Kevin O'Leary. What's New with Mr. Wonderful. Episode 609 with The Real Brad Lea (TRBL)
Dropping Bombs
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The Advantages of Shark Tank
Kevin O'Leary: Most companies in america fail eight out of ten fail in the first three years for one reason They're never able to get their customer acquisition cost Below the lifetime value of the customer a fancy way of saying they go bankrupt advertising. When you get on shark tank you get millions of people seeing your product the first time the night at a risk But then another hundred million eyeballs in syndication your customer acquisition cost sometimes goes to zero And so it's a huge advantage So if you're gonna pitch me something that should be on shark tank get on Shark tank because I'd much rather buy it there Where I get the advantage of the platform. That's the secret sauce of
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