Quote:
Originally Posted by D0UGHBOY
Ideally if you had the business and wanted to go on shark tank you would just need the money and not guidance. Other than Barbara nobody seems to want to offer guidance so your best shot would be if you had a great idea/plan and needed money.
I think going on the tank for just the money would be the worst thing. The sharks rarely seem to give a good deal monetarily for the fish. They do this because their value as a connected and knowledgeable shark will make up for the extra equity they gain and they only seek deals that reflect that.
Sometimes there's a product that is a great fit for a shark (and this can also depend on the desperation of the owner) and it's totally worth it to sacrifice equity. Such as a product that would go great on QVC with Lori or a technology product that Cuban can run with.
If they just needed the money, would be better to seek out investors irl.