The Bear & The Rat - Cool Treats For Dogs
On Shark Tank Show Episode #407
The Bear & The Rat is exactly that, a frozen ice cream treat to spoil your dog. Matt & Meg Meyer are proud owners of two dogs. One Dog's name is Bear and the little one is Rat. Combine the two and you have an unforgettable name of their new product.
Matt & Meg Meyer came into The Shark Tank looking for $125k for a 20% stake in the cool treats valuing their business at $625k. Everyone knows those Sharks do not like high valuations unless you have a lot to back it up. It's a mistake many entrepreneurs have made in past episodes, and yet it still seems to happen again and again on almost every show. The Sharks not only bring the much needed capital to the table but more importantly they bring the contacts and the ability to get your idea/product to the masses in record time. Some contestants IMO would be way better off just to ask for a dollar for a piece of the company just to get the Sharks into the deal.
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