Remove Business Model Remove Sales Remove Southern California Remove Valuation
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Shark Tank 2012 Holiday Episode Breakdown

Lightspeed Venture Partners

She was selling her product at farmers markets and had made only $60,000 in sales over the last 12 months as a sole proprietor, although she had recently secured distribution in two local Whole Foods stores. Almost all of the sharks got indignant about valuation. Note that this is more expensive than buying a tree.

Covenant 162
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Be Audacious, like Sophia Amoruso.

Scalable Startup

Audacity is required to build an innovative startup, to invent something new, try to do things others say you cannot do, and Southern California needs many more audacious people in its tech and media startup ecosystem. In the history of Southern California, there has always been a large slice of creativity involved also.

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Think Your Start-up Is Venture Worthy? Think Again.

techcrunch.com

According to VCs, there’s been a 65% decrease in up-rounds (where a company gets a bigger valuation) in the last six months and more than 60% of those polled expect a longer wait for an exit. Similarly, the bulk of the companies getting funding are still California-based. e.g. invest $2 mil and expect a $60-$100 mil valuation for exit.