Kevin Harrington: Original Shark on Shark Tank Talks Small Cap Investing & Gold As Great Hedge
Kevin discusses how he became a Shark; he started in the early 1980’s by filling late night TV with infomercial type content. He would get pitched ideas at trade shows. Kevin looks for good concepts, where there is a clear path to growth, where someone is in a unique position to solve a problem. He likes when they have proven their customer acquisition costs so that he can focus on growing the business.
Kevin discusses crypto currencies, “I’ve watched the crypto space for awhile now, and I’ve watched it take off. It’s gone so high now that one wonders if there will be a ceiling. The good news is I made my money so far, and I think there are more conservative things on the horizon and perhaps gold is one of those.”
He discusses two companies that he has an interest. The first is LottoGopher (CSE:LOTO) which is similar to Uber and Airbnb. They purchase lottery tickets for you and manage your online account. Lotto’s are a multi-billion dollar business that tends to do well in any economic environment. The other company is BetterU Education Corp (CSE:BTRU) which plans to provide India with quality educational content. India has a billion plus people with a growing middle class, and there is a lot of untapped potential.
He says, “I’m in the business of selling direct to consumers. Currently, the industry is a very bullish. That’s my way of getting a pulse on the economy. It’s hard to predict the sustainability going forward.”