Bickley: Overvaluing your company guarantees evisceration on Shark Tank
Erin Bickley · 2 Moms, 6 Kids Get Deal on Shark Tank, Take us Behind the Scenes EP 231 · Apr 12, 2016 · at 5:16
Erin Bickley, co-founder of Hold Your Haunches, shares pitch preparation lessons learned from studying episodes of Shark Tank.
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“And that, and the, for all the studying that we did and you've watched it, the best way to get eviscerated on television is to overvalue.”
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More from Erin Bickley
Bickley: Every Shark Tank deal is renegotiated after filming
“We also knew that every deal was renegotiated after the fact by the entrepreneur and the sharks.”
Hold Your Haunches took less money for less equity after Shark Tank
“They own far less of the, much, much less of the equity in the company, and we got way less money.”
Hold Your Haunches generated over $1.5M in sales in 2014
“So, and, 2014, we sold over 1.5 million dollars.”