CRAZIEST TURNAROUND? Dragons savage entrepreneur and then back him!!!! | Dragons' Den - BBC

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4 жыл бұрын

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Watch the BBC first on iPlayer 👉 bbc.in/iPlayer-Home Fiery investors Sara Davies, Touker Suleyman, Deborah Meaden, Tej Lalvani and Peter Jones return to the infamous hot seats as a fresh batch of nervous entrepreneurs strive to seal a life-changing deal.
Tonight’s hopefuls include a beauty entrepreneur whose tools have a social as well as practical purpose and two low-alcohol brewers who hope the Dragons will stump up for the ultimate round of investment. And the multimillionaires try more than a business on for size when a footwear entrepreneur pitches his range of hand-finished shoes. Will he leave the Den walking on air?
Dragons' Den | Series 17 Episode 9 | BBC
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Пікірлер: 685
@charlottegreenstein
@charlottegreenstein 4 жыл бұрын
“this is a patented-“ Camera flicks to Deborah
@AWilliamBishop
@AWilliamBishop 4 жыл бұрын
Gold👌🏼
@lilrask9464
@lilrask9464 4 жыл бұрын
LOL! Should change her name to Miss Patty 😂
@Arjalineck
@Arjalineck 3 жыл бұрын
@Mike 'dead eyed cretin' Ehrmantraut spud
@khandadonb111
@khandadonb111 4 жыл бұрын
Entreprenur: I'm willing to give you 3% of the business Dragons: We want 45% Entrepreneur: Okay
@dandandan01
@dandandan01 4 жыл бұрын
@TomGoldenSnooker I wouldn't say so. I can see this booming in a few years
@Figgy20000
@Figgy20000 4 жыл бұрын
@@dandandan01 If his retail deal was a real thing he would have turned this down IN A SECOND!! 7000 units?? That alone should be worth more than a 160k evaluation. Peter is absolutely right he's definitely hiding something or just downright lying.
@lolhahah21
@lolhahah21 4 жыл бұрын
LOLOLOL ay he had to start the negotiation somewhere (as another entrepreneur on the show once said) loll
@drewcoaustralia
@drewcoaustralia 4 жыл бұрын
@Luke Dunford SKU is Stock Keeping Unit, essentially a barcode. So he's got 10 different barcoded products at 70000 units each
@vision-oe7hx
@vision-oe7hx 4 жыл бұрын
@TomGoldenSnooker you wouldn't know that cus you're not a businessman
@B1L4L7
@B1L4L7 3 жыл бұрын
The look on Peter's face when he realises he may be missing out!! Haha priceless
@walte153
@walte153 Жыл бұрын
He loves talking down to people. What an arrogant ass.
@evarinze
@evarinze 4 жыл бұрын
Touker: "develop and we sell"... "and if you need extra space in London let me know "
@georgekaras1104
@georgekaras1104 4 жыл бұрын
lol.. yep Touker will give him an office in London and Tej will build him a website!
@dummy999
@dummy999 4 жыл бұрын
It's funny cause they're now headquartered in London. (and they're distributing to Sainsbury's)
@sisslarsen350
@sisslarsen350 4 жыл бұрын
@@dummy999 well there we go then, happy for the guy :-D
@giftmukupe1
@giftmukupe1 4 жыл бұрын
@@georgekaras1104 Spot on🤣🤣🤣
@rbkr20
@rbkr20 3 жыл бұрын
😂😂😂
@SiriusMined
@SiriusMined 4 жыл бұрын
What's messed up is when they get multiple offers, if they try to negotiate with one, the others get in a snit. WTF? I can't negotiate with 3 separate offers at the same time. SOMEONE has to wait.
@povo844
@povo844 4 жыл бұрын
It's just a pressure tactic employed by the dragons. Part of the fun of negotiation, well for the dragons and us viewers but certainly not for the entrepreneur lol.
@SiriusMined
@SiriusMined 4 жыл бұрын
@@povo844 it's not a pressure tactic if they drop out because of it
@povo844
@povo844 4 жыл бұрын
SiriusMined well they do have the power of walking away since they are the dragons, so thats also part of the arsenal of the prowess. Plus I do think they are lukewarm towards this whole investment anyway so that’s that.
@lolhahah21
@lolhahah21 4 жыл бұрын
I mean it does sound fucked up though lol think about it.. He literally heard their offers and is like, "Would you be open to, say, putting an offer on your own (so I could just turn these mfs down as soon as you say something enticing)?" When you say something like that you're making it sound like you'd prefer someone else... no dragon wants to be part of that.. they're trying to help YOU out while making money as well. They could easily go somewhere else to make money.. but they want to help us. So I think you should never say something like that. AT LEAST not after they're in talks about the three of them joining to make this a success...a massive success. lol
@anyexpat
@anyexpat 4 жыл бұрын
What you say is, I have a question for the 3 of you, if you were to do this on your own would you accept x% as that is my limit..
