A 'Preset Valuation' Places The Dragons In IMPOSSIBLE Position! | Dragons' Den

[@meiermeier29]

Peter threw them a lifeline with “what would you accept?” and they STILL didn’t counter.

[@rickysmyth]

I was expecting Peter to say something like 40%. I can't believe they turned down 20% he was being very generous

[@wongpaksum]

I exactly thought the same, thought he would say 40%, and they didn't even come back with any counter-offers.

[@davidwhite4874]

@@wongpaksum They were correct not to. It's now a multi million pound business.

[@wongpaksum]

@@davidwhite4874 I agree, either 40% or 20% at early stage of business is too much and let greedy businessmen take advantage of you

[@psychopeoples4384]

@@davidwhite4874 they're in negative 12100£ now, they got nothing 🙂

[@JimmyHey]

@@davidwhite4874 Bro, your information is pretty outdated. "One Third Stories is now worth £2.64million - EIGHT times the amount Peter Jones valued it at. -06.02.2018" Looking at their company from a year later in 2019 their net worth dropped into -£147,725.00 when it was £172,240.00 in the positives in 2018. Their liabilities were around £250,061.00 while their assets only contained £97,695.00. It seems like they hit a spike in popularity, couldn't keep it going and failed miserably, if I'm not mistaken.

[@q8420]

Jenny in multiple languages: Afrikaans: ek is uit Arabic: أنا بالخارج Azerbaijani: Mən yoxam Belarusian: Я выходжу Bulgarian: навън съм Bengali: আমি আর নেই Bosnian: vani sam Catalan: estic fora Cebuano: Nigawas ko Czech: Jsem venku Welsh: Rydw i allan Danish: jeg er ude German: ich bin raus Greek: είμαι εκτός Spanish: estoy fuera Estonian: ma olen väljas Basque: Kanpora nago Persian: من بیرونم Finnish: Olen poissa French: je suis dehors Irish: Tá mé amach Galician: estou fóra Gujarati: હું બહાર છું Hausa: Ina fita Hindi: मैं बाहर हूँ Croatian: vani sam Haitian Creole: mwen deyò Hungarian: kiestem Armenian: դուրս եմ գալիս Indonesian: saya keluar Igbo: Ana m apụ Icelandic: Ég er úti Italian: sono fuori Hebrew: אני בחוץ Japanese: 出ました Javanese: aku metu Georgian: გავედი Kazakh: Мен шықтым Khmer: ខ្ញុំ​ចេញ Kannada: ನಾನು ಹೊರಟೆ Korean: 나 나갔어 Lao: ຂ້ອຍ​ບໍ່​ເອົາ​ນໍາ Lithuanian: aš išeinu Latvian: Esmu ārā Malagasy: Mivoaka aho Maori: Kua puta ahau Macedonian: надвор сум Malayalam: ഞാൻ പുറത്താണ് Mongolian: би гарлаа Marathi: मी बाहेर आहे Malay: Saya keluar Maltese: Jien barra Myanmar (Burmese): ငါထွက်ပြီ Nepali: म बाहिर छु Dutch: ik ben weg Norwegian: jeg er ute Chichewa: Ndatuluka Punjabi: ਮੈਂ ਬਾਹਰ ਹਾਂ Polish: Wychodzę Portuguese: estou fora Romanian: am iesit Russian: я выхожу Sinhala: මම එළියේ Slovak: Som von Slovenian: zunaj sem Somali: Waan baxay Albanian: jam jasht Serbian: Излазим Sesotho: Ke kantle Sundanese: Abdi kaluar Swedish: jag är ute Swahili: Niko nje Tamil: நான் வெளியே இருக்கிறேன் Telugu: నేను అవుట్ అయ్యాను Tajik: Ман баромадаам Thai: ฉันออกไป Filipino: Nasa labas na ako Turkish: Ben yokum Ukrainian: мене немає, я вийшов Urdu: میں نکل پڑاہوں Uzbek: Men tashqaridaman Vietnamese: Tôi ra ngoài Yiddish: איך בין ארויס Yoruba: Mo ti jade Chinese: 我出去了 Chinese (Traditional): 我出去了 Zulu: ngiphumile

[@mrsurprise2294]

Wow you used google translate for all of that, that is dedication

[@danielw9949]

Was that really worth it lmao

[@jakescomicreviewsuperheros3514]

Respect

[@majesticblue92]

Like for the effort mate

[@Locutus]

You should be on Dragon's Den. I'm sure you will be richer than Peter and Deborah together!

