This Entrepreneur Has Broken One Of The Fundamental Rules Of The Den | Dragons' Den

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Dragons' Den

Dragons' Den

15 күн бұрын

Clive Billing is asking for an investment of £255,000 for a % stake in his Diamond Geezer business.
Season 6, Episode 2.
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 #diamonds

Пікірлер: 196
@tothepast
@tothepast 14 күн бұрын
He was unusually well prepared. I think the CD answer was unreasonably punished. He did give a straight answer to a straight question
@asamusicdude
@asamusicdude 14 күн бұрын
We seem to forget that in the end most of them are snooty rich elites😂
@ib9359
@ib9359 13 күн бұрын
True.
@gappergob6169
@gappergob6169 13 күн бұрын
​@@asamusicdude Still business guy is the one giving people job. They should have more privilege tbh if we being fair.
@michaeljohnson1003
@michaeljohnson1003 5 күн бұрын
truth ​@@gappergob6169
@danielmoksmann5654
@danielmoksmann5654 5 күн бұрын
Wholeheartedly agree.
@AbhishekSanyalTGV
@AbhishekSanyalTGV 14 күн бұрын
Just a few seconds after getting a bashing from Duncan... Theo: "Hello, I am Theo" Guy: "I know you are Theo :) "
@charl7508
@charl7508 13 күн бұрын
He seemed like a nice man, there wasn't any need for them to be this harsh
@user-yt198
@user-yt198 13 күн бұрын
Theo and, unless entrepreneur is a pretty lady, Duncan always do that. This time Theo smelled the sweet opportunity and stopped crushing the entrepreneur.
@jack-a-lopium
@jack-a-lopium 13 күн бұрын
Business is tough, it's a tough world, etcetera etcetera.
@TheDrunkCook111
@TheDrunkCook111 6 күн бұрын
@@user-yt198what?
@user-yt198
@user-yt198 6 күн бұрын
@@TheDrunkCook111 What what?
@TheDrunkCook111
@TheDrunkCook111 6 күн бұрын
@@user-yt198 i don’t get it lol
@Jivehooks
@Jivehooks 14 күн бұрын
He should be named James Calm
@shogunero3.6
@shogunero3.6 14 күн бұрын
This is from 2008, this man is still in business. If you check the website, it says it was rebranded and they seem to be doing well. He made the right choice. Happy for him.
@BenjaminGoose
@BenjaminGoose 14 күн бұрын
What do you mean they "seem" to be doing well? Based on the appearance of the website? companycheck gives it a net asset worth of less than 2k.
@shogunero3.6
@shogunero3.6 14 күн бұрын
@@BenjaminGoose “Based on the appearance of the website” yes.
@jasonking2218
@jasonking2218 14 күн бұрын
Apparently he passed away from complications related to aids
@fredmercury1314
@fredmercury1314 13 күн бұрын
He could've done it all himself. He just needed a rebrand and to do some advertising. He's a mug.
@colettebrennan1840
@colettebrennan1840 13 күн бұрын
@BobFred1337
@BobFred1337 14 күн бұрын
Whats everyone eating while they watch this gem of a video
@Ryanjoned163
@Ryanjoned163 14 күн бұрын
Food
@beavis4763
@beavis4763 14 күн бұрын
BBQ chicken pasta here.
@jackking9271
@jackking9271 14 күн бұрын
Salt and pepper tofu
@amarmallhi3997
@amarmallhi3997 14 күн бұрын
Meat feast pizza with green chillies on top and a bit of garlic sauce on the side. Bosh!
@peterarchibald3152
@peterarchibald3152 14 күн бұрын
Cheesy pasta 😅
@COLD17
@COLD17 13 күн бұрын
They wanted 40% of the business which includes a property worth 540k. They basically offered to take away 40% of his business for free with no risk.
@fredmercury1314
@fredmercury1314 13 күн бұрын
Minus the 500k debt.
@AwesometownUSA
@AwesometownUSA 13 күн бұрын
the entrepreneur’s initial valuation was £1.7M the dragons’ offer (at 40%) effectively valued the whole business at £637,500 his counter offer (30%) would have brought that up to £850,000
@user-yt198
@user-yt198 13 күн бұрын
Also the investment they make goes to the company, not to the entrepreneur. So basically 40% of the investment automatically becomes their own money.
