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.
