Shark Tank's Daymond John I Struck Out on $20 Million Pitch

7/30/2014 1:50 PM PDT

Daymond John On 'Shark Tank' Pitch -- Shark Scrubbed Pitch & Missed Millions


Daymond John scored a great role in Hollywood, but it hardly makes up for his biggest regret on "Shark Tank" -- the missed opportunity that cost him $20 mil! 

We asked Daymond a bunch of questions about Sharking and Sharknadoing -- he's in the sequel premiering tonight -- and he confessed to a bonehead decision about a product. One that's made fellow 'Shark' Lori Grenier a ton o' cash.

As for his "Sharknado" scene ... Daymond says don't blink, cause y'know how black guys fare in horror flicks.

Other revelations? His favorite 'Shark' product, the stupidest one -- and why celebs keep investing in booze. Brutal honesty at its best.