@kianclarke3138
@kianclarke3138 4 жыл бұрын
I don’t think he even wanted to accept that. He just didn’t have the balls to say no to them
@edwin9761
@edwin9761 4 жыл бұрын
Should’ve asked for 10% each...
@kianclarke3138
@kianclarke3138 4 жыл бұрын
Edwin yep that’s what I thought as well
@carolmorris404
@carolmorris404 4 жыл бұрын
@@edwin9761 you know how that would have gone down.
@tenpinjohn89
@tenpinjohn89 4 жыл бұрын
Tony Andrews would be shocked if that deal goes through
@LeoTomass
@LeoTomass 4 жыл бұрын
@@edwin9761 they literally said 10% wont work for em
@sakethbachu6612
@sakethbachu6612 4 жыл бұрын
I love Tej man, he is so humble, doesn't shout, and explains patiently.
@user-ic7mv6bj4w
@user-ic7mv6bj4w 4 жыл бұрын
Nimble is a range of award-winning child-friendly household cleaning products powered by plants. Sold in Boots, Ocado and launching in 375 Sainsbury’s stores in December 2019, it has a granted patent in the UK and EU for its Milk Buster technology and won the BBC’s 'The Customer is Always Right' award. In you face Peter Jones!!
@David-yn5bs
@David-yn5bs 3 жыл бұрын
Hahaha looks like the Dragon 'experts' don't always get it right!!
@Ziggykitty666
@Ziggykitty666 3 жыл бұрын
Y’all are stupid. He didn’t invest based on principle bc of the valuation.
@user-ic7mv6bj4w
@user-ic7mv6bj4w 3 жыл бұрын
@Matt Simpson. Yet three out of the Five dragons invested. Then they Won! Peter has no vision and deserves this failure.
@MistaKasko
@MistaKasko 3 жыл бұрын
@@Ziggykitty666 Principles are only worth it if they make sense. Who is Peter to get so angry at someone's value of their own company? Always makes me laugh when they say they're out for reasons like that - incredibly egotistical. Negotiate with the guy or just politely decline, no need to act high and mighty.
@Ziggykitty666
@Ziggykitty666 3 жыл бұрын
@@MistaKaskolol its called dragons den and just like the show that came after called shark tank, the entire point is to be tough. With your logic or lackthereof no one would ever learn a fuckin thing from the show bc no one would ever think omg i gotta know my numbers and i gotta know my market! these decade old shows wouldnt be inspiring and teaching so many ppl many things about business bc hey with mistaidiot's show he just fingerpaints while you blow a pitch . complete and total moron or troll, a total waste of everyone's time either way.
@samanthanorthover2681
@samanthanorthover2681 4 жыл бұрын
Hate when they have a tantrum when the entrepeneur starts talking to a particular dragon. "Well if you're talking to Tej i might just say I'm out!" He's not asked him to go the cinema instead of you, this is a bloody business pitch
@Apisticont
@Apisticont 4 жыл бұрын
And thats the real attitude between them. Who would ever want partners like that.
@samanthanorthover2681
@samanthanorthover2681 4 жыл бұрын
@@Apisticont exactly, thought they were supposed to be professional, doesn't make sense to me
@elliottdennis2014
@elliottdennis2014 4 жыл бұрын
It’s a negotiating tactic, just like savaging his valuation is a negotiating tactic. They’re not exactly sophisticated but they make good TV, it is intensely annoying though.
@pCeLobster
@pCeLobster 3 жыл бұрын
I personally think he's a genuine egomaniac who thinks his money entitles him to extra respect or deference of some kind. But it could also be a sleazy negotiation trick designed to take a huge chunk of someone's company for not much money. Either way he's a class act.
@archangle2988
@archangle2988 3 жыл бұрын
Think you are making a serious misjudgment here. There where 3 offers on the Table, the Negotiations showed that the Dragons did not want to compete, but came all to the same evaluation and even offered to all team up to bring even more value to the company. He then tried to bring the negotiation back a few steps to the Dragons competing against each other to bring the equity back down, and Tucker gave him an very honest warning that if he tries that 2 of the offers will disapper, leaving only 1 offer on the Table, so no chance at all at pitting the Dragons against each other. Tucker trew a lifeline here and he can be very happy he dodged this negotiation-trap.
@magusxxx
@magusxxx 4 жыл бұрын
"I'm the elder statesmen here, need some respect." "Well pardon me I'm off to play the grand piano" - Graham Chapman
@captainenaad9579
@captainenaad9579 3 жыл бұрын
When he mentioned 70k units, the look on Debra and Peter's face. They must have regretted it
@zmast333
@zmast333 2 жыл бұрын
700k units per sku... for the 10 skus, that's 7M units. Why on earth did he not mention that sooner??
@CPTZK11
@CPTZK11 2 жыл бұрын
@@zmast333 cause he’s a troll/ purely an inventor and not a business man/negotiator
@pucka_ak47
@pucka_ak47 2 жыл бұрын
@@zmast333 nothing happen...
@rdu239
@rdu239 2 жыл бұрын
@@zmast333 What is a sku?
