I am starting a project pitching platform, http://picocrew.com/presents/picocrew
one of the problems that I am facing is to decide what kind of business model to take, and one of proposed business models is to take 1-2% equity from the project. After a lot of going back and forth with several people, there is one glaring flaw in the model. The success rate of business is very low, especially from unproven teams.
The success of the proposed business is imperative and considering the statistics, over 90% failure, this makes it a really unattractive proposal. I realize Shark Tank offers 2 things: exposure and seed money, what I wonder is the actual success rate of the projects that have been funded by them.
I am starting a project pitching platform, http://picocrew.com/presents/picocrew one of the problems that I am facing is to decide what kind of business model to take, and one of proposed business models is to take 1-2% equity from the project. After a lot of going back and forth with several people, there is one glaring flaw in the model. The success rate of business is very low, especially from unproven teams.
The success of the proposed business is imperative and considering the statistics, over 90% failure, this makes it a really unattractive proposal. I realize Shark Tank offers 2 things: exposure and seed money, what I wonder is the actual success rate of the projects that have been funded by them.