Todays episode of the shark tank featured a guy proposing a bobble head business. This business would take a picture of you and in a few weeks a bobble head would come back in your image. This business would be easily located in malls with a kiosk that would take you picture and let the customer pick a body. The business proposed was an untested spin off idea of the original business that was online, but offered the same service.But 'The Guy' offered no stake in his original business that was successful.
The sharks found this greedy, as 'The Guy' was offering no stake in his original business, and was asking for a 'handout' for an untested business. So, instead of making offers on the proposed business, they made offers on the original business, and wanted nothing to do with the proposed business. The offers put out were around $100,000 for about 20% in the business. At one point two of the sharks were ready to going half and half on a deal of $125,00 for 20%. 'The Guy' declined all offers as he was willing no stake in his original business.
If I we're in the position -of teh sharks, I would feel I would do the same thing. I mean, The guy essentialy was dangling his successful buisness infront of the sharks, but offered none of it, instead proposing a buisness wiht a huge amount of risk attached to it. In any case it would be a very risky investment for anyone. I would also agree that this guy was just being greedy. Instead of using his own profits to expand on his buisness, he didn't want to risk his own investment and thought the sharks could work that part of the deal.
The sharks found this greedy, as 'The Guy' was offering no stake in his original business, and was asking for a 'handout' for an untested business. So, instead of making offers on the proposed business, they made offers on the original business, and wanted nothing to do with the proposed business. The offers put out were around $100,000 for about 20% in the business. At one point two of the sharks were ready to going half and half on a deal of $125,00 for 20%. 'The Guy' declined all offers as he was willing no stake in his original business.
If I we're in the position -of teh sharks, I would feel I would do the same thing. I mean, The guy essentialy was dangling his successful buisness infront of the sharks, but offered none of it, instead proposing a buisness wiht a huge amount of risk attached to it. In any case it would be a very risky investment for anyone. I would also agree that this guy was just being greedy. Instead of using his own profits to expand on his buisness, he didn't want to risk his own investment and thought the sharks could work that part of the deal.
No comments:
Post a Comment