@onespeedlite
@onespeedlite 2 жыл бұрын
​@@rdu239 a "sku" represents one particular product he was selling. Therefore, he was selling 10 different products. In other words, 700,000 x 10 sku = 7,000,000 or 7 million units.
@bhonor12
@bhonor12 3 жыл бұрын
Love it when Touker gets out of his seat with excitement and hype.
@ruthtryphosa
@ruthtryphosa 2 жыл бұрын
Sarah's smile is more than enough to have faith in life!
@AshPPPPPPPP
@AshPPPPPPPP 4 жыл бұрын
Love Sarah- she is amazing, what she did was bringing other two dragons is the perfect thing to do.
@vanse_ofcl
@vanse_ofcl 4 жыл бұрын
"Come on uncle T, you know we're good" 😂😂
@gamewithadam7235
@gamewithadam7235 4 жыл бұрын
He could have got lower than 45% if he didn't nod his head so much in agreement with them for literal minutes.
@blessen8170
@blessen8170 3 жыл бұрын
He valued his company more than the current situation it is plus he didn't have any idea on how to sell the stuff I think if he was more transparent and had a clear idea of what his plans were he could have negotiated with the dragons
@rockguitar2012
@rockguitar2012 4 жыл бұрын
Thanks for spoiling the ending in the title lol
@LivingLifeFastLLF
@LivingLifeFastLLF 4 жыл бұрын
Honestly it's so stupid
@hamstersmash
@hamstersmash 4 жыл бұрын
This isn't a GoT episode
@pkarverful
@pkarverful 4 жыл бұрын
Tbh, I wouldn't have watched it if it didn't say that
@AcidDaBomb
@AcidDaBomb 4 жыл бұрын
He should said "30% I don't care if we spilt it 3 wayse, 2 ways, or 1 way but 30% is my max" if they bulk, say I will walk, if they don't budge...walk.
@SCARRIOR
@SCARRIOR 4 жыл бұрын
@bitterman co He did 34k in one year, 38k in another, that's over £72k. Not to mention he had a deal with a company to sell over 7m units of his product. Can you not do simple maths son?
@MongoLikeBeer
@MongoLikeBeer 4 жыл бұрын
@bitterman co Can you not see the massive value added to the business with a contract requiring 700,000 units, times 10, that the company never had in prior years, blowing previous earning out of the water, son?
@EverthingsApple
@EverthingsApple 3 жыл бұрын
@@mj42073 Is ethall some type of cleaning product, son?
@murlocholmes4684
@murlocholmes4684 4 жыл бұрын
So a lot of comments are calling this man greedy. He studied and worked his whole life to develop the skills to create this, got very nice branding and graphic design and a patent. Getting into boots stores isn't a small deal, and IP alone is valuable. The brand name alone is pretty solid and everything combined is very valuable.
@wayfarin
@wayfarin 4 жыл бұрын
Totally agree that everything you listed is very valuable. Maybe 200k valuable. Maybe even less.
@Ziggykitty666
@Ziggykitty666 3 жыл бұрын
You both should create a tv show called “when poor ppl try to tell rich ppl how to valuate and invest”
@MistaKasko
@MistaKasko 3 жыл бұрын
@@Ziggykitty666 Seen you on a lot of comments defending the dragons Matt. Maybe you should create and star on a TV show called "when I kiss the asses of millionaires who will never know I existed"
@michealjennifer3530
@michealjennifer3530 3 жыл бұрын
@@MistaKasko haha
@abcdef53015
@abcdef53015 4 жыл бұрын
Damn are they being really rude this season? It isn't cute.
@SC-ew2fc
@SC-ew2fc 4 жыл бұрын
I think they’ve been told to be more brutal for drama.
@Jejdjejbfjf
@Jejdjejbfjf 4 жыл бұрын
@@middleagedwomanwithahandba2795 nah feelings aren't hurt but the dragons are jerks.
@nozzzmc6156
@nozzzmc6156 4 жыл бұрын
abcdef53015 I think they are very patrinising........they defo act like everyone else is stupid
@TomorrowWeLive
@TomorrowWeLive 4 жыл бұрын
Are you for real? That's nothing compared to the early seasons. When people come in with ridiculous valuations they can be absolutely savage. They were positively gentle with this bloke.
@darryl2542
@darryl2542 3 жыл бұрын
@@TomorrowWeLive Seriously. They've been way worse than this.
@Nashadelicable
@Nashadelicable 4 жыл бұрын
This was terrible and predatory. They did nothing short of rob an honest man, feign insult, belittle him, didn’t let him speak. A terrible group of people.
@mydroidid
@mydroidid 4 жыл бұрын
They caught his bluff.. you cannot bluff with honesty.. are you judging based on this 10 minute video.. it takes about 45 minutes per person..I know somebody who tried
@Thepc425
@Thepc425 2 жыл бұрын
Sarah “I’m up for a three way split” 😂🤭
@radiance65
@radiance65 4 жыл бұрын
8:31 Tej "and that's a good offer" Entrepreneur thinks, "I'll be the judge of that".
