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10moEyeWris Shark Tank Update - Net Worth, Pitch & Deal
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Teacher | Project Officer | Protection Officer | Women and Children Rights Advocate | Fundraising and Resource Mobilization Officer | Social Media and Content Creator.
7mo2nd Continuation 👇 After I started watching Shark Tank, I started praying to God to create me a break, and give me the opportunity to become a Billionaire, so that I will start the Cameroonian version of Shark Tank in Cameroon, where I can be one of the Sharks who will help create more multimillionaires and Billionaires. I know where I would have been if I were born in a more supportive country. I see some young talented Cameroonian wasting away because the environment isn’t conducive enough for them to exercise their maximum potentials, and it hurts. Yes, it does hurt to be Cameroonian sometimes. - PS: the British and Japanese version of Shark Tank is Dragon’s Den. Dragons Den even started before Shark Tank. Many countries have reality programs like this where their successful business men and women and very rich people come to listen to business pitches, and fund these businesses either as investors or as partners. They end up making more millionaires, while even becoming richer themselves. In many Caucasian societies, the rich in the societies take it upon themselves to create more wealths through OTHERS. But where are the Cameroonian Billionaires? Besides some few with his “small small” efforts, where are the others? I don’t know but if I become a multi-millionaire (dollars) at 30. If in my death bed at 80-plus, I can’t count at least 20 people I helped become millionaires or billionaires over my over five decades of swimming in wealth, I’m sure I will die unfulfilled. And I might end up depressed and sad while in my death bed. Ayeh Dolian Johnson
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I'm excited to be on Mini Shark Tank next Wednesday 11/6 @ 11 am EST (you can log in @ 10:50 EST. Registration information is below! This is a Social Club (Only if You Don’t Want to Make Money) Recently I was asked why at Mini Shark Tank we emphasize that this is a place where people can learn and make money. That person said they went for the presentations and entertainment. Fair enough. They also weren’t looking for business. Then they’d get their wish. However, that’s not the case with a room full of driven, successful professionals who want more. More information, more advice, more business—and more money. I don’t know about you, but I wasn’t able to pay this month’s electric bill with relationships. Money works. Meet Business Owner Geoff Suval As President & Managing Director at Xceleran Business Funding Solutions Inc. (XBizFunding), Geoff and his colleagues help business owners become bankable using an intentional process that can rapidly build business credit and reduce personal financial risk. Their mission is to level the playing field for small businesses and business owners and help them access the credit and capital they need, when they need it, at better rates with better terms. Hear Geoff Suval share one particularly important question on Mini Shark Tank, Wednesday, November 6th, 2024, 10:50AM EST/9:50AM CST Join hosts Sajad Husain, Esq. and Jim Shulman in a fast-paced hour where business owners present questions—and get answers. Sajad and Jim bring more than seventy years’ experience running successful businesses, and value fast, accurate and simple answers. Anyone can study business theory. Here real businesses get real-world answers. We open the room at 9:50 AM CT / 10:50 AM ET Please be there, on time… Which means 5-10 minutes early. On time is late! Register NOW! https://lnkd.in/ekwPv5CD
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What is it like to be on SHARK TANK, Jake? 💡"The feeling of being on SHARK TANK was surreal" according to Jake Deleon of FILA MANILA. Discover what it takes to pitch to the Sharks and secure that crucial funding. More insights in the next reel! #SharkTankTips #PitchPerfect
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A (lengthy) Analysis of one of my favorite Shark Tank Pitches: This was not a huge deal or crazy-glamorous product. It wasn’t wildly innovative. So what exactly was it about Knife Aid Inc. that had the Sharks literally swarm them, in the studio hallway, and compete to give them their money? https://lnkd.in/gCbi355u Here are the reasons I attribute to the feeding frenzy among the Sharks: FEASIBILITY You can’t pitch your way out of a bad idea. Knife Aid quickly demonstrated simplicity and effectiveness, and made it fun and interactive while doing it. They built rapport and injected humor. This is all great, and set the stage for deeper dialog, but still does little to prove that a good investment opportunity actually exists. TRACTION These gentlemen showed up with revenue. There is no better proof that you have something that people want, than the fact they are giving you money for it. Hype and glamor and fame can help, but nothing trumps sales when it comes to proving traction to investors. STRONG FOUNDERS Possibly even more important than the traction proved by their revenue, was the competence of the founders. Mikael Soderlindh and Marc Lickfett are ringers. Mikael was the founder of Happy Socks (and a 9 figure USD exit from it) and Marc had numerous startups, executive management and board experience under his belt. I think it’s fair to say that the Sharks were fully confident that these founders could execute. HONESTY Around 4min into the segment, Rohan Oza asked ‘why not just fund it themselves’ (given Mikael having already had a significant exit). Mikael opened up that he had failed in the US market previously, due to not having the right partners/connections, and that he wouldn’t repeat that mistake again. It cant be overstated how huge this was for building trust. A few minutes later, when pressed on what they needed the most help with to make Knife Aid a success in the US, the founders explained that they needed guidance with building and executing retail channel partnerships and brand awareness in those channels. AWARE OF OWN WEAKNESS Finally, and in my opinion the most important but easily overlooked factor here that made the Sharks trip over themselves to compete for this deal is that they demonstrated complete awareness of why they needed a Shark in the first place. Specifically, they made it clear that they knew that money could be had from a variety of sources (VCs etc), but that if it came from an investor who helped address the gap that’s keeping them from scaling the business (channel development), that it could generate a lot of additional value on both sides of the deal. By this point the Sharks were in a full-blown feeding frenzy. Great deals happen when each party needs, and trusts, the other.
