kaiser lmao I have been for the last 3 days

😅

Who else is thinking of something to say to get lots of likes?

@@monty0289 Theres too much irony in your comment . For that reason I wont be investing and I'm out.

I’m watching it but the more I’m watching the more I keep thinking how utter crap this show is.

fo sure

they should put it out of its misery.

Widow Twanky.

How long has a drag queen been on Dragons Den?

MajorJim! That "thing" is a woman who is a multi millionaire and is living pretty well

I was thinking this exact thing. Quite literally the most retarded shit I've ever heard from a so called entrepreneur.

She did mentioned "bridging the gap between the initial evaluation and the new evaluation" and there were no arguments for this, especially when the company has so little cash reserves. If you are so smart, why are you not in Deborah's shoes?

***** A; you know nothing about my life, and B: I never claimed to be smart. I just think Deborah Meaden is a dunce, and that's why the more intelligent and compassionate of the group (Peter Jones) has continued to get richer as this show has gone on, whilst her value has remained stagnant.

***** Can you elaborate on what you mean please? The product had been improved on since the 3 investors at£50 000 were in the picture with his investment of around £50 000 as well. That investment played it's role and I believe, according to his statement, that are now paid and that is no longer an issue as the company has now improved due to the cash flow injection. So for a more advanced product, Deborah was asking for the same deal as the initial investment or better. Peter felt insulted by this because he felt for some reason that the man viewed their input as mediocre when compared to the initial investors but I'm not sure how he could come to that conclusion. If they were in anyway better than the Dragons, then he wouldn't be there. He was there for £250 000 injection in to a growing business. The projections were based on a £250 000 investment from the Dragons. I thought the idea was to go in and show what the business could do with a cash injection and be profitable and therefore give the Dragons reason to invest but didn't he do that and then get told his company wasn't worth the evaluation? Thanks.

As far as I understand, they did not asked for the same deal. In fact, the "end deal" was for 250k for 30% of stock; the original deal was 50k for 30% of stock. I am not going to watch the entire clip again, but at some point one of the dragons said "the evaluation is wrong". Not a single dragon said that he wants exactly the initial deal.

they know exactly how that works, but they are just good at negotiating

Efe Ozata no they are shit at negotiating, they gang up and then give out a silly offer , while smirking to their other dragon mates -- that should be warning enough. Problem is that most of the people that come on are a bit desperate so they end up going with it.

And that is the opposite of good negotiations?

No, for the dragons it probably felt like a really good negotiation, but they didn't negotiate in a gentle way. Honestly I would have said that they could fuck off.

What was the name of the comic you got your profile picture from?

Saw that too. 🤭🤫🤣

Hope so

Probably lipreading, or hard of hearing

It may be that it was to support him in a strange environment. He is used to the way his partner communicates. He no doubt uses a mix of communication tools...as most Deaf / deaf or hard of hearing people do. :) He definitely had what is often referred to as a 'deaf voice' and wore hearing aids. In addition, the lighting may have impacted on his ability to follow what the Dragons were saying, particularly if more than one were to talk at the same time. (He wouldn't have known when he went in there it was down to one Dragon.)

I said this immediately...... Cagey as Nick Cage

Yes, he was the smartest guy in the room ;-) Although at one point - edited out - he pulled out a piece of cardboard with "£250,000" written on it and told me to consider what a "lot of money" it was. All I could think of was "Where the hell did he get the cardboard from????"

Really ? He is the one of 3 , i really can't stand ( Hoppen and Elenor too)

Lazerus 64 what about the line ‘ so you’d like me to give you £100,000 of my children’s inheritance.....?’ Got to admit that’s funny

@@quokkapirquish6825 maybe the first time. I prefer Sara Davies and Sarah Willigham myself. I think they are genuinly nice people. Touker and Piers are ok too.

Lazerus 64 Maybe too much working class banter for your taste?

what "system" ? it's a crap business that never made a profit but left many customers out of pocket.

CrimeJail Maybe only Developers will understand the many hours he probably sunk into making it work. It's not easy at all.

