David’s Scattergun Approach May Cap His Global Potential | Dragons’ Den
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- Опубликовано: 7 сен 2024
- David Kendall is seeking an investment of £50,000 in return for a 25% equity stake in his slap-on wristwatch business. Having taken over 'Slappie' a year ago, Kendall explains that the business had achieved £105,000 worth of sales purely via e-commerce which excited the Dragons but Peter's got an issue with David's scattergun approach...
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 #Slappie #ObscureThings
This guy was so nice and polite, I wish the best for him.
Being polite and nice gets you nowhere in life
@@elyanae9588 Depends tbh. Sometimes yes sometimes no..
@@elyanae9588 yeah, thats why he got the investment from the dragon
@@amh9738 I said in life, not in the den. Smart a$$. That's just TV. It's all set up nonsense.
@@elyanae9588
Nonsense
Peter always comes across as. " I can't even be bothered to look at you"
I like it when he looks disgusted the second they walk in, like their mere presence has offended him immediately.
He loves to stress that he's buying people, not businesses 🙄
JENNY: "I'll tell you where I am. I'm in the bar of Heathrow Marriott tipping a full bowl of olives in my handbag."
Jenny: "... and as soon as the staff sees me and asks me to leave, I'm out."
Hahahahahahahahaha ! 😀
I just guffawed at this
😂😂😂😂
Brilliant lol
That was one of the smoothest, most eloquent and polite ways to turn down an offer. And under all that pressure.
Sarah was the most polite and agreeable dragon ever. Even when an idea was sh#te she never sneered or belittled people. Such a nice lady.
You're right.
And she is extremely fit - gorgeous!
She's also Jenny lite, but people overlook that cause she's slightly attractive.
@@jgame7587 Whats "Jenny lite"?
@@rossi6113 More often than not she finds a way to say she's out. Not on industrial level as Jenny, but definitely has a routine to get out
Oh dear, if only Touker had mentioned his London offi...
I REALLY wanna see Toukers London offices..
Offi.. What? Officer? Official? Officiant? I can't for the life of me guess what you're referring to
@@VaultGirl- It's a running joke because Touker mentions mentions his London office space on a few occasions in the Den.
@@carlhartwell7978 I'm absolutely aware of that and I was trying to make a silly joke 😊
London office that's shared with bikesoup
We literally had watches like this in Australia in the 90's,they gave them away with certain fast food meals,it was a huge craze
I was thinking these look familiar
@@Mohonnova i still got mine from chicken treat 😂
Yeh I remember these mate. Good ole fast food chains
@@da3v1ls93 lol yeh and basketball cards
Gave them away, that says it all.
Peter questions the entrepreneur’s commitment as he owns 2 businesses.
Says Peter with 500000 businesses....
You have a valid point. Although in the early stages of a business its needs the full attention of the owner. Unless you are Peter Jones who can afford to pay someone to run his business
Peter also has 1000s of staff running his businesses. I assume this guy doesn’t. I also assume peter was in this exact position when he bought his second business. Your point is exactly? Haha
@@BobbyTMF He said he structured his staff and other business so he is able to focus on this business. Your point is exactly? Haha
@@sulzam2814 ::::mic drop::::
No I have always thought this. Agreed. He shunts them for being serial entrepreneurs but also have seen him get put off by entrepreneurs that have invested their whole lives into something.
“I want to get the product trending” Mate you’ve missed the mark with this. This was a thing in the late 90s early 2000s
@@WherEmEweeD unlikely
Remember it in the early 90s
I'm like, "A slap bracelet? Are those back? Ew."
Swatch anyone ‘cough knockoff’
Fidget spinners were around in the 90's.. then look what happened
This guy was good, very professional. A good line up of dragons too. Nice when they decline an investment as politely as Sarah does in this one.
Bless him, what a genuine guy. So many people enter the den thinking they know better than the dragons. He was humble and put his cards on the table. The guy just needed a leg up. I hope he's done well for himself and his family 👪
So basically, it's a Slap Bracelet from the 1990's, with a watch on it.
Yeah Swatch
So basically, you are a couch potato that has done less than him and you don't (as yet) have a dragon on board, right?.
@chris brady These words carry no weight being that they came from, well that's been explained already. O integrity, 0 decency 0 credibility. You need lots of hand holding, that is your ration.
i mean he sold the business for 25 million so 🤷♂️
“you dont know where you want to be” “you’re like, anywhere where this might sell”
Am i missing something or is this the point of a business? lol
Yes and she gives him a magic wand too. So, idk what answer she's expecting.
