That radiator man was a breath of fresh air. Serious and to the point during the whole discussion, and when Duncan took the piss, he took the piss right back. Glad to see he's done well.
yes, loved that man. He was so comfortable in his product and ability to sell I think Duncan really wanted to invest but it might have been ego and the back and fourth that didn't let him.
yep, you could clearly see he was the practical sort of guy and the dragons just took the discussion in a weird direction. Obviously duncan doesn't have a better solution on the spot having no knowledge on the subject, a little arrogant
Even just appearing on these shows can be a big win for the ones seeking. It’s advertising, and honestly it seems a good product idea. Only issue I would see would be fire potential.
I loved the radioator guy. Dude was cool and composed. Assertive but not rude. Confident but not condescending. And very cheeky. Glad he is doing well.
Considering how extremely risk-adverse yet demanding the Dragons are, they would have probably rejected pitches from early-era Microsoft or Apple because: Peter would demand 100% of their other businesses Deborah would find some hole in their patents Touker would ask why they are not renting prime office spaces in London Jenny would just be out
Sure but it's easy to apply that logic to a wildly successful company with hindsight, but think of the thousands of companies who have gone bankrupt because of issues related to patents, cash flow, unproven concepts, undefined target audiences, poor branding, etc. Whether they invested in Apple or Microsoft or not, they wouldn't be down money, which is the most important thing. Also, I wouldn't say the Dragons are "risk-adverse" per se, they just require a proof of concept; after all, they're only millionaires, they're not Musk or Bezos lol
Its so hilarious that Deborah doesn't think that the concept of JustEat would take off because people would rather just search for a Chinese specifically and now the entire takeaway market is dominated by JustEat, Deliveroo and Uber Eats.
@@tombojumbo Yeh v good point and he may have the Logistics/hardware in place but maybe not the total know-how and also time though he has a team you still Would have to invest a considerable amount of time-I think some t.Aways are missing a opportunity as If they had a database of all the customers they could text/email them all the days/weeks offers and prompt people to order without being intrusive etc They did well though-well done is better than well said!!😃
@@tombojumbo a lot of the times they don't think a business is a bad idea, they just don't think it's an investible business with a return that's worth their time. Besides that, Peter is filthy rich and looking for extremely high return possibilities...
I'll never forget the radiator man putting Duncan in his place, very funny. I love his frankness. I do love it when the "know it all" experts are exposed.👍
Thing is, I think that Duncan knew that too. I think he respected him and knew that, like himself, he speaks directly, but not arrogantly or with malice.
I never understood why the majority of the dragons didn't go for the skirting heating system. It was a fantastic idea, he clearly knew his market, had no debts and I thought they were idiots to dismiss it like that at the time.
BCz he was more confident and didn’t take any of their know it all BS. And as I see most of them favour an Alfa position and that matters more than anything else. Their know it all lost them the radiator deal.
@@Howoulduknow841 Unfortunately, they never really "lose". All of them are still gonna wake up as successful millionaires for the foreseeable future. But you're 100% right that they never invest in anyone who has a backbone. Probably why the majority of businesses they actually invest in just end up flopping in the end.
Even the second product was so great. I couldn't figure out a single reason why would any investor was not interested in it instead they were trying to think of absurd reasons like "US is grave yard of uk business" just to reject her.
What? The criticisms were very on point. Mainly, if it's so good of a product, then why has he invested 400k, and is still on a loss. As they've said... if he couldn't make a profit out of 400k, what would 150k be? And at 10% stake... just how long would it take for them to get the return again on ONE HUNDRED FIFTY THOUSAND. If it was a smaller ask, I bet they would've offered a deal. But 150k is asking for too much on a business that's still on a loss.
I cheered for her when I found out how well she did. I don’t think they tore up her business though, they all had huge respect for her. I don’t think they were wrong to show prudence on the USA ambitions considering what can happen either, but hindsight is a wonderful thing 😀
Duncan had a second chance with hungryhouse and messed up again. £1 million for 25% was an incredible deal as the business was bought by Just Eat for £200 million in 2018. Giving Duncan a £49 million profit.
Not necessarily as Hungry House were bought by a German company, Delivery Hero in 2013 with the existing directors exiting over the next couple of years. In 2018 Delivery Hero were acquired by Just Eat for £200m plus £40m extra if targets were met.
It is interesting to see how James Caan conducts himself compared to the rest of the dragons. He seems a lot less arrogant and a genuine nice person. This video is a reminder that just because you have wealth and success doesn't mean you can talk down to anyone who is brave enough to start their own business.