@94Diplomat
@94Diplomat 4 жыл бұрын
I watched this episode when it was aired on Sunday. I thought the Dragons were so mean, borderline aggressive, towards this man. It really made the whole episode uncomfortable and awkward to watch. I am happy the man got investment in the end. Personally, I would have rejected their offers on the basis on how poorly they treated me in this situation.
@TechGamesAU
@TechGamesAU 4 жыл бұрын
He deserved it. He came in and insulted them with an obscene valuation, as if to waste their time.
@Seraphim12345
@Seraphim12345 4 жыл бұрын
That's just how English people behave, cruel and disrespectful.
@TomorrowWeLive
@TomorrowWeLive 4 жыл бұрын
Lol you should see the earlier episodes. I couldn't believe how kind/polite to him with that valuation. In the early seasons they'd have completely torn him to shreds. They've really toned down a lot.
@elliottdennis2014
@elliottdennis2014 4 жыл бұрын
DylValentine I’ve never understood why they get so offended with high valuations when they’re there to negotiate what is essentially seed investment into a startup, and where they very often negotiate very high share holdings anyway. The value of the company should also be part of that negotiation with a company so young. If the owner is unwilling to budge then that is the time to back out, not straight after he’s finished pitching without asking any meaningful questions. Peter and Deborah are notorious for letting their egos get in the way of common sense. He based his companies valuation on what he expected it to be worth in the near future based on de facto assured rollout, IP, and licensing agreements, which is how people/investors value stocks, companies, futures, etc. all the time, and was pretty open to negotiating it. How else was he supposed to calculate it. Even if the dragons genuinely believe that his company is worth £2m+ it’s advantageous for them to downplay that valuation in order to negotiate a higher shareholding for their money. Sure, his company was probably not worth £2.4m, but it was certainly worth a lot more that £180k
@mickyg67
@mickyg67 4 жыл бұрын
Is there sum ting wong with you?
@redmouseking13
@redmouseking13 4 жыл бұрын
Sarah Davies is a wonderful, lovely human being seeing how she handled this. And for that reason, I'm out.
@sharibhai
@sharibhai 3 жыл бұрын
🤣
@pdan4
@pdan4 28 күн бұрын
Jenny?
@NellSmith
@NellSmith 4 жыл бұрын
It's about time that Peter (in particular) learned to ask questions and stop arrogantly pre-judging people and ideas *BEFORE* rudely declaring himself out on the grounds of 'being insulted'. I'm actually quite surprised that Deborah, too, didn't even try to discern the potential in this entrepreneur (who even had the magic patent which she - quite rightly - always values so highly) - OK, so the company valuation was high, and yes, there are also other 'eco-brands' in the marketplace, but the patent's very existence must indicate that either the others *_aren't_* patented (if using the same ingredients), or that this chemist's version is, at the very least, different enough to earn official protection. Surely that alone is worth more than insta-dismissal? Mind you: perhaps the reason for such a scathing attitude was more due to my strong suspicion that, no matter how many children they have, Peter and/or Deborah leave/left the grunt-work to nannies and cleaners, and thus have so little experience (if any?) of the more messy and less fun side of child-rearing that they don't even know how damned hard it is cleaning up after babies and toddlers...?! From personal experience, I know that even the best-known 'eco-brands' are disappointing in performance (to say the least), especially where the more labour-intensive child-related cleaning tasks are concerned, so what if this apparently very bright (and very modest) chemist *HAS* come up with a formula that isn't only green, but actually *_efficient,_* too? Yes, he valued his company too highly (although did he, if he has a deal to supply 700,000 units *x 10* in hand...?), but even so, Peter and/or Deborah could easily have calmed down a bit from being 'insulted' by the valuation (always an old story in the Den, anyway!), and enquired further about future orders and/or additional ideas/inventions, as Sara Davies wisely did. Incidentally, I find Sara to be a *GREAT* addition to the Den, all round: as usual, she was not only savvy and tolerant, but also kind and encouraging, and she took time to *_explain_* her response to the valuation *AND* her rationale for investing, as well as helping to secure the three-way split investment - which, once more, was good to see after Peter's (and, again, Deborah's - although she does this far more rarely) summary and, frankly, rude dismissal of what may well turn out to be an excellent new brand and a very profitable enterprise, with an inventive and promising owner who seems to have a *LOT* to offer. And finally, it was great to see the entrepreneur get a deal, at a price which I think probably *DOES* reflect the fact that he really doesn't seem at all the type to fiercely market and sell a brand, which is, after all, what the Dragons do best. A genuine team effort, I would say: he'll be able to quietly research, improve, and invent products, which is *_his_* forte, while they use *_their_* very different (but equally important, compatible, and complementary) skills fighting to establish his inventions in the scary fray of inter-business competition. I bet - and I hope! - that he will be happy with his decision in the long term. Much success to him :)
@SaveWesternCivilisation
@SaveWesternCivilisation 4 жыл бұрын
Thanks Tolstoy.
