Shark Tank's Mr. Wonderful Only Makes Money Off Companies Led by Women
LatestKevin O’Leary, unofficial star of the capitalist-utopian propaganda TV show Shark Tank, is known for dropping vicious entrepreneurial truth bombs of the highest caliber: “You’re dead to me,” he spits, at the slightest hint of future inconvenience. “Don’t cry about money, it never cries about you.” Recently, the metaphor-generating Canadian (nicknamed “Mr. Wonderful”) spoke to Business Insider about another truth he’s accumulated in his years of chasing millions: only the women-led companies are profitable.
“All the cash in the last two quarters is coming from companies run by women,” he told Business Insider at a recent event for the startup Honeyfund, in which he is an investor. “I don’t have a single company run by a man right now that’s outperformed the ones run by women.”
He has 27 companies in his portfolio, 55 percent of which have female CEOs. None of the other 45 percent are profitable, according to Kevin.