@deepzd6839
@deepzd6839 13 күн бұрын
@@user-yt198 Becomes the companis money tho
@jack-a-lopium
@jack-a-lopium 13 күн бұрын
The point of evaluating the company assets is to offset risk... meaning if it all goes South then they're not left with paying for losses. It's all maths and James was quite clear on his arithmetic. The dude 'agreed' to the terms insincerely, he had no intention of sticking to the terms, he was essentially messing them about.
@divian22
@divian22 13 күн бұрын
11:52 - Theo straight out of a Guy Ritchie movie 🤣
@AynOtori
@AynOtori 14 күн бұрын
Experiance??? You guys drunk already?
@siggylloyd3566
@siggylloyd3566 14 күн бұрын
Guys who run the channel are ESL.
@AwesometownUSA
@AwesometownUSA 13 күн бұрын
dude they are def wasted
@TomNook.
@TomNook. 13 күн бұрын
Damn interns
@Noelhall88
@Noelhall88 10 күн бұрын
This isn't even the first time. They might not know how to actually spell it 😂
@Dude-etiquette
@Dude-etiquette 13 күн бұрын
Poor people mine diamonds on slavery wages and men in suits make millions doing nothing
@user-mm7gv5hf3o
@user-mm7gv5hf3o 12 күн бұрын
You forget they often work long hours in dangerous environments
@djae6083
@djae6083 14 күн бұрын
R.I.P Clive
@blood_upon_the_rose
@blood_upon_the_rose 14 күн бұрын
He's still alive you reprobate
@xwulfd
@xwulfd 13 күн бұрын
i still think hes alive though
@1337murk
@1337murk 14 күн бұрын
Diamonds are such a scam
@NullifidianYT
@NullifidianYT 14 күн бұрын
Yep. I rather buy some food.
@welshfinn1
@welshfinn1 14 күн бұрын
What you on about? I love highly pressurised, heated coal.. carbon ftw. Rare, and no link to blood money
@iconofsin1043
@iconofsin1043 14 күн бұрын
I would love to have a ring made from a meteorite, which is older than the earth
@user-yt198
@user-yt198 13 күн бұрын
Kryptonite is much better.
@eat_ze_bugs
@eat_ze_bugs 13 күн бұрын
So is bottled water but that doesn't stop people from buying it.
@hamza361
@hamza361 14 күн бұрын
The greed from these guys is unreal. They wanted 40% of his business and asked him to include the premises that the business operates from. They also wanted him to remove his directors loan which is basically the salary that he withdraws. Lmao how ridiculous!
@Rossi_x7
@Rossi_x7 14 күн бұрын
The business was in debt
@RealRushinRussian
@RealRushinRussian 14 күн бұрын
I mean you're right but you do have to factor in that a jewelry business (of all things) operated for FORTY YEARS is still barely making any money. The Dragons would have to do all of the work if this guy couldn't figure it out in forty years. But yeah still it's pretty greedy, I bet a 2-way split 15% each would've worked, probably without Peter though.
@billyscorner2232
@billyscorner2232 14 күн бұрын
@@RealRushinRussian he has 250k+ in stock and owns a building which was 75% paid off. just because you aren't reporting a profit doesn't mean you aren't making money.
@RealRushinRussian
@RealRushinRussian 14 күн бұрын
@@billyscorner2232 alright that's fair I admit this was just "second monitor noise" and I missed the stock part entirely
@fredmercury1314
@fredmercury1314 13 күн бұрын
@@RealRushinRussian How _do_ you spend 40 years selling something that people want to buy, and not be successful?
@Hoopspur
@Hoopspur 13 күн бұрын
My name is Clive.....Trotter.
@Ryanjoned163
@Ryanjoned163 14 күн бұрын
Large tin of pek and chip's with 5 slices of bread and a big bag of maltezers for tea for me this evening 😂😂
@DeadSetOnDestruction
@DeadSetOnDestruction 14 күн бұрын
Nice! I found a leather shoe that I was able to boil, the rubber become almost like a glue and I was able to consume it. No nutrition in it though, but that's where the fresh caught insects came in. Hoping tomorrow's haul will be better. ❤
@Ryanjoned163
@Ryanjoned163 14 күн бұрын
​@@DeadSetOnDestruction😂😂😂😂😂 sounds good any sauce 😂
@C0D97
@C0D97 14 күн бұрын
You animal
@Ryanjoned163
@Ryanjoned163 14 күн бұрын
​@C0D97 you're dads boyfriend made it 😂
@DeadSetOnDestruction
@DeadSetOnDestruction 14 күн бұрын
@@Ryanjoned163 Raw, just like your mother likes it
@Cuckie1996
@Cuckie1996 14 күн бұрын
What is the punishment for breaking one of the most fundamental rules of the den?
