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Yes, many deals made on the show are cancelled after as the sharks go through all the financials and everything else about the business. All deals you see are contingent on the sharks testing the product and going through personal and business financials after the show is filmed. So yes, the sharks can later back out. For example, Mr. Wonderful says usually only about a third of the deals he makes actually get finalized. And yes, everyone going on the show is aware of this beforehand. Lots of behind-the-scenes info in this article.
Of course, small unknown business, especially if they sell online, get pure gold exposure and I'm sure its worth it for them even if they don't have an offer.
ABC switched Shank Tank's time slot to go against TAR. Let's see who wins this rating battle. For me it will be Shark Tank. Will watch TAR later on demand.
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