Transcription
I don't get it.
Don't you think this is a fad? It might be cool for an hour or so and then I'm go throw it away.
Good day, Sharks. We're seeking $500,000 for 7% of our company.
Flashback. We built a camera.
It's all the experience of a classic film camera, but it has the best parts of digital, too. We've already done $1.8 million in sales across 65 different countries.
You'd said you would sell 100,000 cameras in the next 12 months. What would that be in terms of revenue?
It would be about $15 million in revenue.
Oo, $15 million.
What are you forecasting for November?
What are we forecasting?
Uh,
I love it.
So, I am going to give you an offer. And what a perfect thing to have a Retro Shark invest in your retro product. My offer is the 500,000, but I want 20%.
First of all, thank you for the offer. 500,000 for 20%. That's $2.5 million valuation. Considering that we were valued at $2 million prior to raising $800,000 on Kickstarter and prior to a further $1 million in revenue, I simply don't think that that's fair and we'd need a valuation closer to what we've originally asked for.
I'm not going to come down that low.
Would you tell us where you'd be willing to come to?
How about you tell me what you're prepared to accept? You can have a chat together.
Thank you, Sharks. We've discussed.
We'd be willing to come up to 500,000 for 10% of the company.
You have a deal.