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Home brewing startup’s pitch on ‘Shark Tank’ goes flat
Photos courtesy of BeerMkr)
Aaron Walls and Brett Vegas knew they’d receive some pushback from the investors on ABC’s “Shark Tank” when they pitched their Boulder-based startup with a $25 million valuation.
BeerMkr, a countertop home brewer that makes a gallon of commercial quality beer in 12 days, had not yet hit the market. But the founders were hoping their product would convince the “sharks” to bite. They came in asking for a $500,000 investment for 2 percent of the company, which received a few raised eyebrows and laughs in response.
“‘Shark Tank’ has a tendency to rely heavily on sales as a metric for valuation. But we were still working on fulfilling our Kickstarter orders, so it was different for us,” Vegas said. “We were in a weird position where we had incredible technology and a huge potential to disrupt a $100 billion domestic beer market. So, we went in with a high valua ....

Barbara Corcoran , Brett Vegas , Mark Cuban , Evgeniy Tkachenko , Lori Greiner , Kevin Oleary , Matt Goff , Alex Rodriguez , Aaron Walls , Shark Tank , Kevino Leary , New England , பார்பரா கோர்கோரன் , குறி கியூபன் , லோரி கிரேனர் , கெவின் ஒலோரி , மேட் காஃப் , அலெக்ஸ் ரோட்ரிக்ஸ் , ஆரோன் சுவர்கள் , சுறா தொட்டி , புதியது இங்கிலாந்து ,