Though I don’t watch broadcast or cable television much anymore, I like the idea of the ABC’s Shark Tank. Actually, when I still had cable, I watched the original Canadian version of the show, Dragon’s Den, since Windsor, Ontario’s CBC affiliate station is generally part of Detroit area cable bundling. As a tinkerer, inventor and small business owner, the idea of a show premised on pitching your business idea to possible angels is appealing to me. However, while all of the “sharks” undoubtedly have been more successful entrepreneurs than I have been, sometimes they make investments that just don’t make sense to me.
On last Friday’s show, one of the potential investors, Robert Herjavec, pledged $5 million in funding to a startup named Zero Pollution Motors to start building cars propelled by compressed air. ZPM says that they will start building the cars in Hawaii sometime later this year.