Magic Whiteboard Sparks Five-Way Bidding War | Dragons' Den

Neil and Laura Westwood are pitching their Magic Whiteboard to the Dragons...They're seeking a £100,000 investment for 15% of their business.
Season 6, Episode 5
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 #MagicWhiteboard #CleverInventions

[@easycoding8255]

Peter looked like a total prat in this pitch. He was rude, had no vision for the product which to me seemed really sellable and didn't even listen to them before saying he was out. I'm glad they proved him wrong and are doing well!

[@tooshlong]

Peter admits on a later show for a sticky note invention that he missed out on this and felt a bit of a Wally. He's human. Mistakes init.

[@prizma45]

@@tooshlong 🧢

[@caitlinx3816]

He’s only human he’s bound to make mistakes! I would’ve thought the same back then!

[@farhanatashiga3721]

@@tooshlong might be a giant both figuratively and literally but still an imperfect human at the end of the day

[@tooshlong]

@@farhanatashiga3721 just seems to go without saying that you can't predict the future. So watching nobody bums using hindsight to laugh at a guy who didn't have hindsight to reference at the time, is very odd.

[@charliemckinnell2163]

Nice work Peter. Cocky little "I'm Out" and just like that you loose out on 65M. Round of applause for the big fella.

[@tooshlong]

I'm sure the billionaire who gets more right than wrong will cope without the round of applause from some bum on KZbin lmao

[@charliemck5363]

I disagree. Everyone loves a round of applause, even from bums on KZbin.

[@samsun99]

Honestly I don't know when this product came out, but where I live, I haven't seen something similar to it. We still use whiteboards and flip charts.

[@AF-vm6xx]

@@samsun99 think it’s being used a lot in medical branche

[@philipjohnkaye8890]

Grow up

[@adityasalian7631]

Loved the look on Peter's face when he realised his mistake

[@jiwachhetri9262]

Don't understand why he getting hate. In business, you will win some and lose some. But considering his net worth is over a billion, it's safe to say he is right the majority of the time, hence he is one of the richest person in this country.

[@oneoneday]

@@jiwachhetri9262 i think in this instance it's deserved. Writing "i'm out" on the whiteboard was uncalled for

[@eboyjim]

We use this all the time. It's a lifesaver. Doing a big workshop in a hotel conference room you can plaster every wall in them and leave no mess afterwards. Peter was wrong about this one.

[@spxrz2892]

The thumbnail wasn’t loading for me but I saw the title had “5 way bidding war” which told me that this Episode wasn’t from Jenny’s season.

[@chrissiec5810]

😂

[@TheEsotericProgrammer]

It used to be an achievement to get 5 offers, now it's practically impossible

[@cugwuh]

😂

[@tammysuetaylormusic]

It went on to be one of top 5 investments from Dragons Den

[@luxgoods]

It’s now considered a number one most successful investment.

[@BDogs10]

Wow

[@karinaf8537]

Title: Five-Way Bidding War Reality: Only four of them

[@DamiensTrainsandTravels]

Peter just wanted to write I'm Out! On the whiteboard, cost him!

[@georginawatsons8824]

i love how down to earth they were

[@jesusbermudez6775]

Peter certainly went out too quickly. He should learn the art of patience.

[@KarlHamilton]

Peter Jones doing his Jenny impression there.

[@mac_tire_aonair]

What a lovely couple! Delighted to see them doing so well 🙂

[@aightm8]

Great product. We had them in our office. Basically made an entire wall in the office a whiteboard.

[@readmycomment3157]

This is still a top selling product today

[@paulwright9749]

What was Peter thinking - there are thousands of applications for this product. Well done to the couple and I hope they are enjoying their millions 😮

[@harlen07]

Peter learnt a lesson that day for sure

[@chrislaw4189]

This isn't a five way bidding war!

