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Why Business Valuations are not as simple as One Formula Fits all

Why Business Valuations are not as simple as One Formula Fits all

Dallas Robinson and Mike Buonomo of Kisstix were the first pair up on Shark Tank.  They were on the show to pitch their product which is a mix and match lip balm that creates a fun tingly flavor experience for kissing couples. Dallas Robinson and Mike Buonomo were asking for a $1,000,000 valuation for Kisstix by offering 20% equity for $200,000. Given that Gross Revenues were about $80,000 Kevin O’Leary asked how Dallas Robinson and Mike Buonomo  came up with their … Read entire article »

Filed under: Business Tips, Business Valuation