Monday, August 10, 2009

Sharky Shark Shark

I am not one to get all excited by the majority of the crap that's on primetime television, because the majority of it is absolute crap. How all that junk even stays on tv is beyond my realm of comprehension. However, last night was the start of this new show called 'Shark Tank.' The premise is that there are five self made millionaires/billionaires that sit behind this desk and listen to pitches and investment opportunities from people. The pitch people come in with an offer already on the table. For example they are starting up a pie business and they offer these five people 10% equity in their company in exchange for $250,000. Make sense? Anyway, this show is awesome. I love the business talk, and the numbers. I love watching them talk about equity, and investments, and offers and counteroffers.....I love it. It's fantastic.

There was this guy last night that has built a successful pie shop all on his own. He has two locations, netted 20% of his $800,000 revenue (personally), and is on the verge of signing a contract to put his pies into McDonald's. He owns 100% of his company. Anyway, last night he walked in wanting to be able to build a factory so he can more efficiently send out pies. He wanted more ovens and better equipment and all of this other stuff. He was asking for 250,000 and in return would give one of them 10% share in his company. I watched this guy take an offer from the greedy retard judge. He got his 250,000, but he had to give him 50% of his company in return. And he did it!!! I almost hit the ceiling. I was thinking the dude should just walk, but now this greedy horrible man owns half of his company. Ugh. I love this show.

1 comment:

Anonymous said...

This sounds like my kind of tv show. I should watch it.