"I'll Eat One Of The Cups If You Do That!" | Dragons' Den
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- Опубликовано: 8 сен 2024
- Jay Cousins is pitching the Orikaso folding plates range from FlatWorld Limited. Mr. Cousins is seeking an investment of £100,000 in return for a 10% equity stake but can he prove his product is scalable?
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 #Orikaso #JustCallThem
Doug: "You're not worth 900k today. I'm out."
Narrator: "Doug Richards thinks Jay has overvalued his company"
Thanks, mate. I hadn't gotten it.
I wish these dragons would be straight up. 😂
😂😂😂😂
I'm so glad someone else has picked up on this... Im so sad.. ive seen every single dragons den episode now.. i cant find any on youtube i havent already seen and every episode im shouting I KNOW IM WATCHING IT MATE at the narrator!
I accidentally watched a segment with audio description on the other day and didn't even realise at first. When I heard "Theo Paphitis has closed his notebook", I thought even the narrator was running out of material 🤣
Doug never has been good at estimating numbers, though
He looks like Zuckerberg if Facebook didn’t work out
Walmart Brand Zuckerberg
you dead wrong for dis XD
@Am Chow
Exactly my first thought. So I was asking myself : Why Zuckerberg is not making the fundraising in their mother company NSA? 😁
100%😂
"What I didn't tell him is why I am worth that 50%. I wanted him to decide to give it to me without knowing why I'm worth it."
Really??
LoL
I just got to that part! I know these Dragons are trying to take a cut for themselves but that really just seems like you’re not explaining *why* you asking for 50% is justified. Talk about not putting your cards on the table!
I'd love to be Peter where all phone calls take 30 seconds. That must be a lovely existence.
"Hey, how's my product doing?"
"Good"
"Thanks!"
I actually believe it. It goes like this "hello, how you're doing? good good. to what do I owe the pleasure. ah, product x. I'll put my assistant on the line, have a good day buh bye"
@@mksmike i wonder if his mother calls if he'll put his assistant on instead
@@badrequest5596 Depends on what kind of relationship the assistant has with his mom, I guess.
Telling an assistant to explore the numbers and give the result (as soon as he has it) won't take any longer.
"You keep saying mhm mhm mhm mhm the whole time I'm talking, and for that reason, I'm out."
"Mhm"
Gods, that was annoying.
I didn't notice it til I read this comment and now there's no going back 😩
"But Duncan Bannatyne..."
Those words are always followed by some kinda downfall in the pitch lol.
HAHAH
Jenny would have invested in this. She would love these products because she's always out.
😂🤣😂
Repeating other people is a sign that you are a mong
😴
no original jokes?
Booooo
I feel like old dragons den was way more brutal
Clearly, he just had to refuse an offer of 50%!?!? That is ridiculous.
It's very unprofessional too
@@___Bexx___ why is it ridiculous?
@@cornellkirk8946 because asking 50% of sombodies business is just outrageous and unfair, placing that pressure on someone, - give me half or get nothing . That's shite
To be fair, newer DD has businesspeople that are much sharper and evolved.
Guy had about as much personality as that foldable cup he was selling. Fair play to him for sticking to his guns though.
He's an entrepreneur not a salesman.
@@bobgeorge4510 so?
Reminded me of mark zuckerberg
This video goes back in 2003
@@bobgeorge4510 salesmanship is integral to entrepreneurship. My father would simply be getting by compared to being a rich man without his salesmanship. All of his repeat customers come back because he's likeable and easy to be around. He turns that sociable level up to 11 around customers and they just eat it up. He knows what he's doing. Just think about how far salesmanship would go with all those deals dragons turned down simply because they felt they couldn't work with the business owner.
Gotta say, props to the guy for standing his ground
He stood his ground and lost his company. 🤷🏾♂️
How is he doing now?
Theo flexing on the other dragons after the guy walked away
🤣🤣🤣
Yes Theo was pissed, he lost out. They don't need figures, they know the potential.
And no patent queen present...why didn’t anyone ask about patents?
😂 haha yea, and he just blanks Rachel after she corrects him!
One of the rare moments I’ve seen Theo flex pretty boss mind you
Funnily enough, after this episode aired, Jenny Campbell contacted him and also declared herself out. Her exact words were 'your bowls and cups fold, and so can I - I'm out'. To this day, Jenny still enjoys sipping free water out of her now free foldable cup...
😂😂😂😂😂
The amount of times he says "mhm" after each half sentence or word is actually infuriating
For real
Mhm
Hadn’t noticed until I read this comment 😂😂
I noticed it. And it totally putt me off.
