Apparently, this show has been going on for 5 seasons. I managed to catch an episode this afternoon while having lunch and I decided on going for another because it was so good.
Shark Tank is a show where entrepreneurs pitch their ideas to a panel of 5 VCs who will take equity into the ideas or companies. The panel or "sharks" are successful business owners and they are diverse in their skills and characters.
Things that can be learnt from the show? Valuate your company properly, if you have no track records or sales, don't bother pitching to VCs. An company with a great idea but still starting out without sales is like a piece of salmon, the sharks will come in and kill it.
Bootstrap the company, get some experience running the company, valuate it at present value then sell off the shares.
Being a VC is something I want to do in the future. Keeping my eye on the target~
The Young CEO
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