Shark Tank Lessons for Entrepreneurs Seeking Startup Capital
Shows such as Shark Tank and its international versions from Canada and the UK are worth watching if you are a first time capital raiser. They give you a very good sense of what it’s like to pitch savvy investors. You need to invest time figuring what tough questions will be asked and prepare answers that will satisfy the asker.
Here’s a short article on one Shark Tank winner who six months later was shocked to discover that she would not be getting any money after all. What happened? The investor changed his mind. This happens a lot more than entrepreneurs like to think. Read How Not to Become ‘Shark’ Bait by Eric Sherman.
You can catch the Canadian and UK versions on YouTube.
I also recommend Startup Junkies TV on what’s it’s like to chase startup capital.