@K B couldn't disagree more,James was THE dragon that NEVER was influenced by what the others thought. Just look at lots of his investments, the other dragons were often out yet James went his own way and made offers. There is even a documentary on the den in which Peter says how much James can surprise them by investing in things they all think are no good. I don't know why you think his downfall is being influenced by the others when he's the complete opposite, I can only assume that you haven't seen that many episodes with James in them
That guy with the skirting radiators was absolutely brilliant, seems a really decent bloke and I'm made up for him making it work... His humour and calmness is amazing... God bless you sir 👏👏👏👏
Imagine being offered to get in on the ground floor with JustEat and saying no. This is like being one of the eleven publishers who turned down Harry Potter lol
I would say it just goes along the lines of something not being for them. None of the dragons knew it was gonna do extremely well 10 years from now, and those publishers who rejected Harry Potter thought the same. It's just one of those things, ideas are not for everyone but it doesn't mean it won't be a success.
"dont think we could fit Duncan and his ego in this building, its only 4000 square feet" hahaha brilliant, its a great product the skirting radiator. Very ingenious and neat idea. How no one invested in it is beyond me.
Every dragon there has a big ego tbf. Peter's reply to replicating hungry house is rude and harsh to upcoming entrepreneurs with good innovations. All of them were also bitter when the second lady wanted to invest in USA. British dudes are so tilted negatively.
One thing that got me about the radiator guy is that no one mentioned the running cost vs his heating compared to a standard radiator or at least I didn't hear it. I thought it was a great product.
@@rogerphelps9939needed a boiler manuf on side, flow rates, flow temps etc. If he had a bit more detail and some backing from heating companies with credibility he'd have been in
I love Peter talking about how he could set up the takeaway business himself for £100k. He'd use his 40 developers and employ 3 people to build up the contacts. Let's figure out how much he's paying these 43 people with his £100k, shall we?
I really like James Khan, he consistently saw the potential in these businesses and is always polite, never dismissing out of hand. and it pays off, by being polite, you never look a fool!
Just Eat bought it from Delivery Hero who had previously bought it from the original owners featured on this episode. They received a lot less but invested 98% of their returns into shares in Delivery Hero and when Just Eat bought Delivery Hero they made a few million on their shares not 200M.
Radiator guy explains to Peter that he needs a Dragon not for the money, but for the doors it'll open for his company. Then Theo almost immediately after says "you've already got money, so I don't know why you're here. You don't need us, I'm out." Feel like that pitch was frustrating in general for the guy.
I agree 100%. It's like the dragons think the people who walk in should be grateful for a £100k investment... an amount of money that literally any high street bank would lend to anyone on a £25k salary. Bizarre the way they talk to him. The good entrepreneurs going in don't need a single penny of investment, they need the connections or they want to avoiding mistakes that successful people have already made and they are smart enough to realise they would rather own a percentage of something instead of 100% of nothing. This clip was back in 2008 though and it was a completely different world back then for quite a few reasons.
Had 3 (lost two of them over the last guts of a decade) of these dog bowls. One large one in the back of a VW Golf for 80 days didn't spill a drop. Good gear thanks !
Just for the record, Hungry house sold for 200m and 40m bonus in Dec 2016, 100k investment for 20 million 10 years is insane returns and could have been even bigger if it had a dragon with them early on.
@@russnunn2456 the first acquisition happened in 2012 by Delivery Hero and in 2018 just eat bought it for £200 million, so this was all happened before the pandemic.
HELL YES! I live in the southern USA, and we have Postmates, door dash, uber eats, grub hub, grub south...if I only had $50k to invest at the begining....id be sitting pretty
They were right that food delivery is a bad business, but wrong that it's a good investment. Just Eat (which would have the best economies of scale) was making a loss of 350M in 2021.
That radiator baseboard is a brilliant idea and I don't understand why the guy didn't offer the angle of installing it during the construction of the house or apartment complex. That could have changed everything because when The Dragons would have obviously asked why you'd do it if the price is higher, they could have responded by pointing out that there are people who care about form over price.
Exactly. It's not a retrofitted product. It could be installed in all new homes. I just wonder if it has the ability to push out enough heat and if it were dangerous to children accidently touching the skirting board.
I don’t necessarily agree with Theo, simply because the guy can raise funds in addition to his £400k capital injection at times of filming, shouldn’t always dictate an immediate out as most pitching requires the experience and contact of a dragon. On occasion this could be secondary to the actual investment funds.
In December 2016, Just Eat announced that it was acquiring Hungryhouse from Delivery Hero for £200 million (with the possibility of a further £40 million if the company hits performance targets), subject to regulatory approval.
I love this upload, thank you so much!! it was actually sweet to see them go back and talk to the people they had turned away. Theo particularly was great. Loved the dog bowl lady and the radiator guy.
Hungry House was sold in 2013 to a German company, it then was brought out by Just Eat in 2016 for 200 million. A nice little profit for those involved.
So Just Eat paid £200m + for Hungry House back in 2016.... Not a bad ending at all. The boys always said they wanted to build something that they could exit on top. Well done to them...
