He is absolutely right. Shark Tank is a show. Startup is a business. If you are in showbiz and looking for fun you should go there. Otherwise focus on customers.
Completely disagree. 90% of the companies on shark tank would be completely un-fundable through any other process including YC. Can't see how sponge-daddy would have ever made it into YC yet alone been successful had they even went through YC. And I doubt airBNB would have worked with Shark Tank. 2 completely different worlds. Both doing very good things for entrepreneurs.
I`m not sure what % of companies go there for funding and what % go there for fun and show. If you want $ for funding and you have something to show you have much better chances through private meetings with investors.
"If you are in showbiz and looking for fun you should go there." Makes it sounds like the businesses on shark tank aren't real businesses. I would argue that any business were you made out better then if you worked for someone else is a win.