Some of the tricks used by Shark Tankers are exposed.
Kevin O’Leary is famous for this deal. He waits for the other Sharks to say “I’m Out” and then he knows he’s the only possibility left for the entrepreneur. So then it suddenly doesn’t matter at all what they are asking for. Let’s say the entrepreneur is growing, they have profits, they have one million in sales, etc. Kevin O’Leary doesn’t care at all.
Continued....
Seed Capital: Lessons from Shark Tank
Posted by LarryWildman under Raising CapitalFrom http://antiventurecapital.com 4409 days ago
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