Written by Omari MC
Ok, stay with me on this one.
Every independent artist needs to be watching Shark Tank. It's an investment show that airs on ABC and features entrepreneurs trying to pitch their businesses to the Sharks (investors worth BILLIONS of dollars).
An entrepreneur comes onto the show and is willing to give up a percentage of their company to a willing investor for a certain price. Negotiations then ensue and a deal is eventually struck or shot down.
Even if you already watch the show you might be thinking, "How in the world does this connect to me as a musician." Well I believe I wrap it up quite nicely towards the end of this article.
These entrepreneurs usually have a business that is already doing well, but they all think the same thing. "My product is going to change the way we..."
Well you can fill in the blank because there's a zillion products out there, but often times these aspiring business owners get put in check by the Sharks, who will question certain aspects of how much the contestant valued their company at.
If the entrepreneur can't prove why they're worth their asking price in the first place then they'll leave the tank without a deal and lose out on a major opportunity to have a great investor partner in their business.