@Akhanya_
@Akhanya_ 14 күн бұрын
do not dm the dragons before walking up the lift.😅
@jasonking2218
@jasonking2218 14 күн бұрын
You have to toss tookers salad,after he has had a curry
@DeadSetOnDestruction
@DeadSetOnDestruction 14 күн бұрын
@@jasonking2218 Ngl im semi from hearing this
@UnknownUnrecognized
@UnknownUnrecognized 14 күн бұрын
depending if it is female or male?
@DeadSetOnDestruction
@DeadSetOnDestruction 14 күн бұрын
@@UnknownUnrecognized Trans-female
@deepgeny1
@deepgeny1 14 күн бұрын
Excellent peter
@xwulfd
@xwulfd 13 күн бұрын
Barbara: you clearly followed all fundamental rules in growing the business so im out
@tractorboy6736
@tractorboy6736 7 күн бұрын
Whats your background, its brick wall, sorry i took you literally!
@calskichannel6888
@calskichannel6888 13 күн бұрын
YT auto generated captions … Theopuss 😂
@Pobsta-de7hb
@Pobsta-de7hb 13 күн бұрын
Oh god, Calm down and pick your nails debby. It is one thing to mention something but the way that thing goes on lol
@hiimshtixy1220
@hiimshtixy1220 7 күн бұрын
Sometimes people don’t understand that they have a different view on what they want and how to live with their life in a different world and how they can be more comfortable and happier and more productive in a way that’s more important.
@fabycho6791
@fabycho6791 10 күн бұрын
Now everything's sold only even diamonds
@johnhewett9483
@johnhewett9483 13 күн бұрын
With his level of profit of 3k i am surprised he got the offer he did
@neilus
@neilus 13 күн бұрын
What a terrible name for such a high end product...so tacky!!
@ThePrimeMinisterOfTheBlock
@ThePrimeMinisterOfTheBlock 13 күн бұрын
He does look like a Clive
@slowdownex
@slowdownex 14 күн бұрын
Either his idea isn't all that unique, or his SEO sucks.
@BenjaminGoose
@BenjaminGoose 13 күн бұрын
Or a million other issues.
@tothepast
@tothepast 14 күн бұрын
He talked about fightclub
@Rossi_x7
@Rossi_x7 14 күн бұрын
Anyone what happened to this after the show? I’m guessing he changed the name because diamond geezer doesn’t show up on google
@Sam-xq8xh
@Sam-xq8xh 14 күн бұрын
Rebranded to Compare The Diamond
@Rossi_x7
@Rossi_x7 13 күн бұрын
@@Sam-xq8xh wow impressive that he’s still in business, the website looks pretty outdated but he does have some seriously high end stock
@MartinSmythOnline
@MartinSmythOnline 4 күн бұрын
@@Rossi_x7 Over 2000 reviews on trust pilot with 97% giving a 5-star rating.
@Adrian-lc6jq
@Adrian-lc6jq 13 күн бұрын
Experiance
@LeonieJMerry
@LeonieJMerry 13 күн бұрын
Can you imagine getting proposed to with a ring box that says diamondgeezer on the back 🤣🤡
@jasonm4332
@jasonm4332 13 күн бұрын
i kinda like it -david beckham type is what first came to mind when i first heard it
@gemmi1
@gemmi1 14 күн бұрын
Did he say he runs the business from a commercial premises in Bourton on the Water? I live here and have never heard of him or his company.
@kingcrimson1773
@kingcrimson1773 14 күн бұрын
This is one of the early seasons of DD, this episode is like 15+ years old. Clive probably moved on a long time ago.
@eat_ze_bugs
@eat_ze_bugs 13 күн бұрын
3 dragons for 60% equity all at the same time would be too much for any founder. They will eventually butt heads with each other if the business takes off. Better to allocate that equity to passionate cofounders who will actually work and grow your business with you on a daily basis and then dilute your shares later when the time comes for more capital.
@chrishan9138
@chrishan9138 13 күн бұрын
Would have been smarter to negotiate deferring rather than writing off the director's loan and letting them have the 40%. He'd have a better chance of getting his own 100k back with 3 other people invested in growing the business than owning 100% of 3k a year on his own.