I hadn't noticed until I read this and now I'm pissed off
Watching him assemble them was strangely satisfying!
They would be good for travelling with pets, foldable dog bowls.
They already have folding dog bowls here, have had for many years. Also those folding plates, etc had them here for many years. He is a bit late at least for the Asian market anyway.
@BS Handle Created 😂😂😂yes. Most convenient. Think how many cats a hoarder could fit in their house then. Reminds me of a joke about an alternative kids entertainer, he used to twist animals into balloon shapes. 😁Think it was Tim Vine.
@Armond Welch why would you need to contain your dump in a bowl?
Plastic causes cancer in dogs don’t feed them out of it
Lol
I love it when they turned down the dragon’s offers, always seems to humble them slightly
i agree but at the same time if he had taken the deal maybe his business wouldn’t be closed down.
Perhaps, and maybe with a hint of, "Has he gone off his rocker?"
true, but his company's gone bust
Aye
"hasnt had time to pick up the phone and find out the uk sales"
press x for doubt
Sounds like someone has been watching Thunderf00t!
@@sirplantain what the hell is that, press x for doubt is a meme
Pocket Man xxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Probably doesn't care about a small market.
@@LifeInPink999 please tell me that's a joke 😂
Rachel always looks like someone farted n she's tryna figure out who it is
this is hilarious
It was Jenny. It was inside, but it came out.
Like Sarah Willingham.. Always surprised
Either that or she's the one who's farted and is looking around to see if anyone else smells it.
Haha!
“Turnover is vanity , profit is sanity “ . Wise , wise words.
And cash is king. :)
"Jay's over-ambitious plan to dominate the world in backpacker crockery has shocked the dragons."
Well done for walking away from these thieves
If Theo wanted the investment so much, why didn’t he tell the guy about his influential mates at Millets and Blacks.
Exactly.When asked what he would bring he says he will be on him like a rash.That was when he should have said what he could bring.He seems untrustworthy to me.
Yeah, that was a weird flex on his part. Like, for that amount of money, you either commit and invest or you don't even bother and say you're out. I got an impression that Theo actually did NOT want to invest, that's why he came up with 50 percent and omitted the fact he's got friends in all the right places. Such a weird move here. Perhaps there's something I'm missing here.
@@Silver_Warden He was not sure he wanted to invest so he asked for 50 percent so that either way he would be happy.
That’s why he is booted from the show. Boring old fart
Theo was rubbish
I believe, he’s already got offers from someone else, and he tried to see if , he can get better offer, but turns out , the dragons wanted more than offers he has already inside a pocket, that’s why he was so confident.
He went bust
Good on this guy for standing his ground. Yes, his valuation was too high but their offers were even more ridiculous, especially Theo's.
It's not the money, it's what they immediately bring in sales and revenue...and remember, not only will they not, but they cannot tell anyone about these products they have seen, plus the show does not air for months after the taping. There is a reason for that....confidentiality agreement and contract. They CANNOT divulge what they have seen unless they invest in it.
He is like a proper robot! I get the feeling he was at his most personable and humorous!
Why would you assume "he was at his most personable and humorous"? It's an awkward and nerve-racking situation, I'm willing to bet that you might not come across that favourably in the same scenario.
People on the internet are too eager to be judgemental.
Mhmm.
It's a business, he's being a proper businessman. Emotions are left at the door.
He reminds me of Mark Zuckerberg at the US Senate hearing.......like Zuckerberg, he doesn't seem to blink.
@@FortoFight There are no judgemental people on the internet, I've checked...
Theo everybody is my very personal friend of mine. I’m not gona invest my kids inheritance. FairPlay to the guy for sticking to his guns.
Tewwy Tibbs!
how many times did he say mhmm?
2346556 times
Got on my nerves!!
Like Doug at the school gates.
mhmm
Yusif Luay mhmm
I'm only a minute in but honestly, this are kind of a good idea. I work at a grocery store and I could see these being used for the hot food we sell. Like wings, potato wedges, that type of stuff
I think that Tintin will wanna forget this adventure pretty quickly.......
⚒👍
Lol that moron at the end "Haha jokes on him! My personal friend owns outdoors shops!!!" - great "investment" strategy mate
Theo is a tool. Nasty piece of work
Ali H / No I agree with him, why should he have to spend his children’s inheritance for only 10%. Despicable
@@user-uq1fq6gs3i the point is the guy might have decided 50% was worth it if he knew what was actually being brought to the table
Lol he going to call his friend and be like this guy didnt take my offer so dont work with him lol
No one :
This guy : Mhmm
So annoying...
