Money
Shark Tank Has Made Raising Money Too Easy Says Herjavec
Ed Mylett Show
Robert Herjavec on The Truth About Success, Shark Tank, & Entrepreneurship
"I just had lunch with somebody yesterday. They wanted me to go into their business with them and I was thinking of maybe I'll go in as a partner and buy 50% of it. And the guy's telling me about it and he's like, you know, we'll get it up to like $10 million ARR. And then we'll raise equity. And I'm like, why do we need to raise money?"
Herjavec admitted that Shark Tank has created a negative side effect by making entrepreneurs believe they must raise capital prematurely, even when cash flow could fund growth. He recounted a recent conversation where a potential partner assumed fundraising was the default next step despite strong revenue. This represents rare criticism of the show's impact from one of its own stars.
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Ed Mylett Show