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DecaMillionaire, Real Estate Investor, RCFE Administrator, Product Developer, Shark Tank Entrepreneur. Freemason
10moLessons from the Tank: What I Learned from My Experience on Shark Tank
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Don't let discouragement sink your dreams! The Shark Tank journey teaches valuable lessons. Stay resilient and keep pushing forward. #SharkTankReactions #BusinessAdvice #Resilience Watch Michelle react to the full Plopstar pitch at this link: https://loom.ly/6UCSGNM
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Financial Management | Leadership | Master of Finance | CEO
9moWhen was the last time you thought of making scrubbers with adjustable stiffness? Scrub Daddy, Inc. When was the last time you thought of making skateboards with brakes? VibeRide When was the last time you thought of making self-cleaning water bottles? LARQ When was the last time you thought of a product business idea at all? All the hype around AI, crypto, IT, high-tech, SaaS, and other 21st-century fancy terms has taken a lot of attention away from simple product innovations. Today, it’s much more prestigious to add a few AI twists to your software and market it as a next-gen, super ultra-innovative, life-changing tool than to sell kitchen cutting boards or water bottles. On the investor side, many choose to put their money into tech companies, trading at 20-30x EBITDA multiples and promising infinite growth and cash distributions, which may eventually end up bankrupt, rather than investing in cash-flow positive, steadily-growing traditional businesses. I’m not trying to criticize any business or investor. In fact, I find myself admiring tech innovations daily. And now, the moral of the story. Exactly 10 years ago, one of my amazing undergrad lecturers showed us an episode of the TV program Shark Tank ABC. Ever since, it has provided me with daily doses of motivation, practical knowledge, and a broader viewpoint on entrepreneurship. Here are a few key things I have learned: 1. Do not underestimate traditional business ideas. 2. There’s always room for monetizable innovation, even in the most mature markets. 3. Success is absolutely possible in overpopulated markets. 4. Passion and commitment pay off. Fun fact: in the episode below, released in late 2012, Scrub Daddy received 0,000 investment from Lori Greiner at just ,000,000 valuation. In 2023 the company made 0,000,000 in sales imputing at least a 0,000,000 valuation 12 years later.
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𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐚𝐧𝐝 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐞𝐧𝐭𝐡𝐮𝐬𝐢𝐚𝐬𝐭𝐬: Why do you think the founder accepted Lori's investment proposal, which involves equity in the company, over the other investor's proposal that didn't require any equity at all? If you were in his place, what decision would you make and why? I invite you to watch this video and share your thoughts. Shark Tank ABC https://lnkd.in/dZXXZz4S
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Making a video isn't always easy peasy! It took Bill and myself a little while, like a week or so, and here it is! This is Ravenwolf Marine's official pitch video that is associated with our current WeFunder campaign. This is my first jaunt into #EntrepreneurshipLife, and, it's definitely had an impact with overcoming some of my #socialanxiety. That is a huge step for anyone. It takes guts, it takes courage. For me to overcome such a thing, being filmed is a ginormous step. Especially when I start sharing such things to a wider audience. Did you know that many #entrepreneurs are #ADHD? Richard Branson comes to mind. Many of us have overcome obstacles to get where we are today. With the advent of social media platforms, such things have been factors in propelling aspiring content creators, artists, and small business owners forward in reaching their goals. These platforms are a vehicle for spreading awareness, sharing dreams, and supporting family and friends through good times and hardship. Join me in the next chapter of Ravenwolf Marine's adventure! Own a chunk of the Den-Dry brand. We are looking for an 'Angel' to step forward and make this dream a reality! There are Angel Investors everywhere. Are you one of them? Help push this campaign to a wider audience. We need to raise, on our own, ,000 before WeFunder will show our campaign to bigger investors that can help propel Ravenwolf Marine into the future. That's right; it's Bill and me, the one and only Wolfie <3 Look at all that Den-Dry behind us! Help us FILL our warehouse to capacity and ensure that every boat and RV out there is outfitted with Den-Dry. https://lnkd.in/eGn8ZAZp #SupportSmallBusiness #ShopSmall #Entrepreneur #Business #BusinessGrowth #StartupLife #Ecommerce #Crowdsourcing #Crowdfunding #StartupFunding #CrowdfundingCampaigns #InvestmentCampaigns #WeFunder #StartEngine #InvestmentOpportunity #Opportunity #Opportunities #DenDryRWM #RavenwolfMarine #BanishBunkFunk #RWM #GotBunkFunk
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Want to get on Shark Tank? Here are four things you must do to get the green light.
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