A VC’s take on the Season 5 premier of Sharktank
Lightspeed Venture Partners
SEPTEMBER 21, 2013
to fund the company at a $6M post money valuation from a number of investors including Selena Gomez. Despite having over 500k downloads and making $450k in revenue over the last 21 months, he had only $185k left in the bank, which meant that he would be out of business in 90 days if he didn’t raise more money.
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