With Shark Tank now in its fifth season on ABC, it is time to recognize and honor the appeal and genuine theatre of this show, and the spotlight it has put on young entrepreneurial companies seeking capital to fund their dreams. The companies that appear on Shark Tank pay a fee of $10,000 for TV exposure and their 3-5 minute presentation before the Sharks… By my observation, 25-30% of the presenters get the funding requested; and many walk away with no money, along with bruised egos and wilted confidences. Rarely do the sharks offer strong meaningful takeaway messages to the entrepreneurs. The interplay between the sharks is often out of line and not constructive. If one or more sharks does decide to fund a presenter, I suspect that the benefits of money and advice is most valuable; but they are stretched very thinly, and their real value is unknown.
The Gathering of Angels is quite different; and once the presentation fee is paid in advance, coaching and counseling begin with review and critique of the executive summary and PowerPoint presentation, advice on the offering to the Angels, and assistance in deal structure. Valuation of the business is also included in the package and is critical to proper pricing of the offering. Presenters on Shark Tank do not get the prep and polishing of their presentation that GOA affords. All presenters at GOA get sage advice from 3-5 Angels during the practice sessions from 2-5pm the day of the GOA event and assistance in follow up after the event.
GOA presenters also get evaluation sheets from all Angels in attendance and are graded from 1-10, based on understanding the business model, management team, financials, and exit strategy.
It is my opinion after managing GOA for over 19 years that Gathering of Angels is a more thorough investment process, and it has now found capital for over 385+ young companies seeking seed and early stage capital. If you are seeking capital, your contact with GOA is welcomed and encouraged by our website at www.gatheringofangels.com