One pitch was from a company that manufactured submarine products. When they pitched the deal to the Dragons, the Dragons were less than forgiving.
My friend was outraged when all of the Dragons dropped out, leaving the pitchers with nothing. My friend said, "Damn that makes me angry! Why would they do that to them. They have such a great product, and the Dragons could make a lot of money from it!!"
My friend was right, they did have a great product. But, the Dragons aren't in the business of buying products. They invest in businesses... the submarine guys had no business model... didn't even understand how to drive the business further. They had some sales, and thought that was enough.
A business is so much more than just making a product and selling it, and the Dragons know that. Now, so does my friend. :)
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