Disha Shidham entered the “Shark Tank” looking for $100,000 in exchange for 10% equity in Savy (via Shark Tank Recap). She aimed to attract users to the platform with a diverse product offering from more retailers. Shidam shared that she had made verbal agreements with big box retailers but that nothing was official yet. She also had yet to make a physical sale through Savy. This, along with her low user base, discouraged the investors.
As Shidham opened up about her background, the Sharks also realized that the young entrepreneur was not completely devoted to Savy. She revealed that she had been involved in three startups in the past three years, including as a mentor for TRU Colors, a brewery that employs active gang members. After Shidham revealed that she didn’t plan to go back to college in the near future, the Sharks weighed in.
“There’s a whole world that you know nothing about, that you’re trying to pick up in bits and pieces,” Cuban said of Shidham’s scattered career path before dropping out. Kevin O’Leary echoed these sentiments and explained that Savy wasn’t in the right position for investment just yet. He was out. Fellow Sharks Robert Herjavec, Lori Greiner, and Daymond John quickly followed. Savy left the Shark Tank without a deal, but Shidham received plenty of personal advice from the Sharks.
Post source: The List
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