@Phil-tb7wr
@Phil-tb7wr 4 жыл бұрын
Peter needs to get over his ego or he will lose out on being part of fantastic companies.
@breezy8363
@breezy8363 4 жыл бұрын
Beautifully written!
@KTMGUNNER
@KTMGUNNER 4 жыл бұрын
That comment was longer than the episode 😂
@amcv5407
@amcv5407 4 жыл бұрын
It’s more just the fact that this is a TV show, we aren’t shown all the pitches and the dragons are simply playing cast-type roles to keep their spots on program as it raises their public profiles.
@sloppynyuszi
@sloppynyuszi 4 жыл бұрын
The Jenny jokes are gone and I’m out
@soilhands7853
@soilhands7853 3 жыл бұрын
good riddance
@AdamBechtol
@AdamBechtol 2 жыл бұрын
Ah there's Sarah kicking butt again. I was delighted to see how happy she was for him right after the pitch, smiling and congratulating him.
@darryl2542
@darryl2542 5 ай бұрын
She’s an absolute class act.
@darryl2542
@darryl2542 5 ай бұрын
Sara Davies is the best addition to Dragon’s Den since the elevator.
@johnlastname3751
@johnlastname3751 4 жыл бұрын
"The problem is you don't have a marketing plan" ... well he does, he is going to use the money you invest to employ somebody to help him market the business, thats a pretty reasonable plan for somebody who doesn't understand marketing but sure Tej, lets give the guy some money and then make him go out and learn how to do marketing
@geran4473
@geran4473 4 жыл бұрын
He made himself look more needed so the entrepeneur would accept his offer.
@tylerresto
@tylerresto 4 жыл бұрын
11:53. Someone’s got a huge ego...
@Mimiczeylon
@Mimiczeylon 3 жыл бұрын
What do you expect their millionaires, they belittle the people with nothing. If you see the episodes, where the entrepreneur is a millionaire and the dragons are informed of this. Their whole views change, disgusting
@dazsin
@dazsin 4 жыл бұрын
They should get Jenny in as a guest Dragon for every single deal, just to say that she's out
@jimmorrison8203
@jimmorrison8203 4 жыл бұрын
Touker: “I’m old, so show me some damn extra respect... or I’m out!!!”
@gloryoguegbu
@gloryoguegbu 3 жыл бұрын
🤣🤣🤣🤣🤣
@MADMAX7330
@MADMAX7330 4 жыл бұрын
This poor guy got robbed by millionaires in broad daylight, just because he couldn't defend his valuation when pressurized.
@dopiaza2006
@dopiaza2006 4 жыл бұрын
Bloody hell, have the dragons aged 10 years since the last video?
@mohammedyakub3760
@mohammedyakub3760 3 жыл бұрын
If he had just gone in a few months later when the licensing deal was confirmed he could have walked out with an amazing valuation
@bluehorizon9435
@bluehorizon9435 4 жыл бұрын
A dreadful outcome for the entrepreneur. Because the precious dragons felt "insulted" by his business valuation, they basically knifed him. Utter greed and manipulation. My respect for these dragons has really gone down! 👎
@UTubeTulip
@UTubeTulip 4 жыл бұрын
He could have said no, no one forced him to accept
@wayfarin
@wayfarin 4 жыл бұрын
Well that's what happens when you pitch before getting a huge licensing order and not after. They can't price something that hasn't happened, especially if he's bound to confidentiality and can't even convince them with details.
@mydroidid
@mydroidid 4 жыл бұрын
He was bluffing they caught it
@marcelmoreau2733
@marcelmoreau2733 4 жыл бұрын
Wait, you had respect for these greedy idiots.
@XX-qj9sj
@XX-qj9sj 4 жыл бұрын
You're clueless
@dmitrykim3096
@dmitrykim3096 Жыл бұрын
Yep Peter face was like "you little prick why didn't you tell me about those order right away".
@pbsa1979
@pbsa1979 4 жыл бұрын
I can't see any evidence of this deal going through. Company still trades, website looks ok, customers seem happy but there just isn't enough of them. Since this show was aired in 2018, their turnover hasn't increased significantly, well at least until 2019, accounts data for 2020 wasn't filled yet. Don't know why I checked but you are welcome anyway...
@zkdd23
@zkdd23 4 жыл бұрын
Where do you check that data if I may ask?
@anyexpat
@anyexpat 4 жыл бұрын
I check everyone one of them because I do deals with companies so often it is a habit.. The Global statistic for this show and its spin offs is that 1 in 16 are deemed to be a success. Getting a Dragons yes on a tv show gives you a 6% chance of hitting a home run.. I would go on, take the air time and find better investors
@radiance65
@radiance65 4 жыл бұрын
Thank you. Your comment was the sole reason I came to the comments section. I knew someone would know what happened to him.
