Saturday, October 8, 2022

Worst investment ever on Shark Tank?

Mark Cuban claims this was his worst investment ever. 
Charles Yim created a breathalyzer app "Breathometer" that the sharks invested in. "Yim became the first "Shark Tank" entrepreneur to pull in all five Sharks into a joint investment [of] $1 million investment for a 30% stake, which valued Yim's company at $3.3 million." 

He was soon seen partying it up on the TV show "Below Deck" which he claims distorted the truth of their behavior. 

Not surprisingly, the company went out of business. Yim was always partying, and a complaint by the FTC that the device wasn't accurate forced them to refund all their customers. https://www.cnbc.com/2022/07/22/mark-cuban-worst-shark-tank-investment-ever-was-breathometer.html

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