West Texas Investors Club: Difference between revisions
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[[File:WTIC Jack and sauces.png|right|240px|thumb|Jack displaying his sauces to the investors.]] | [[File:WTIC Jack and sauces.png|right|240px|thumb|Jack displaying his sauces to the investors.]] | ||
Jack wants $300,000 investment for 20% of the company, putting the total valuation at $1.5 million. Jack says his best year selling sauce was $106,000, and guesses that he made $35,000 in profit. The investors become upset that Jack is failing to answer basic business questions. Jack boasts that the sauce is sold in 150 Walmart stores on the West Coast, but the investors find this underwhelming as there are over 4000 Walmarts in the country. | Jack wants a $300,000 investment for 20% of the company, putting the total valuation at $1.5 million. Jack says his best year selling sauce was $106,000, and guesses that he made $35,000 in profit. The investors become upset that Jack is failing to answer basic business questions. Jack boasts that the sauce is sold in 150 Walmart stores on the West Coast, but the investors find this underwhelming as there are over 4000 Walmarts in the country. | ||
The [[Cooking with Jack (Youtube series)|''Cooking With Jack Show'']] is brought up as a marketing driver. Jack claims the show receives 1-1.5 million views and $3,000-$5,000 in revenue per month. As the investors show interest in possibly purchasing the show, Jack proclaims it is separate from the sauce company and therefore will not be negotiated for the deal, as "the cooking show is me and I'm not willing to sell a little percentage of me". The investors mock Jack's statement, and finally try The Best Barbeque Sauce, with Gilliam commenting that it is overly sweet. | The [[Cooking with Jack (Youtube series)|''Cooking With Jack Show'']] is brought up as a marketing driver. Jack claims the show receives 1-1.5 million views and $3,000-$5,000 in revenue per month. As the investors show interest in possibly purchasing the show, Jack proclaims it is separate from the sauce company and therefore will not be negotiated for the deal, as "the cooking show is me and I'm not willing to sell a little percentage of me". The investors mock Jack's statement, and finally try The Best Barbeque Sauce, with Gilliam commenting that it is overly sweet. | ||