By Margaret Lyons
Updated March 30, 2009 at 01:54 PM EDT

Mark Burnett has signed on with ABC for his latest reality venture: Shark Tank, an Americanized version of British hit Dragon’s Den, follows “eager entrepreneurs pitch their business ventures to five multimillionaire tycoons,” according to the Hollywood Reporter. Those tycoons include Robert Herjavec, Kevin Harrington, Barbara Corcoran, Kevin O’Leary, and Daymond John.