DENVER BUSINESS JOURNAL - A Silicon Valley venture investor said he couldn’t let a good deal walk out the door, so he financed a Broomfield boy’s lemonade stand.
Chris Sacca -- whose venture fund has invested in companies like Twitter Inc., Uber Technologies Inc. and Kickstarter -- has financially backed Jack’s Stands and Marketplace – a venture launched two years ago by then-8-year old Jack Bonneau of Broomfiled. He's now 10.
Jack, with his father Steve Bonneau, made a pitch Friday on the ABC reality TV show Shark Tank, when Sacca was a guest “Shark.”
Jack started a lemonade stand at a farmer's market, and has grown his business into five locations with an expanded concept of a marketplace to showcase other young entrepreneurs' products.
He was looking for $50,000 in exchange for 10 percent equity in his company.
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