Well, to some degree, giving this type of product an identity and a niche will probably help strengthen it, not weaken it. Which means that if you're everywhere, everyone knows who you are, but no one wants you, because you're too "mainstream". Instead of being niche to a smaller community where people will use this product to stand out.
She's talking about having the right venue to sell it.. i.e that targets the right audience. Smart business isn't about being everywhere, it's about being everywhere your customer is at. Otherwise, you'll just have unsold stock
Yes you are missing everything. Marketing 101. Know your audience
Marketing, You have to pay to be in certain market, if you got into everywhere and doesn sell but 1 place, you prolly gonna lost more money than nomatter how much you sell
Wonderful when the pitcher thanks the dragons individually for their offers.
What a gentleman! He came across to me as a grounded humble Man. Regards.
this guy has the right attitude
And for that reason, I'm out!
This was one of the most sensible-thinking people to come into the den. Of course, 55% and a dragon will end up paying more than 100% on one's own.
Am I living in a bizzaro world?? Slappy watches?? I remember these things from when I was a kid like 30 years ago... I can't believe he got 2 offers! Good for him!
I was really confused by the offers. Toukar's did not seem like a serious offer at all but then Nick swooped in and made a real offer. For those slappy watches. Whaaaat.
I would be shocked and surprised if Swatch didn't do this already
I think they did. Hell, I made mine in eighth grade just for fun
W W Yes! They were actually banned in my country because as the edges wore down they got sharp and caused lacerations.
You would be shocked at anything you mug
They did and they do
Jenny watching from home: “I would of been out ages ago”
Why do they always think someone can’t have more than 1 job when the dragons have about 50 companies each ?
Because they are putting their money in.
They have the money to afford teams to run it . But if they have to invest their money they must be sure that the person they investing in is willing to work towards development. Its quite a-lot of money they are asking and i do-not think the dragons have time to start running his business for him .
lol indeed
I can imagine this actually being big for kids, they’d enjoy that sorta thing especially if he can license with football teams, wonder how he’s done
They did, in 1997
I had one of these in late 80's, early 90s.
The face was removable and it could be attached to clothing.
Yeah, it was called a pop swatch
Still got mine!
This guy 100% deserved the investment - the kind of people you know you can work with and very humble and straight forward well done
He should have made a counteroffer 🤦🏻♀️
the Ball was in Touker's court - if he did not leap in with a much better offer - there was nowhere else to go..
Yeah Touker wanted it, maybe he could have got a better offer with him in the end. Nick is cool though
So easy from the depths of your sofa to judge others and say what they should have done...what have you done that eclipses his work?.
@@HIOP0 did you really *comment* that?! 😂🤣😂 🤷🏻♀️🤦🏻♀️🤷🏻♀️
February 2016-I am in this business for the long haul, in five years I will see where we are. January 2017-puts it up for sale, sells it in June 2017.
Did he make a profit on the sale?
@@hawsrulebegin7768 +
Hawsrule Begin
Lol just a bit. The deal in the den meant the company was valued at round £110k. The net worth of the company around time of sale was around £90m
That clock stuck at 1:50 is starting to bug me now after all these years .
Go get a life
Rulers an bracelets exactly like the watch concept have been around HERE in the U.S. for at least 30 years. I still have a ruler like this.
Alarm bells ring when he says he never failed at anything. He's ten steps behind those who have failed because the road to success is paved with failure.
You're saying you'd turn down working with somebody with a record of successes because they've not failed and learned certain lessons from doing so?
This guy sold to another businessman in 2017 (this aired 2016). So much for dedicating everything to it! Company still going in 2021.
Dissolved now. Interesting that both he and Nick sold the company just a year after Nick invested
Damn 45% seems like a hefty chunk but then again, owning 55% of something big is better than owning 55% of something that isn't so big. Good move!
You mean than 100% of something not so big ?
I thought he would have tried to get both for 22.5 each.
That was a fair offer for a business that never has done more than 60 000 in sales.
@@SinkyYT He only needed one & he chose wisely for what he needed to get most of his money back & flog it off to another sucker.
I was going to comment this, but wasn't sure if the request to capitalise his business was anything to do with that hefty chunk. If not he should have negotiated 5-10 percent
I'm sure we had something similar in the 90's
Swatches?
@@Hi-kq1vi a slap bracelet called a 'slap wrap'
Pop swatch
Things can come back "in" though. Maybe he's trying for that.
