New York

New York is a state in the Northeastern United States and is the United States' 27th-most extensive, fourth-most populous, and seventh-most densely populated state. New York is bordered by New Jersey and Pennsylvania to the south and Connecticut, Massachusetts, and Vermont to the east. The state has a maritime border in the Atlantic Ocean with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the west and north. The state of New York, with an estimated 19.8 million residents in 2015, is often referred to as New York State to distinguish it from New York City, the state's most populous city and its economic hub.

With an estimated population of nearly 8.5 million in 2014, New York City is the most populous city in the United States and the premier gateway for legal immigration to the United States. The New York City Metropolitan Area is one of the most populous urban agglomerations in the world. New York City is a global city, exerting a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. The home of the United Nations Headquarters, New York City is an important center for international diplomacy and has been described as the cultural and financial capital of the world, as well as the world's most economically powerful city. New York City makes up over 40% of the population of New York State. Two-thirds of the state's population lives in the New York City Metropolitan Area, and nearly 40% live on Long Island. Both the state and New York City were named for the 17th century Duke of York, future King James II of England. The next four most populous cities in the state are Buffalo, Rochester, Yonkers, and Syracuse, while the state capital is Albany.

Shark Tank

Shark Tank is an American reality television series that premiered August 9, 2009, on ABC. The show is a franchise of the international format Dragons' Den, which originated in Japan in 2001. Shark Tank shows aspiring entrepreneur-contestants make business presentations to a panel of "shark" investors, who then choose whether or not to invest.

The show is currently in its seventh season, and has been a ratings success in its timeslot. It has also won the Primetime Emmy Award for Outstanding Structured Reality Program twice. Two further adaptations of the Dragons' Den format, one in Australia and one in Portugal, have been named Shark Tank. A third, an Italian version, was announced but has not aired.

Overview

Shark Tank is produced by Mark Burnett and based on the international format Dragon's Den, which originated in 2001 with the Japanese show Tigers of Money. The show, however, more closely resembles the format of the British version, Dragons' Den, which premiered in 2005. The show features a panel of potential investors, called "sharks," who consider offers from aspiring entrepreneurs seeking investments for their business or product. The sharks are paid for their participation in the show, but the money they invest is their own. The entrepreneur can make a deal on the show if a panel member is interested. However, if all of the panel members opt out, the entrepreneur leaves empty-handed. The show is said to portray "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons." A one-hour pitch by a contestant is edited down to "a dramatic 10-minute segment."

Karl Kani

Karl Kani (/kəˈnaɪ/; born Carl Williams on May 23, 1968, Brooklyn, New York City) is the fashion designer, founder and CEO of the Hip Hop fashion brand Karl Kani.

History

At age 16, Carl Williams started designing clothes after learning the essential handcraft at his father's company. Karl never studied tailoring or design, but he had flair for coming up with unusual concepts. He would buy material and tell a tailor exactly how he wanted his garments to look. "For a relatively small sum", as he put it, "I had a fresh outfit that nobody had."

After seeing him on the scene in local clubs, men started asking for a Carl Williams' outfit of their own. Soon Karl was taking his first orders in his car. The death of one of his close friends inspired some deep contemplation. "It made me think about life differently", he added " I thought I should really do something positive."

In 1989 Karl headed to Los Angeles where he and a good friend opened a clothing shop on Crenshaw Boulevard. They made no profit at this location and after the shop was robbed, they moved to Hollywood where Karl started selling catalogs for $2 that he and his partner had put together. They only made profit off the catalog sales and didn't actually sell any clothes. He decided to take out an advertisement in Right On! Magazine but even that didn't help jumpstart sales.

Martin Shkreli

Martin Shkreli (/ˈskrɛli/; born in 1983) is an American entrepreneur and pharmaceutical executive. He is co-founder of the hedge fund MSMB Capital Management, co-founder and former chief executive officer (CEO) of the biotechnology firm Retrophin, and founder and former CEO of Turing Pharmaceuticals. In September 2015, Shkreli received widespread criticism when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by 5,556 percent (from US$13.50 to US$750 per tablet) leading him to be referred to by media as the "most hated man in America".

On December 17, 2015, Shkreli was arrested by the FBI on charges of securities fraud and released on bail. He resigned as CEO of Turing Pharmaceuticals and was replaced by the company's board chairman, Ron Tilles.

Early life and education

Martin Shkreli is the son of Albanian and Croatian immigrants who worked as janitors. He, his two sisters, and his brother grew up in a working class community in Sheepshead Bay, Brooklyn.