[@lancecamus]

That final blow by Peter, they’ll regret not taking up his offer. Language enthusiast and father of five, he would have easily understood the needs of the business from a consumer level

[@Soulflare3]

What surprised me is he's telling them if 20% is too high then to negotiate, and they don't even try

[@jhock9171]

Really, 20% is incredibly reasonable for where their business is at. It amazes me the hubris they must've had in order not to see how easily their business could completely crumble and to reject the help they likely would need to sustain themselves going forward. Or perhaps they weren't really in it for the longterm and had plans to move on to their next idea once they generated enough revenue from this.

[@lancecamus]

Peter even hinted he’d be willing to further invest in the business when the time came. The entrepreneurs were so focused on their tiny equity offer that they couldn’t see his genuine interest.

[@jamesnorthcote3718]

To be fair, they have been incredibly successful. The business is now valued at 2.6 million

[@tommytoner5374]

After Peter tells them he has enough money to support any additional finances they still refuse his offer. Uneblieivable! "Greed is the fastest way to the poor house" Peter was right. "Big mistake"

[@iamlegend68]

People on this show should never forget that owning 50% of something that could be worth millions with a Dragon is far better than holding onto 95% of nothing

[@Ludak021]

Well, if ~200K is nothing, without even a single share given, you are correct

[@ryanjames3260]

Well said

[@jackjackthompson5771]

Greed..

[@artbey3014]

In 2019 Net Worth: -£147,725.00, that's a bit less than nothing...

[@DaisyGeekyTransGirl]

I partially agree. Since it is two people, I'd say a third should be the maximum for a Dragon tho.

[@Bellpipe41]

When Peter offered it all for 20%, I thought “You lucky bastards!”. Can’t believe they wouldn’t go for that, let alone a counter offer.

[@freen773]

Figured he at least wanted 30

[@Bellpipe41]

Me too. I thought he’d ask for way more.

[@mrknarf4438]

They had received around 500k in funding in March 2018, according to Crunchbase. Selling 20% for 60k seems like a poor investment.

[@litigioussociety4249]

@@mrknarf4438 They stated they were there for the dragon not the money when asked about 150K. They obviously don't know the value of a dragon.

[@jrbs]

Bloody morons

[@ShopSongs]

Narrator: Peter Jones would like to know how many repeat customers they have Peter Jones: I would like to know how many repeat customers you have

[@thedunyadoneya2628]

I echo "Just thoughts really", its an observant comment.

[@avi7278]

@@pocketman5510 breaks perfect comment chain with the poorly formed interrogative sentence of a foreigner. Let's see if the next commenter can keep this glorious chain alive with proper English. What thou art sayeth onto us?

[@leoa4c]

hahaha.... the narration is totally unnecessary at times. I loved how the narrator pronounced "non, merci". "No mere see"!

[@victorrus01]

@@leoa4c making fun of narrator, just like I was doing inside my own head. Story continues...

[@SirPeterlll]

It looks like the comment section would like to see more comments, lets find out if the commenters feel the same way.

[@S7EVE_P]

Did they not hear what Peter was offering ?? ??? ??? Basically give me 20% and you wont need to do another round of fundraising... Shocking !!

[@jrbs]

They had no concept of Peter other than, he was providing a bit of cash in the same way as the crown funding goons!

[@positronicfeed]

Touker's face mirrored mine during that "negotiation" after Peter made his offer. Guys: We can't accept. We'll need more money. Peter: I don't want to be diluted so I'll put in more money. Guys: We can't accept. We'll need more money. Everyone Else: ????????????????????

[@attain.assets]

hahahaha on point

[@woody41165]

Yeah I was a little surprised at that and was thinking ?????????????

[@dave101t]

need more money. have £150k in the bank. no patents. wow.

[@DivineCrawd]

Touker’s face represented everybody who watched this video. I would have snapped that deal up, especially from Peter “give me 70% of the business “ Jones

[@overscoreSX]

I think its because when Peter puts more money in it... hes going to ask for even more equity. So Peter owning 20% of the business is just the start. If they didnt need to fund-raise anymore I think they would be okay with an investor like Peter owning 20%.

