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Each year I have witnessed many “pitch” contests and participate investor pitches in locations across the United States.

If you’re not familiar with the investment pitches and contests, think ABC's "Shark Tank” television program, but with industry experts and/or investors asking the questions.

Image: Daymond John, co-founder and chief executive officer of Fubu, speaks during an interview in New York, U.S., on Friday, Jan. 25, 2013. John participates in "Shark Tank," a show in which contestants pitch business ideas to a panel of investors on Walt Disney Co.'s ABC television network. Photographer: Scott Eells/Bloomberg