Tuesday, January 11, 2011

Negotiation

Element Bars-Custom Energy Bars
-Started making them to better the competitors
-Started in kitchen now makes 1000 a day
-Grown 15% per year

He says that his company is valued at 1,000,000.
Sharks say no and he is asking for too much money, and to little stake

Was offered 150,000 for 75% of company
Or 150,000 for 100% of company, and a 4% royalty

Settled on a deal for 150,000 for 35% and a 4% royalty in the company

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