4 ms·
The Shark Tank production company used to take 2 percent of their profits or 5 percent equity of all companies regardless of the deal struck with investors.[0]
by vnchr 4y ago
The Shark Tank production company used to take 2 percent of their profits or 5 percent equity of all companies regardless of the deal struck with investors.[0] Would you want them as a co-investor?
[0] https://www.inc.com/will-yakowicz/mark-cuban-forces-shark-tank-to-remove-equity-clause.html https://www.inc.com/will-yakowicz/mark-cuban-forces-shark-ta...
- breck 4y ago> used to I prefer to work with people who improve things when they think of a better idea. What do you do?
- rchaud 4y agoSo they get paid only if the company is profitable, otherwise 5% max equity? Sounds like it encourages a better economic system than the rich man's socialism of VC, which rewards people that can raise funds as opposed to achieving profitability.