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Kevin O'Leary, a well-known mentor on Shark Tank, shared his thoughts on investing in women entrepreneurs during his appearance on the Full Send Podcast on September 21, 2024. Drawing from his extensive experience in venture capital, O’Leary highlighted the returns he has seen from women-led businesses in 16 years of the show.
“Seventy percent of my returns have come from companies run by women. That's where I've made my money” he explained.
O’Leary emphasized that women entrepreneurs often display strong leadership and organizational skills, which are key to running successful businesses. He shared examples from Shark Tank, including an entrepreneur who turned a business idea he didn't believe in, into one of his most profitable investments.
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According to O’Leary, women's discipline and focus set them apart in the competitive world of business. He also noted that their ability to multitask and make thoughtful decisions contributes to their success as entrepreneurs.
Kevin O'Leary on the success of women-led businesses in Shark Tank
Kevin O'Leary shared that women-led businesses have been highly successful in his portfolio, accounting for 70% of his venture capital returns. He credited their risk management skills as a key factor behind this success.
He praised female entrepreneurs for their ability to handle multiple responsibilities. He acknowledged their capacity to balance personal and professional commitments while managing businesses efficiently.
“If you want something done, give it to a busy mother,” O’Leary remarked.
Kevin O'Leary recalled a Shark Tank pitch where an entrepreneur’s determination left a lasting impression on him. Initially skeptical about her business idea, he invested after recognizing her tenacity. Reflecting on her drive, he noted:
“Anybody with that much tenacity, is going to be a killer in the real world,” highlighting how she turned the venture into a success inspite of his doubts.
O’Leary encouraged aspiring entrepreneurs, regardless of gender, to adopt the traits of leadership and operational efficiency. He also noted that preparation and perseverance can significantly boost the chances of success.
Kevin O'Leary on the importance of leadership and preparation in investing
Kevin O'Leary explained that a winning pitch must include three key elements: understanding the market, knowing the competition, and having a clear path to profitability.
“You’ve got to know your numbers,” O’Leary discussed the importance of being thoroughly prepared before presenting a business idea.
O’Leary also addressed his approach on Shark Tank, explaining that his direct feedback is meant to benefit entrepreneurs, even if it seems harsh.
“I care about your money and your time,” he said, adding that his honesty is aimed at helping entrepreneurs refine their ideas and avoid wasting his time.
He added that by focusing on honesty, preparation, and strong leadership, his investment philosophy has delivered consistent results. He stressed that understanding every aspect of a business, including market trends and growth potential, is vital for long-term success.
He shared that being unprepared or failing to address key questions in a pitch is one of the quickest ways to lose credibility with investors. He encouraged entrepreneurs to “think like a leader” and approach challenges with confidence. O’Leary added that one should view setbacks as opportunities to learn and improve.
Fans can watch the new episodes of Shark Tank, airing every Friday on ABC.
