Want to get funded? The reality isn’t like TV. You’re going to need a cap table.
We’ve all seen Shark Tank – the contestants go through elaborate preparations to quickly pitch television venture capitalists, attempt to make a deal, and get some buzz around their idea. One thing you don’t ever see is Mark Cuban asking to see well-managed cap table software and that’s where reality and TV start to separate. The saying goes, “there’s nothing real about reality TV” and there’s truth to that. While Shark Tank makes for good TV, the reality is some contestants secure financing and end up seeing their product in stores. Sometimes you even see the Sharks themselves doing commercials (can you believe Kevin O’Leary scrubbing a toilet!?).