No, both sides can back out for any reason. More often its the sharks backing out, because when they audit the company they find out the financials are different than what the entrepreneurs said during the pitch
It doesn’t matter, asking for 50% for something someone built from ground up and has sales is bullying. There is no guarantee even taking an investor that early would work out because they are so focused on profit they wouldn’t care about quality as long as profits are coming in killing the brand in the long run
Damn! Hes the real shark for lying and saying Yes 😅
I mean, they basically disrespected the value of his company if it was true what he just said, so it’s only fair for him to play them too lol
So his vocal agreement isnt legally obligation?
No, they sign contracts after.
No, both sides can back out for any reason. More often its the sharks backing out, because when they audit the company they find out the financials are different than what the entrepreneurs said during the pitch
@@GATOWNoh is that why? That makes a lot of sense. I thought comments implied they only make offers for tv. I can see it being a mix of both 🤔
His tears worked
Don't cry over spilled milk ahh moment😭
"doing well"?
but who knows if it could go beyond "doing well"? ?
It doesn’t matter, asking for 50% for something someone built from ground up and has sales is bullying. There is no guarantee even taking an investor that early would work out because they are so focused on profit they wouldn’t care about quality as long as profits are coming in killing the brand in the long run
Yup. That’s exactly why he backed out.
Now I want pie
liar