Radiator guy is a breath of fresh air and is where intelligence meets empty minds with money, INTELLIGENCE ALWAYS WINS! Way to go Martin! Bet the dragons are not so high and mighty now! 🤣
Radiator guy was told by everyone that he was too smart and couldnt assist him because they had no idea what was going on in his industry. Im happy for him.
alot has changed for Hungry House, but one thing I did notice in this is the use of the word "Fax" and concerns about the restaurants paying. It is very easy to look at the market now and say the Dragons missed out, BUT on the business pitched, you can see why the deal never happened. Had they pitched it with "live link" then yeah it would be easy to say the Dragons made a mistake.
I was cheering for that woman with the dog bowl after I found out how successful she became. What an absolutely incredible, exceptional lady!! Couldn’t have deserved it more
I honestly feel like them not investing in Hungry House was good. Hungry House succeeded massively without them. They may have held them back. I've seen some businesses be invested in by the Dragons and they aren't doing exactly amazingly.
Loved Martin the Radiator man especially sticking it to Duncan. Theo he doesn't need the money he needs the expertise and contacts of the Dragons ! This is why he's here. Glad he made millions
LMAO - the arrogance of those two was ridiculous - they could possibly say that to any entrepreneur - its more a reflection on them so why are they there? Unless they're just trying to get ratings
heated skirts.. omfg you just know these dragons never builded the house.. or at least look at the price before saying yes.. its a great idea. so many people pay sooooo much more to get floor heating. skirts is a great (leaning at the low) middle option!!! absolutely love the concept!!!
Wrong. They are equivalent to a medium sized single panel radiator with no convectors. They will be absolutely hopeless with the low flow temperatures required for good heating efficiency especially with heat pumps. A good idea on the surface but it is rubbish on close inspection.
Some of the excuses the Dragons came up with for not investing in some of those peoples ideas sounded irrational to me. Like Theo asking the heating guy, Martin, if he himself could find a few thousand to invest in an idea and because he said 'yes' Theo then turned around and said "ah, well you don't need me then so I'm out". What utter nonsense. The guy was just answering the question hypothetically, it doesn't mean he couldn't use an investor himself in the moment!
Lol I can imagine the guy that invested the toaster trying to get investment and they'd all be like "who wants a device purely for toasting bread, this is nonsense" "why would I use this when I can toast bread under the grill" "there's a reason no one's come up with this before"
I dont know if he still owns the business but the radiator guys business is still in business and seems to be going well so props to the guy he saw it all the way through ❤
Watching now seeing how they missed out on some of these you have to question how much they are in touch with reality sometimes, missing out on hungryhouse was so foolish. What a lucrative business deal they missed out on 😅
I think there's one reason that the Dragons didn't invest in the skirting bloke, and James Khan alluded to it. The Dragons were intimidated by him. They could see he is very capable, and they wouldn't be able to direct and dominate him.
One of the main inventors of Danish Just-Eat that bought Hungryhouse indirectly for £200 million in 2018, is actually the Peter Jones of the Danish version of Dragon's Den. Here, it's just called Lion's Den.
With the skirting board heating Theo knew that the bloke didn't need the money but he wanted his name and expertise onboard. It's not about 100% money on here. Quite a few go on to get a dragon onboard to speed up processes and to open doors!
They can't invest in every idea that comes along, so naturally there will be the ones that got away. Success stories outside of the Den are great. Glad to see the fruits of their labor even if they didn't get a Dragon.
I can see more of a use in commercial sites, big offices etc. Only way it would take off well in new builds is if it didn't look so generic. If someone is building their house they'll want nice decorative skirting not some flat, brushed aluminium skirting. If he could make it replicating current popular designs and have a catalogue of different designs he could be onto something then. It would probably cost too much production wise though in his site to be making multiple ranges!
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That radiator man was a breath of fresh air. Serious and to the point during the whole discussion, and when Duncan took the piss, he took the piss right back. Glad to see he's done well.
yes, loved that man. He was so comfortable in his product and ability to sell
I think Duncan really wanted to invest but it might have been ego and the back and fourth that didn't let him.
YTuka was a complete dick to the radiator guy.
Was thinking the same... Bloody brilliant
yep, you could clearly see he was the practical sort of guy and the dragons just took the discussion in a weird direction. Obviously duncan doesn't have a better solution on the spot having no knowledge on the subject, a little arrogant
Even just appearing on these shows can be a big win for the ones seeking. It’s advertising, and honestly it seems a good product idea. Only issue I would see would be fire potential.
"It's an idea but....I won't be exploring it". That was just pure class from the radiator dude. Big Dunc finally got his match.
The funniest comeback in Den history 😂👏😊
I use that phrase it's good
I loved the radioator guy. Dude was cool and composed. Assertive but not rude. Confident but not condescending. And very cheeky. Glad he is doing well.
