Dragons Offended by Former Police Sergeant’s Pitch | Dragons’ Den
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- Опубликовано: 27 авг 2024
- Glen has put together a cost-effective business for producing low-budget sheds and cabins but the Dragons soon sink their teeth into his pitch and tear it to pieces.
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Peter always spots flaws that the others don’t pick up on. And when Peter points them out, the other dragons are like “yeah that’s outrageous!” 😂
Peter is a true assassin.
Show wouldn't be the same without him
Its not a flaw its just an egotistical perspective of looking at things. If Peter and this guy start a new shed company and this guy says hey I can get all of our supplies for a fraction of the cost, that would make perfect business sense. But since it was this guys second company doing it, it was egotistically viewed as an scheme by this guy. Who cares where he gets the wood from if its cheap and reliable.
so does debra
You don’t need to be the smartest guy in the room, you just need to be able to find the smartest guy in the room
@@pippaparsons4815 de-nobrah
He was going to build 250K worth of unsold cabins with someone else's money, all to the profit of his main business and let the new business go under. This is almost fraudulent.
Police for ya
It’s called business. If a dragon thinks there is an opportunity in that, we sign papers!
Sounds like a Ponzi scheme
Almost?
I don't accept that was what was going on here.
his other business was already established, he came up with a new idea, out of that existing business, in a growing market, and wanted the dragons' contacts to help him scale it.
the mistake he made, in my opinion, was to ask for WAY too much. If he'd been more honest, about the way the two businesses dovetail, asked for WAY less, like 50k, and for a bigger share, I think it would've been a good proposition.
This guy has applied his police experience and has become a hustler himself
He spent a lot of time in Court learning from m'learned friends.
From fitting up others he branched out into fitting up sheds
@@tarawalsh-arpaia3928 😆
True. It was a shakedown
Clear evidence and proof positive Do not trust POLICE
And take note Kushim ' it is POLICE and not police.
Open your eyes and take a good look at how it is written on POLICE vehicles
and other signage.
It is written that way for a specific reason that is beyond your level of understanding.
You have a lot of studies to do.
Undertake an extensive reading program
Stop being a zombie who cannot see the obvious.
Peter "I'm interested in your other company" Jones
It's good that he's like that tbh because that's how he picks up on scams like this one
Well, if he didn't ask then he wouldn't have revealed how much of a bad business it iz
Telling an investor "I'll use 20k-30k of the 250k investment, and the rest I'll put in the bank" is not a persuasive argument. They could put it in the bank themselves without the risk of the business going under. Instead, they would rather reallocate that 220k to other businesses that have greater growth potential. He should have just asked for the 20k-30k he actually needed.
That irked me as well. He was asking a whole lot for a company that is entirely dependant on the other company he owns. And he doesn't actually have a plan past 30K. Did he expect the cottage lease would skyrocket very suddenly?
True.
It's worse when you realise he would then be paying his own company with the money from his investors
It would make me more inclined to "only" give 20-30k, since I don't want to give free money to folks who aren't utterly destitute
Why isn't it a good thing though you invest in his business if he doesn't use the money its sat in the bank which you'll get back after you're contract is up his business could take off and you could earn way more than what it's worth sat in the bank, I'm telling you now the dragons won't have their income sat I Banks for interest they don't give enough back
Peter always pokes into other businesses they own.. 😂.
Exactly he actually wants a cut of everything lols I remember an episode he wanted even the house 🏡 the guy bought alone 🤣
The guy was trying to create a secondary business where the dragons put a quarter of a million pound in it evan tho his main business would take the profit obviously Peter wasn't interested in that
@@TEE1998 I don't get how the main business would take the profit though? Surely it's the same thing as importing left-over timber from somewhere else, it's just that he happens to own the company that provides the raw materials?
@@TEE1998 yeah we get that. Thanks.
Someone need to say I want same amount of your business peter
I love how the dragons love it, right until Peter picks up on the 2nd business then they all go full attack
There was an element of embarassment from them which fueled their anger. They were praising it until Peter spotted the fatal flaw and hustle. They wouldn't have figured it out and it showed.
Dragon's Den youtube account knows exactly when we all take our dinner breaks and times their uploads accordingly, kudos!
It's lunchtime duh!!
