Lessons from the Shark Tank: Creating Distinctive Main Characters

Monday, July 25, 2022

 

I’ve recently become hooked on the TV show Shark Tank. I’m not interested in being an entrepreneur, and I’d probably make a lousy one, anyway, but I love the show for its entertainment value. Entertainment is a fiction writer’s business, so my next few posts will talk about the show’s lessons for writers.

This post will cover the importance of developing main characters with distinct personalities. That isn’t limited to the protagonist but also includes the characters that play a significant role in the protagonist’s life.

I’ll start by distinguishing the six Shark Tank regulars. Here is my description of each, moving from left to right based on their normal seats on the show.

  • Mark Cuban is possibly better known as the owner of the Dallas Mavericks and as someone with political leanings on the right. He has strong opinions about products that make health or dieting claims without solid scientific research behind them, and I heard him refer to one of the participants—to his face—as a snake oil salesman. He also doesn’t hesitate to call someone a scammer. On the other hand, he’s very supportive of people he believes have a valid product and a realistic view of their future success even when he doesn’t see himself as the right business partner for them.
  • Barbara Corcoran struggled in school because she has dyslexia, and it wasn’t diagnosed right away. After growing up in a large, low-income family, she made her fortune selling real estate. She invests in people as much as in their products. Although she can drive a hard bargain, she uses her vast network to make the products and companies a success.
  • Daymond John worked all sorts of jobs as a child to help out his struggling family. While in high school, he decided that some of the popular clothing items (e.g., ski hats) were overpriced and that he could sell them cheaper, so he started his own clothing company. Although several of the sharks support good causes, I see Daymond as the most compassionate among them. He often invests in companies that give a share of their profits away. He also refuses to invest and dilute the owner’s equity when Daymond doesn’t think he brings any value to the deal besides providing capital. As an example of his big heart, he refused to invest in a teenager’s bowtie company because he didn’t think the teenager should be giving up any equity for money that Daymond wasn’t sure he needed, but Daymond did offer to mentor the boy, and that “deal” was accepted.
  • Kevin O’Leary (nicknamed “Mr. Wonderful”) has a reputation for being mean, but I don’t see him that way. He tells it like it is and doesn’t suffer fools gladly. A venture capitalist from Canada, he also makes it clear that he is only interested in investments that will make him money. But none of that makes him mean in my book, and there are rare occasions where his soft side comes through.
  • Lori Greiner is the sweetest shark. Even when she doesn’t like what an entrepreneur is doing, she sugar-coats her criticism before saying, “I’m out.” She has a show on QVC (a cable shopping network) and likes products that can be easily demonstrated on TV but will occasionally invest in something else.
  • Robert Herjavec is an immigrant from Yugoslavia who made his money in the technology industry. In the heated discussions that sometimes occur on Shark Tank, he often takes issue with Kevin’s and Mark’s criticisms and supports the person who came on the show looking for an investment. He usually, although not always, believes an entrepreneur should follow his own dream even when it isn’t the best business decision.

Not only do the differences between the sharks make them easier to distinguish, but they are often the spark for heated discussions that help create the entertainment value of the show. In the same way, a fiction writer can use the differences among characters as the spark for the tension that any story requires. But characters that are too alike don’t create create friction.

So give them distinct personalities and watch the sparks fly.

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I thought about using the show’s logo at the head of these posts, and there wouldn’t have been any trademark issues with doing so. It would probably also be considered a fair use for copyright purposes. But since I had some of my own photos, taken at an aquarium in Wilmington, North Carolina in 2018, I thought it would be more fun to use them.


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