Barbara Corcoran Of 'Shark Tank' Touts The Benefits Of Daydreaming

Sarah Field

Barbara Corcoran made a fortune with her real estate company before becoming a Shark Tank panelist. What she didn't make, as a self-described "straight-D" student, was the honor roll. On Wednesday, during a Reddit AMA ("Ask Me Anything"), Corcoran emphasized that poor marks should not be an obstacle to entrepreneurial success.

"The great thing about being a stupid student is you have the whole damn day to day dream. And day dreaming, about who you want to be, is a heck of a lot more useful than a rock-solid business plan."

During the AMA, Corcoran was blunt in her response to one question about what book to read before starting a business.

"You shouldn't be reading any books before venturing out. Get out there now and then read them as you're working. Still the best business book I've ever read is 'How To Win Friends and Influence People.' Nothing better."

But she told Reddit users not to wait for a co-founder if they are ready to start their business. One user asked for advice on receiving an angel investment as someone with no desire to bring on a co-founder.

"Then don't have a co-founder. Use your own energy, and the typical funding from family and friends. Or go to the SBA (small business association) for a loan. After you work your business for a few years, revisit the question then."
"Kevin, in real life, is a sweetheart. When his wife walks onto the set he is visibly shaking in his knees. Really."

"I'd like to have a beer with Daymond because he is the funniest man alive."

"I'd like to have a beer with Daymond because he is the funniest man alive."

Shark Tank returns with new episodes in the fall.

[Photo by Brian Ach / Getty Images]