[@slyfox3460]

narrator: “Deborah is out, but is Jenny Campbell prepared to invest?” me: *laughs so hard i throw up*

[@paullambert8701]

This episode must have been filmed on April Fool's Day.

[@FahadAyaz]

🤣

[@elastronaute1198]

Jenny invests as much as any other dragon

[@kuling12345]

@@elastronaute1198 Hahahaha, best comment so far

[@lonewolf7379]

@@paullambert8701 😂😂😂😂 true

[@Kom7237]

The fact that they came in to a show that is known to have constant negotiations with a hard stuck offer is actually mind boggling to me.

[@eliasarriazola8979]

Maybe just looking for media exposure. But at what cost...

[@Tolu1994]

I guess they don't watch it

[@thesilenthero422]

They said straight up they want the PR exposure of getting a dragon on board

[@horusreloaded6387]

They criticized their valuation already, if they dont want to give above 7.5, so at most they could say %5 and they would rip into them for crazy valuation

[@ThePlugTurtle]

Mind boggling? They're getting free advertising on public television, sounds like a pretty great deal to me

[@mosestjen5267]

The face of the toucker when he was flabergasted is PRICELESS

[@user-dq2ym1nn9k]

I AM KILLING MYSELF LAUGHING

[@jrbs]

13:30

[@SuperNeil1]

Daffy Duck was harder to listen too! 😋

[@milesprower1010]

I'm sorry that valuation of priceless is ludicrous I'll offer you 60,000 pounds in exchange for 20% equity in Toucker's Facial Expressions

[@allenmmolina382]

"It's naïve, not greedy" - Jenny Campbell the most priceless quote from Dragons Den for me so far!

[@dasaleet]

I thought the exact same thing when I heard this.

[@yajurVeda]

It's a "priceless" Quote because Jenny is always out

[@kentpaul9165]

Looking at their filed accounts for 2019 their company is in bad shape, (This episode is from 2018), all that cash in the bank- "£150,000" is a gone, and basically net assets has gone from £210,000 in the black, to £-£121,000 (yes negative) a swing down of £300,000+ . I Imagine they must have nightmares rejecting the £60k - for 20% of a business selling books to 45 subscribers....

[@lieesarl6977]

Wow this's aweful man! No wonder their social media accounts lies inactive since june 2019! They missed such a great opportunity !! Damn it!!!!!!

[@TheKEEEEEeK]

@@lieesarl6977 yeah but wtf could peter do to help them anyway. If their books are good, they are good, if not, who will buy them whether dragons or not on board

[@truthfulwisdom3249]

Is not everyone that have Business brains. They are probably one of this University graduates that are book smart. Business smart no so.

[@zionsky7761]

@@TheKEEEEEeK they clearly had terrible advertising which he could have helped with among a lot of other things he's be interested in since he holds 20 percent of a business... He's going to want it to succeed.

[@Ryancoaching]

Joe 'Give Us Your Thoughts' Rogan you literally sound more dumb than these 2 lads in this episode with that comment.

[@Anna.T.]

Can’t believe what these guys did. You could tell Peter really wanted to invest even coming back to them and asking what offer they would accept which he normally never does. They should have been a bit smarter and seen the value he could have added and would have liked to add.

[@abdulah3178]

Really poor negotiators. Couldn’t even come back with a counter offer...

[@callum9999]

A good negotiator knows when it's futile...

[@benpotter6832]

@Tai Chi Tube If that was the case then I seriously doubt that they would still have £150,000 of investors cash still left in the bank...

[@FurySK]

Wasn't the point of their appearance imo. Several businesses aren't really going into these with reasonable valuations for what they have on purpose, and are in it because the advertisement only costs them the costs of the presentation and travel, which is minimal. inc online had an article about "Just how much Money is a 'shark tank' appearance worth". I'm sure it's at least somewhat similar in the UK or any other region where a similar model show is produced, looking it up will tell you the value of the appearance. 20% was about as unrealistic an ask if the 500k fundraiser previously was at the valuation it appears it was placed at, but 60k is a relatively puntable cash request for peter's initial investment, and if they were serious about the investment to begin with then they failed to realistically appreciate the additional investment peter was willing to put in without them requiring another fundraising round. Thus i believe they were not in to make a deal outside of their terms ever, or basically were not there in good faith.