@flashrazi3195
@flashrazi3195 3 жыл бұрын
@@zkdd23 companies house Uk
@BaileyBaratheon
@BaileyBaratheon 4 жыл бұрын
0:18 the face you make when someone shuts your car door too hard
@netweed09
@netweed09 3 жыл бұрын
Touker is a real underrated powerhouse in the den. No childsplay
@caitlinlindsay8418
@caitlinlindsay8418 2 жыл бұрын
He is a whole child 😂😂
@user-jg6ow6il7h
@user-jg6ow6il7h 4 жыл бұрын
They were literally bullying him
@sS-dh4ms
@sS-dh4ms 4 жыл бұрын
I felt sorry for him because he was so squeezed and he knew he would not be able to make it...huge sale without their help:( Wish him all the best:)
@hamza361
@hamza361 4 жыл бұрын
Hope he declined the offer after this, 45% is pure madness.
@VanlifewithAlan
@VanlifewithAlan 4 жыл бұрын
Pure madness was the initial valuation which was about 130 times the previous year's sales.
@AAA-sl3mg
@AAA-sl3mg 4 жыл бұрын
Alan Heath yes but he had a deal for 7 million units, that and the licensing is where the value is. it isn’t worth £2.8m but selling 45% for 80k was far too low
@VanlifewithAlan
@VanlifewithAlan 4 жыл бұрын
@@AAA-sl3mg No, he did not have a deal, he had a letter of intent which is far from being even an offer of a contract. If it were secret, which I appreciate might not be the sort of thing to put out on the television, he could have shown the letter of intent (which as I wrote is not worth much) with the request not to say the name out loud. I think 45% for GBP80k was very generous, putting the company value at something like six times actual annual turnover.
@XX-qj9sj
@XX-qj9sj 4 жыл бұрын
He sold under £30k for past 3 years, 45% is what his company is worth
@AAA-sl3mg
@AAA-sl3mg 4 жыл бұрын
Alan Heath I appear to have misheard what he said about the letter of intent, and completely agree. I feel the dragons got a very good deal though 👍🏻
@velonamoses8043
@velonamoses8043 4 жыл бұрын
Love how touka always giving people a chance 🙏🏻😎👌
@marisabel5500
@marisabel5500 3 жыл бұрын
They used his lack of negotiation skills and desperation against him..
@naturescandy3986
@naturescandy3986 3 жыл бұрын
Glad to read the company is doing well, PJ and DM were too quick to judge and excluded him to fast! Normally they are forgiving
@donreginaldlosentes8674
@donreginaldlosentes8674 2 жыл бұрын
Sarah Davies' smile to the Entrepreneurs are always warm
@random-person1
@random-person1 4 жыл бұрын
i had a friend go on this and she said it was the most nerve racking time of her life. she got the deal she wanted but it all fell through, thats normal apparently?
@sophie2946
@sophie2946 3 жыл бұрын
Who was the dragon that it fell through with?
@random-person1
@random-person1 3 жыл бұрын
@@sophie2946 dont know and didnt ask, she just said she had gone on it but didnt say much else apart from getting her dragon but things fell down when they started looking at the finances. think she was pissed off and felt bad
@random-person1
@random-person1 3 жыл бұрын
Did you not read my reply?
@random-person1
@random-person1 3 жыл бұрын
I would have thought the whole dont know didn't ask kinda gave it away?
@bologna3464
@bologna3464 2 жыл бұрын
@@random-person1 Kinda weird you didn't ask, surely it would be the first question on your mind.
@TheDawntide
@TheDawntide 4 жыл бұрын
The amount of rudeness and sheer arrogance displayed by the investors was jaw dropping.
@tomekstec981
@tomekstec981 4 жыл бұрын
Personally, I don't care how ridiculous a valuation is, they should say "here is the value we see" and logically come to a decent number instead of pillaging the poor soul. This show just shows how scummy investors are.
@sebastianmalice5603
@sebastianmalice5603 4 жыл бұрын
That’s what they do. The problem with a really bad valuation is that they can’t reduce the money that has been asked for all they can adjust is the equity stake. If it is so far out sometimes the dragons don’t think it’s worth it to ask for the super high equity they need to match the valuation.
@Figgy20000
@Figgy20000 4 жыл бұрын
They aren't scummy. They have all the risk with no reward until the business succeeds. 99% of the people that come on this show don't have a functional business that is making any profit whatsoever yet. It's astonishing the dragons make as many deals as they do.
@thetessellater9163
@thetessellater9163 4 жыл бұрын
Tomek - You are wrong here. This guy is a chemist, not a business person. They are highly successful business people, and their offers are reasonable. He could be a millionaire within two years with them, or carry on selling £80 k worth of product a year ! They are here to make money, not be charitable. If you think they are scum, try pitching a business youself?
@remchaill9898
@remchaill9898 4 жыл бұрын
Bullshit, they did not "pillage" anything. The guy has annual sales of around $30k, and came in with a valuation of almost $3m, that's insane. $80k for 45% values the company at $170k, that's pretty damn generous and shows a lot of faith. He'd make a lot more money with them on board.
@_ben_miller
@_ben_miller 4 жыл бұрын
the thought doesn't count in number systems.
