ENTREPRENEUR: Michael Levin
PITCH: Business Ghost
ASKING FOR: $200k for a 10% stake
BEST PART OF THE PITCH: Michael is a top-selling author, yet no one has ever heard of him. That's because he's a ghost writer. He helps people tell their stories from behind the scenes. If people come to him with a story, his team will organize it, write it, design it, publish it and market it. He has a crew of eight writers. They can charge up to $75,000 per client which includes a run of the book. They are grossing about $700,000 this year.
DO THE SHARKS BITE? Kevin says Michael is achieving what every writer never gets: profitability. But he doesn't know if this will be a supremely-profitable business. He's out. Robert is, too. Barbara feels that Michael may be looking for someone else to run his business because he's tired of it. She's out. Daymond believes that if he invested in this business that getting his money back will end up being a mystery book. He's out. Mark worries about the future of publishing books in general. He's out. End of story.
WANT TO KNOW MORE: Visit http://www.businessghost.com/main/