[@Figgy20000]

Peter forgot to stay in long enough to hear that it already made the original owner filthy rich

[@DaviesD85]

I know Peter's a multimillionaire, but sometimes he lacks vision. How could he not see the huge potential and scope for this product? I feel old now, I remember watching this one when it aired. How did they do in the end?

[@Petertronic]

Deal went through, looks like a success story, they bought back Theo and Deborah's 40% share in 2015

[@LKNL13]

They seem to be doing pretty well still

[@charlikeal913]

I recognized the product before they even pitched it, we used it all the time during college practical lessons - it's become a classroom staple

[@tooshlong]

"sometimes he lacks vision" = Successful business man with hundreds of successful investments sometimes makes wrong call in predicting the future, really isn't a hot take. Average KZbin commenter IQ is very low, isn't it?

[@DaviesD85]

@@tooshlong oh what a mighty keyboard warrior you are! Get a grip you crank, upset your comment doesn't have a single like?

[@khaderabdi5574]

I was watching 11 years this show and I love it . This is my time to come 🙈soon

[@shinmentakezo9793]

Good luck bro

[@moogleking]

Go get them tiger

[@m7thena]

This business is worth 65M now. Bet you look smug now Peter

[@JL-gf3yc]

Oh great upload 1 you did yesterday

[@alexandergoot]

this was uploaded like yesterday

[@noahbawdy3395]

The product looks really impressive. I don't understand why Peter jumped out so fast.

[@sarcasticstranger3817]

And I don't understand why it says "five-way bidding war" when Peter Jones is out immediately ¯\_(ツ)_/¯

[@noahbawdy3395]

@@sarcasticstranger3817 IKR ?

[@casanova--]

My guess is that all the Dragons already roughly know the pitch and the idea ahead of filming. They might already know a deeper insight of their business and Peter might of seen a flaw that was not explained during filming.

[@marchumphreys3865]

@MusicMaster1987 he did not bid in that time .

[@cekojuna6930]

@@casanova-- to my knowledge the dragons get the idea or concept of the pitch beforehand. This is to find out there is conflict or not early on. They only get the deeper insight during the pitch itself, which goes for hours and not minutes.

[@lizclegg7556]

What is it with Peter. He just doesn't seem to get it sometimes, he has bizarre views about things, and sometimes he gets mortally offended by nothing very much. I was waiting for him to be outraged by their clothes or hair or something. They seemed like a nice couple and I'm glad they're doing well.

[@markderham6488]

Hang on five way. Peter Jones was out first.

[@phillipobrien3480]

There were still five potential offers.

[@codysnecktattoo3340]

But the others made offers in multiple configurations

[@markderham6488]

@@phillipobrien3480 hello true but you could say that about every pitch on dragon den.

[@elizium1958]

This was just screened yesterday from you...!

[@darrennorniron]

We use these in work. Expensive but they are brilliant

[@ShinChua]

peter not happy because he failed to influence other dragons and being left alone xD

[@ianlister7333]

its honestly surprising to see the Dragons go all in on a territory deal like this one. Even more so, not in like the first few series.

[@mikeadriano3330]

Neil looks like Sickboy from trainspotting when the coke starts wearing off 😎

[@Realn1gg4-ez4jf]

Lol

[@fergusmurphy3724]

How was this a five way bidding war when Peter went out right at the start?!🤣🤣🤦‍♂️🤦‍♂️

[@halfsourlizard9319]

This stuff looks great! I want this.

[@michelleodaniel3306]

Every classroom needs this for student work - teacher board work and it leaves the board clean when you leave!

[@isaacabbott3456]

These were used during my exams by the invigilators... wow

[@FUCKCENSORSHIP747]

This would be much more affordable than a whiteboard. I would probably buy one if I had a need.

