Barbara Corcoran, a “shark” investor on the ABC television show, Shark Tank, recently appeared as a guest on Rich Dad Radio with host Robert Kiyosaki, best selling author (Rich Dad Poor Dad.) In this segment, Corcoran discusses what she’s looking for when investing in a new business.
So many people have a million-dollar idea but don’t have the money to make their idea a reality. Kiyosaki stresses that to be an entrepreneur a person must know how to raise capital.
Rich Dad contacted Corcoran about her investment in the company Grace and Lace (http://www.graceandlace.com) and owners Rick & Melissa Hinnant, who appeared on Shark Tank to pitch their line of lacey leg warmers. Corcoran not only fell in love with the couple but also the product. Rick & Melissa also appeared on Rich Dad Radio and explained how Corcoran was the perfect partner for their business. “Barbara is a phenomenal partner,” says Rick Hinnant. “We had a good cohesion before even talking to her.”
Kiyosaki asked Corcoran to explain why she turns certain entrepreneurs down. Corcoran explains, “If there is any mistrust, the pitch goes down from there.” She goes on to say, “I want a good person as a partner more than a good business.”
“I’ve intentionally invested in businesses where I didn’t like the business model, I didn’t think they were going to make money, it made no common sense, but I loved the entrepreneur,” says Corcoran.
Rich Dad Radio is distributed through local affiliates in Charlotte, Dallas, Bakersfield, Kansas City, Ventura, and Las Vegas, and the Rich Dad Radio Show can be heard any time on RichDad.com. Podcasts of the show are available on iTunes and Stitcher. The Rich Dad Radio app is available for download from the App Store.
About Rich Dad Operating Company
Best known as the author of Rich Dad Poor Dad-the #1 personal finance book of all time – Robert Kiyosaki has changed and challenged the way the tens of millions of people around the world think about money. His book title holds four of the top ten spots on Nielsen Bookscan List’s Lift-to-Date Sales from 2001-2008 alone. In addition, Robert has been featured on shows such as Larry King Live, Oprah, The Doctors, Bloomberg International Television and CNN. Visit richdad.com for more information.
Name: Mona Gambetta
Organization: Rich Dad
Source URL: http://www.prreach.com/pr/18487
Release ID: 85626