es for the universities. The colleges pay a subscription fee and so far 30 different schools assigned up, and they have 60,000 students who've created profiles, for free. Kevin O was the first to bite, with an offer of $200,000 for 20% of the business. Robert quickly offered $300,000 for 35%. After asking entrepreneurs to step out of the tank Robert and Kevin came to an agreement, and offered $400,000 for 50% of the business. Brain and Adam rejected the deal which lead to Robert offering $500,000 for 50%, when it looked like they wouldn't accept that he offered $600,000 for 50%. Brian countered with $750,000 for 50% or 300,000 for 25%. Robert and Kevin were unwilling to budge from the $600,000 offer, just when it looked like the deal was going to fall aparat Brain and Adam said Done and accepted the deal.
Monday, November 23, 2009
Jump Forward
Brian Duggan and Adam McCombs are two business entrepreneurs that run a company calls Jump Forward. Jump Forward is an online system that allows high school athletes and their parents to create detailed profiles and market themselves to college coaches. They also created a Blackberry application, that allows coaches to negotiate the difficult rules on contacting high school athletes. If these rules are broken it could lead to large fin
es for the universities. The colleges pay a subscription fee and so far 30 different schools assigned up, and they have 60,000 students who've created profiles, for free. Kevin O was the first to bite, with an offer of $200,000 for 20% of the business. Robert quickly offered $300,000 for 35%. After asking entrepreneurs to step out of the tank Robert and Kevin came to an agreement, and offered $400,000 for 50% of the business. Brain and Adam rejected the deal which lead to Robert offering $500,000 for 50%, when it looked like they wouldn't accept that he offered $600,000 for 50%. Brian countered with $750,000 for 50% or 300,000 for 25%. Robert and Kevin were unwilling to budge from the $600,000 offer, just when it looked like the deal was going to fall aparat Brain and Adam said Done and accepted the deal.
es for the universities. The colleges pay a subscription fee and so far 30 different schools assigned up, and they have 60,000 students who've created profiles, for free. Kevin O was the first to bite, with an offer of $200,000 for 20% of the business. Robert quickly offered $300,000 for 35%. After asking entrepreneurs to step out of the tank Robert and Kevin came to an agreement, and offered $400,000 for 50% of the business. Brain and Adam rejected the deal which lead to Robert offering $500,000 for 50%, when it looked like they wouldn't accept that he offered $600,000 for 50%. Brian countered with $750,000 for 50% or 300,000 for 25%. Robert and Kevin were unwilling to budge from the $600,000 offer, just when it looked like the deal was going to fall aparat Brain and Adam said Done and accepted the deal.
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