'Shark Tank' Judge Rohan Oza on What Makes a Good Pitch
*By Madison Alworth*
Venture capitalist Rohan Oza has never had an original idea, and he's proud of that.
Instead, he takes fledgling companies, founders, and smart products that already exist, and makes them bigger ー and more profitable. And he returned for his second season on "Shark Tank," the show's 10th, to find his next project.
"Shark Tank is bigger than ever," Oza said this week in an interview on Cheddar. "It taps into America's entrepreneurial spirit. I have so many friends who watch it with their kids. And I think people learn both business and tough love in the tank."
But what happens when the cameras aren't on? How real are the rivalries and the deals?
“When we’re off the set, we’re friends," Oza said. "But when you get into the tank it’s real. The gloves come off or the teeth come out. Whatever analogy you want, because you actually want the deal.”
Oza has had a hand in Pop Chips, Vitamin Water, Bai, and many other major brands, and in looking for investments, he follows two guiding principles: intelligence and chemistry.
"A phrase one of my fellow sharks Alex Rodriguez loves to use is he always backs the jockey. I agree with Alex because one: is this someone that is smart and can take this to the promised land? But two: do I like working with him? Because life’s short, if you don’t like working with them, then don’t do the deal," he said.
While Oza could not divulge the companies he invested in during the upcoming season, he did admit they fit in his traditional portfolio. His firm, Cavu Ventures, includes a variety of investments in health foods and beverages.
Oza always pursues investments that correspond to what he calls the "Four Ps."
“Four trends in food right at the moment: you’ve got plant, you’ve got protein, premium indulgence, and the last P, as I call it, which is from the 90s, is phat,” he said.
For Oza, the intensity of Shark Tank is among the show's most genuine elements.
"The deals that are good you’re fighting for, because you’re putting your own money in. The intensity is very real.”
Shark Tank's season 10 debuts October 7.
For full interview [click here](https://cheddar.com/videos/shark-rohan-oza-gives-us-the-secrets-from-the-tank).
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."