wombi rose shark tank lovepop

Wombi Rose, cofounder of LovePop, successfully earned an investment deal on “Shark Tank” in 2015.
He spoke with Business Insider about how he and his business partner prepared for their big pitch, and his advice is relevant for any budding entrepreneur.
He said knowing the financial details of his company inside and out was most important.

In the nine years “Shark Tank” has been on the air, we’ve seen hundreds of hopeful entrepreneurs pitch their ideas in front of a panel of celebrity investors, only for a fraction of them to actually land a coveted business deal.

But before they get an offer from the likes of Mark Cuban, Barbara Corcoran, Daymond John, or Kevin O’Leary, contestants on the show need to nail the sales pitch of their lives.

Wombi Rose and John Wise did exactly that on a 2015 episode of “Shark Tank” when they convinced Kevin O’Leary to invest in their pop-up greeting card company Lovepop. Three years later, their company has mushroomed from six employees to more than 1,000 worldwide.

Rose recently told Business Insider how he and his business partner prepared for “Shark Tank,” and his advice is relevant for anyone preparing for a big pitch.

“We probably watched almost every episode of ‘Shark Tank’ in preparing. I think it’s a really good way to understand what kinds of questions we would be asked and how we needed to prepare,” Rose told Business Insider.

“We made sure that we knew who was going to answer which questions so that we wouldn’t be nervous in the moment, trying to come up with answers — we had already thought about what we were going to be asked.”

Rose said he and Wise noticed that in previous episodes, entrepreneurs often got tripped up on financial questions on details like their company’s …read more

Source:: Business Insider

      

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