Eating a cheese and ham sandwich atm for lunch
Yeah and toilet breaks
They've done this since the whole of lockdown haha
Facts aha
“I’ve not been born yet, therefore, I’m out” - Theo The foetus
When I get out,I’ll be out!🤣🤣
When Theo was born, he said "I'm out"
I've seen this comment so many times but it always gets me 🤣🤣
Superb comment sir.😂
And when Jenny was born, she said, "I'm out!"
Long story short, he doesn’t need the money to allow his business to grow, he just doesn’t want to spend his own money to get it where it needs to be. He basically wants a freebie.
I think it's even more cynical than that, I don't think he actually believed in the new business and just wanted to get 250K for nothing. Or put it another way, have the Dragons pay 250K to his other company to create a bunch of sheds that likely will rot in a warehouse somewhere.
Once a bent copper, always one.
Nonsense. Copper can be annealed and bent back into proper shape
@@piggypooo and can be polished.
Ted Hastings voice: bent coppers
Yep
Straight off the bat, he says he has 50 of them already made and "allotted", and later on admits last year he only leased out half a dozen. He DID already try it on his own and failed miserably!
Hmmm. He has 50 cabins, x$5000 a piece=$250,000! Coincidence?Sounds like he's trying to recover his company's losses by creating a shell company whose only assets are the 50 cabins. So that means a loan from a shark would cover his mills losses, and if the shark doesnt manage to make the business profitable by rent these things out, he gives the shell company and 50 cabins to the shark washing his hands of his failure and leaving the dragon to deal with the mess, and walks away with the $250,000! What a scam!
what is a shark
@@finncullimore9823 A wingless dragon with fins, also a Dragon is a finless shark with wings
Don’t the investors do this when they tell them they can use their connections with the manufacturers they use to bring costs down? I’d assume they would be making money off the business they’re bringing to the manufacturer.
@@finncullimore9823 LOL
@@finncullimore9823 The US version of the show is called "Shark Tank".
I usually don't like when Peter brings up the other businesses, but this time, it's basically the same business LOL
But when asking that, he gets the whole picture
very true
I think they have every right to ask about other businesses. If someone isnt willing to use their own capital to finance whatever it is they are pitching, why should an investor?
@B Bodziak exactly. It drives me insane when people have their own money to invest but refuse and usually act offended by the very idea of risking their own money. Even worse when they want a salary out of the investment. People need to understand you usually don't make money in the beginning when you start your own business
Yeah I usually don't like it when they ask questions about the person they're gonna give 250,000 pounds to. I mean they should just be giving it away no questions asked.
Imagine if he went into the shed and just loudly cried after they didn’t invest
Entrepeneur: "Well I have this other busin--"
Peter Jones: "I'll give you the money for 90% of all your businesses combined."
They were all up for it until peter pointed out the scam lol
You’re wrong. They were all already out!
@@janeclarkson8471 thanks for your expert opinion
@@janeclarkson8471they were impressed by the product and manufacturing cost.
@@janeclarkson8471no they weren't 😂 they were all looking interested until peter pointed that out
I'm willing to bet he was a "crooked cop" during his law enforcement years... He seems like a complete slime ball... The way he starts smirking when he's being called out on his shady business proposition, he knows what he's doing...
I noticed that too, so slimy
ACAB
You have to wonder how a police officer had time to create a two million pound business, you can be sure nobody will investigate.
He's a Scouser ! (more than halfway there)
He seems like a horrible person
Who would have thought an ex police officer would be dishonest eh?
Yes !, You could have knocked me down with a sledgehammer
You can be sure nobody will investigate how a police officer created a two million pound business.
police lie a lot.
Faculty members of police officers invariably report bring in abusive relations
pigs
I was hoping he would close the door and lock it after they all entered.
"I want to play a game."
Hillary was understandably excited as she thought it looked like her gingerbread house
😂
😂😂😂 I'm dead.
I can't believe she was only in early 50s here, she looks 70
you won the comment competition sir
😂😂😂 Hilarious
"But what of his other company? Peter Jones wants to know." Lmao
Of course he does lmao
Every damn time.
Oh no, that other company is untouchable, Sorry dragon.
Duncan laughing when Theo starts yelling at the guy is freaking hilarious 🤣
That is all Theo ever does. He's a fool.
