201cWhen you see it, you'll know which one I'm talking about. Shocking!\\u201d
When asked which of her recent deals was the most successful, Barbara answered unequivocally that it was the little knit sock company called Grace and Lace that turned into a $40 million business within three years. On the other end of the spectrum, her greatest disappointments were three deals she ended up losing to Lori Greiner this season and to discover the details, she says, again, you\\u2019ll have to watch the show.
The Corcoran Group, which Barbara began in 1973 with a $1000 loan from an old boyfriend and partner, went on to become New York\\u2019s largest and most successful real estate company. That level of accomplishment continues to drive Barbara to mentor and invest in other startups. When asked about a recent rumor that she and fellow Shark Kevin O\\u2019Leary were interested in investing in the cannabis industry, Barbara countered that, although it would be a great money maker, marijuana was hardly in her game plan as an investment.
Because of all her success, Barbara believes in paying it forward, which was the impetus behind OnDeck, an online contest she developed to allow a would-be entrepreneur the chance to pitch an idea that, if accepted, grants an award of a $10,000-no-interest loan, a trip to New York, and one-on-one coaching with Barbara herself.
As for Donald Trump, Barbara Corcoran reveals that at one time they enjoyed a mutually beneficial business relationship. As a real estate developer, Donald built the properties that Barbara, as a real estate broker, sold. Until, that is, they made the biggest real estate deal in the United States for which Barbara\\u2019s company, The Corcoran Group, was entitled to a $5 million commission that Trump refused to pay and instead countered with a $5 million lawsuit. Barbara won that suit in court, and The Donald was ordered to pay the $5 million in monthly installments. Admitting that he\\u2019s the greatest salesman she\\u2019s ever known, she also says she\\u2019s surprised that he\\u2019s come this far since she\\u2019s never known him to follow through with his promises.
Barbara\\u2019s business acumen is legendary and her commitment to helping energetic and innovative young entrepreneurs sincere, stretching well beyond the desire to snag the best deal on the Shark Tank. To see how this season plays out for Barbara Corcoran and the rest of the shark..."