Deal or No Deal - Investigating Shark Tank Deals Throughout the Show

Preregistration of analyses

Analysis #1

Do the sharks display any individual patterns/preferences with the industries that they invest in? Are there any general patterns throughout the show with the industries that are invested in?

The variables we would use to perform an analysis on the first question would be Industry, Barbara Corcoran Investment Amount, Mark Cuban Investment Amount, Lori Greiner Investment Amount, Robert Herjavec Investment Amount, Daymond John Investment Amount, and Kevin O Leary Investment Amount. We would not necessarily be focusing on the amount that each shark invested into each industry, rather, whether they simply invested or not. We may also work with got_deal as it is a binary variable that indicates whether pitches reached a deal or not. By tracking the industries of the companies that each shark invested in throughout the show, we can uncover patterns, if any, in their company preferences.

The variables we would use to perform an analysis on the second question would be Industry, Number of sharks in deal, and Original Air Date? (to track industries invested in over time). These variables would allow us to see if there are any general trends among all of the companies that are invested in throughout the show.

Analyzing both of these questions allows us to note if there are any industries that are more successful than others in reaching a deal throughout the show based on the companies sharks tend to invest in.

Analysis #2

Are there any particular backgrounds of entrepreneurs that have greater success rates in reaching a deal with sharks?

This question would allow us to see if the sharks have preferences toward the demographics of the pitchers. The variables that we would use are pitchers_gender, pitchers_state, pitchers_city, and multiple_entrepreneurs. We would then compare these to got_deal to see if there is any correlation between specific genders, states, cities, or numbers of entrepreneurs to the likelihood of a business reaching a successful deal. If no clear patterns emerge, we can also use Barbara Corcoran Investment Amount, Mark Cuban Investment Amount, Lori Greiner Investment Amount, Robert Herjavec Investment Amount, Daymond John Investment Amount, and Kevin O Leary Investment Amount to see if the individual sharks have preferences regarding these pitcher demographics.