Very impressed with his delivery, So glad he is successful and I wish him all the best, from an Irish viewer
he was a bit too cocky..
@@LHRUK he gave what they gave, he earned respect
Cool ? Don't you mean warm to hot
"Well if you give me your address I'll come round" - one of the best lines in Dragon's Den history and for once, Duncan had no comeback.
Considering how extremely risk-adverse yet demanding the Dragons are, they would have probably rejected pitches from early-era Microsoft or Apple because:
Peter would demand 100% of their other businesses
Deborah would find some hole in their patents
Touker would ask why they are not renting prime office spaces in London
Jenny would just be out
I could imagine them saying that Apple is a bad name for a computer company as people will think of the fruit instead. lol
@@icydsting6037 It's certainly rotten to the core.
And Evan's puns would have remained the same.
Sure but it's easy to apply that logic to a wildly successful company with hindsight, but think of the thousands of companies who have gone bankrupt because of issues related to patents, cash flow, unproven concepts, undefined target audiences, poor branding, etc. Whether they invested in Apple or Microsoft or not, they wouldn't be down money, which is the most important thing. Also, I wouldn't say the Dragons are "risk-adverse" per se, they just require a proof of concept; after all, they're only millionaires, they're not Musk or Bezos lol
What about Tej Lalvani?
Its so hilarious that Deborah doesn't think that the concept of JustEat would take off because people would rather just search for a Chinese specifically and now the entire takeaway market is dominated by JustEat, Deliveroo and Uber Eats.
Duncan’s comment was spot on
Hindsight is a wonderful thing. Think about how many times the dragons were right in what they have said about a company.
@@tombojumbo Yeh v good point and he may have the Logistics/hardware in place but maybe not the total know-how and also time though he has a team you still Would have to invest a considerable amount of time-I think some t.Aways are missing a opportunity as If they had a database of all the customers they could text/email them all the days/weeks offers and prompt people to order without being intrusive etc
They did well though-well done is better than well said!!😃
@@tombojumbo a lot of the times they don't think a business is a bad idea, they just don't think it's an investible business with a return that's worth their time. Besides that, Peter is filthy rich and looking for extremely high return possibilities...
@@3Mizormac total hindsight but it was still one of Deborah's most obviously out of touch comments...
Martin knew what he was doing. He didn't need investment, he needed marketing. Just appearing on the show with a competent pitch was a win for him.
He knew his product, knew his figures and didn't really need the money. It was a really competent, confident and fun pitch.
free marketing campain.
@@TheTwsa Yep, Martin played them good and proper . No publicity is bad publicity
Dragon's Den Sound Engineer: We need to make sure that the foreground music is more audible than the voiceover, that's the way to do it.
THANK YOU I WAS LOOKING FOR A COMMENT ABOUT THIS
That was driving me nuts! I have hearing issues and all I could hear were the drum machines!
Shockingly bad, I know.
I agree the background music level was valued too high. And for that reason I’m out
For whatever reason BBC do that with everything on youtube. Back when top gear was worth watching it was the same thing with their videos.
I'll never forget the radiator man putting Duncan in his place, very funny. I love his frankness. I do love it when the "know it all" experts are exposed.👍
Same Cuz no body knows it all No One
🤔🤣👆
4000 sq.ft not big enough for Bannatynes' ego.....priceless!!
This guy is a genius!!!
Thing is, I think that Duncan knew that too. I think he respected him and knew that, like himself, he speaks directly, but not arrogantly or with malice.
I never understood why the majority of the dragons didn't go for the skirting heating system. It was a fantastic idea, he clearly knew his market, had no debts and I thought they were idiots to dismiss it like that at the time.
BCz he was more confident and didn’t take any of their know it all BS. And as I see most of them favour an Alfa position and that matters more than anything else.
Their know it all lost them the radiator deal.
@@Howoulduknow841 Unfortunately, they never really "lose". All of them are still gonna wake up as successful millionaires for the foreseeable future.
But you're 100% right that they never invest in anyone who has a backbone. Probably why the majority of businesses they actually invest in just end up flopping in the end.
He didn't need the money he needed the more advertising more well known people in the market
Even the second product was so great. I couldn't figure out a single reason why would any investor was not interested in it instead they were trying to think of absurd reasons like "US is grave yard of uk business" just to reject her.
What? The criticisms were very on point.
Mainly, if it's so good of a product, then why has he invested 400k, and is still on a loss.
As they've said... if he couldn't make a profit out of 400k, what would 150k be?
And at 10% stake... just how long would it take for them to get the return again on ONE HUNDRED FIFTY THOUSAND.
If it was a smaller ask, I bet they would've offered a deal. But 150k is asking for too much on a business that's still on a loss.