[@ryanmorgan9589]

You can buy cheap whiteboards. I can buy one for $20 more then this item. But that's not the point of the product. It's not there to remove the whiteboards

[@MovingToAustralia-MikeBentley]

Great episode for DD fans. Lovely couple, great product (I'm googling where to buy this right now), Jones mistakenly jumping ship early leaving the other Dragons to seize the opportunity and then looking genuinely happy when the deal was finalised.

[@OpinionatedMonk]

I teach in the community in loads of different rooms, buildings, classes etc and I use this all the time. They're brilliant.

[@caitlinx3816]

He made a mistake he’s only human

[@PlanetWomble]

A really genuine couple.

[@alexc5564]

Useful product 👌

[@joanjerop2116]

Jumping ship too soon was not a good idea, now working from home makes this a basic need since I don't want a whole whiteboard now. Where do I buy it?

[@Dmrdecs]

This was on last week?

[@fergusmurphy3724]

This doesn’t make any sense. They say that an identical product, presumably made by an overseas competitor, is selling 200,000 units in Japan and then later in the episode Theo asks if they’re the only product in the world of this type and they confidently say yes🧐

[@Hardeepv6]

The company today is doing very well! Congratulations to them. All the best. Turnover over 1M, very well profits

[@GoodDay006]

This is the biggest success

[@genrerationx]

Peter missed the 30 million net worth

[@sanjanewmoonlife]

This is good idea 💡,also for kids in school 🏫,nursery ,even kids playing games.

[@Ron-id1ze]

It’s a awesome product

[@Khonnell66]

This was literally uploaded a day or so ago!

[@drunkdunc8738]

The writing was on the wall but they proved this product was on a roll 😉🍻

[@ElectricEarth]

Ha ha. That was funny. Allwhite, I'm board now.

[@chanchito4401]

I think one day the Dragons should prank an investor by turning all of their chairs around so they are facing the wrong way

[@maniraptavia4008]

I'm still waiting for a deckchair-selling entrepreneur to come in in sunglasses and shorts and just pitch up a seat next to the rest of the dragons 😂

[@JazzyMarineVet]

I LIKE THAT IDEA....EASE THE TENSION

[@AliKhan-yx1dy]

the best product on dragons den for selling etc

[@arkiteck1273]

They should framed the IM OUT! peters signature....it will be a remembrance and same time insult to Peter..😂

[@champagnesupernova777]

Peter with writing “I’m out” 😂😂😂😂😂

[@ukseverestormchaser]

They should have written "Your loss" under it!

[@itgirlhotgirl]

This went on to be a very successful product, although I don't understand how they were able to sell this product when they were not the inventor or patent holder? Did the patent holder give them the rights or license ??

[@hiimjustin8826]

Literally the first thing they say.

[@reeset]

Exclusive selling rights were mentioned like 10 times ;D

[@Bor-Time]

I was more interested in how they know the inventor(s) and where it originated from but no history was shared. Most of the times the Dragons want to know exactly where, when and how.. Odd or editing?

[@erepsekahs]

I see Deborah was so excited that she was literally rubbing her hands together at the very end.

[@philipjohnkaye8890]

Didn't they have a similar project being pitched years ago?

[@carlhamilton8531]

It was always normally Theo and Debs that joined forces on a deal and they seemed to discount Duncan and James.

[@tommy_svk]

Peter's argument was what was ridiculous. "Why would I use it? I have a whiteboard!". Where I'm from a big whiteboars costs around 50€. This is almost half the price, it's much more compact, you can put it literally anywhere, I mean it's so obvious that this is so much better than a regular whiteboard. Imagine a new school is being built and they need whiteboards. Why would they buy a regular one when they can have this? They could provide one roll for each teacher who can then use it on all their lessons. Imagine how many schools you could sell this to! And that's just one of many areas where this could be use. This is such a cool product!

[@franklinegbuche7097]

*No way they failed to negotiate it.*😭😭😭😭

[@EnjoyLife179]

Jenny phoned up after the show and said . . I’m out.

[@orlovsskibet]

Wasn't it four-way, not five-way?

