Quote:
Originally Posted by NxtWrldChamp
I am shocked they all shut down the Ave guy. He actually had decent numbers and they all just shut him down. Kid went from nothing to 500K in sales and 150k in profits in a 450 square foot store in 2 years. Pretty shocking.
I actually thought we were going to get a whole show without even a single offer from the sharks, but Damon lit some $ on fire with those girls at the end despite a laughable valuation.
The business was good, but the guy was shady.
If you are going to pitch to investors that don't know you, starting off by telling them how you lied your way into a job isn't the best start - no one will trust you not to lie to them as well. When he did that, I'd start to wonder whether his figures were real or bogus.
Also, "six figures" was just obviously too much. If you are asking anything more in salary than is required to cover reasonable expenses, the amount is too high. The guy was single and LA is no Manhattan in terms of cost of living.
The guy reminded me of one of those guys that reads Donald Trump/ Robert Kiyosaki books and talks endlessly about making money.