[@jamesnorthcote3718]

Tai Chi Tube I mean their business has been successful. Extremely successful.

[@mma_library]

Jenny: "Different languages? I'm out." Touker: "What's Spanish for Office Space?"

[@SinkyYT]

espacio de oficina

[@clairvoyantmole8668]

Tej: "What's Spanish for 'building a brand'?"

[@ibrahimadan2437]

😂😂😂😂😂😂

[@victor-arnovisagie9356]

@@clairvoyantmole8668 hahahahhahaahhaha

[@AutonomyCentral]

More like "What's Spanish for "bed" and "one percent""?

[@AcidDaBomb]

The fact that Peteter OFFERED anything is crazy. When he said 20%% I was like "welll damn thats awesome"

[@RealityCheck6T9]

For sure. I'd give Peter Jones 20% of any idea I've had without thinking.

[@L3ON360Z]

I was expecting him to say 40%

[@alexc5656]

He was unusually generous, he was offering them an olive branch, they took the branch and crushed it with their boots, 😱 Ich Kann nicht verstehen

[@chrismoir1253]

Big mistake there

[@AP-sn6ro]

"We don't want people to know about it so we've come onto Dragons Dens which is watched by millions..."

[@sweeepzone5155]

No updates from their social medias since June 2019... Theses guys definitely regret their decision.

[@walkaman4396]

What's the page ?

[@kieranleblanc7435]

There are a million reasons why a business can fail - declining Peter Jones's offer wasn't necessarily the determinative one in this case.

[@SylvainOfGandahar]

Peter Jones was right - they committed a major error. Their company is still a niche project while major competitive outlets created similar products. They should have parted with 20% or at least settled for 15%. The chances to succeed with an internet-savvy investor would have been much higher.

[@RodrigoTechador]

He was right on his evaluation. He was was wrong on his German. _Ich kann nicht verstanden_ is so broken, one might imagine he didn't take more than a semester's worth in high school. 😜

[@jackjackthompson5771]

Yeah but he is trying to gauge them too, that’s how he makes money, plus they got the exposure and will likely get more interest as its a good idea with legs. They are all on the side of the money. You don’t need to sell out completely, that’s also a a loosing strategy. If they listened to everyone else, they wouldn’t be there to begin with.

[@tobymacdonald5893]

@@jackjackthompson5771 LMAOOO GUYS I FOUND ONE OF THE INCOMPETENT PITCHERS

[@monkeySkeptic]

I can’t imagine investing in this. There was essentially no historical revenue, there’s no barrier to entry, and no sign of consumer interest. Peter dodged a bullet.

[@cobblestonegenerator]

Advisory shares? What drugs were they smoking before they went in there?

[@tocc]

it started off as crack but by the end it was craque

[@DarrenJCalvert]

Basically 2 over confident individuals valuing the company far too high, in this one the dragons are spot on. And Peter offered a fair deal and their refusal shows arrogance

[@robertasliutas2903]

Exactly. Overconfident is a word I would use to discribe them. Especially the one with burgundy shirt.

[@nishantlama7876]

How on earth can you come to the den with absolutely no room for negotiation? Peter made a fair offer and had they kept a little wiggle room, he might have come down and made a deal. This was painful to watch.

[@gordonramsdale]

Honestly like they need to think about how willing someone wortht 400 million is going to be to actually helping you if he owns 7.5% of your business

[@kurostyx9124]

dudes just want publicity

[@RyanJames1611]

Touker looked more shocked than when someone offers for him to get out of bed for 1%

[@Skyr1m]

😂😂

[@albino5995]

Even after Peter suggested that he has the money to invest again, they didn’t even stop to think about it 🙈 it will hit them soon enough and they will realise they didn’t decline a dragon, they declined a whale!

[@azZRiii]

Hence the naivety as per Jenny mentioned .

[@epargnepension2262]

Yeah he was really in a good day but they were here only for advertising, let's be clear, it's unfortunately hard to spot this before the show :(

[@jb5273]

This was nothing but a marketing tactic. They never wanted a Dragon at all

[@rainbowvhs692]

Maybe. But all they've advertised is how dumb they are. I don't want to buy a book from a pair of dumb dumbs.