I'm currently studying "Internet Systems Development", a four year course, in college. Basically it revolves around programming databases (SQL), software (Java), all things regarding the web (HTML, CSS, PHP, JavaScript and so forth), etc. The website is quite poorly designed and is not pleasant to view. The one thing I can imagine that would be difficult to do is pricing user's books, CDs and so forth. He probably spent a few dozen [extremely frustrating] hours working on everything. Basically, imagine trying to get an entire school exam completely correct. You can get assistance doing the exam (Friends, internet, books, etc.) and then the examiner marks your exam though doesn't tell you your result, only that you didn't get 100%. You now have to try to figure out where you lost marks yourself, fix it and resubmit the exam. If you do not get 100% then the process is repeated until you do. That sums up programming. Everything has to be perfect and it can be extremely difficult to understand where you have went wrong with something.

Lol no, it doesn't take much, only problem is getting a pricing catalogue from the public library and making it into a database and the whole system ( programming wise ) would take 1 person 1 to 2 months to build :)

+Realiz what the actual fucking problem is with you?

Are you saying I can't buy 50% of Facebook for a million bucks?! But the guy in the alleyway seemed so trustworthy! :(

and the fact they were investing in an idea, were as the dragons are investing in a company. It's like a share of apple to begin off would have been nothing compared to what it is now.

Elmo - They know that... But it's a strong argument in negotiation. They are not absolutely filthy stinking rich for no reason. He has walked in the den asking them for money... Not the other way round.

I would bet everything that that guy said that but they cut that part out. Pure bullshit of the show.

And we call these dragon's??? I'd have daddied these mouses

This comment is important

FlareHomeStudio thanks, bro.

If the dragons wanted the cheap price, they should get into their time machines and give him the money before it was a success. That's like asking why you should pay the current stock price when it was cheaper a few years ago. Such nonsense.

exactly, and just to add to that, in the early days of a business of course 10% would be worth 17,000 it's not a big business, when it grows the EV goes up and so does the share prices. Why can't the dragons do basic math? of course it's worth 250k now because it's a 3mil EV, not 160k EV like before, how is that not reasonable?

Jayckob maybe the dragons thought the current valuation was over inflated. Most pitches tend to have very unrealistic valuations, many of which even factor in forward earnings projections as a component of current company valuation. None of that smoke and mirrors numbers manipulation ever works on this show. A conservative stance is the key to luring an investor.

Superb

Tells you that he's not a fool .

😂

Duncan is so tight only dogs can hear him fart.

@@johnmc3862 hahahaha xD

Yeah, I didn't understand that. I think he's lying just like every other deaf person. It's a scam people!

I did notice that. If the "deaf" man can hear well enough to whisper back and forth with his partner, why did he need a sign language interpreter when Theo spoke to him?

karlakor Lip reading.

Lol he looked partially deaf to me.. Not completely. Do you think someone would be able to learn how to speak if they absolutely couldn't hear anything at all? lol

Oh he's deaf, that explained the weird way of speaking.

If I was them I would have taken my business to some other venture capitalist but on the flipside you can't blame the dragons for asking for more because they are taking a risk on the future of this company. That's the problem with inexperienced guys like this they didn't look through the market for better offers before coming to dragons den to get swallowed up .

Daniel Son I know right. It was a start up at the time. Of course the valuation changes. Do you think Facebook investors feel insulted that Eduardo Saverin bought in at $1000 for 30%. Now how much would 30% be worth?

magicmike1122 Well over $30bn right? These dragons' seem either inexperienced, naive, stupid, greedy or all of the above. #SHOCKED

+magicmike1122 $3333.33

+Samara Weaving 1/4 Million is still a 1/4 Million, whether your worth £300m like Peter Jones, or £125m like Duncan Banatyne. Its a big investment to make, they have to be sure, and only Theo had the experience and knowledge to see the deal was a good one.

