Him: Dad, I need some money.
Me: Oh? For what?
Him: I'm starting a business. I need an investment.
Me: 👀
Him: Me and three friends. We each get 25%
1/
Him: Snacks. We're going to sell snacks in school.
Me: That doesn't--
Him: We can make good money. We just need some start-up money.
Me: What are you going to do with this money?
Him: Inventory. We need inventory.
2/
Him: Gummy worms. Other stuff.
Me: This doesn't sound like a great idea.
Him: Why?! You can make a fortune selling snacks at lunch!
Me: Yeah, so you sell a few gummy worms. You guys make a little money. Everything's great...
3/
Him: 👀
Me: I'm just saying.
Him: So, is that a yes or a no?
Me: I'm going to need to see your financials.
4/
Me: If you want me to come in with an angel round - some venture capital - I'm going to need to see the numbers
Him: 👀
Me: What do you need to get started?
Him: 👀
Me: How are you going to scale this thing?
Him: Franchises
Me: 👀
5/
Me: I'm listening. Leverage. Recurring revenue.
Him: So...?
Me: Talk with your partners. Get me a business plan with real numbers.
I gave him a week. We'll see what Shark Tank, Jr. comes back with...