Dragons Frustrated Over Equity Negotiations | Dragons' Den

Brothers Jim and Richard George are pitching their product that protects fencing posts from wearing out as easily. They're seeking an investment of £160,000 for 20% of their company, Post Saver. Although they have a proven track record, the Dragons become offended by the brother's negotiations...
Season 9, Episode 3
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #BusinessPitch #PostSaver

[@ceelabbcbd2158]

Considering these pitches are more than hour long. Fair play to the guy that held a big wooden post all the way through 😂😂

[@eljonno69]

Best comment on here 😂

[@thesadwolf]

If this was the Vampire Den, there would have been major panic in the studio.

[@Gyuresssz]

most underrated comment

[@morebeeswithhoney]

😂❤

[@PrestigeWorldWide179]

Hillary would have gone through the anoos

[@turbo.panther]

:)

[@andrewdeacon4737]

😂😂👏

[@alexcalhoun1382]

The way Hilary and Duncan looked at each other when Deborah said she could add a ton of value. ☠️☠️

[@CMCS2991]

@@andymerrettoh wow. What a way to put it. R.I.P….. Unless she just went blind….

[@antoniellahogstrom6198]

😂😂

[@DOWNSYNDROMEDRAGQUEENS]

she brown bread what happens to her investments

[@captainkirk4519]

They seemed to have no confidence in reaching the targets they proposed so correct to withdraw offers.

[@fernandoedwards554]

Exactly, because Deborah's offer was really fair.

[@moogleking]

I think they didn't want a offer just the advertising lol

[@coolbeanz1702]

No they didn’t why do you people always say this🤣🤣🤣

[@XlogicXX]

Spot on. Otherwise, it makes no sense.

[@967mviews2]

Good to see the last 4 dragons not sitting on the fence when they decided not to budge on their 25%! 😅

[@seansmith877]

Wow that one dude lost them the entire deal, the other guy was gonna take it aswell haha. This is definitely the worst decision I've seen in the den

[@draculastraphouse7863]

The really dumb part is that he could've just said yes for TV and still had the chance to change his mind in the future during official negotiations after the show

[@WobblesandBean]

Right?? That's what arrogance gets you.

[@Gonken88]

They pulled their projections out of their arseholes.

[@usagineko4259]

They are called Richard George and Jim George, but halfway through the video the voiceover guy calls them Jim and George, then does it again at the end hahahahahaha

[@Hiya_Pal]

I love it when the Dragons take it so personally over being rejected

[@dylanstowers8138]

Closed captioning is always doing Theos name dirty

[@MsMaryPatricia]

Theo The Fetus

[@user-ru3ql6ji4p]

That was tough to watch! They did not want a deal.

[@keithwhittington1322]

They know it's a good product, know their business skills, and don't really need a dragon. They're thinking exit.

[@albula642]

How does a dragon help to exit?

[@keithwhittington1322]

@@albula642 Only if the dragon's effort increases the company's value. That is why I don't think they need one and probably saved money by declining the offers.

[@caitlinx3816]

Not really…they had so little belief in their business and projections that they knew they could never succeed with a dragon so they made excuses and fled

[@yaboiavery5986]

Their business skills? They definitely don't have negotiation skills

[@Dominikasp]

who else is eating dinner?

[@mannifigueroa8701]

Lunch 🤣

[@sebastiangranlund1357]

Me

[@travels-il1ih]

Morrisons salad box meal deal 🍴👍

[@stedoyle]

goodfellas pepperoni pizza

[@banterinthefastlane6647]

Me haha.

[@paulstannard7985]

They just wanted the publicity, and proved they didn't believe their own projections....lost the deal for a 5% difference😂

[@johnmightymole2284]

Didn't believe their own projections.

[@76-UVB]

That was a lot of money for a bit of heat shrink.

[@AdamBechtol]

ya

[@jay.a3926]

A little foolhardy to refuse Deborah's offer. Shame.

[@hamza361]

Company is still running and made £530k profit in 2022. Good on them for never taking the deal.

[@Yuni009]

I just kept thinking about why he was holding the log the whole time😂

[@PatrickGriersonPaddyboy]

Why are they not pushing the fact that this product has far more applications than just fence posts , so much potential to expand

[@drakeh8162]

Free advertising was the goal here.

[@andrewsmith4388]

I fenced my garden and my Mums field - pressure-treated posts and still up 20 years so far.

