3 ms·

I'm guessing it's a mistake in the article. End of Summer was not too long ago, so a company with about $500K in the bank should be worth more than $270K premo

by leelin 17y ago

I'm guessing it's a mistake in the article. End of Summer was not too long ago, so a company with about $500K in the bank should be worth more than $270K premoney. I just thought of another explanation: Maybe the TV show only airs if a deal gets done, so the founder reasoned the publicity was worth a bad valuation?

joez 17y ago
I doubt the part of accepting the money for publicity. I think they get plenty for just being on a nationally syndicated show. (Kudos to them on WSJ and Shark Tank) They might have even gotten better publicity for standing firm on their original offer. http://www.youtube.com/watch?v=SOSfMzwA5C0 http://www.youtube.com/watch?v=SOSfMzwA5C0 They accepted an offer with a 6 month buy out clause so it is possible they never intended on keeping the money. I just have major doubts about their numbers. The way the founders present them is very suave but thinking deeper in is really questionable. Other highlights from the show are in: They had 40% of University of Arizona (about 14k users) in 8th months. 30k revenue in 1 year. Not exactly a smashing success, but a start. Just a few doubts when examining them deeper.