Episode Details

Shaan Patel closed a $250K deal with billionaire Mark Cuban for a 10% investment in Prep Expert. Within 6 months, the company went from $600K to $4M and is now worth $20M. Prep Expert offers SAT & ACT courses based on Shaan's methods to raise his own SAT score from average to perfect. Shaan completed his medical degree and is now a Doctor. He is a dermatology resident physician at Temple University and received a B.A. in Biology from the University of Southern California on a full-tuition scholarship, an M.D. from the University of Southern California, and an M.B.A. from Yale University.

During this show we discuss…

• What being on Shark Tank is really about
• Why Shark Tank is one of the best marketing methods in the world
• When to decide your idea is worth taking to Shark Tank producers
• The process of getting on Shark Tank
• The secret ingredient for getting on the show
• The types of companies they want to see on the show
• Why confidence drives success in business and getting on the show
• Producing the best video audition that will get you on the show
• Preparing to get in front of the Sharks
• How Sharks interview you for hours and it gets reduced to the minutes you see on the show
• The info the sharks have before you walk in the door
• What's involved in the due diligence process looks like to get an actual deal
• How much the exposure of being on Shark Tank help grow the business
• How to continue to grow a successful business well after the show aired
• How the sharks help you dial in marketing that really works
• Deciding how to use Shark Tank funds to quickly grow your business
• The biggest lessons learned from Mark Cuban
• Why protecting your time is so important
• The power of saying "no"
• How to find and pursue your passion