The central idea of the text is that entrepreneur are people trying to make money from a product that they are creating or investing in. The show “Shark Tank” is way for entrepreneurs to get their product out to a wider audience and get financial help for one of the “Sharks”. In the text it states that the entrepreneurs can get financial support from the “Shark”, however, it can come at a cost of giving up some of their company. Some people do not feel comfortable giving up a big portion of their idea. This shows that

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29-08-2022
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The central idea of the text is that entrepreneur are people trying to make money from a product that they are creating or investing in. The show “Shark Tank” is way for entrepreneurs to get their product out to a wider audience and get financial help for one of the “Sharks”. In the text it states that the entrepreneurs can get financial support from the “Shark”, however, it can come at a cost of giving up some of their company. Some people do not feel comfortable giving up a big portion of their idea. This shows that

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azikennamdi azikennamdi · Answer 1 · 2022-08-31T17:34:32+02:00

Because some people are not comfortable giving up a big portion of their idea on the Shark Tank Entrepreneur program, it shows that there are issues with Disclosure.

What is a disclosure issue?

When during an investor - Investee event, or occasion there is need to divulge business secrets, a critical or material disclosure is about to take place.

One of the ways to prevent this behind closed doors or behind the camera is for both parties to sign a non-disclosure agreement.

What is a non-disclosure agreement?

Non-disclosure agreements say, su9mmarily, that both parties will not intentionally or accidentally disclose information that is material to each other business and which is not already common knowledge.

Thus for the participants at the Shark Tank reality show for entrepreneurs, they have to find a way to couch their ideas so that it cannot be easily copied.

Learn more abut Material Disclosure:
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