Wooh he is a police. Imagine him seeing theo or Peter running a red light😂👮♂️. Straight to a wooden jail he made.
That would give them shingles.
I’m high so this is even funnier
Theo is a badass.
@@Ilovewatchingsupernaturalparan the foetus
@@Ilovewatchingsupernaturalparan Theo would be hiding in a bin.
It seems like this guy was actually trying to scam investors
He's an ex copper that's why !
True
Not the first time I've seen people try to pull that stunt, lol
@@davesfilmingservices4377 ha...ha.... :/
With the whole “den” concept it makes so much more sense for them to come DOWN the stairs to meet the dragons, rather than up
I’d imagine with the archetype of dragons and dragon slayers, it makes more sense for them to be upstairs because in traditional literature dragons dens are in mountains.
@@Rae-xd2yb Very true Sir/Ma'am 👍
I always thought that making them walk up the stairs, sometimes carrying their products, was another way of raising their heart rate, make them sweat and more likely to stumble and appear nervous in their pitch. It is a TV show after all
Dragon's loft 😆
The Canadian one is more like that. But it looks too much like a warehouse
Classic Theo can’t think of the proper objection himself, waits for Peter to point out the glaring flaw (cuz he’s a boss), then gets all huffy and puffy acting like he’s the man who thought of it.
Yeah it's a bit embarrassing. Theo was acting all interested and then jumps on the bandwagon when Peter susses out what's going on
The Diddler in Chief worst part is he did it all the time too!
yup, he's a carbon copy of that Jackal who was brown-nosing Tiger in the children's Jungle Book lol
Theo the fetus does it again
They’d all declared “out” BEFORE Peter’s objections!
What the hell was the problem with asking what Peter would bring to the other company that he had already made successful himself, he had every right to ask
Peter was showing his arrogance! Perhaps the entrepreneur should have done some research on the Dragons…..however it would have been a better move for Peter to share his vision for where he could take the whole company. At least that would have been interesting to me!
The obvious answer would be money... no? I mean if he wasn't a scam artist, he would've given out a chunk of his own company in order to push the new company. But he decided to go with little to no risk, which is quite an insult to any investor.
Totally agree. He didn't go in there looking to sell part of that company and it was already successful so he was well within his rights to ask that. It winds me up when the dragons always try to get their paws on every business the candidate owns.
@@michael2908 dude... he was doing a scheme... he wanted money for a made up company so he can get orders in his own company with investor money... come on...
@@rvishnevski5409 it looked that way. Doesn’t mean he’s not allowed to ask an investor what they’d bring to the table when they asked for a piece of his other company.
Holding a former police officer to account. Peter Jones I salute you!
Yes!!
As soon as he said the waste wood from his other company is used I saw this going downhill very quickly 😂
If he'd just funded it himself, the guy would have at least been contributing to waste reduction...
'saw' it going downhill . I like what you may have done there :)
I actually like that about the business. The sheds looked well made. Why not use what you have?
@@intrepidtomato If the person was being genuine and offering a part of that company, this guy set up a second company to sell, basically his other company make it all and this new company is just a made up one to give to an investor.
It's basically a scam. Spend 100% of the dragon's money to build the cabins, the building of which profits his second company immensely, and then whether he ever rents any of the cabins out or not is irrelevent. He's already made his money and can let the shell company he's pitching to the dragon's go bust, and that's probably exactly what he'd do.@@intrepidtomato
He literally attempted to launder their money :D
Peter Jones is only interested in investing if he gets a piece of the existing multi million pound business?
SHOCKER!!
If you're going on DD, never tell Peter about any existing businesses you own!
But if you don’t and he makes an offer, he’d find out about the other business during the due diligence process and you’d never get the money anyway because he’d call off the deal.
Why wouldn't Peter want a piece of the existing company? The guy even said that a portion of the initial investment was going into upgrading equipment owned by the original company, and the rest would be used to ramp up production should the new business take off. Basically, the money the guy was was asking for was going into his original company.