[@elliotbullman4765]

She goes to the post office and takes the Rolls (4.38) Did my ears deceive me?

[@hsjasmap]

I can't believe Peter declared out so quickly. I like it myself if they had an A5 size I'd carry it everywhere with me

[@deano8875]

they love a repeat haha

[@SteveWideawake]

LMFAO @ JONES

[@khandadonb111]

You literally uploaded this 2 days ago

[@sanjanewmoonlife]

I cannot wait to go on 🐲🐉 Dragon's Den with my Inventions 💡💡💡product... I'm the winner 🏆🏆🥇🥇 of the Humans..

[@coastalsandwich]

We have these in the office, they were used once and never again

[@isaaca6445]

Haha! I came here after seeing a newspaper article saying how well they're doing after being rejected by the dragons. And I just realized that we used this at work the other day. Edit. After watching the video it turns out they weren't rejected, confirming to me how full of crap newspapers are.

[@sifashion3684]

This is the most successful business that’s appeared on Dragons Den

[@sindrek632]

Never saw those in Norway, big cap

[@andymartinez767]

Five way bidding war, Peter is out, so where is the 5?

[@olliebeak131]

Four-way bidding war...

[@npc-bl2vw]

Deborah's all about the recycling... until the £££s come along...

[@marchumphreys3865]

How was this a five way bidding war if there was only 4 out of five bidding ? Peter went out straight away without a bid . Click bated title.

[@SuperTerminator50]

Peter shot his self in the foot way too early on this one.....

[@ocubex]

These dragons obviously don't attend corporate events or office workshops.

[@billymabum3514]

Can’t believe Theo bowed down to Deborah , what a weak man

[@TheDomainNameGuy]

Didn't they buy the dragons % of company back later on?

[@user-rc9ml9bz9u]

Laura's got such a CUTE accent!

[@elburko666]

I’ve seen this before. You’ve no USP. For that reason, I’m oat.

[@liv-pk7jb]

😲40%? They should of negotiated to 30!!

[@wf3644]

They bought it all back

[@noorzakari2781]

Wow they were cruel back then. Half the money for 20 percent!

[@joewas2225]

If this was in the USA it would be massive.

[@nathancox6249]

Nice but now at £40 a roll in Ryman

[@carlhamilton8531]

I think PJ made an error here in addtion to being rude.

[@iim4xii129]

I proper fancy Laura.

[@TheEsotericProgrammer]

I think her names Deborah

[@MarcusRashford-tw2fo]

Maybe they could’ve gotten a better deal at 30 perecent

[@BenjaminGoose]

Literally uploading the same video a day later... wow.

[@91vanced14]

Maybe try negotiate a little

[@carlar10]

Peter was sooooo rude!!!!!!

[@kennedyreid2504]

I understand that this became a VERY successful product. The other dragons should have listened to the FACTS behind the pitch!

[@MW-pi2qx]

5 way bidding war eh?

[@Sb-er6bs]

A repeated upload when it's not even lunch time. Channels going down hill, I'm out!

[@jmeps95]

Then don’t watch the video nowhere does it say newest and latest videos only

[@badgasaurus4211]

@@jmeps95 You have to open the video up to leave a comment ya plonker

[@hennersss]

Byeeee

[@jmeps95]

@@badgasaurus4211 think picture and headline gives it away if seen it before ya plonker

[@joewas2225]

Then go take your bullshit elsewhere. Because that's exactly what your comment is.

[@timfly767]

What an arrogant, self-inflated, preening popinjay Peter Jones proved himself to be with that "I'm out" stunt. It's a great product.

[@createdfootballleague6591]

five way?

[@neilpa]

Looks like Jenny's OUT....

[@barryfromasda6257]

That wasn't 5 ways

[@Bob_Burton]

"Five-way Bidding War" ?

[@TomNook.]

"It's beginning to sound interesting" 6:16 That look at Peter 🤣