Please stop the "No one:" meme thing.
P2DW i don’t think he’s responsible for stopping it
No one:
Absolutely no one:
@@chintoki: Please stop the "No one:" meme thing.
@@IgnoreMyChan I was literally about to do almost the exact same reply! 😂
Can we just appreciate Duncan's face at 11:29
I almost spit out my toothpaste when I saw this. And I wasn’t even brushing my teeth😂😨
I think he was in shock. Not vindictive or angry. Just surprised and in hindsight i can imagine he was impressed.
@@User_-yo5bb I thought he looked disgusted. lol
Just in time for lunch
dinner
Lunch.
early lunch
Another use for them during the current economic hardship...begging bowls.
@@L.C.Sweeney brexit 😂
@@L.C.Sweeney "Another use for them during the current economic hardship...begging bowls." I assume I can say it, since my icon is a plain and simple one.
@@L.C.Sweeney Ofc it was big bad china that closed down all the pubs. Not our own actual government.
@@L.C.Sweeney Apparently all 1.393 billion people from China according to you
this episode is like 10 years old, dragons are called that for a reason, its the reason they are in the money.
Ruff ruff! What happened to Mad Dog Woodruff? His sideburns were the stuff of legend
Waste of a chair
12:37 "I hope to be in that chair in a few years time"
What, the one outside? XD
Theo The Foetus just loves himself, he is very watchable tho.
Knew a guy like him in school, his nickname was cripple.
Theo sounding like a child at the end. And really makes no business sense
Even with millions in their pockets, they are the same emotional beings as they shown in the end when the guy tell them fair and straight where he stands and tell them in face that 50 or 40% is just ridiculous.
Give Jenny a break atleast she made some investments...Doug Is the worst dragon ever.
I agree. I never liked Doug. And he was supposed to be representing us lol.
Doug...apparently abuses children.
@@cannonball9478 there’s no apparently about it.
The best dragon 🐉 is Duncan because he stirred the pot all the time
How that Doug Richards avoided jail I'll never know. Horrible, horrible man.
What do you mean?
@@jlocke5385 Jury at Old Bailey, UK found Richard, 57, not guilty of sexual activity with 13-year-old girl after he claimed he thought she was 17!
So funny I was looking at him in a previous episode thinking he looks like a creeper
This company was dissolved a few years after this show aired, owing £65k and having two defaults lodged against them. I know hindsight is a wonderful thing but OMG what an opportunity missed. What's worse is someone is using their name to sell fake versions on Amazon.
What happens to all his patents and designs etc?
All the people commenting that he made the right call need to read this lol
he would rather own 80% of nothing than 50% of what could have been a global brand.
I absolutely totally love it when the entrepreneurs walk away from these greedy tossers, it makes my day watching their faces go sour. Looks like Theo's arse got pretty sore after the refusel.
aye :p
I bet you're that person in real life who complains an item from walmart was too expensive after you shoplifted.
They end up with nothing or next to nothing when really they could have made something or just made some money and cashed out he probably didn’t get far or sold the whole idea of his foldy cups
I sense jealously on your part.
@@blaineroberts9605 I've seen people white knight for women on comment sections, now I see you white knighting for millionaires. Truly I've seen it all.
Fair play to this bloke. He didnt bend over. He will be a good businessman and his business will flourish
Well its an old episode and the pruduct is not on the market now so...
The business is ded Jim
@@jarlbalgruufthegreater1758 50% of something would have been better than 100% of nothing
11:54 underhand by Paphitis. He should've told him about Bernstein when he offered him 50%.
Jay: I feel sorry for them because they have missed a great opportunity to invest in my opinion
Evan: You don't have to worry about them
*Rachel Elnaugh sinks in chair*
There’s a daily mail article about this and it sounds a whole lot different😂
To cheer himself up after that he listened to his favourite Crash Test Dummies track.
This guy is a genius and the products seem promising 🙂
@YoshiPeach Mario You know, they look kind of good I have to say.
Did anybody else ever get one?
genius? nah. competent and good guy though.
company folded
Old episode, company doesen't exist anymore. You have a good eye for this 😂
@@jarlbalgruufthegreater1758success of a business doesn’t determine the quality of a product.
I heard that they folded
I see what you did there. 😂
What do you mean?
no idea tbh. Ask the last guy though he seems to know something about it
That made me crease up...
Can't get a cut now they're folded.
