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Shark Tank Recap – April 13 & a Second Chance Pitch

2 pointsby moses1400about 13 years ago

1 comment

paulhauggisabout 13 years ago
I like the Shark Tank, but they mostly prey on desperate people. They want a business that is already proven (no risk), from a desperate person (can't go to the bank, pretty much have no options left), at a ridiculous valuation.<p>The guy that made and patented the clothes with wires is a perfect example. He was making $10-12 million/year already and I think they low-balled him with an offer that was much less than the current value and included a percentage of the patents.<p>But, some people don't have any other options.
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