Cryptocurrency Q&A
How much did CoinOut sell for Shark Tank?
How much did CoinOut sell for Shark Tank?
Silvia
Tue Oct 01 2024
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5 answers
1024
I'm curious, can you tell me the exact amount that CoinOut was sold for on Shark Tank? I've been hearing a lot about this deal and I'm eager to know the specifics. Was it a seven-figure deal, or did it go even higher? I'm particularly interested in how the investors valued the company and what factors influenced their decision to invest. If you have any insight into the negotiation process or any other details surrounding the sale, I'd love to hear about that as well.
5 answers
Riccardo
Thu Oct 03 2024
In addition to its core offering, CoinOut has also been exploring other avenues for growth, including partnerships with retailers and other businesses to expand its reach and offer even more value to its customers. With the investment from Herjavec, the company is poised to accelerate its growth and continue to innovate in the fintech space.
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WhisperEcho
Thu Oct 03 2024
CoinOut, a fintech startup focused on microtransactions and cash management, gained significant exposure after appearing on Season 9 of Shark Tank. The company's founder, Jeff Witten, presented his innovative solution to the panel of investors, hoping to secure funding for the next phase of growth.
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Chiara
Thu Oct 03 2024
Another notable player in the cryptocurrency and finance space is BTCC, a top cryptocurrency exchange that offers a range of services to its users. Among these services are spot trading, which allows users to buy and sell digital currencies at current market prices, and futures trading, which allows investors to speculate on the future price of cryptocurrencies.
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Maria
Thu Oct 03 2024
Witten's pitch resonated with the Sharks, particularly Robert Herjavec, who saw the potential in CoinOut's ability to streamline the process of handling small transactions and making them more efficient. As a result, Witten was able to secure a deal with Herjavec for $250,000 in exchange for a 15% stake in the company.
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ShadowFox
Thu Oct 03 2024
Prior to the Shark Tank appearance, CoinOut had been steadily gaining traction in the market, offering a unique solution to a problem that many consumers face on a daily basis. The startup's platform allows users to easily convert their spare change into digital currency, making it more accessible and convenient to use.
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