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They own a small percent of every company that appears on the show whether they make a deal or not. After agreeing to a deal, it is subject to due diligence aft
by logn 10y ago
They own a small percent of every company that appears on the show whether they make a deal or not. After agreeing to a deal, it is subject to due diligence afterward.
- adrianm 10y agoI believe this requirement was retroactively removed for companies appearing on the show.
- koolba 10y ago> They own a small percent of every company that appears on the show whether they make a deal or not. After agreeing to a deal, it is subject to due diligence afterward. They got rid of that clause after people called them out on it being horrifically unfair to everyone that pitches on the show.
- maxerickson 10y agoNotably, Mark Cuban says he called them out on it. http://www.inc.com/will-yakowicz/mark-cuban-forces-shark-tank-to-remove-equity-clause.html http://www.inc.com/will-yakowicz/mark-cuban-forces-shark-tan...