Shark Tank: Greg Norman has started a small-business investment fund
Golf Biz

Shark Tank: Greg Norman has started a small-business investment fund

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Greg Norman may want to invest in your small(-ish) business, and the reactionary pun is pretty obvious.

However, the two-time major winner has started the Great White Shark Opportunity Fund, a $75 million fund which aims to supply small business with capital in the form of secured debt. Businesses with less than $25 million in revenue -- that's small?! -- could receive anywhere from $1 million to $10 million.

Norman's fund will go after publicly traded and wholly private businesses with "quality tangible assets, business plans that are defensible and management teams that have a solid operating history."  Start-ups, venture capital-chasing companies and businesses unlikely to turn a profit will not be targeted.

The good news for Golf News Net is that it is profitable and definitely has less than $25 million in revenue. Call me, maybe?

Via CNBC.com

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Ryan Ballengee

Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for nearly 20 years. Ballengee lives in the Washington, D.C. area with his family. He is currently a +2.6 USGA handicap, and he has covered dozens of major championships and professional golf tournaments. He likes writing about golf and making it more accessible by answering the complex questions fans have about the pro game or who want to understand how to play golf better.

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