Yeah and so would you to make more money that’s how capitalism works
@@travisscavoni369 the cops original business, whether it was doing well or not, had assets of 2 million. The cop ran a 2nd business (this pitch) that relied a bit on the resources of the 1st. The 2nd business had 0 assets. The dragons have business acumen. If the cop felt it was a homerun success on his 2nd business, he would have had assets from the 1st or a taken a bank loan to pursue it. Instead the numbers show that is not doing that great, atleast not yet, and so he want someone else to basically take 100% percent risk of pushing this business in the hopes that it might get lucky. There is 0 risk for the cop who's main business is untouched.
I've noticed the dragons will go in on less promising pitches when they see how much the entrenpreur has poured his life and own money into it. This cop wasnt even willing to risk his own money or even a loan. And given the poor sales numbers it explains a lot.
That's my take on it
@@piggypooo I suspect it's more than just that. The ex-cop doesn't need to share the profit from the first business, but the investor gets a cut from the profit of the second business. The first business delivers to the second business, *priced at his own discretion.* That gives him the opportunity to move money from the second business to the first business, maximizing the profit of the first business while minimizing the profit he needs to share. That's after he used the investor's money to upgrade equipment of the first business.
Pretty smart what Peter did there by finding out this was a scam
That’s why he is worth as much as he is hahaha
Explains why he’s an ex copper, probably sacked
It's not a scam. He's a former Officer Of The Law.
@@davidjames579 Scam.
@@TheNoobchat Look, he knows a lot about crooked dealings. That's why you can trust him.
He should have pitched this to Peter Jackson, not Peter Jones.
This week's winner!
These look to be high quality, it is clearly not just a hobbit for him! 🤔
(Best I could do before the kettle boiled)
Yes lol it looks like a Hobbit tool shed
After this he went in the car park took their number plates, they were receiving tickets for a year lol
He’s right to ask because like Peter said it’s an offshoot of an existing company and not a company itself!
The moment he spoke about his existing business, I was out.
They were unusually easy on him considering he was trying to rip them off
Completely addicted to watching DD vids lately
“ Have you LEASED any so far?” “We’ve ALLOCATED 50”. Very tricky answer, ALLOCATED!!!!??????? Don’t trust him,he’s a slick talker.
Allocated. Still thinks he is in the police. From fitting up the general public to fitting up sheds
He's not a slick talker, he's a cop, straight up liar
@@originalvegoman ...I saw the OJ trials...In America? We have a SERIOUS lying cop problem...
A true English police officer
A swizzler.
An ex copper that still thinks he can lie to people, it was lies every time he opened his mouth
Wow... This guy looks like EXACTLY what comes to mind when I think of a cop. Thumbs tucked in belt over a slight belly asking u to step out of the car tweaking his head to the walkie talkie on his shoulder
Looks tough and dumb
You wouldn't know if they didn't tell you though🤷🏻♂️. It's just your brain imagining things.
@@rohilthomson he looks like a bouncer
Had that happen a lot, have you?
@@annajones9701 He's smart enough to be involved in a successful business and start another. Are you?
I had dragon fruit for lunch
same, wtf.
I’ll offer 5p for 30% of that, and your other existing fruits
Is for me?
@@Fuckethead 😂
Lmao
I'm a minute in, did he really say he uses worse material to lower cost? Which implies the quality. And it's a lease? I'm already out.
Theo saying cigars on a Caribbean beach got me cracking up😂😂😂😂😂😂😂😂
Good old Peter. Always astute and very little gets past him.
Really disappointed at the end that he didn't go and sit in the shed.
"I'm out."
"You're under arrest."
Peter Jones spotted the pitcher with one hand in his pocket! Body language always tells the true story!
A police officer who isn't upfront. Surprise, surprise!
Mark i need you to pitch Project Zeus
@@Waltisgay what is the meaning of Project Zeus?
@@MCorrigan have you watched peep show?
@@Waltisgay Watched it? I was in it!
@@MCorrigan then you should know what project zeus is
I think your pitch is outrageous says the women in full panto clobber.
She looks like a withered old witch lmao and she sounds like one to, tbh :D
I like her and her style tho 🥰
@@patu2175 oh no you don't.
Wicked witch of the West.
@@johnmc3862 oh no she's not.
Narrator: the new guest walks down the stairs instead of up. The dragons look insulted.
Narrator: the guest says hello and the dragons are infuriated.
When are they ever NOT looking insulted.....
When it's a good pitch, business and product?
It's part of the appeal of the show to watch unprepared people get dragon breath.