The women with the dog bowl idea... What a hero, love her. She didnt give up and they really bashed her up on her business... Champion
Yeah, I loved that success story. Wow, to keep going after a stroke, what a fighter
She’s a super star!
I cheered for her when I found out how well she did. I don’t think they tore up her business though, they all had huge respect for her. I don’t think they were wrong to show prudence on the USA ambitions considering what can happen either, but hindsight is a wonderful thing 😀
12:01 "No, no I don't think we could fit him and his ego in this building it's only 4,000 square feet" 🤣 - very witty.
Duncan had a second chance with hungryhouse and messed up again. £1 million for 25% was an incredible deal as the business was bought by Just Eat for £200 million in 2018. Giving Duncan a £49 million profit.
Hey thanks for doing the math!
Fantastic - I am really pleased for them!!
Not necessarily as Hungry House were bought by a German company, Delivery Hero in 2013 with the existing directors exiting over the next couple of years.
In 2018 Delivery Hero were acquired by Just Eat for £200m plus £40m extra if targets were met.
You mean 50k for 25% ?
@@cockpiss9260 So it was Delivery Hero that got most of the cash! That would have been Duncan's exit point, had he come up with the cash.
It is interesting to see how James Caan conducts himself compared to the rest of the dragons. He seems a lot less arrogant and a genuine nice person. This video is a reminder that just because you have wealth and success doesn't mean you can talk down to anyone who is brave enough to start their own business.
He's a different kind of rich person. And I've seen him be pretty brutal before
He's a very handsome 😍 also doesn't hurt his appeal .
@K B couldn't disagree more,James was THE dragon that NEVER was influenced by what the others thought. Just look at lots of his investments, the other dragons were often out yet James went his own way and made offers. There is even a documentary on the den in which Peter says how much James can surprise them by investing in things they all think are no good.
I don't know why you think his downfall is being influenced by the others when he's the complete opposite, I can only assume that you haven't seen that many episodes with James in them
Perfectly said, I'm always impressed by his polite and calm manner.
Humility is a great attribute.
Beware of wolves in sheep's clothing!
That guy with the skirting radiators was absolutely brilliant, seems a really decent bloke and I'm made up for him making it work... His humour and calmness is amazing... God bless you sir 👏👏👏👏
Imagine being offered to get in on the ground floor with JustEat and saying no. This is like being one of the eleven publishers who turned down Harry Potter lol
I would say it just goes along the lines of something not being for them. None of the dragons knew it was gonna do extremely well 10 years from now, and those publishers who rejected Harry Potter thought the same. It's just one of those things, ideas are not for everyone but it doesn't mean it won't be a success.
@@WxB2001 to be fair, it's unlikely a bunch of millionaires would understand the market for online take aways.
...or Blockbuster turning down the offer to buy Netflix
@@lurkzie
Wasn't that when Netflix was a mailing service like Lovefilm?
its all about the vison and for some reason the dragons didnt have the vision or patience to understand the online takeaway food business
What a bunch of smart arses to the radiator guy. He presented a sharp and articulate product with the exception of James
"dont think we could fit Duncan and his ego in this building, its only 4000 square feet" hahaha brilliant, its a great product the skirting radiator. Very ingenious and neat idea. How no one invested in it is beyond me.
Every dragon there has a big ego tbf. Peter's reply to replicating hungry house is rude and harsh to upcoming entrepreneurs with good innovations. All of them were also bitter when the second lady wanted to invest in USA. British dudes are so tilted negatively.
@@jeremiahakinlabi7232 Ah didums 🤣
How wrong was Debra regarding ordering food online
10 years ago tho
@@sh3tpostsgamertime204 still wrong
@@FawadNaeem898 you’ve got me.
She couldn see uber eat coming
@@sh3tpostsgamertime204 investors should be looking 10 years into the future.
One thing that got me about the radiator guy is that no one mentioned the running cost vs his heating compared to a standard radiator or at least I didn't hear it. I thought it was a great product.
Actually it is crap. The surface area is woefully inadequate.
@@rogerphelps9939needed a boiler manuf on side, flow rates, flow temps etc. If he had a bit more detail and some backing from heating companies with credibility he'd have been in
I love Peter talking about how he could set up the takeaway business himself for £100k. He'd use his 40 developers and employ 3 people to build up the contacts. Let's figure out how much he's paying these 43 people with his £100k, shall we?
He already employs them under different company he has a development team producing things he would give this task to them
@@rrgguhgrvnirugu4ghu43konni9 Yes he does. And he pays them too. So…? What’s your point?
Jeff Bezos: I have this website to sell stuff online
Peter Jones: I have 40 developers, tell me why I can't do it next month. You have no value
@@xitizzz I would be otherwise lol.
Peter Jones : I have 40 developers, I can build this website next month and sell stuff
Jeff Bezos : Yeah sure
@@stnmtambat9374 I wish someone said that to him during the show. Like why aren't you Amazon then?