😂😂 saw that

He had to dude...he made the big mistake of telling them that their are other investors that hold the same % as the dragon will if they invest.If he needs the money to save the business then he has to give up a larger part of the company than he though he would.Better though that he did tell them cause if the dragons invested they would of found out sooner or later.Plus he is very experienced and probably has loads of connections(Theo)

obviously he overvalued his company

not if an exit strategy involves selling it off at even higher valuations- which seems to be a trend for internet businesses

Well, basically his company didn't have the book value to account for the difference that one guy pays 50 and gets 10%, and the dragons were asked to pay 250 for 7,5%. Or 1% for 5, and he wanted the dragons to pay 33 for 1%. To justify that, his book value would've needed to increase by 667% between those investment moments. Now later investors have more data to go on and have lower risks, so you can inflate your equity value by a bit, but nearly seven times as much... Ridiculous. That one dragon investor offered him 8,33 per 1%, which seems decent given his figures and business model.

Blah b Orrr he started very low knowing they would want more if they liked his idea. If he offered say 20% they might have wanted 40% in exchange for the cash

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Rose Robert

She help me recovered what I lost trying to trade myself

Thanks for introducing me to Mrs Rose Robert

My first experience with Mrs Rose Robert gave me profit of over $24,000 and ever since then she has never failed to deliver and I can even say she's the most sincere broker I've know.

Mrs Rose Robert has changed my financial status for the best. All thanks to my aunt who introduced her to me.

TheRantingBoy Dragons Den is not the place to learn. Checkout this great video kzfaq.info/get/bejne/bJ1njdeEstiYXWg.html

Neither do the Dragons. Don't worry about it.

They know nothing either

Joy Ride lol are you joking

@@jacob4690 nope

Spot-on👌🏼👌🏼

Indeed! if his predictions on cashflow were half true, he was worth 3'333'333.33 pounds!

It's now roughly worth about $11,500 so yeah haha

^ That's the value of the website based on advertising revenue, not the company itself.

Does that sound much to you comparing to the 8 million "projected" profit?

The website is now worth $5,049...holy shit it's doing terribly.

I agree. And it seems to me, that the only investors for whom it is fair to earn multiple times the investment, is the Dragons investment, not other investors. In the beginning of a business, the risk is very high, so investors in the beginning, gets a much higher equity share then when the riscs is reduced.

@@steenstube Great point, well made.

apparently He never actually invested.

I think you missed the point they were making. I agree that you can't assume the value of a business to not change over time. That said, the other investors had RECENTLY bought in at a substantially lower price (considering they paid £50k for 30% which the chap was now valuing at £1m). Considering that monumental shift in value, do you not think it's strange that the company owner can't express a single reason for the change in valuation? If he had a reason, e.g. "we had 250 registered customers at the time of the previous investment, we now have 5,000" - fine, that makes sense, let's move on! But he couldn't express a single reason for why the valuation has changed which is worrying. It sounds like ultimately it was a mixture of him well overvaluing his business (£3.3m going in to the den, £0.8m leaving the den) and getting a woefully bad deal off the previous investors.

They are just in front, nothing more. Nobody would be able to create 100s of millions £ empire in a lifetime without the proper big fishes stepping in, pumping the business and taking the big slice. We're talking about money, not apples. Definitely I sleep better at night than each "dragon" there.

It's not like they didn't give him a chance to defend the valuation. They're investors looking to buy at the best price they can get, they're not independent valuers.

I think they get it they're just trying to get the cheapest deal. Smh

Thank you.

No that’s the meal prep business

Believe me he is!

Wow, what a deal

Americans are worst, they ask for 60% or more.

am not sure but i wouldn't want to meet her on a dark cold Tuesday night in Stoke she scares the shite out of me in the light

cruella d'eville

She's lovely! Hillary Devey, businesswoman who made her millions in the haulage/logistic industry

What you say will come back to you, hope you dont mind someone talking about you like this

Isnt that Kaitlyn Jenner?

Aww, that's so nice of you to say that! Was more nervous than I thought I'd be, plus when you're under such attack you get really thrown and the answers you want to come out clam up!

Nothing ever truly disappears online. I watch it's me or the dog and some of those dogs arent even alive anymore. Which is sad but also mindblowing to think about. Still like stains stains is best dog.