[@donny121able]

Be better to approach post manufacturers that can role the posts out already protected giving the manufacturer a unique sales point.

[@Alice-ui9oy]

The product isn't a miracle, it's just your regular heat shrink wrap?? Given, it is a novel use of it, but is there something special about this particular shrink wrap I'm missing? Where I live, wooden fence posts generally last between 10-40 years. Longer if they are strainer posts with a concrete base. Not sure what swamp these guys got their example post from?? 😂

[@Ghost572]

I know I was thinking its heat shrink for god sake, I use the same sort of stuff on electronics it's hardly a massive innovation. Put plastic around some wood.

[@jamiebanyard1792]

so its big heatshrink? so someone else could make large heatshrink for "large electrical cables" which will also protect fence posts... or buy a roll of cling film, wrap it round, heat it a little to seal it up and shrink it,

[@MichaelGarland]

Creosote on fences works good enough.

[@badgasaurus4211]

@9:30 but I thought Deborah hates ratchet deals?

[@VICTORYGARDENS-wn9us]

Hello from across the pond

[@wolvoman1]

Cheaper and easier to paint with tar based paint

[@waffle_chair9269]

I was thinking this. But given both ends are still exposed to water etc, wouldn’t that just trap moisture? They weren’t asked for any evidence that it actually doubles the life??

[@b-dogs1038]

Yes no evidence & how much extra cost? There were some missing questions this presentation..

[@johnsweeney6072]

That stumped them 😂

[@aaronhurst4379]

Blimey, that's one of the quickest offers I've ever seen made in the Den

[@BenjaminGoose]

Editing.

[@Davies28]

It’s crap anyway, I’ve never seen one fencer buy it and I’m in the trade

[@Neil2022]

Peters quiet…

[@jasonm4332]

if the dragons were concerned the duo had no confidence in meeting their targets after declining deborahs deal , why didnt they just state that before withdrawing their offers -just put that theory/assumption on the table and have a dialogue

[@andygill2698]

If they had no confidence in them believing that they'd meet their targets, then the dragons would have no reason to believe further arguments presented.. Conversely, the network might have had all of the footage/time that they needed for this pitch by the end of it.

[@PitterPatter20]

Actions speak louder than words.

[@9999NitroRc]

just paint with bitumen rubber £8 per can of 5ltr from diy shop paint with brush 🤓🤓🤓 any fence post 18 inch does same job before putting in ground doubles lifespan and no blow torch needed

[@SECRETORDEROFTHEKNIGHTSTEMPLAR]

Damn..These are old clips..

[@peterd788]

Yes, but this was a lucky escape for the brothers. They kept the equity and now supply to utility and fencing companies worldwide. They recently sold their 10 millionth product.

[@waffle_chair9269]

@@peterd788 where did you find this info?

[@MauiTaha]

04:10 "We licensed that to a large German" Who? Seargant Schultz?

[@noahg8784]

Why would they want an investor who has incentive to see the business succeed just below the targets?

[@markpatterson2764]

To be fair I've seen a few buisness owners lose deals on here by being petty on percentages here i think it was the other way round.

[@longq5198]

We invest in ideas and people. We have an idea but no people.

[@TRex-dd4ze]

Who knows and fair enough. It's their decision. It's not like they can never get another investor ever now. It's still possible. I could see what they mean about that extra pressure. You want to enjoy what you're doing too. If they hit their targets two months later than projected, that's still successful, but then they'd lose 5% more of their business. Maybe they don't want that over their heads for years while they run their own business.

[@birdandthe]

Long hot dry summer.... posts not rotting, farmers adding water around posts to stop shrinking soil....6 months with no sales...got enough in the bank... ?

[@Jivehooks]

This must take the award for the most awkward episode of all times

[@waffle_chair9269]

They usually hammer people for cost to produce product and what they sell for etc and then this episode, none of that was disclosed???

[@kevindunlap5525]

And I'm George George, standing right By George.

[@self-preservationsociety7057]

Do they call their sons Boy George?

[@markdraycott3974]

This is not a unique product, it is literally just a heat shrink tube that has been used in High Voltage cable connections for years, these guys have just used it on a wooden post instead of a cable, 3M, Prysmian, Tyco to name a few all manufactured this type of tubing

[@LiterallyMark1]

Entrepreneurs: I’m looking for 10% Dragons: We’re willing to share the equity at 20% each

[@stedoyle]

The dragons are always so petty. Respect to the businessmen for sticking to their guns.