[@notzay3261]

Too bad their business is dead lmao

[@alexc5656]

Their arrogance blinded them

[@AdamBechtol]

@@rainbowvhs692 mmmmmm

[@jakeevans9746]

@@rainbowvhs692 not entirely true. If they become successful then they are not seen as dumb but greedy.

[@GeraldineShart]

Jenny reminds me of being stoned at a family dinner and trying to hide it

[@cristianpicincu7116]

Hahaha bro your right!

[@jrbs]

😂😂😂😨

[@geoffdb8118]

haha! Been there!

[@OpinionatedMonk]

Totally! :-)

[@trillshox2281]

Congrats to Jenny in her new role as presenter of ITV's 'Take Me Out' which sure we can all agree is a much more fitting show for her.

[@UnkindledK]

That's why it was cancelled then she took the Me Out personally.

[@sherlock5720]

U can’t go into a business meeting with no intent of bartering. I think they were both just a bit pretentious

[@RodrigoTechador]

Haggling. Dickering. Bargaining. Negotiating. Not bartering.

[@mohbin999]

This would be a good investment for Jenny, she could learn other ways of saying I'm OUT

[@UnkindledK]

I don't think it would have the same appeal though.

[@fuzzman9298]

hahah one of best ones yet

[@jagomae.]

Pair of numpties. He said he’d put money in ,all the dragons shaking their heads but , youth don’t get truth till they’ve made the mistakes 💜

[@alexc5656]

Well said! Wisdom favors the well experienced

[@warriorx86]

Peter was trying too hard to clinge to the deal. He had definitely sensed some opportunity !!

[@jemma-joon]

Its not protected he can steal it... He saw their motivation and dedication... He can help them with their poor business skills... But they lost the chance

[@jrbs]

I've not seen Peter try so hard to get a deal! He gave them too many opportunities before giving up.

[@ADMNK]

The lads didn't even try to negotiate. They could at least try and do Peter a proposal to drop to 10% if they paid back his investment within a certain period of time. Big mistake because Peter will add so much more value than just that 60k.

[@WiseEyes313]

Two opposite characters. One of them looks like he’s about to cry all the time, and the other one just has the biggest grin on his face all the time “It is with regret we are rejecting your offer😁😁😁”

[@JLConawayII]

The look on Touker's face pretty much sums up my feelings on the matter.

[@webmtshali5768]

😵😵: "Peter we can't accepts 20% because we believe we going to need more money down the line" 😒Peter: I am "more money". 😱😱😱Other Dragons: Accept the offer. Peter is the the " more money" you need.

[@alexc5656]

👏🏼, pretty much how it went down. I really thought Peter would've been furious that they rejected his generosity of going lower than 20%,but I think that he was genuinely in shock

[@januarybaby1063]

There's something robotic and smarmy about these guys

[@ludwigwittgenduck3282]

I'm sorry you feel that way.. we just wanted to be ourselves and to present our ideas as clearly as possible - maybe that accounts for the roboticism!

[@johnsmith-wx5fb]

@@ludwigwittgenduck3282 ah ha! robosmarm uses a pseudonym

[@ludvig4752]

@@ludwigwittgenduck3282 Why do you act like you're one of them?

[@TheGalacticEmperorOfLabels]

Let me guess, they're both psychopaths because you didn't like the cut of their jib.

[@jrbs]

Woke metrosexuals who failed to appreciate how fast Peter Jones could take the business off before others use the idea and do it quicker. They had no concept of Peter other than, he was providing a bit of cash in the same way as the crowd funding goons!

[@gustamer4868]

Feels like Jenny gets a real power trip whenever she says she's out. She's so happy about it.

[@namanparvaiz]

I'm obsessed with these videos. In fact I can't eat and will let my Lunch or Dinner on my plate get cold until I find a Dragon's Den Video to watch. Also keep the Jenny Comments coming in they make my day!! 😂

[@efiongephraim5921]

Will do Jenny comment when i get home.I'm out at the moment!

