I only the reruns on CNBC, so I never really know what season I’m watching. I did watch an episode last night though where Cuban offered $300,000 for 60% of some kid’s flavored honey company and wanted Robert to go in on it. Robert insisted on bumping the equity to 75% and the kid said yes (just read the deal fell through later).
I can confirm the same thing - it’s absolutely a TV personality that you see on Shark Tank/Dragon’s Den. He said they do it more for the exposure than anything, they don’t typically make money on these deals.
I think he told me he makes money on <6% of the deals that you see made on the show. Some of this are the companies who don’t make it through due diligence too.
O’Leary straight up tells folks to stop wasting time on arts degrees and go be a plumber or welder:
Dude is complete right.