YosemiteSam
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This is pretty cool.
He/this was on Shark Tank a week or so back. He got a deal w/ Lori Greiner for $200K for 5% plus a line of credit somewhere around $10 million.
He/this was on Shark Tank a week or so back. He got a deal w/ Lori Greiner for $200K for 5% plus a line of credit somewhere around $10 million.
Great. That simply means my wife will probably buy the damn thing when Lori is on her shopping channel in a couple of months.
Anyone who goes on that show is a sucker. Those are some of the most horrendous deals I could ever imagine. The only upside is that these people have connections to help the business along, but what you get for the cost is stupid.
That's not wholly true. I know this dude through a friend, and although he gave up 40%, it instantly put his business into a sales level and opened doors he'd of never sniffed w/o partnering w/ somebody w/ name recognition like Cuban etc.