Swear Duncan ears moved half way down his head min 5:25 watch very close
stevo 666 omg yes ! How weird
You mean 5.29 👍
Cyclists, campers the list is endless
Festival goers, hikers, travelers, refugees, etc.
Pic nics, i would buy the pack!
Van lifers
He looks like Duncan after burning his face off and having a fresh skin graft! x
Yes odd looking , almost looks like TinTin.
That's more like it haha!
Theo with the connection 😮
That guy's sales would have skyrocketed in the UK.
*Yikes*
At times like this I remember Levi Roots "Better to have 60% of a business going somewhere, then a 100% of a business going nowhere"
Yes but Lev admitted he had no business savvy, this chap does
Yeah and there was a similar line from Mark Cuban, "50% of a watermelon is bigger than 10% of a grape"
Gavin Collins he doesn’t though, hasn’t even checked his UK sales and wanted 100k for 10% of a business turning over 200k without potential growth with 0 investment
@@gavincollins9376 Levi was better than he thought and by extension you as well. If you watch the upload recently the he mentioned he still did the heavy lifting, but they put him in the room to sale the product. Don't get me wrong, they gave him a goal and instructions which is obviously a great help.
@@Daniel-bs1zx True, but to get where it takes some savvy, no!!
Asking for 50% and 40% is a joke of an already profitable business in the huge US market, he made the right choice
That Theo guy is such a snake. Asking 50% of the business is outrageous.
Yes.... and shocked when it was rightly turned down then he was burnt so much, he had to start name dropping of a personal friend to the other dragons that could have done this that and the other. The product sells itself and he'll find resellers without Theo's personal friend. I'd stay away from bricks and mortar store strategy and sell online with social media promotions.
Yeah an already multimillionaire and just wanting to eat half of a startup business. The guy makes me cringe
Why take 50% of something with experience and management when you can continue to mismanage until you have 100% of nothing. Brilliant.
He takes 50% because the margins simply aren't there, and the product can be easily copied too... also.. I've never seen or heard of this business since! So maybe should have taken the offer
Nah- there is usually a very good business reason when one of the dragons asks for a very large share of the company. There's nothing 'snaky' about his offer - he explained his reasons, and he had no competition from any other dragon. And there's nothing snaky about any offer really, even if every once in a while they may go a bit overboard - because it's an * offer* and everyone is free to walk away. Finally, can we all remember this is a heavily produced, heavily edited TV show and perhaps refrain from pretending that we know these people and their moral character in any way? You don't.
"I hope to be in that chair in a few years time." - um, seriously? I feel like he values his cups more than what's realistic.
The doug Richard has such a "i think in so good and better than everyone else" face.
Backpackers who care about the weight of their pack would love this stuff
Well done for not folding. A single call to a friend cannot be worth such a premium of this company.
"You have a friend? Right, I'll hand half my business over."
He was already selling in that store.
Never been on such a big Dragons Den binges since the lockdown 😂
Me too.
A men to that
me to and shark tank ,
Never cared as much as I don’t about your comment since lockdown 😂
you cared about it enough to make a comment that no one cares about ,
Dragons missed out on a beauty. This is all over the world now. And the product is amazing. Cheap, Lightweight, and does what it says on the box. Amazing.
whats it called?
@@megwhydoesitmatter Covid Cups
Then is nothing. Loved his answer. Pee back on his face :))
He looks like Mark Zuckeberg in the thumbnail..
Mark Zuckerburger
11:40 That was a really arrogant comment from Theo. Asking for 50% without mentioning the benefits of the partnership is just ridiculous.
Yeh makes no sense
Theo: I
Jay: mhmm
Theo: will
Jay: mhmm
Theo: offer
Jay: mhmm
Theo: 100k
Jay: mhmm
Theo: for 50%
Jay: mhmmMMMMM
why does it look like he is trying to swallow his tongue throughout
It really does 😄
Nerves
😂😂😂😂
I'd like to see you go up there and show no nerves whilst a business of yours and it's future is all on the line in a high pressure environment in front of millions filmed for national TV.
That said fair enough though his flat personality did make him look a bit like Zuckerberg up there LOL.
He could have just gone to private investors but not he wanted television and money for being on the show... his choice
Why have I not seen this? This product looks awesome!
His company folded, like the cup.
No
Did it, i was gonna buy some for camping
@@victorespino5650 I saw it for sale on Amazon.
@@Lynnimod That doesn't mean the company is still going. It might have been bought out for instance.
They still sell them at REI
I had a similar idea years ago for dog bowls and it was already being manufactured. Now you see them in convenience stores so they're common.
