Today we watched an episode of sharktank. Two entrepreneurs where selling their high school football social network site for 15% for $150,000. The end offer was $600,000 for 50% because two of the sharks wanted in and they believed that the company needed more money to succeed.
I liked this episode becaused it showed the value investors will have in a company with a good idea. Two of the sharks fought over the company, and began to raise eachother for the invsting in the company. Eventually they both saw that working against eachother, one of them would have to pay more than they should. So they asked the entrepenuers to leave and agreed on a 50-50 deal in company.
I liked this episode becaused it showed the value investors will have in a company with a good idea. Two of the sharks fought over the company, and began to raise eachother for the invsting in the company. Eventually they both saw that working against eachother, one of them would have to pay more than they should. So they asked the entrepenuers to leave and agreed on a 50-50 deal in company.
I beleive this was a good deal on all sides because the entrepenuers had gained much more than they went in asking for, and both of the investors shared 50% of the company with half as much money.
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