When is a handshake deal not a deal? When it's on national TV.
On the ABC show "Shark Tank" earlier this month, a young, first-time entrepreneur, Megan Cummins, successfully pitched the panel of five "sharks" to raise money for her company, You Smell Soap. It's safe to say that the sharks liked her moxie. Cummins turned down offers from Mark Cuban and Barbara Corcoran, and took the deal from Canadian software mogul Robert Herjavec: $55,000 for 20 percent of her company, with a $50,000 kicker as her "salary" for the … Read more