Should future seasons of STI select a better ratio of first time founders to founders from family owned business background
Slight edit to post title - Should future seasons of STI select a better ratio of founders from no business background to founders from family owned business background
My belief in ST is better access to capital. Its a platform for people who don't have the means to raise capital from traditional funding means(venture capital etc)
So when I am seeing pitches where founders are from business background my first thought is always another pitch who can easily get capital yet they are on ST.
I understand that every founder has a right to apply to the show. Whether their intention is plain marketing or genuine need for capital. But ultimately its the STI team that is selecting from audition pitches. Ofcourse they will optimise these selections in such a way that will generate more eyeballs on the show but there has to be a good formula here that can balance both - entertaining pitches + founders who are ssly looking to raise money/dont come from business families etc
I ssly hope in future seasons we see more founders who are raising for capital for the first time or those who are not from business families
You will see a stark contrast in this context with Shark tank US. Majority of the founders there are children of immigrants who have struggled hard to reach where they are, there is a good diverse set of the founders with diverse backgrounds. Hardly you will see any pitches with family business history