[@khansahib7110]

Investing in peter is no brainer... the guy is a legend

[@PaulReid22]

I get the feeling they had no intention of acquiring an investment but more so to just promote the business. To not negotiate with the leading dragon was pure stupidity. No doubt if you go to their website it will be splashed with branding such as “As Seen On Dragons Den” 🤦🏻‍♂️

[@cowgirl.4363]

Yes, that's what I thought too. Just wanted publicity, and to say they turned down an offer.

[@NibberKSmooth]

Have they even approached book shops, supermarkets, schools?! Strange.

[@TIGiles]

Lucky escape for Peter. As at July ‘19 the company has total losses of £778k (up £472k since the show), cash balance down to £47k and net liabilities of £121k. Yikes.

[@nifty1940]

If that's right, thanks for the update mate.

[@TIGiles]

nifty1940 No worries - all publicly available on companies house website searching One Third Stories Ltd. Always interesting to look when you get the company name in the pitch!

[@nnssoonn]

@@TIGiles on What site Can i find this?

[@ogray9927]

@@nnssoonn search 'companies house uk'

[@ella93s]

Fake news

[@MrRyancarr13]

Whenever Peter is actually interested in the pitch, he'll always chime in early and be very outwardly negative, fixating on an aspect of the business and borderline insulting the entrepreneurs. It's a clever way to sew doubt in the other dragons and make them declare themselves out so he has more leverage in the negotiations. Saw his offer coming from the second he talked about their low traction rate on their website. Also what the hell were they thinking? Peter was clearly interested. If you offered him 10% you'd probably end up meeting in the middle somewhere with 12% or something. Maybe 15% w/ a buyback. The fact they didn't even try just shows they were only there for the free advertisement imo

[@DellaWatson-cz3mq]

I know the dragons are dim. Even we've realized that. Why haven't they. Duh

[@BenjaminWeeb]

15% with buyback would probably be reasonable. Also getting Peter onboard would probably help them pick up on sales sooner than later and possibly avoid the need for further funding.

[@zionsky7761]

Free? Do you know how much you gotta pay to get on this show? Clearly you don't.

[@MusicalMemeology]

Also a good way to test the entrepreneur/s to see how they handle it and whether he can work with them.

[@gaysy1st]

@@zionsky7761 I didn't know that. How much is it to get on there?

[@Colby_0-3_IRL_and_title_fights]

Jenny needs to stop chiming in when she's already out and it has nothing to do with her

[@jordanhanash]

So you're suggesting she should never say anything?

[@mrsurprise2294]

@@jordanhanash Yes no one should when they are out unless another dragon asks them a question

[@ms7857]

Jordan Hanash correct

[@billtilford3047]

She is trying to justify being there.

[@thomasmason8481]

The fact they didn’t accept this offer makes me think they didn’t come on looking for an offer in the first place 🤦🏻‍♂️

[@MRLEGACYOFFICIAL]

The lack of Negotiating & social skills is infuriating and laughable to watch! Unbelievable!

[@T.B6720]

It's pretty obvious they only came on for the PR and advertising. The BBC should not highlight these cases where someone is clearly not interested in getting an investor and uses the programme as a promotion tool. They managed to turn 50k of expenditure into 19k of revenue and are valuing the business at 800,000: forty times earnings, as Peter would say. Edit: In fact, if you look at their website (onethirdstories.com/spanish-story-boxes/), they increased their prices even further after the show. Pure greed.

[@devcrom3]

Peter: Someone with a learning disability might have trouble learning this.

[@Magnesius]

but that's why I"M IN.

[@nolikeygsomnipresence270]

Blind people might not be able to see the benefits of this.

[@devcrom3]

@@nolikeygsomnipresence270 Deaf people might not want to hear this pitch.

[@lord_scrubington]

@@nolikeygsomnipresence270 deaf people might but hear about this product

[@DeezBeanz101]

I just love the way the narrator says Tej Lavaani

[@danlittman8369]

OMG that was one of the most dramatic turnarounds, I feared for them boys and they did it. I am lost for words, Peter should of just said '' wait wait, you are aware of who I am and what ive just offered ? ''.

[@ThePrimeMinisterOfTheBlock]

Surprised Peter went in so cheap, only 20% for a profit free company

[@leoa4c]

I would love to play poker against Jenny. Every single hand: "Im out."

[@martinduggan9180]

U might make her flush

[@NemTheMan]

Jenny is out and Juanda had trips......

