This CEO said Shark Tank has an aversion for funded tech startups - Business Insider

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Here's how this founder sought to overcome Shark Tank's apparent aversion to tech startups that had already raised capital

"I was definitely preparing for that having seen those episodes," Zhao told Business Insider. "I was afraid of being called a 'cockroach' or a 'gold-digger' or any of those names."based on an individual's skin type and needs. The startup calls its product "the world's most personalized skin care" based on the Skin Genome Project, an award-winning skincare database.

The sharks did not invest in her startup, but she said being on the program gave them more visibility. In fact, her episode was recently re-broadcast "which means our show got pretty good accolades," she said.During Kim's appearance, Cuban led the grilling, saying, "From an investment perspective, you don't need the cash." To his fellow host, Richard Branson, the Virgin Group founder, Cuban added, "She's a gold-digger.

She said that had the sharks called her a "gold -igger" for seeking more startup capital, she would have responded: "This show is not a charity show. This is a show where great companies go to meet great investors, so that we can both grow and you know really bring these wonderful products to all of America. That's why I'm here.

 

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