[@davidmg1925]

Why arent you up there doing it better then?

[@nero3700]

I respect people for sticking to their guns, but it's different when it's illogical. It's okay to aim high and expect to fall a little short on your your targets, but they had so little faith in their targets they didn't even expect to reach them with the help of a dragon...

[@BenjaminGoose]

@@nero3700 Agreed. They "strongly believe in their product" but not enough that they think they'll actually reach their targets.

[@ammannadeem7424]

The show has changed a lot since then 2% offers from the entrepreneurs are now the norm and dragons are a lot nicer

[@oystla]

But the wood Will not dry indeneath the sleeve and Will rot anyway. I dont believe in the product.

[@deano8875]

the soil rots it a little but mainly its water getting to the wood and that plastic sleeve wont stop the water coming down the post so it wont work really

[@markatchison9974]

Stand your posts in a barrel of old engine oil for 3 days = same result. They don't have a business.

[@joefox9327]

Shame, Jenny would have loved this one.

[@marapeters9144]

Good for them....😊

[@BenjaminGoose]

Why use crappy wooden posts when you can just use steel?

[@alchemist7474]

ummmmm....these have been selling in the US for a couple decades

[@artemis01]

They did well. The Dragons wanted the brothers to cave first, but they didn't. They have a good product and the Dragons wanted in, but they got too greedy

[@MatecaCorp]

I thought it was a good idea, but when they said they partnered with Network Rail I knew at least one dragon would jump on the deal

[@jonathan0834]

Posts just need is creosote , just cover the post an it’ll survive for decades

[@asadm9522]

The so called investors didnt mention what they will add, how they will support product, they didnt look particularly excited by product. Good on guys. They look stuck up, they need to be replaced.

[@caitlinx3816]

Dumb comment

[@peterd788]

They've now sold over 10 million of them.

[@interstellarliving]

OMG lost all deals for 5%!!!

[@SilverMist0121]

Great loss of investment there

[@brightspark4817]

theo knows nothing about water and oxygen where they meet

[@user-xn2hf9re8r]

greed and arrogance

[@marapeters9144]

The right decision. Not poor

[@davidmellish3295]

Pair of idiots really, they could have had their 25% if they hit the targets that THEY SAY they will hit,so they could have had the 25% they wanted ,it made no sense turning down that offer

[@Spridium1Jono]

Damn the dragons get so offended so quickly. Also, Hillary forgot to bring her Dalmatians again.

[@sohovlogs8452]

They screwed up

[@gman007ize]

Not heard of UC4 Treated posts or Creasote treated posts? No one outs untreated posts in the ground 😂

[@davidhopkyn-rees5986]

Why on earth would one require this product. All our posts here in New Zealand are tanalized.

[@peterd788]

Pressure treated timber uses chemicals and has a cost disadvantage. Their company has sold millions of these around the world so there's clearly a demand.

[@whipasnaper]

It's worth 10 million now

[@oystla]

@@peterd788 But the wood Will never dry out under the sleeve. Therefore Will rot anyway. I dont believe in the product.

[@devonblue]

First class ........post😂

[@captainhindsight8779]

The dragons are so childish and arrogant.

[@adamsapple5544]

Its not even about the 5 percent its about the dragons ego which from the start they were being greedy and asking too much glad the dragons didn't get what they wanted.

[@ChicDead26]

ouchie

[@903podcast]

I bought this and used for a while. Was ribbish and didnt work

[@adamlacey81]

Notice how Evan Davis never wears a tie, that's because his 'suit' is actually a one piece garment that can be pulled off in one go. Not because he is Superman, it's just practical for his sudden urges when he wants to disrupt a pitch or give an entrepreneur an experience they'll never forget.

[@eringobreathtiocfaidharla1446]

What kinda boloks comment is that lol

[@royalhero4608]

This is why the entrepreneurs are out of breath when they reach the Dragons, not because of the stairs but because they have gone through multiple rounds with Davis downstairs

[@Bachokmee]

Theoper fetus 😂 according to captions

[@iranicus]

Fish and chips for lunch today 👍

[@antoniellahogstrom6198]

I'm oat/ Duncan

[@birdandthe]

Funking posts !

