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Yeah, but I've already read all of those twice ;) I think it's interesting to see how quickly the investors try to flip the deal around to be extremely in thei
by Readmore 17y ago
Yeah, but I've already read all of those twice ;)
I think it's interesting to see how quickly the investors try to flip the deal around to be extremely in their favor. Only a few founders have been able to talk them back to reality but when they do it's awesome to watch.
The element bar guy in the latest episode is a great example this is a short clip of him but the whole episode is available too.
http://www.hulu.com/watch/95380/shark-tank-power-and-ambition http://www.hulu.com/watch/95380/shark-tank-power-and-ambitio...
- ashishk 17y agoi agree 100%. he was a very sharp guy. worked in VC and definitely knew what he was doing. it was also impressive how he was prepared to walk out with nothing. my favorite line of his was something to the effect of "i will fight the same way for you, when someone comes along down the road to dilute your equity"
- speby 17y agoWhen looking for investors, your last resort plan better be to be able to run/grow/operate the business if you walk out with nothing.
- tarouter 17y agoI rewind and hear this remark again and again. Because the Sharks seemed to be taken aback a little after hearing it. But I didn't quite understand this remark. Can somebody please explain to me?
- ujjwalg 17y agoI fight for the right evaluation, no matter what. So, for future rounds, you will be benefited by this trait of mine.
- bdmac97 17y agoThe element bar guy was awesome and the negotation was fun to watch. I didn't understand the final deal though. The 4% royalty made sense when the VC was wanting to completely buy the company out from under him (100% equity) but once he talked him down to 30% equity I'm not sure what the 4% royalty was about anymore.