Swimming with the sharks
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So, let’s explore why some get a deal and others don’t.
During each episode the inexperienced entrepreneur will tend to make the same critical mistake: They overvalue their business. They also see market potential that cannot be supported by their current and past financials. The multiples they use are not based on reality, but what they believe the company will be worth.
A number of the sharks are quick to point out the flaws in the valuation and challenge the company’s value. In many cases, the entrepreneur is unable to defend the valuation, and the sharks attack. The result is “I am out,” and there is no deal.
Press-Republican
The wall of Clinton Correctional Facility looms over the community of Dannemora in June 2015.
(Enterprise photo â Matthew Turner) DANNEMORA A Clinton Correctional Facility officer sustained two fractures to the jaw, bruising and swelling around the eyes after he was knocked unconscious by an inmate Monday night, according to the correction officers’ union. The inmate, who is serving a 16-year manslaughter sentence, reportedly attacked the CO in the recreation yard shortly after 8 p.m., the New York State Correctional Officers and Police Benevolent Association said. Another CO saw his co-worker drop to the ground in the north yard after the alleged assault, the union continued. The CO was unconscious by the time staff arrived and was brought to the medical facilities in the prison before being transported to a local hospital, NYSCOPBA said.
Suds2Go: Portable handwashing system and handwashing bottle caps.
Salad Sling: Vegetable drying device where you put your vegetables in the device, gather the deviceâs handles, and spin the device around like a lasso, using the air pressure to remove the water that comes from washing the veggies.
Larq: Self-cleaning water bottle that purifies water on the go.
Jill Visit pitches her product Salad Sling (ABC)
What is the âShark Tankâ update?
In a âShark Tankâ update, Season 11 entrepreneurs Rachel Connors and Joe Denim update us on their San Francisco, California-based, artisan hammock company with a social mission. Yellow Leaf Hammocks has flipped its traditional business model upside down in order to go directly to consumers during the global pandemic with some help from their investor Daniel Lubetzky.
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Chrissie Lam and Gladys Lam on âShark Tankâ (ABC)
âWhat does the world need more of now? LOVE!â Here s presenting a heartwarming project that started in 2012 on âShark Tankâ. Chrissie Lam is all set to showcase her artisan-made designs from around the world to spread love to worldwide cultures.
Eight years ago, she left her job in corporate fashion and moved to Kenya where she stumbled upon a group of women in the Maasai tribe. âThese women made vibrant, high-quality, and gorgeous beaded items. Blown away by their craft and compassionate community, I worked with these artisans to design a bracelet emblazoned with one powerful word: LOVE,â she disclosed.
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