Shark Tank Season 4 week 4 breakdown
Lightspeed Venture Partners
OCTOBER 7, 2012
He had been at it for 6 months and had no sales or distribution lined up yet. The two founders invested $40k in the business, and plan to license it rather than manufacture it because manufacturing seems too hard. So the entrepreneur was willing to accept a valuation more than $10M lower than a previous valuation.
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