@seancharlie8476
@seancharlie8476 11 күн бұрын
Good on him for not taking what they offered, 40% plus the property was too much
@KingGuardianDevil
@KingGuardianDevil 13 күн бұрын
He forgot his fake diamonds
@JL-gf3yc
@JL-gf3yc 13 күн бұрын
He would have made millions more with those 3 you just have to consider yes you’re giving away 40% but you’re making a much bigger profit than before!
@jakecooper5855
@jakecooper5855 13 күн бұрын
Smart move not taking the deal. Now he gets to keep 100% of a couple grand every year instead of 60% of the few hundred thousand per year that 3 dragons could have helped to build.
@arronchiplin1446
@arronchiplin1446 12 күн бұрын
Not necessarily
@rudyhonings
@rudyhonings 14 күн бұрын
What is a CD? When was this made?
@shogunero3.6
@shogunero3.6 14 күн бұрын
This is from 2007 or 08. James asked his projections from 08 to 09.
@TheEudaemonicPlague
@TheEudaemonicPlague 13 күн бұрын
What planet are you from, that you're not familiar with CDs? I'm not telling you, because you have no excuse for not knowing...and less for not looking it up.
@user-yt198
@user-yt198 13 күн бұрын
Crossdresser.
@tomaszmagierowski2166
@tomaszmagierowski2166 10 күн бұрын
12:32 SimCity 4 region music
@WayneBagguley
@WayneBagguley 14 күн бұрын
FFS, can't spell "experience".
@chickenrees
@chickenrees 10 күн бұрын
he got so ripped off..
@LTSmash414
@LTSmash414 8 күн бұрын
James is such a sheister
@DaveKingDJ
@DaveKingDJ 6 күн бұрын
Experience
@Mushroom1111
@Mushroom1111 14 күн бұрын
Sorry but the dragons are just rude! No amount of money can buy manners!
@pehash
@pehash 13 күн бұрын
They have to be, they are dragons. Thats the point of the whole show
@Mushroom1111
@Mushroom1111 13 күн бұрын
@@pehash and that gives them the right to behave like nasty dirt bags! Ok!👍🏽
@BenjaminGoose
@BenjaminGoose 13 күн бұрын
Dookan is completely wrong, engagement rings are NOT the most common item sold on the internet.
@AwesometownUSA
@AwesometownUSA 13 күн бұрын
seriously! the most common thing sold online is probably CDs or something (CDs are huge right now)
@valleygirlknits
@valleygirlknits 13 күн бұрын
Experience, not experiance 😂
@jack-a-lopium
@jack-a-lopium 13 күн бұрын
Wacky stuff
@colettebrennan1840
@colettebrennan1840 13 күн бұрын
I ❤ Deborah
@sevendeadlysins375
@sevendeadlysins375 14 күн бұрын
This guy grinded my gears. Slighlty irritating attitude about him.
@NullifidianYT
@NullifidianYT 14 күн бұрын
Yeah. Like some failed teacher who knows best.
@shogunero3.6
@shogunero3.6 14 күн бұрын
Well he is still in business and doing well. He clearly knows his industry.
@RealRushinRussian
@RealRushinRussian 14 күн бұрын
And yet very firm knowledge of numbers and ruthless decision making on the fly. Such mixed feelings about this guy.
@TomNook.
@TomNook. 13 күн бұрын
And this channel's editor has zero years of English experience.
@erikjohnson9931
@erikjohnson9931 13 күн бұрын
These “dragons” are the most boring humans I have ever seen. This show is like watching paint dry.
@lee6023
@lee6023 13 күн бұрын
You haven't seen many people then if you think they're boring. Maybe your the boring one
@erikjohnson9931
@erikjohnson9931 12 күн бұрын
@@lee6023 wow great response…did it take you 5 hours to come up with it?
@AwesometownUSA
@AwesometownUSA 13 күн бұрын
anytime I listen to one of these pitches, the first thing I do is punch their numbers into my calculator to figure out the entrepreneur’s proposed valuation. the quickest way to do it is cross-multiplication - you multiply the amount requested by 100, and then divide it by the percentage of equity on offer. so for this pitch, it would be: amt requested - £255,000 equity offered - 15% 255,000✖️100 🟰 25,500,000 25,500,000➗15 🟰 1,700,000 and so the entrepreneur is valuing his business at £1.7M if he had accepted the dragons’ offer, it would have effectively valued his business at £637,500
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