I don't get that argument, "What's to stop me doing the same thing?" The point is, they already have done it.
Exactly they also have the infrastructure, primed for expansion. He said they are positioned in a third of London restaurants, and in 150 restaurants.
even if peter had tried to compete against hungry house he would have been a late entrant!! i dont think he understood the business model
Funny thing about Just-Eat; The guy who founded it (Jesper Buch) is the longest sitting dragon on the Danish version of dragons Den.
I really like James Khan, he consistently saw the potential in these businesses and is always polite, never dismissing out of hand. and it pays off, by being polite, you never look a fool!
I wonder if Duncan ate his words considering 'Just Eat' bought out Hungryhouse for 200M in 2018.
Duncan definitely wouldn’t be using the website. Eating all those words will have filled him up nicely.
Please get your facts right. and who took over Hungryhouse before Just Eat
300 million actually
Lol hungry house sold for 200 million, Duncan missed out twice😂😂😂
Haha couldn't have happened to a "better" person,I always find him ignorant, condescending and arrogant,pleased he missed out
yep, Just Eat baught it and they’re now worth 3.2 billion
Just Eat bought it from Delivery Hero who had previously bought it from the original owners featured on this episode. They received a lot less but invested 98% of their returns into shares in Delivery Hero and when Just Eat bought Delivery Hero they made a few million on their shares not 200M.
Duncan was always the smartass investor who barely knew what he was doing and always adding like the smartest of all
One of the main inventors of Just-Eat, is actually the Peter Jones of the Danish version of Dragon's Den.
Here, it's just called Lion's Den.
Radiator guy explains to Peter that he needs a Dragon not for the money, but for the doors it'll open for his company.
Then Theo almost immediately after says "you've already got money, so I don't know why you're here. You don't need us, I'm out."
Feel like that pitch was frustrating in general for the guy.
I agree 100%. It's like the dragons think the people who walk in should be grateful for a £100k investment... an amount of money that literally any high street bank would lend to anyone on a £25k salary. Bizarre the way they talk to him. The good entrepreneurs going in don't need a single penny of investment, they need the connections or they want to avoiding mistakes that successful people have already made and they are smart enough to realise they would rather own a percentage of something instead of 100% of nothing. This clip was back in 2008 though and it was a completely different world back then for quite a few reasons.
39:00 - Absolutely rocking bass line here (though unfortunately there’s a slight hint of business-related narration audible in the background).
Best comment on here!
Had 3 (lost two of them over the last guts of a decade) of these dog bowls. One large one in the back of a VW Golf for 80 days didn't spill a drop. Good gear thanks !
radiator man is the mvp
he knows his stuff, is serious but also very funny and a priceless sense of humor
im so glad his business is booming
I love seeing these entrepreneurs after the den! Love these stories of success!
Just for the record, Hungry house sold for 200m and 40m bonus in Dec 2016, 100k investment for 20 million 10 years is insane returns and could have been even bigger if it had a dragon with them early on.
"I don't think i'll ever look back at this and regret not putting a million pounds in"
Famous last words haha
If only he could predict a pandemic 😷 lol
They sold for £200 mill
@@russnunn2456 the first acquisition happened in 2012 by Delivery Hero and in 2018 just eat bought it for £200 million, so this was all happened before the pandemic.
@@russnunn2456
They did extremely well far before the pandemic.
@@Bollibompa sure but it took them businesses to the stratosphere over night
The Dragons were so wrong about food deliveries weren't they?
HELL YES! I live in the southern USA, and we have Postmates, door dash, uber eats, grub hub, grub south...if I only had $50k to invest at the begining....id be sitting pretty
They were right that food delivery is a bad business, but wrong that it's a good investment.
Just Eat (which would have the best economies of scale) was making a loss of 350M in 2021.
@@fleischwolf82
You don't know why they made a loss you muppet.
This program actually humiliated the Dragons many times. It goes to show that past success is often not a predictor of future success.
Im so happy the dog bowl was successful. This lady deserves everything.
The radiator skirting board guy struck wholesale deals with house building firms all over. Those skirtings are in new builds all over the place now.
People will regret having them when they have to fit a heat pump.
The recent reviews for his business are not great.
Deborah saying I don't think people sit there and decide what they want to eat, is basically what she just said 😂
That radiator baseboard is a brilliant idea and I don't understand why the guy didn't offer the angle of installing it during the construction of the house or apartment complex. That could have changed everything because when The Dragons would have obviously asked why you'd do it if the price is higher, they could have responded by pointing out that there are people who care about form over price.
Exactly. It's not a retrofitted product. It could be installed in all new homes. I just wonder if it has the ability to push out enough heat and if it were dangerous to children accidently touching the skirting board.
