BusinessGhost Shark Tank Update | What Happened to BusinessGhost after Shark Tank?
What is BusinessGhost?
BusinessGhost is a company that helps successful individuals turn their personal stories into written works by providing ghostwriting services.
The company’s process allows clients to earn money, gain recognition and have control over their books like professional writers.
Michael Levin, the founder of BusinessGhost, is an experienced ghostwriter with a diverse portfolio.
Levin, who studied corporate law at Amherst College and Columbia Law School, switched to writing after realizing that a career in law was not for him. He now only works with a select group of clients.
Who is the founder of BusinessGhost?
Michael Levin, the founder of BusinessGhost, is a successful ghostwriter with a significant portfolio.
He pursued his passion for writing by publishing three novels with Simon & Schuster at the age of 32, showcasing his writing skills.
Despite struggling financially as a young artist in Boston, Levin found a mentor in a wealthy restaurant owner who advised him to offer private writing sessions at $150 per student.
This led to an increase in the number of students and classes. He also taught writing at UCLA and New York University, where he ghostwrote works for some of his students.
In 1994, he established BusinessGhost, a ghostwriting agency catering to financial tycoons and other businesses. The agency now has a large staff and a steady stream of clients, with impressive sales.
What Happened to BusinessGhost at Shark Tank pitch?
In episode 310 of Shark Tank, author Michael Levin presents his startup, Business Ghost, a ghost-writing service for CEOs, athletes and celebrities.
He seeks a $200,000 investment for a 10% stake in his company, which is valued at $2 million. His goal is to become the leading provider of ghost-written novels in the US.
The Sharks, however, have doubts about the potential for growth and profitability in the current publishing market and ultimately, none of them make an offer. Levin leaves the pitch without a deal.
What Happened to BusinessGhost after Shark Tank?
Levin later said that appearing on Shark Tank helped him see his business in a new light.
The Sharks’ questioning made him realize that he was already a successful businessman and that BusinessGhost was more than just a hobby.
The website is now fully operational, and the firm continues to help CEOs and celebrities write their memoirs and develop business strategies.
In 2016, the firm was acquired by Advantage Media/Forbes Books for an undisclosed amount.
Competitors of BusinessGhost
BusinessGhost has several key rivals in the market, including Girl Friday Productions, estocada, Integrity Business Consulting, ChaseSmith Press, and Chrysalis Editorial.
Net Worth of BusinessGhost
The company was valued at $2 million during and after the pitch, but it has since been acquired and its current net worth is not known.
BusinessGhost FAQs
What is BusinessGhost?
BusinessGhost is a literary agency, providing creative writing services for companies. Its offers ghostwriting services, publishing assistance and cross-promotional opportunities.
Who is the founder?
Michael Levin is the founder of BusinessGhost. He has been a ghostwriter for publishers, celebrities and CEOs.
How much was seeking on Shark Tank?
Levin was seeking for $200,000 for a 10% stake of the company.
Did he have the deal?
He did not have any deal.
Is BusinessGhost still in business?
Yes, BusinessGhost is still in business, after leaving the shark tank, Mr. Levin is no longer with the company. However, it was acquired by Advantage Media/Forbes Books in 2016 and he may be involved in some way.
Where is BusinessGhost located?
BusinessGhost is based in Glendale, California.
What was the target market of BusinessGhost?
The targeted market was small business owners and CEOs. The idea of offering ghostwriting services to small businesses would help them to improve their marketing efforts.
How does BusinessGhost works?
BusinessGhost offers ghostwriting services for CEOs and business owners interested in publishing their books, as well as memoirs or other publications that focus on business related topics. They also publish book content from clients as part of a cross-promotional opportunity.
What is the mission statement of BusinessGhost?
The mission statement of BusinessGhost is to help companies in communicating their message through effective storytelling. The company offers a range of ghostwriting services to help companies articulate their value propositions, market position and vision for the future.
How long has the company been running?
The company has been running since 1994.
Who is BusinessGhost CEO/Founder?
Michael Levin is the founder and CEO of BusinessGhost.
What are BusinessGhost Credentials?
The firm has won several awards, including the Davey Award for being one of the top hundred consumer decision makers in 1996, 1997 and 1998.
How does BusinessGhost make money?
The firm makes money through offering ghostwriting services to customers, in addition to publishing their books. A percentage of the book sales are shared with the author and the company.
How is the business model of BusinessGhost?
The business model of BusinessGhost is a split commission model. The company retains a commission equal to the percentage of sales, while the author gets his or her royalties.
What is the net worth of Michael Levin?
The net worth of Michael Levin is estimated at $10 million.