I am sure many of you have watched an episode of Shark Tank on ABC. The show allows a startup entrepreneur to pitch their idea to a panel of five respected venture investors, who either like or don’t like the opportunity, and if they do, compete for the investment. Many of the times I have watched the show, I end up cringing watching these poor entrepreneurs become the victims of undermarket valuations or a rushed decision which makes for “good TV watching” for the viewers at home, but bad business decisions for the company. I wanted to compare Shark Tank to reality in the venture capital world, to confirm my assumption.
Read the rest of this post on Forbes, which I guest authored this week.
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