Shark Tank's Daymond John Says It's 'Challenging' Sitting Next to Kevin O'Leary (Exclusive)

Daymond John isn't going anywhere.

The Shark tank The 55-year-old star discussed his future on the long-running business show while chatting exclusively with PEOPLE to announce the 5th annual Black Entrepreneurs Day, an ultimate celebration of Black business and entrepreneurship.

“There’s no way I’m going to stay on the show forever because I think there’s still time to make room for others,” he said. “I enjoy what I do, but even if I decide to leave the show today, I still have these partners and these people who allowed me to invest in their dream.”

Whether he goes or not Shark tankthe businessman said he would remain partners and friends with his fellow Sharks – Kevin O'Leary, Mark Cuban, Barbara Corcoran, Lori Greiner and Robert Herjavec – “for years to come.”

“I am part of a great alumni family,” he continued. “I knew what I signed up for 16 years ago and it was absolutely a blessing. That’s why I’ll always be a shark and be part of the show in some way.”

“It's safe to say I have no plans to go, but you never know,” John said, joking: “I mean, I'm sitting next to Kevin O'Leary and that's pretty challenging. After every pitch,” I ask. “Hmm.” Anyway, I don't think I'll go now, but you never know sitting next to Kevin.”

While hopeful business owners can look forward to pitching deals to John for the foreseeable future, fans will be saying goodbye to Cuban after season 16.

In a conversation with PEOPLE ahead of his final season, Cuban 66 opened up about the emotions he felt as he headed off to film his final day.

“[It’s] “It's more about the crew and the staff because most of them have been here for 15 years and it's a family,” he explained. “We’re all looking forward to getting together twice a year for a long time and seeing each other for 12 hours a day.”

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The billionaire businessman shared that leaving the cast and crew behind was the “hardest part,” adding, “I won't miss out on the deals.”

“The deals are always out there, but I'll miss the people and I'll miss making an impact just through the show itself because we're sending a message every day that the American dream is alive and well,” he continued continued and remarked how he was “most proud” of this message.