Dan Shapiro » Shark Tank: The 3 worst startup mistakes made on TV’s best reality show

Negotiate

Here’s the simple rule. If someone makes you an offer, it’s because they’re interested. If they’re interested, you should negotiate. Not accept; negotiate.

Know what you want

(…) have a limited array of tricks up their sleeve, and you should have considered all of them before setting foot in that room.

  • Stake size
  • Controlling interest
  • Number of Sharks investors
  • A royalty
  • Help
  • Contingencies

Don’t ever leave the room

Don’t let Sharks investors collude.