Reality TV is a totally different animal than the infomercial world.
Nothing turns off an investor more than when an entrepreneur comes in with a ridiculous valuation.
I understand that finance can be very complex.
When I was starting out, being a young entrepreneur was not fashionable. Parents would ask, 'When are you going to get a real job?'
By definition startups usually do not turn a profit.
You only stay in front by coming up with ideas your new competitors haven't thought of yet.