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Join the Shark Tank team Wednesday: Your hired 883162
daemon@ATHENA.MIT.EDU (Shark Tank)
Wed May 17 09:30:17 2017
Date: Wed, 17 May 2017 03:25:20 -0400
From: "Shark Tank" <shark_tank@incommsharkks.com>
To: <sipbv6-mtg@charon2.mit.edu>
Shark Tank Judges Make Biggest Announcement Yet You Cant Miss
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Mark Cuban - Lori - Kevin - Barbara
"We just couldnt stand around and watch this disaster"
Protect yourself from the disastrous future that awaits
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Lundy Nieland, 454 N Schenley Ave Youngstown Oh 44509-1829
Last week I attended and participated in the Inc. GrowCo conference in New Orleans which is my favorite conference of the year. It is exhilarating and stimulating to be in a community of about 600 entrepreneurs who have come together to learn and grow. Everyone has an idea, and the energy is powerful.
Kevin OLeary, aka Mr. Wonderful from Shark Tank was one of the main speakers at the event and many of the CEOs of his portfolio companies were on site participating in panels.
His presence and the excitement around him reflects what I call the ongoing Shark Tank Myth which is the belief by many entrepreneurs that the key to their success and fortune is to get that one famous or great investor who has all the answers and will lead them to the golden land.
The reality is that there is often another way. And sadly, despite the dream, Kevin OLeary and his counterparts would probably only consider 1 in 100 companies they meet potentially investable.
While entrepreneurs pursue the Shark Tank Myth, many of them are wasting a fortune of time pursuing a path that will likely not work for them.
I met with many CEOs during the conference whose goal was to raise about a million dollars from an investor like OLeary. And I would automatically challenge them to ask what they would do with a SBA
Invariably, most of them had not considered the debt to be an option. And based on the existing cash flow in many of their businesses they could likely get a loan.