[@lightzpy8049]

OMG i got a headache when they denied 20%, i was thinking 25% would be a fair / low bid

[@Braddicusfinch]

*Business has no money in the bank* Dragons: what?! You're out of money?! You should have money in the bank! *business has money in the bank* Dragons: Why do you have money in the bank to spend?!

[@Kom7237]

You do realize there’s an entire spectrum between having money and no money right?

[@Braddicusfinch]

@@Kom7237 You do realise I'm making a joke, right?

[@alexgoodhindconditioning970]

@@Braddicusfinch you do realise its 2020 and you cant make jokes anymore, right?

[@vorpal22]

I'm surprised Jenny wasn't more enthusiastic about this: she could use this to learn to say, I'm out," in 50 different languages.

[@theangrybrownman1411]

"Deborah is out...but will Jenny Campbell...oh HAHAHAHAHAH oh I'm sorry, can't finish the sentence...HAHAHAHAHAHAHAH, ooooooohhh it hurts! HAHAHAHA" - Evan Davis.

[@RealityCheck6T9]

What? "Will Jenny Campbell fill up a little time" is a perfectly valid question

[@blondesense1708]

Here’s the real translation: ‘We didn’t want an offer, we wanted free advertising’.

[@elizabethpeck569]

Am I the only person who after watching these then Google’s the company to see how they’re doing/still operating?

[@Logicsupersedes]

These guys didn't even want a deal. They came in for the exposure. It got worse and worse as they talked. "advisory shares" then the pure arrogance to say "7.5% is a fair deal" who the hell goes into a negotiation with no room for negotiation. The fact that they weren't even willing to go up by a couple of percent shows they had no interest in getting a deal. I really hope they fail because of this. They haven't got anything patentable so hopefully peter just goes out and does it himself.

[@geoffdb8118]

"I hope they fail" is damn harsh

[@donramanayake1505]

Are you Peter's toy boy? :)

[@Logicsupersedes]

@@donramanayake1505 Well, thanks for giving us an insight into how your mind works.

[@prodigal5286]

After seeing almost every Dragon's Den video, I'm starting to believe that Jenny just doesn't have any money and can't afford half of these investments

[@geetaramnath3147]

I believe so too or it's in her contract to reject all pitches that come in

[@2010Dilys]

like Duncan ballentyne

[@ozzydoop1473]

I actually enjoyed their refusal act & all the dragons reactions : classic !!

[@Adam23200]

The only credible excuse for Jenny to exit on a deal I’ve ever heard

[@vileguile4]

The learning idea is fantastic! I hope things go really well for them and that they expand to have more starting languages and not just english.

[@redrobiin]

Touker said it, 'why do you need a dragon' if you can raise funding anyway. The guys 'for guidance only' So they are confident enough to know they can raise the money for the business, So this is just free advertising for them. Anyone else would of taken Peter's offer.

[@drakealexander6668]

"We introduced words in other languages" Phonetics: I'll see myself out.

[@edgar882]

A genuinely decent idea, thrown away by an insulting level stupidity

[@jrbs]

Thay actually really annoyed me!!

[@jamesnorthcote3718]

Bruh how is it thrown away, they’re worth 2.64 million now

[@L3ON360Z]

@@jamesnorthcote3718 why you lying for

[@jamesnorthcote3718]

L3ON google it

[@L3ON360Z]

@@jamesnorthcote3718 look at their actual filling accounts on Gov.uk not some random Google search. They're in the negative and there a reason their social media accounts have been silent 7 months.

[@jamesm.9285]

This is awesome!

[@itsmebrittanyl]

Every time I hear "subscription service" I want to gouge my ears out.

[@Harry-jz1dn]

The guy with the beard wasn't even listening properly to their questions. 6:11 Touker basically asks why 'would a dragon accept only 7.5% with the amount of value they bring?". Beard's answer, "I think a dragon would brigs lots of value". Yeah, he just said that. No wonder Peter's confused.

[@daveymorgan909]

Wow they didn't even want to offer 10% To get a dragon like Peter and all the help he could bring them.

[@Katie-hj5eb]

This seems like it would make a better iPad app or something along those lines instead of a book.

[@AwesomeMetalBands]

Wonderful comment totally agree!

