CULVER CITY, Calif. — The investors on business pitch show “Shark Tank” have roundly rejected a pitch for what a group of ordained Adventist pastors called “An Adventist Boarding Academy.”
Billionaire investor Mark Cuban pointed out that the pastors’ strategy of charging an arm and a leg for a less-than-robust academic environment was likely to backfire even if the school did have amazing vespers programming.
FUBU founder Daymond John told the pastors that their idea of making up any and all financial losses by importing English Language students from China was a short-term strategy at best as it did not increase student enrollment from constituent families.
Inventor Lori Greiner dismissed the boarding academy idea as “so last century” after the pastors explained that the school would be located in the middle of nowhere and hoped to attract students from suburban Adventist families living hundreds of miles away that don’t want to send their kids to the wilderness for an education.
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