Event, Event of HuePress
HUEPRESS RECEIVED DISBURSEMENT OF 100K DOLLARS FROM SHARK TUE LAM
HUEPRESS RECEIVED 100K DOLLARS IN DISBURSEMENT TO ACCOUNT – TEAM SHARK TUE LAM
HUEPRESS BECAME THE NEXT STARTUP TO RECEIVE INVESTMENT AND DISBURSEMENT
HuePress officially received investment from shark Tue Lam
- Shark Tue Lam officially poured 100,000 USD into HuePress, a startup that provides myHue lighting equipment and smart lighting control systems for buildings, LiFi Home smarthome apartments, and LiFi city smart urban areas.
- As the second deal to appear in the first Shark Tank show of season 6, HuePress received an investment offer of 200,000 USD from Shark Tue Lam and Shark Erik with a commitment to achieve a revenue of 200,000 USD after 12 months of receipt. invested capital.
- Being an investor in the technology field and highly appreciating “tech founder”, Shark Tue Lam expressed his interest and quickly closed the deal with shark Erik. This is also her first deal in Shark Tank season 6.
- Immediately after closing the deal, Shark Tue Lam discussed with the HuePress team, carried out appraisal, completed negotiations and disbursed funds within 2 months.
How do you feel after HuePress received an investment of 100 thousand USD from Shark Tue Lam?
Emotions are truly like wild wolves finding a pack! The team is mostly focused on technology, fighting alone, doing groundbreaking things and having great ambitions; But the risks will be the same. Therefore, having a companion investor has helped the Team relieve a lot psychologically.
How does the appraisal process between HuePress and Shark Tue Lam take place? Does preparing business documents take a lot of time?
The appraisal is also quite quick and simplified, because shark Tue Lam understands that this is HuePress’s first round of capital calling. Documents that are incomplete and unclear due to HuePress’s limited expertise are also ignored.
In addition to the team’s existing set of documents, a streamlined document on product and revenue orientation helped HuePress complete the appraisal file quickly.