@amiami3540
@amiami3540 3 жыл бұрын
I loved the Mr.Tej offer. How he sense the potential in the business. Very exciting was that
@ALEXMGFASHION
@ALEXMGFASHION 2 жыл бұрын
I was so impressed when he cleaned that baby milk bottle with just 2 sprays of his stuff and a bit of water in a few seconds!! I remember I had to sterilise all the bottles for hours before reusing them for my baby girl- his invention is outstanding 👏 I am investing 😺
@spacecowboy6667
@spacecowboy6667 3 жыл бұрын
At 1:54 just before the camera pans round you can see Jenny's reflection in the bottle miming "I'm outtttt"
@sinkvenice4438
@sinkvenice4438 3 жыл бұрын
10:28 That was adorable.
@bit.dibyajyoti
@bit.dibyajyoti 3 жыл бұрын
Peter's face though when Tez made an offer 😅
@abc-ni9uw
@abc-ni9uw 4 жыл бұрын
Peter: im out Von: oh........
@paulmonde6896
@paulmonde6896 4 жыл бұрын
🤣
@TheDragonProject
@TheDragonProject 4 жыл бұрын
11:26 Did Tej just basically admit they are giving him unfair offers to be spiteful?
@jessicataylor7174
@jessicataylor7174 4 жыл бұрын
No, he is saying that the valuation is so high they have to ask for higher equity. If you don't get the full amount requested, you don't get a deal. If he was only prepared to give away a small percentage, he needed to ask for a lot less cash.
@TheDragonProject
@TheDragonProject 4 жыл бұрын
@@jessicataylor7174 ​ But he didn't say the asking price was too high, he said that if his valuation was more realistic, he wouldn't be giving up %45 percent. Maybe it's just me, but the tone, and the wording of all the dragons in this seems really spiteful.
@jessicataylor7174
@jessicataylor7174 4 жыл бұрын
@@TheDragonProject They can't lower the amount asked, they can only negotiate the equity. It's a rule of the den - you must get the full amount asked for or you leave with nothing. When someone over-values their company they can only agree to more equity share or leave with nothing because they won't pay more than it's worth.
@TheDragonProject
@TheDragonProject 4 жыл бұрын
@@jessicataylor7174 I understand the rules of the den. What I'm saying is this particular case seems to me to that the dragons are undervaluing his company, as a spiteful get-back, because of his over valuation.
@jessicataylor7174
@jessicataylor7174 4 жыл бұрын
@@TheDragonProject He valued his company at £2.8m when it had a TURNOVER of £77k in 3 years! He wouldn't show any deals he had and wouldn't even say the company he was in negotiation with. By offering £85k for 45% they valued his business at £189k, which is far more than it is currently worth.
@Crashpng
@Crashpng 4 жыл бұрын
1:36 me when I walk into Costco.
@user-ef5id9km3p
@user-ef5id9km3p 2 жыл бұрын
Von's big deal was with Tesco's. And he has developed the other products he mentioned eg. fabric softener and bottle brush. Pretty sure he's worth that valuation now two years after this aired, probably more.
@Superrayjunw
@Superrayjunw 3 жыл бұрын
Jenny: “hi i’m jenny and... Von: “i know already, ur out”
@bennysontennyson
@bennysontennyson 3 жыл бұрын
Dragons' aren't supposed to introduce themselves
@Starlight-iw9gx
@Starlight-iw9gx 2 жыл бұрын
Everything about this pitch was savage, truly savage ...
@bpxjisoonewbie.5366
@bpxjisoonewbie.5366 4 жыл бұрын
I be watching this show for years and still don't understand it 😊
@Likexner
@Likexner 4 жыл бұрын
6:39 - Deborah regretting her "im out" and wishing she let him say what he wanted to say. Which probably was just what he said to Sara about the letter of intent. She Petered out and it backfired. She will remember that. If this was Shark Tank AUS, she would however quite possibly declare herself "in again".
@scientist_nick
@scientist_nick Жыл бұрын
Touker throws his head forward on Tej’s offer. Actually hilarious.
@Ayato-von-YT_LukasBrennecke
@Ayato-von-YT_LukasBrennecke 4 жыл бұрын
3:02 Peter was going to drop the f-bomb
@dgirllamius____x
@dgirllamius____x 4 жыл бұрын
I'm out!
@CarlosCatari
@CarlosCatari 4 жыл бұрын
Hhahahahahhah
@paulmonde6896
@paulmonde6896 4 жыл бұрын
Why Jenny ?
@gamewithadam7235
@gamewithadam7235 4 жыл бұрын
Nice change seeing the other dragons get a shot at talking rather than just Debra and Peter.
@SCARRIOR
@SCARRIOR 4 жыл бұрын
He got right taken advantaged of there like.
