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Shark Tank also takes 2% stake regardless if they get funded or not.
by Axsuul 13y ago
Shark Tank also takes 2% stake regardless if they get funded or not.
- billybob255 13y agoNot really, it was 5% equity or 2% royalty and according to a Forbes article[1] ABC hadn't asked the two people interviewed for any money. The article also said their source claimed ABC wouldn't be asking for either in upcoming seasons. [1]http://www.forbes.com/sites/jjcolao/2013/06/13/is-shark-tank-really-worth-5-of-your-company-business-owners-say-absolutely/ http://www.forbes.com/sites/jjcolao/2013/06/13/is-shark-tank...
- uptown 13y agoNot sure if these are still the terms, but here's the original 5% / 2% document: http://a.abc.com/media/primetime/sharktank/SharkTank3OpenCallApplication.pdf http://a.abc.com/media/primetime/sharktank/SharkTank3OpenCal...