Mark Cuban just invested $550,000 in a vegan dog treats company on 'Shark Tank' via CNBCMakeIt
Many entrepreneurs who walk into the tank on ABC's"Shark Tank" with sky-high valuations climbing into the millions are often confronted with raised eyebrows, lots of questions and much push-back from the sharks. On Sunday's episode of the show, a vegan dog treat company did just that. But this time, it scored a whopping half a million dollars worth of investment from Mark Cuban.
The sharks stopped Bethencourt in his tracks when they asked how he could value the company at $11 million if they hadn't even released the product commercially yet. Bethencourt explained to the sharks they did a lot of research and development to ensure the product will be a success. He said that the company has taken in a total of $4 million in investments so far, including one from billionaire Peter Thiel.
Daymond John, an investor in grain-free, natural dog food company TurboPup — also said he was out, but did leave Bethencourt with one piece of advice:"In the interest of America, I don't want you to ever, ever, ever, ever, ever, ever, ever, ever publicly give that valuation again," he said."Because you're ruining people."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Cuban comes to the defense of Elon Musk and his ‘ongoing public belligerence’Fellow billionaire Mark Cuban, who had his own run in with the SEC, stepped up to defend Musk on Twitter in recent days.
Read more »
State Department eliminates 5-year tourist visa for CubansState Dept. says it's eliminating a 5-year tourist visa for Cubans, dealing a heavy blow to entrepreneurs and Cuban members of divided families, who used the visas to see relatives in the U.S. and buy precious supplies for their businesses on the island.
Read more »
What is the Helms-Burton Act, and why does Article III matter?Title III of the Helms-Burton Act from 1996 has never gone into effect. If it did, it would allow US citizens to sue persons “trafficking” on their confiscated property in Cuba. Now Trump is contemplating whether to continue suspending it.
Read more »
Tech billionaire Mark Cuban: 'If I were to start a business today,' here's what it would beTech billionaire Mark Cuban: 'If I were to start a business today,' here's what it would be via CNBCMakeIt
Read more »
Facebook Privacy Update: Mark Zuckerberg's Response To Cambridge Analytica Scandal One Year OnIt is now a year ago that the Cambridge Analytica scandal, which saw Facebook user data hoovered up for use in political campaigns, broke into the headlines. The legal and business repercussions continue to this day, but has Mark Zuckerberg actually learned his lesson?
Read more »