Sharks are known for being shrewd and cunning creatures in the animal kingdom, and it seems that reputation extends to the business world as well. In a recent episode of the hit show “Shark Tank,” one particularly shrewd shark made an offer that seemed too good to be true – and it was.
The entrepreneur in question had created a revolutionary new product that had the potential to change the industry. The shark, sensing an opportunity, made an offer that would give them a substantial stake in the company in exchange for their investment. On the surface, it seemed like a great deal for both parties.
However, the entrepreneur was not so easily swayed. They knew the true value of their product and were unwilling to give away so much control for a mere fraction of its worth. Instead of accepting the shark’s offer, they counter-offered with a much more equitable deal that would allow them to retain majority ownership of their company.
The shrewd shark, caught off guard by the entrepreneur’s savvy negotiating skills, was forced to either accept the new terms or walk away empty-handed. In the end, they chose the latter, realizing that they had underestimated the entrepreneur’s business acumen.
This story serves as a reminder that in the world of business, it pays to be shrewd and smart. Entrepreneurs should always know the true value of their products and not be swayed by seemingly generous offers that may not be in their best interests. By staying true to their vision and being willing to stand their ground, they can outsmart even the shrewdest of sharks.
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Someday the world's gonna end and he will be sitting there trying to pay someone to give him a glass of water with money that is worthless
I'm glad mark laughed since its plain to see kevin doesn't see this company as having longevity which is why he went for ripping profits as much as he could since the equity is worthless once it goes under, not to mention 6% is a high ask from each sale since a fresh business won't have super high margins between cost and profit with most profits going straight back in to expand or market more, so its directly hurting his ability to expand the business, which kevin isn't invested in given he only wants 3% equity.
I’d say “thanks but kiss my ass”