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Shark Tank : Why did Robert Herjavec take back his $250,000 offer from Ghia?
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Shark Tank : Why did Robert Herjavec take back his $250,000 offer from Ghia?

LOS ANGELES, CALIFORNIA: Melanie Masarin, founder  of Ghia, a non-alcoholic aperitif brand, stepped into the tank in search of a whopping $250,000 for a five% stake in her organization that has a valuation of $five Million. After handing over a totally compelling pitch approximately the viability of non-alcoholic liquids because the destiny of the beverage sector, Melanie proceeded to provide the liquids to the Sharks for tasting.

 

One sip of the scrumptious beverage, and Robert Herjavec, Kevin O`Leary, and Daymond John had been sold. But earlier than making a suggestion the Sharks requested her their standard query approximately the income and income margins. When Melanie discovered that she owned 57% of her company, and has already raised pretty a chunk of capital from different sources, inclusive of an upcoming $6 Million funding for a valuation of $35 Million. The Sharks had been dispose of through the excessive valuation and commenced chickening out one through one. Except for Robert Herjavec. He noticed ability with inside the commercial enterprise and on account that she turned into supplying 5% from her personal part of 57%, Robert determined now no longer to barter and agreed to invest $250K for 5%. But earlier than Melanie may want to accept, Kevin jumped in.

 

One sip of the delicious beverage, and Robert Herjavec, Kevin O`Leary, and Daymond John have been sold. But in advance than making an offer the Sharks asked her their wellknown question about the profits and profits margins. When Melanie found that she owned 57% of her company, and has already raised quite a piece of capital from one-of-a-kind sources, together with an upcoming $6 Million investment for a valuation of $35 Million. The Sharks have been take away via the immoderate valuation and started retreating one via one. Except for Robert Herjavec. He observed capacity withinside the industrial business enterprise and since she become presenting 5% from her private a part of 57%, Robert decided now not to negotiate and agreed to invest $250K for 5%. But in advance than Melanie can also additionally need to accept, Kevin jumped in.

 

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