A founder pitches a portable lighting product with 8-hour battery life. An investor immediately challenges the $3.1 million valuation, counters with $250k at $6 million, then the founder asks for $750k for 20% equity instead. The whole negotiation takes under 20 seconds.
It's an elegant lighting solution that gives you the freedom to experience beautiful lighting wherever you are.
So, Max, it's obviously battery-operated. How long do the batteries last? So, 8 hours is enough power to last you overnight. It's rechargeable through micro USB. You're basically valuing your business at $3.1 million. What if I valued it at $6 million? I'm gonna give you the $250,000, and you're gonna pay it back to me until I double my money. You'll pay me $7 a unit until I get $500,000 back. Then that goes away in perpetuity. It's gone. And I'll have a 4% ownership in the company. The other guys are brain-dead here. I don't know how to do this.
So I'm gonna give you an offer, $750,000 for 20%, and we can start off with a $10 million line of credit.
Interesting. I'll slightly modify my offer to $350,000 for 10%. Robert, you got a deal. Thank you.