Jenny would have loved this outhouse. Perhaps she's hiding inside
She can't be inside, she's always out.
The out jokes are such high quality
We don’t call em pigs for no reason!!
Who wants to sleep in hAlf an upturned boat anyway?
I might if the price was right. Could be fun.
200,000 POUNDS!? How heavy is British money?
That's actually quite funny. Another thing that is funny is the fact that the USA is the only place that uses the British imperial system of measurement..😆🇬🇧
@@witchwaynow7572Gee I can’t imagine why…
£1 was a pound of silver in the past
@witchwaynow7572 Yea because it's better and faster
So it seems they are finally reposting the full pitches of the 5 minute clips that was uploaded 1-2 years ago
I hope they'll do the same with the "evangelical" entrepreneur.
@@tomatoto64 Who was that?
That's one ex-copper that got badly arrested.
“I can’t say anymore” - proceeds to speak further.
"I can make these in my existing shed factory for £1000 and sell them for £7000"
Everyone - "Well go and do it then... goodbye"
To this day, his left hand is still in his pocket
Duncan Hammertime has some nice bracelets in this episode.
He's pricing Labour at 30 quid? Is it going to take someone half an hour to build it?
These huts have really taken off in the lake district, providing you own the land and get the necessary planing permission. They come with hot tubs peace and quiet and beautiful views...
Peter " what's your other businesses" Jones
Deborah showing the camera some love at the start 👀
Lmao she looks spicy in this one!
swear shes got fitter with age
She would def be the one in charge!
@@sammuddel7751she then proceeds to grab her diamond laced golden handcuff from her bedside table
It's 250k for 30% of nothing, with no track record, assets sales etc.
He was offering them a 'get rich quick' investment, rather than a business development opportunity
"Hi, my name's Glen. Police-d ta meet ya!"
This is one of those ideas that in business theory sounds kind of okay but in practice is utter madness.
The business was sound, the problem was he was trying to scam the dragons.
Thought he was going to lock them in, take the money and leave 🤣
Why is Dragon's Den so much more ominous than Shark Tank. Like, when the entrepreneurs show up in the Tank it feels hopeful. When people show up to the Den there's a sense of "this isn't gonna go well."
Because Americans are cheerful and vapid. Whereas Brits are dour and serious.
What's for lunch crew? Pesto pasta here
Pot Noodle here :D
Avocado 🥑 toast and halloumi salad 🥗 here.
Scrambled eggs and bacon
Spaghetti with tuna, cream and dried tomatoes
Watermelon and peaches in the garden in the sun
I love those little houses for camping but I really like the one’s called yurts. They resemble a large teepee.
That’s incredible he can build those for around $1k each. Hopefully they are well made. I’d prefer one probably twice that size. Very cool product.
Yes, I've seen some beautiful yurts in Hawaii.
Yurts are canvas
Aren't policemen meant to catch thieves, and not be one?
Guy has a company worth £2m without Peter Jones. Pretty reasonable to ask what he'd bring to the table.
So he says, and why is he here? Never trust a policeman
Yeah ok buddy keep on dreaming lol 😂😂🤣🤣
Peter better watch that ATTITUDE or he goin' ta jaaaaaaail, goin' ta jaaaaaaail lol
O snap! Sergeant is having a hard time with other people asking the questions!
Duncan really is as sharp as a razor beneth his grumpy, hungover facade
Hillary : i can't say anymore
Also, hillary : i just can't say anymore
"How do you find your cabin? Easy! We'll fit a flow signal..."
he could have made so much money in 2020, assuming he could get stock over from Poland of course. However its crazy to think Dragons would only invest in the heir company, that can only exisit because of the smart use of waste product, which means the two firms are so tied together, he could not make those at that price point, without his other firm creating that waste product.
I think overall point is, the guy runs a successful business with a decent amount of assets. If this cabin business was going to do well he could have easily taken out a business loan for the 250k and done it.
So to not do that it shows there is a high level of risk involved because even the businessman isn't confident it can work. So why invest?
@@pierricbross yeah that is part of it, but in fairness, its easy to see how a Dragon could help him grow his customer base, Deborah being his best bet. That might even be experience he lacks, and does want help with, in a genuine way
You don't get it. He was trying to create a new business with their money and then if he wanted to he could just suck it dry and close the new business and then keep going with his original business having absorbed millions. The dragons are then left with a lost investment.