@@Mogamishu calm down bro lmfao

@@magii1937 Let him do his thing :D

@@Mogamishu wow. Ur a maggot

30% for a chance of making a million dollar company vs keeping all equity for a 100k company. Which is better?

Sadly money talks and bullshit walks. Reason they are there in the first place as they have probably exhausted all other options or they need more money invested than banks or investors will give them, so it is worth the risk as they have 5 wealthy options in front of them willing to listen and possibly give them more money than they've ever made in a single year.

They took the deal and now the company is worth nothing today

They are worth over 100 million

463PR lol thats what i was thinking I thought he was deaf but how can he hear the whispers at the back i went threw the whole comment trying to see if its me or anyone else notice lol

Mat is an amazing lip reader, but it needs to be quite close up, with little background noise.

Good luck for the last week everyone

😂

Me too hey

Same Im almost top 10 lol

Beautiful Me me 😂😂

His company is worth 75mil now

*GameStop has entered the chat

Larlos 👍

Not necessarily. They might have been initial investors to the business that brought in the money, so if the company were to grow in value the price to buy in to it would increase also, meaning the price to buy shares in the business would also increase as the estimated value of the company is greater than when it started. Imagen that you invested 50k in to Microsoft when it first started and received 10%, would it be fair for someone to demand 10% today for the same price?! no of course not.

Shadwan You bossed it. Very well said I must say !

Shadwan Exactly. I was waiting for him to tell them that but he never metioned it. Obviously 50k for a start up without any track record is different to a company that is trading and showing promising figures. Very strange..

i just heard about this now and I cant find any android app to scan my junk. 250k and nobody was hired to write a simple phone app ?

I agree, that was for real the first thing i thought when i saw the website

this bloke had the cheek to bring in a pile of unwanted books by several dragons. Now see why they acted pissed off.

that comment isn't even relevant

this bloke had the cheek to post the same fucking thing on every comment. Now see why they acted pissed off.

Its a way to bust his balls and get a higher % its the right move on their part ;p

yeah .. thats nonsense. Of course you get a bigger % if you get in from the start when its most risky of all. before they even made a dime

Man there were some gutpunches, it was horrific and for an hour and a half!!! Appreciate your comments - going on TV is a combination of brave and stupid.

it doesn't matter if he's whispering or shouting because deaf people rely on lip reading

@@mostlypeaceful5621 not all of them, its why sign langauge exists

It's worth 500 mil and owned by Peter Jones

Revenue is not profit though. What profit did they make on that 2m. And owning a percentage doesnt get you a percentage of the profit per year. Or am I missing smth?

@@ifwecouldvote you know nothing about business young boy

@@ifwecouldvote yes you're missing something - basic knowledge

@@MF_JONES OK, very obvious attempt to doge the question. What was the profit?

@@ifwecouldvote pre tax or post?

It's "grand" not "grant"

? Who else is gonna write it? 🤷🏾‍♂️😂

That's an image I can't erase!

Someone has been watching Harry And Paul!

A book on his achievements, Theo thesis..

I entered a barcode from my Call of Duty Black Ops game which is around £30-60 and it went for £0,25, the website is a scam.

Christina Winther Lolk no it's not, it's worth less than £15

Christina Winther Lolk AHAHAHHAHAHAHAHHA BLACK OPS WORTH 30 BUCKS AAHAHAHAHAHHAHAHHAHAHAHHAHAHHAHAHAHHAHAHAHHA. EB games would give you 5 bucks for that piece of shit.

Christina Winther Lolk Game prices deteriorate over time, they start off at £40 and drop to roughly £5 over the course of around 6 years.

MrSmaste I've just done one for my newly aquired Battlefield 4 - Special Edition, which has only been out a matter of months, and they will give me a very generous, £0.25... Yes! 25p! I wonder if they actually get people selling stuff to them..

is that true!?

Only for animals to make clothes out of.

And theydve come back saying they dont doubt you work hard but thats how it is running a business

Amazon is a strong company. This guy has 6k in the company bank. And says he's worth 3M

idiots should have offered 29% max