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Old March 26, 2012, 01:59 PM
Bigmack
 
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Default Re: Why I'm crazy about THIS TV show...

Dien, my wife and I love that show. One of the things we picked up was how many times the sharks will invest if they like the person. Of course the numbers have to be right, but they are also looking at, "do I want to partner with this person". If they don't like the person and they like the product or idea and the numbers are right, they try to buy them out. I remember one where they said to the guy, I think it was, I don't want to be your partner, I'll give you a check for the whole thing and you go away.
Another important thing they always look at is, can this be scaled up easily.
Many very good lessons to be learned watching that show. And you're right about Mark Cuban, he really makes it interesting. I love it when he says, I want an answer right now or no deal.
The final thing I really like is when one of the people pitching their idea actually say what they are really there for is to partner with one of the sharks, because really the money is secondary, it is the partnership with the shark that is the real value.

Mack
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