In other words he takes their money and pays himself for work that doesn't need doing. He as a person can't lose when he pays himself for the materials, only the dragon can lose.
No he could make them cheaper. He used off cuts from existing sheds. But they have to be sorted and catalogued and labour is much extra because of fitting. He made lig cabins and sheds. These would be higher spec so the return would be more and hebwould shift dynamic to these and shepherd huts. So Peter was foolish really because he should have done a deal, installed some team to learn and then created a company following this template but streamlined. With his contacts he could have shaved costs at one end and heaped on the price the other end. Maybe he did.
@@adamsmith6594 😂😂🤣🤣
The dragons were a bit up themselves in this episode. He simply asked Peter what he could bring to the whole business and they all scoffed dramatically.
He wanted them to shoulder the financial risk of his new idea, which is essentially just an waste efficiency target policy for his other successful business, and that's the point that confirmed that's all he was there for.
Well deserved scoff.
I guess quarter of a million wasn't enough?
People have asked for more, like the guy that asked for 2 million.
@@TheManInBlueFlames
Yeah but those are pretty obvious ridiculous on purpose. Those people want the exposure of being on the show and even with the exposure sometimes it doesn’t work.
None of the dragons could admit that they didn't get why Peter was scoffing. I still don't see what was wrong with the question ("What would you bring?"). The Dragons sometimes work in a pack, ramping up the same message round-and-round, and no-one wants to be left out.
You either retire a hero or live long enough to see yourself become the criminal you chase.
I think Peter was getting ready to counter-scam a scammer.
As a matter of interest, is it "acceptable" to have a hand in your pocket when giving business presentation?
Probably not. It’s kind of sending a “psychological signal” like you’re hiding something?
*Slight of hand* 😎
Only when you have a single business is it acceptable to put a hand in your pocket.
In this situation, the cop had 2 businesses. The one he was pitching with was his free hand... waving it "hey looky over here at this hand where the scam with 0 assets is. Don't look at my other hand where my real business is..its hidden deep in my pocket" 🤣
Indeed. Or the top button of your shirt undone while wearing a tie?
Ironic that a former policeman has basically come into the den to rob the dragons of their money
And your surname is perfect 👌
@@HaggardPillockHD lmao....
I know it’s all a bit spooky 😂
With all the cheesy quips in Dragons Den, I'm surprised none of them said something like "you're close to arresting yourself for robbery".
That was indeed a disgusting pitch. Almost put me off my lunch
Settle down.
Settle down Hillary
Cop a load of this :)
Surprised Theo wasn't worried about someone locking themself inside
Paul Whitehouse’s impression of Theo in this sketch was so well-observed and realistic!
''Why would you not do this yourself?''. He gets national, even worldwide exposure by coming on Dragons Den. That's why.
What he needed was a line of credit from a bank. That way when he needed money for materials and labor for the sawdust shed orders he could cover without anything out of pocket.
Peter was never gonna invest in any of his business, he just wanted to ppove what a little snake he was by saying no XD
Ex police officer turns out to be slimy and manipulative. Who would have guessed.
Rumour has it jenny was in the shed during this whole presentation
More like OUT of the shed 😉
Glen needs to get Fredy Vasilev to make self-filling baths for all his cabins.
Why is it they always seem like its such a bad thing to ask what would they bring to a business they now want a piece of but was never actually on offer? Peter jones is a tech man, cameras, software, hardware ect. What is he going to bring to a lumber yard? I would ask jeff bezos what he would bring to the company if he was looking to invest in a caravan park….
Peter Jones is very intelligently clever by igniting the fire works on the pitchers entire business and then the rest explode! (This DD episode looks like a charity version setup similar to the one I watched with Jeremy Clarkson. So funny!
Intelligently and clever have the same meanings... Drop one from the sentence my guy.
intelligently clever isn’t an intelligently clever pairing of words…
He could at least have farewelled the Dragons with a cordial "Evening all". 😉
they are double glazed and the windows are 10cm squared.
He was playing semantics to avoid directly answering questions. Good on peter for picking that up
4.5 minutes before Peter started eyeing up the bigger business. 😂