The Kang sisters turned down Mark Cuban’s offer to buy the company for $30 million. They got no other offers. Since then Coffee Meets Bagel has raised close to that across four funding rounds.reports that the dating startup has been growing at a rate of almost a quarter million downloads per month.This startup’s founder appeared on Shark Tank twice.
I have the pleasure of interviewing some of the most successful entrepreneurs on the DealMakers Podcast. I recently had the pleasure of interviewing Josh Hix from Plated. They appeared on the show and did receive an investment from Mark Cuban. However, Plated got over 200 investor rejections outside of the show before they were acquired for $300 million .The tips from the sharks and attention can be just as, if not far more valuable than the funding they could offer.
For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash. Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400M .Not even super smart, very experienced investors with influence over the outcome will always see the opportunity and value.
Of course, there are great benefits of getting funded on TV shows like Shark Tank. Yet, funded on TV or not, there are plenty of perks from this type of visibility and validation.
In a socialist country, they'd be nowhere
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