I am more interested in how does he joins multiple panels. Also the surface would be less in my home than a radiator
I don’t necessarily agree with Theo, simply because the guy can raise funds in addition to his £400k capital injection at times of filming, shouldn’t always dictate an immediate out as most pitching requires the experience and contact of a dragon. On occasion this could be secondary to the actual investment funds.
He didn’t even listen to Martin. Martin needs the contacts. Theo lost the plot on this one. Go back to sleep Theo. 😂
The greatest come back in Dragons den history, "It's an idea, but I don't think I'll be exploring it!".
Hungry house sold to justeat for £200 million , Duncan and James going 🤯
as a product designer, the skirting board radiator is genius…
In December 2016, Just Eat announced that it was acquiring Hungryhouse from Delivery Hero for £200 million (with the possibility of a further £40 million if the company hits performance targets), subject to regulatory approval.
One of the founders of Just Eat - Jesper Buch - is one of the investors in the Danish edition of Dragons' Den - Løvens Hule.
This program should be called DEN OF THEVES !!!!
10:00 "It's an idea but I won't be exploring it" I love Bolton people and their directness
I love this upload, thank you so much!! it was actually sweet to see them go back and talk to the people they had turned away. Theo particularly was great. Loved the dog bowl lady and the radiator guy.
Hungry House was sold in 2013 to a German company, it then was brought out by Just Eat in 2016 for 200 million. A nice little profit for those involved.
Delivery Hero
*bought out. Not brought out. Two completely different words.
😮😮😮😮 200 million.
Those two founders invested 98% back into delivery hero and got a good chunk of the 200 million
Natalie is a pure inspiration, so very well done to her vision and determination in her product.
So Just Eat paid £200m + for Hungry House back in 2016.... Not a bad ending at all. The boys always said they wanted to build something that they could exit on top. Well done to them...
“There is no value in system design.”
What a crappy way to look at Internet businesses 😂
Radiator guy is a breath of fresh air and is where intelligence meets empty minds with money, INTELLIGENCE ALWAYS WINS! Way to go Martin! Bet the dragons are not so high and mighty now! 🤣
Loved the guy on the first clip, took no crap from the Dragon's, especially Duncan. And proved them all wrong..
"Give me your address and I'll come round." F*cking hilarious!
Radiator guy was told by everyone that he was too smart and couldnt assist him because they had no idea what was going on in his industry.
Im happy for him.
I've always wonder about the future business outcomes of the inventions shown on the show. This is well worth it to see. Thank you so much.
alot has changed for Hungry House, but one thing I did notice in this is the use of the word "Fax" and concerns about the restaurants paying. It is very easy to look at the market now and say the Dragons missed out, BUT on the business pitched, you can see why the deal never happened. Had they pitched it with "live link" then yeah it would be easy to say the Dragons made a mistake.
Very well done to the people who found success independently. Especially loved the girl with the spill free dog bowl. 🤗
That’s my nana she is a lovely women and is really trying to push her business further by 2030 we’re on the path of doing so now
Wow … The heating skirting board was amazing. I’m a gas engineer and every house built should be fitted with this
That denmark competitor that 'will eventually just buy you out' was just eat and did buy them out lol
They were insane not to invest in the first guy. Who the hell watches that pitch and doesn't think he's going to be successful?
I was cheering for that woman with the dog bowl after I found out how successful she became. What an absolutely incredible, exceptional lady!! Couldn’t have deserved it more
I honestly feel like them not investing in Hungry House was good. Hungry House succeeded massively without them. They may have held them back. I've seen some businesses be invested in by the Dragons and they aren't doing exactly amazingly.
"You've got a flourishing business?, you don't need me, I'm out!"
You've got a business that has not taken off yet? I'm out"
I bet the Dragons are secretly kicking themselves every time they see the Just Eat advert on TV.
I think they understand that opportunities come and go all the time and there is no reason to kick themselves.
they seemed to worried and too focused on hungry house competitors
Wish Duncan had been the one to visit the first business so he could have had egg on his face after saying it wouldn’t work etc. 😂
In this case of Martin and the skirting radiator, Theo totally flipped Martin's point when he said he needed a dragon to get into the bigger markets!.
I’m sure the first guy just went on there to advertise his product. What a genius
Radiator guy was simply to strongheaded for any of them to work with i think.... His (justified) confidence scared them.
Loved Martin the Radiator man especially sticking it to Duncan. Theo he doesn't need the money he needs the expertise and contacts of the Dragons ! This is why he's here. Glad he made millions
Imagine Peter telling Just Eat or Uber Eats what's so special about you?
Or Deborah saying people don't need a choice of food. 😂😂😂🤦♂️🤦♂️🤦♂️
LMAO - the arrogance of those two was ridiculous - they could possibly say that to any entrepreneur - its more a reflection on them so why are they there? Unless they're just trying to get ratings
heated skirts.. omfg you just know these dragons never builded the house.. or at least look at the price before saying yes.. its a great idea. so many people pay sooooo much more to get floor heating. skirts is a great (leaning at the low) middle option!!! absolutely love the concept!!!