[@Jessica7318]

11:23 Hillary's sentencing gets me wondering if I'm just not understanding the way things could be said there? Most of the dragons I understand pretty straightforward. But she says here at 11:23 - Now that can either make you a hundred thousand pound deal. Or lose it you." My issue with this is that it sounds off to me. "Make you a hundred thousand pound deal OR LOSE IT YOU." - I feel like it should be: "Now that can make you a hundred thousand pound deal, OR LOSE YOU IT." Am I wrong on this? Does the sentence structure of: "or lose it you" not mean something different than: "Lose you it?" Lose it you - not sure what this means, perhaps some idea that something is missing out on having you. Lose you it - Clearly means this thing costs you the deal, or causes you to lose it. This is something so small but nags at me so much. "Can either make you a hundred thousand pound deal, or lose it you." Just sounds so much to me like it should be: "Can either make you a hundred thousand pound deal, or lose you it." Thank you all for your time. Maybe it's just a different way they say it? or maybe she is just rambling and knows what she wants to say but mixes up the order of the words at the end?

[@samsschool3639]

Shes a northern lass

[@dylancorcoran3929]

pointless product when you can get creosote pressure treated posts that can last for 15-20 years for a bit extra.

[@Farquad76.547]

expert over here

[@user-mt5ew9mk6r]

Greedy for money 💰 🤑 💸 😎 Deborah wanted 30%

[@birdandthe]

Creosote

[@crazy-jake]

I wouldn't have accepted any of those offers either.

[@nt7863]

They did the right thing. They’re loaded now

[@michaelsingh9035]

A pair of charlatans !! 😂😂

[@nxesr]

It's their business and for Hilary to say I've lost confidence is a freaking joke.

[@ahh1180]

Tough sticks I suppose

[@kellingtonlink956]

Or… just get plastic/PVC posts… like I recently did. Thanks for the video.

[@MrTibbs12]

They aren’t always aesthetically pleasing

[@peterd788]

Plastic fence posts lose their strength and fracture in hot countries and have a high carbon footprint.

[@AScaryOrange123]

A lot of people prefer the look and feel of wooden fence posts.

[@gordonbennet1094]

GET CONCRETE POSTS.

[@oystla]

The wood would never dry underbetal the sleeve and Will rot away. I dont believe in the product.

[@brandonvernet]

Looooooool

[@marapeters9144]

Illogical??? 😮😮 they are doing the right thing 👏 🙌

[@Erickhetfield]

You are not very good at math

[@shadowxxxyt9589]

Big headed dragons....

[@WayneBagguley]

Greedy dragons.

[@frankzappaspussy7362]

they would not be multimillionaire Dragons - if they were not greedy..

[@olimot8081]

Petty Deborah being her usual petty self

[@shadaba.qureshi4367]

the businessmen duo did not say anything wrong, they stated and stuck to their commitment of 25%, there track record is testament, which dragons believed and still doubted them. dragons i believe had their ego and greed that was very clear.

[@matthewgoodyear8818]

It shows though that they didn’t have full belief they would hit their targets. Would of been reduced to 25%

[@whipasnaper]

Now it's worth 10 million lol

[@wildnfree101]

That's not true, if it was worth 10 million they would have sold it. Companies worth half a million which is less than the dragons den valuation

[@wardosravin]

Run now, troll.

[@joewas2225]

Complete Bullshit

[@caitlinx3816]

They’re actually only worth half a million of you actually do your research 🤦🏻‍♀️🤣certainly nowhere near 10 million and not enough for an investor

[@simmersammy9591]

Jenny couldn't make it for this episode because *she's out*

[@chaytiano6896]

SHUT UPPP

[@jay-ur1mj]

the dragons are so soft skinned my god

[@erepsekahs]

I find Cruella always looks so cold, dry, and dangerous.

[@ambalabibo]

she’s passed on brother let it rest 😂

[@kaliou6645]

First😉

[@ifwecouldvote]

Class mate. What do you win?

[@simmersammy9591]

​@@ifwecouldvote looks like some people like coming first 😅

[@peterd788]

@@ifwecouldvote He shouldn't win anything. He posted his comment less than a minute in to a video lasting 14 minutes. It's a very sad hobby.

[@tanvirhussain8763]

Technically we all came first in life and won the most important race

[@RockyDave]

@@ifwecouldvote Lifetime achievement award.