Don’t Be Shark Bait: Tell an Investor What Your Company is Worth Now… and Later!
The ABC reality TV show “Shark Tank” is incredible. Each week, contestants are offered millions of dollars for a piece of their company. They have about 30 seconds to say yes or no. It looks simple, doesn’t it?
Behind the scenes, it is anything but simple — and the business owners are the most likely to be the least prepared. I suppose that’s why this is called the Shark Tank. A lot of these business owners get eaten alive and end up selling their company for far less than it is worth.
We’ve talked about Shark Tank… Now let’s talk about the other Business-Meets-Reality TV Show, “
