Having a good business idea isn't enough to make money. You also need the means to execute it. Last night, inventor Lisa Lloyd showed up on ABC's Shark Tank a nervous wreck: sleepless, mortgaged to the brink of disaster, and unable to meet the demands of her business without some quick capital. Banks were of no use. She needed the investment, and the know-how, that comes from the Sharks.
She got it. Or at least, she got the promise of it, and today, she looks a lot happier to know that she won't have to shoulder the burden of the day-to-day operations of her business for much longer. Barbara Corcoran and Daymond John promised to make her "filthy rich" by taking over the back-office demands of her manufacturing, and soon she can go back to what she does best: inventing.
For our AfterShark series, WalletPop's Jason Cochran snagged Lloyd for her first post-show interview on the morning after her big Hail Mary pass. She tells us where her invention stands now, and she hints that although some people may have brilliant ideas, not all of them are cut out to make dreams come true without help.
Read our recap of the entire episode by clicking here, and to watch all of our AfterShark video interviews, including chat with all five Sharks, head over to our AfterShark home page at www.dailyfinance.com/after-shark-tank.
Investing in Startups
The lucrative and risky world of startups.View Course »