Duncan actually built a couple nursing homes, not that he was involved in the labour, but he does have building experience
Wrong. They are equivalent to a medium sized single panel radiator with no convectors. They will be absolutely hopeless with the low flow temperatures required for good heating efficiency especially with heat pumps. A good idea on the surface but it is rubbish on close inspection.
Those guys pitching hungryhouse are now worth more than Deborah Meaden 😂
So many Billy Big Bollocks in one room - loved the heating man especially when he buried Duncan B
Some of the excuses the Dragons came up with for not investing in some of those peoples ideas sounded irrational to me. Like Theo asking the heating guy, Martin, if he himself could find a few thousand to invest in an idea and because he said 'yes' Theo then turned around and said "ah, well you don't need me then so I'm out". What utter nonsense. The guy was just answering the question hypothetically, it doesn't mean he couldn't use an investor himself in the moment!
42:55 hungryhouse was later sold for £200M...Duncan would've made an astronomical profit on his investment.
Lol I can imagine the guy that invested the toaster trying to get investment and they'd all be like "who wants a device purely for toasting bread, this is nonsense" "why would I use this when I can toast bread under the grill" "there's a reason no one's come up with this before"
I dont know if he still owns the business but the radiator guys business is still in business and seems to be going well so props to the guy he saw it all the way through ❤
Yes finally the video we have been waiting for !!
No! I wanna see the jennie video
It's not out yet.
@@Juvie99 do you mean the "home video"? 🤣
Watching now seeing how they missed out on some of these you have to question how much they are in touch with reality sometimes, missing out on hungryhouse was so foolish. What a lucrative business deal they missed out on 😅
Especially Duncan, he had two chances
Problem is they are easily influenced by the other dragons focusing on the reasons why it wouldn't work
I think there's one reason that the Dragons didn't invest in the skirting bloke, and James Khan alluded to it. The Dragons were intimidated by him. They could see he is very capable, and they wouldn't be able to direct and dominate him.
I loved how the first guy talked back to Duncan lol
Hungry house/just eat is now worth over 17bn and is the main reason why online takeway is so huge now. Those dragons took a major L
One of the main inventors of Danish Just-Eat that bought Hungryhouse indirectly for £200 million in 2018, is actually the Peter Jones of the Danish version of Dragon's Den.
Here, it's just called Lion's Den.
It's always great when the dragons try to be smart and funny for the cameras and end up making a fool of themselves by missing golden opportunities
that's crazy, I literally just ordered a couple of weeks back one of those non spill dog bowls, and its already here. Kind of ironic.
Water coincidence.
@@RockyDave Your comment is a little hidden underrated gem!
@@goldeneddie Thank you! I have my moments.
'If you must know I had a TIA'
Theo's face was cracking.
Ducan and his ego😂😂 that was one snappy comment😂😂😂
38:13 do you think that you could get your editor to increase the volume a bit here? I can almost hear the commentary.
Right? All I want are those sick beats.
The arrogance of the Dragons never ceases to amaze me, they are only where they are from the sweat of others.
Jenny Campbell would have no interest in a food delivery service as she prefers to eat out.
You could replace “food delivery service” with “none spill dog bowl” and it would still apply.
What a clever idea, to put heating in the skirting boards.
With the skirting board heating Theo knew that the bloke didn't need the money but he wanted his name and expertise onboard. It's not about 100% money on here. Quite a few go on to get a dragon onboard to speed up processes and to open doors!
The Dragons could never have predicted Covid for the growth in food deliveries too
it was still big pre covid, but yeah its insane now. You can stand in a McDonalds or a KFC, and its just you and 10 delivery people.
Yes. And also how old is this? All dragon’s look really young.
Jenny: "I'm 'so out' you can't even see me in those episodes".
out of the series.
The baseboard guy was hilarious!😂
I see they've missed out the door entry system for nightclubs which they ripped to shreds and called ridiculous. The owner sold for £47 million.
I can't find this, do you have any more info please? Sounds funny.
They can't invest in every idea that comes along, so naturally there will be the ones that got away. Success stories outside of the Den are great. Glad to see the fruits of their labor even if they didn't get a Dragon.
I''ve got one of those dog bowls in my kitchen right now. Had it for over 5 years. It is a great product.
Radiator idea is great for new builds, hate the idea of retrofitting it.
I can see more of a use in commercial sites, big offices etc. Only way it would take off well in new builds is if it didn't look so generic. If someone is building their house they'll want nice decorative skirting not some flat, brushed aluminium skirting. If he could make it replicating current popular designs and have a catalogue of different designs he could be onto something then. It would probably cost too much production wise though in his site to be making multiple ranges!