Originally
posted by
Hellrush:
They buy part ownship. Selling part ownship is stupid. even with 1% the can offer you 1m dollars to buy out the full thing. If you dont match it within 30 days they own the business. They all have the money to do it. Shark Tank is USA not Canada. Dragons Den is Canada.
Uhh, no. Only if your terms are written that way, though I've never seen any like that.
And if all you have is a plan you need to be pitching to friends, family, or fools, no one is going to loan you cash with no collateral. You should be building it up first, make it actually worth something then look for a loan, but even then you'd more than likely be putting the business as collateral.