Entrepreneur Matt Higgins — guest shark on seasons 10 and 11 of "Shark Tank" — spoke to Benzinga about the show's success and what he looks for in pitches.

Shark Tank Success: The U.S. version of "Shark Tank" recently premiered its 16th season and the show isn't likely to slow down, despite the departure of veteran shark Mark Cuban after the current season.

"Everyone has a dream that isn't just about launching a business, it's about creating something special in the world and leaving a legacy," he said. "Shark Tank doesn't only represent the American dream anymore, it represents...