Tuesday, August 1, 2017

This Md. startup lost out on Mark Cuban’s 'Shark Tank' investment. Now it's back with a new plan.

What happens when you can’t agree to terms with Mark Cuban? That was the million-dollar question last spring when the co-founders of Rockville-based Nexercise Inc. and creators of its Sworkit fitness app walked away from a deal with the “Shark Tank” investor and billionaire owner of the NBA’s Dallas Mavericks. It meant the entrepreneurs would proceed without Cuban’s partnership and original offer: $1.5 million for 10 percent ownership of the business, plus $1.5 million worth of the app’s…



from https://www.bizjournals.com/baltimore/news/2017/08/01/this-md-startup-lost-out-on-mark-cuban-s-shark.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/163673506967

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