5:38 - Think Duncan had a bit too much to drink again.
exaxctly!!... where does it get that valuation from????
shocked i had to go that far down the comments to see someone pointing that out.
🥃🕳🥃, 🏴
What Theo said at 11:50 shows proper spite.
If he asked for 100K for 10% then he values his company at 1 million.
This guy answer many question goodly than any other pitcher
Soooo how will this product sell my personal information?
If he says "mhm" one more time I'm going lose my mind. I'd never work with him for that one reason alone. I wouldn't be able to tolerate it.
The last time I came this early my girlfriend left me
Omg hahahahah
F
Interesting that Duncan pointed out that 10% of the company for £100,000 means that the pre-money valuation is £900,000, because the post-money valuation will *become* £1m once the investment is added. In later seasons they don’t even differentiate between pre-money and post-money valuations, and grill the entrepreneurs on why their company is worth a post-money price *now*. I wonder if the producers asked them to “dumb it down” for viewers.
What Theo said at the end highlights why the system is so rigged even if you're an entrepreneur lol
So 50% of of what someone has worked for 3 years is worth him being in the right social circle.
What an "do you know who I am" moment. Obnoxious man.
Rachel and Doug both looking like "Why would people eat out of anything other than solid gold tupperware"
😂
You can get these very cheaply now. On Amazon Uk you can get all the pieces for £3.99, or two full sets for £4.99. Bargain! Shame the bloke was so unlikeable. Perhaps it was just nerves? Theo should have told him what he could bring to the project. But I wonder if Jay was just there for the advertising.
Why do you say he is unlikeable ?
This product looks great. Is prob easier to wash than regular dishes.
You don't want to eat from plastic everyday
Title: "Pick Up The Bloody Phone, It Takes 30 Seconds!"
Jordan Belfort:
"Pick up the phone and start dialing " ha, great movie
Not to contact a customer and ask for some feedback on sales must leave a question mark with the customer that the seller doesn't really care. You are never to busy to make that call.
You mean to contact one of his resellers/vendors/distributors. Not the 'customer'.
The Canadian version of Dragon's Den have a lot more accepted pitches and investments.They retrace past pitches and show the progress of the investment with outside cameras and updates on their success.They seem to have a lot more 'fun' by inviting the dragons to participate in the pitches.The original British show is much more conservative and cautious although very entertaining.
What's it's called? Most of these pitches are too amateur , entertaining though
@@victorespino5650 um, it's called Dragons Den Canada 🤣
Well done Jay for refusing the Dragons greedy offers
Good man, that's what I like to see. Someone that isn't scared to stick two fingers up to the dragons and their cheeky offers!
The guy wrote a blog in 2014 about the business failing. He's since been working on other products.
the way you pitch really can change things. I mean this guy makes it sounds like this is the most boring stuff ever but teleshopping channel sell stuff like this all the time and they just make them sound so exciting.
Not everyone is great at marketing
Doesn't really matter, we can all see the usefulness of the product
Good on him rejecting the offers. 2 years later the company went bankrupt. Instead of 60% of something he got 100% of nothing. Peter was right. He would live to regret turning down the offer. Rumour is he’s back to hitch hiking.
I love the OG dragons dens!
"Yeah...mhm...yea...mhm...mhmm...yea..ok..mhmm...yep."
I dont get how Rachel said he would have to sell 20 million units for a £7 million turnover, I thought the products were £2-£8 each?
That's probably why her company went bust. She's not very good with numbers
She probably multiplied instead of dividing. 7 million x 3, instead of 7 million / 3. Rofl! Quality investors they have, but the guy obviously didn't calculate it himself either to correct her (or didn't think about it in the spur of the moment how absurd it was).
Net profit. Difference between sale at store wholesale and end of year return. That being said the maths was wrongly calculated. Perhaps it was over a long period of time
No one:
*Mark Zuckerburg in Dragons Den*
Hey it,s Doug the Kiddy fiddler !!
Legend has it he's still saying "Mmm hmm, mmm hmm, mmm hmm, mmm hmm..."
That wasn’t Doug laughing at the end was it. Wooow the moody git can smile and even laugh😱
Susan Waugh check google to what he’s been up to recently. Very strange guy.
I've never seen this product ever anywhere.
His company folded years ago 😬 no pun intended
If no pun intended, why did you write a pun?
Locutus I only realised the pun when I was typing it lmao
go under or sell out?
Locutus - To you, it’s not. You don’t speak for the rest of humanity.
@@jackryan6771 did his company fold years ago? Thought it was good
New drinking game. Take a shot every time this guy said mm-hmm