[@draconis2364]

On my country's version of Dragons' Den, the entrepreneurs who fail at securing an investment from a Dragon fall through a trap door and are never heard from again. It's a much more suitable conclusion to their appearance on the show.

[@mattc8112]

What is your country?

[@notzay3261]

lol okay Iran

[@paullambert8701]

What country is that? Transylvania?

[@AnthonyShuker]

why do they get so surprised at 20% when they have close to no income? Peter just said you dont need fundraising considering he has the money

[@40avo]

I think they went bankrupt. They haven’t posted anything on the company’s social media in over eight months

[@shahinmahdi2192]

They never came on the show to get a dragon. They came for the clout, for the popularity. Now look at them, in the doldrums.

[@tdog999100]

Peter coming in with an amazing offer at 20% considering they have only 45 subs 😂😂 and they reject it wtf Jenny was right naive to the core and inexperienced in business, if it was me investing I would want 51% based off of their pitch and how they have been running the business so far

[@kawan5851]

I have never seen Toukar that shocked 14:22 before .

[@Fr3nchie]

I love your videos, guys. But PLEASE start adding the airdate in the description on future uploads!

[@grumpdogg213]

How to kill a good idea 101

[@MrPantherPants]

“Someone that’s partially dyslexic would have a hard time here” Well yes Peter someone who’s partially dyslexic would have a hard time with a fully english book too...

[@AdamBechtol]

14:35 Ha, I've never seen Touker give such a flabbergasted look in all my life. Lol, it's like his whole family is being murdered in front of him. 😲😱😲

[@AwesomeMetalBands]

He's a great dragon.

[@DavinaMealoha]

That was a real... "DUH!!!" moment! 🤔🤔🤔 "We're gonna need more money down the road..." PETER makes an outstanding offer! "UH-DUH!!!" If Peter invested, they would've had him on board with his money as well... 🤯 Those guy's made a wrong decision for sure and for that reason I'M OUT!!!

[@blackswan8651]

I'll file that to the "where are they now" cabinet shall I?

[@joshroberts5540]

Good thing you got Jenny’s name memorised, you don’t want to slip up when you sign all those deals together.

[@khansahib7110]

I would have accepted that. Have buy back clause. But with peter... 🤔🤔🤔😉😉

[@KiLLJoYYouTube]

Turning down £60,000 for 20%? As if they just told peter their company isn’t worth £300,000.

[@alexgoodhindconditioning970]

Hey it's worth 250k now so.....he wasnt off with his estimate, if he got onboard it could have been worth DOUBLE that easily.

[@irusu.]

I like when peter get's rejected or counter offered but he kinda appreciates that negotiation thing on people and gives another argument

[@guitartrumpetflute]

I think people are running *out* of Jenny jokes.

[@UnkindledK]

and for that reason I'm Out.

[@vegn_brit5176]

Jenny: Coronavirus is here, and I'm out of masks!

[@martinduggan9180]

They r all grear

[@guppy0112]

Well I know 'I'm out' of them....

[@lord_scrubington]

XD

[@dk1529-z5m]

I can't believe they didn't even make a counter offer. But Peter probably dodged a bullet - that negotiation likely reflects how they run other aspects of their business.

[@adelleteresa2320]

Not much point memorizing Jenny's name mate lol. She'll be out. Guaranteed.

[@NyanyiC]

most def

[@BostonPower]

I don't think they were actually there to do a deal anyway they were just trying to sell their crap

[@ManForToday]

Silly lads. As Peter said, with a dragon, they've got someone who could invest more without having to dilute. If they believe in their product to be really successful in the future, then I don't see why a renegotiation of the equity stake could not happen. In any case, just absolutely foolish to be inflexible over the equity stake. Peter was literally asking for a counter-offer at least. He might have even accepted 15%.

[@kevindunlap5525]

I have my screen expanded quite a bit, but they're all over the first 3 pages of google.

[@edwoodsnowden]

Alex and Johnny have just made the biggest mistake of their lives.

[@GodotOfficial]

Touker: Tengo espacio de oficina en Londres! Jenny: estoy fuera

[@Kyoto99952]

Do they even know anything about “negotiation”? That was weird haha..

[@JB-jn1fd]

Deborah: so you want me to work for you? Jenny: what's the salary?