BobblePlace

Todays episode of SharkTank we watched some guy try to pitch an idea for having a kiosk in different stores and malls which would create Bobble Heads of people by using a picture of them.  The guy that was pitching the idea had another part of the business that was all online and was doing great success, but he did not want to give up any part of that pre-existing business and only wanted to give up part of new business that he was starting.   The sharks where not happy about that and wanted part of the sucessful business and part of the new one incase the new one doesnt go good.  Of course the owner of the BobbleHead business did not like that and declined the offer.

 If it was me that was giving him the money i would not take the risk of giving him the money unless he was willing to give me part of the pre-existing business. The reason for this is because if the new business he is starting doesnt go good then i would loose my money, but if i had part of the pre-existing business i would still have that as a back up.