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Honored Contributor
qualitygal
Posts: 20,247
Registered: ‎10-04-2010

Re: Shark Tank missed out Big Time!!!

‎04-23-2018 10:29 AM

I love the old:  they said it couldn't be done, and prove THEM wrong.

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Respected Contributor
straykatz
Posts: 2,380
Registered: ‎03-09-2010

Re: Shark Tank missed out Big Time!!!

[ Edited ]

‎04-23-2018 11:25 AM - edited ‎04-23-2018 11:26 AM

@novamc1 wrote:

Facts behind the sale of that "Ring" device sold to Amazon (and rejected on Shark Tank) are reportedly that the fellow who presented the item  had  many venture-capital  investors, so  that he actually has come out with a fraction of the money windfall.

 

It definitely seems to be a popular item, but the guy presenting it to Shark Tank has had to share the riches with a lot of people.  If a shark investor had taken the deal, the shark might have gotten very little.

 I've seen the sharks turn down deals because of multiple investors already involved in the product.  So if this was the case with the Ring deal then I understand why they said no.  

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