@yascuts_hair9165
@yascuts_hair9165 4 жыл бұрын
'Sorry to hear this Deborah'
@thedoctorchants
@thedoctorchants 4 жыл бұрын
Sarah is so polite
@SpiderPigggg
@SpiderPigggg 2 жыл бұрын
8:02 This is the funniest sequence in the den ever
@MrVash17
@MrVash17 2 жыл бұрын
Touker, "where's the freebies" 🤣
@WiseEyes313
@WiseEyes313 4 жыл бұрын
This was daylight robbery
@DanMaiko
@DanMaiko 4 жыл бұрын
I hope the deal didn't go through after the show. 39% is unacceptable
@BlessedUchendu
@BlessedUchendu 4 жыл бұрын
This sentence make sense " Develop and we will sell it"
@williamgeorgefraser
@williamgeorgefraser 4 жыл бұрын
Touker doesn't get out of bed for 3%
@stormchild831
@stormchild831 4 жыл бұрын
I like the way Touker says " Teevers and Bot-tles " 9:04 reminds me of my Bermondsy roots ..
@TomorrowWeLive
@TomorrowWeLive 4 жыл бұрын
He has to be the best uncle in the world.
@dumpsterplayer2700
@dumpsterplayer2700 4 жыл бұрын
This new revamp of The Real Hustle is getting really out of hand. So realistic!
@stjohnssoup
@stjohnssoup 3 жыл бұрын
Interesting man
@andrewstewart8704
@andrewstewart8704 3 жыл бұрын
1:30 Touker is willing to get out of bed look and hand over office space keys. Now I'll watch on.
@JasAujla
@JasAujla 2 жыл бұрын
Love this clip excellent investment
@Crashpng
@Crashpng 4 жыл бұрын
Wow it’s funny how fuming they get when someone tries to play them at their own game 😂😂
@marymolloy8454
@marymolloy8454 4 жыл бұрын
They were incredibly mean to him
@chilli-iceolive-abode2447
@chilli-iceolive-abode2447 3 жыл бұрын
7:10 I don't think he understood her then and just agreed 😂 Tbh I had to play it back!
@lewisclout2411
@lewisclout2411 4 жыл бұрын
Would of said 10% each or nothing.
@skshaprapra6569
@skshaprapra6569 4 жыл бұрын
lewis clout yeah exactly my thought, it’s a shame he’s not good at negotiating
@darren2900
@darren2900 4 жыл бұрын
Sure you would of
@dopiaza2006
@dopiaza2006 4 жыл бұрын
And he'd have got it too. Maybe not from Tej but he can be a bit of a prick anyway. Sarah and Tuka at 15% each would have been the way to go
@XX-qj9sj
@XX-qj9sj 4 жыл бұрын
And they would have told him to bugger off. He needs them much more than they need him
@lewisclout2411
@lewisclout2411 4 жыл бұрын
@@XX-qj9sj that's why you will always lose out in a negotiation.
@arunallen1277
@arunallen1277 4 жыл бұрын
If he came in with a more sensible offer, he cold have negotiated it down to 30% instead of 39%.
@vantheman1238
@vantheman1238 2 жыл бұрын
Bless him
@sohailali3466
@sohailali3466 4 жыл бұрын
He should rebrand it and sell it as a product for neutralizing the dairy smell in protein shakers or coffee mugs instead of making it a niche product for baby bottles
@Mike_5
@Mike_5 4 жыл бұрын
Never a good idea at 1:14 to describe a cleaning product as Good. Clean. Fun.
@user-oh9cy7td4q
@user-oh9cy7td4q 3 жыл бұрын
I love Sara's Deal Meal...lol.. Peter...💃🤺
@SirCyril11
@SirCyril11 4 жыл бұрын
Uncle T 🤣🤣🤣
@sammohong6677
@sammohong6677 4 жыл бұрын
Jenny didn't even bother coming to this one. She was out right from the get-go of waking up.
@Money_J_KC
@Money_J_KC 3 жыл бұрын
I love this episode. They devoured his soul based off the valuation (understandable at first). Then they hear he has a letter of intent for 700,000 units.... Per Sku ... And he has 10 sku's.... LOL.... Then they all want in... Maybe if they would of given him the opportunity to get to that point.... He's obviously not a salesman so he didn't think to mention that as the first point. He was getting there, but because he wasn't as much of a salesman as they all are they just immediately wrote him off at first without letting him explain. Then he gets there and they are like, "woah, shit just got serious, we're very very interested now" 😂😂😂
@rdu239
@rdu239 2 жыл бұрын
What is a sku?
@gspecial3778
@gspecial3778 4 жыл бұрын
Touker: put some respek on it
@Kyoto99952
@Kyoto99952 4 жыл бұрын
When cameras turned off, he walked away from the deal
@nadyyyyyk
@nadyyyyyk 3 жыл бұрын
Jenny shared her get out clause with him...
@freespirit1583
@freespirit1583 3 жыл бұрын
I will buy this now!!
@CryptoSavvy11
@CryptoSavvy11 2 жыл бұрын
love these dragons.
@Deku28947
@Deku28947 4 жыл бұрын
Tuka- I’m the elder statesman and deserve respect! Man- shut the hell up pops, I’ll get to you when I’m ready. Have a nap while you wait.
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