Daymond John, the entrepreneur and "Shark Tank" star, has offered blunt advice to aspiring business owners, warning that those who start a company purely to chase money rather than out of genuine passion are setting themselves up to fail. He shared his views with Fox News Digital while attending Fanatics Fest, framing the warning as a core principle for anyone hoping to build a sustainable business rather than a quick cash-in.

According to the 57-year-old, passion for the venture itself is essential, and entrepreneurs who lack it risk being "screwed" further down the line. The interview came amid Fanatics Fest, a sports and memorabilia convention, though the article does not elaborate further on the specific circumstances or additional details of John's comments beyond this central message.