Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.” Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed.
The Correct Answers to 'How Will You Use My Money?'
Posted by
martinzwilling under Startups
From http://blog.startupprofessionals.com 3618 days ago
Made Hot by: BizWise on June 6, 2014 10:34 pm
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Comments
3612 days ago
It looks like small business start-up companies have a big challenge to get the money from investors, if you can't answer the question on how you will spend it.
Do you have good answers from entrepreneurs at Shark Tank?