He mentioned Claire’s, he mentioned Selfridges. It’s like being in Harrods and Primark at the same time. Just don’t make sense🤷🏽♀️
No no no my friend you weren't listening properly lol
He said he was in Claire's (or in talks with claire's) then Sarah asked him.."with a magic wand where would you be,in an ideal world what shops )
He then answered 'Selfridge's 'and some other stores but he didn't say Claire's, so that's where he would be if he could chose anywhere,so he wouldn't be putting it in Claire's BUT
that's with a magic wand ,the REALITY is he is talking to Claire's es he obviously needs to sell it
I can imagine this to have become a good and fair business relationship between Nick & him.
I had one of these (not sure if this brand though) about 7-10 years ago as a teenager. I could see that being a market, everyone at my school went crazy for it and always wanted to see it in action or try it on themselves. Would be perfect for somewhere like Claire's accessories, though I'm not sure anyone still shops there?
Update: Company was dissolved feb 2020
Were they not swatch watches
Lunchtime entertainment!
Resigned as director June 2017, company appears to have been dissolved February this year. Sad to see
They sold the company for $25 millions to a Chanel Islands entrepreneur, you can see the article in Watch Pro, the did very very well
I saw something like these, back then, but I don't think they were this brand, (unless they stopped selling them in the plastic circular case). I thought they were uncomfortable to wear, & it was a pain to put the watch face back in & make it sit properly after changing the battery.
Seems very familiar, 1980s perhaps? I seem to recall them feeling plastic and kinda blocky on the wrist, but maybe these are softer and more pliable. They might be attractive to the bright purple sunglasses/blue hair brigade...
I think you're right that there were different types, I remember a shiny thin plastic type & one with a soft rubbery type of material. These videos are from around 2014 - 2016, I think, & it's possible that was the second time they came out as a product, so it probably did come out some years before that.
You can hear how knackered he is bless him ❤️👍
He seems like a nice guy but his negotiation skills were poor! Went in too high at 25% and didn’t negotiate when they offered 45%
I swear this was already a thing before this was filmed
What happened to your nose Charlotte? You're turning into a Poodle
Yes in asia its everywhere a long time ago. Its like a trendy fashion but right now its dead
No waaay 😂 I actually just got a Jenny Campbell advert before this.
I get no adverts on YT, because I have them blocked, as they annoy me.......a lot, as it is for crap I don't want or need....:)
@@Trillock-hy1cf oooo sorry you're hard
@@Trillock-hy1cf Cool
@@siren5742
I know, and I love it.........no damned adverts for me......:)
I have 3 of these in my drawer. The slap function was great, but the watch was iffy. 🤷🏾♀️
I would have countered Tucker's offer by explaining that if I invest over a 100k and he invests $50k that it buys me 70% of the business and him 30%.
What a sensible and polite man. Appreciative, well mannered and his outlook for the future investment well balanced! Nick is a great Dragon too. I hope it does well. They're both gentlemen! 👌👍🌈
So Slappie has now been bought by another businessman, it's in House of Fraser and other big stores, this chap sold it because he couldn't find the time to run it 😂
well it was a success, both he an Jenkins got their money back and sold the business back in 2016 for a healthy profit
@@personalpc7439 clearly
He comes across as a narcissist who gets tired of his new toys quickly-never failed at anything, well this didn't really succeed as such-he almost got his money back & Nick did make something on it-it was put up for sale less than a year after Nick invested. Now the guy they have sold it to seems to have made it a modest success for a few years-company was dissolved in February.
well it's his loss... he'll never get an office in london now
The titles ruin the videos for me. Because I have a perception before watching it.
I just completely ignore them and it’s a much better experience.
See what scares me a little is that you want to sell this in more than one store !
- Sarah Wimbleton
Some of the stuff these business people say is beyond me, wouldn’t you want your products in every place possible ?
Off the top of my head, I can think of a couple of scenarios - you wouldn't want to sell high-end products in low-end shops as it'll give the impression the product is low-end and destroy the premium you've built with the brand. Also, if it doesn't sell in one place as it doesn't suit the target market, then it'll look like nobody wants the product and it's a dud, which can harm your reputation in the overall market and will mean other places won't stock your product. I'm sure there are other reasons too.
That's why the dragons are multi millionaires and you are not
@@Casey-Jones how do u know that they are not a millionaire ?
Why do you guys even read the title? When I see the golden Dragons Den logo I just click the video without even looking.
I've got a hi-vis bicycle clip that works on this principle
Very fancy! 🚲👍🏻
Isn't this a SUPER old product? I remember these when I was literally in elementary.
it is. Though most didn't have a watch, just the band.
Swatch Flik Flak
Touker essentially offered for David to pay him £57k to take 45% of his business
Lol Indeed. Quite a scoundrel.
7:23 in in in in in in....
😂😂😂😂😂
I was using slap on wrist bands about 20 years ago lol
Like how about costs. Did I miss it or did they ask about how much they sell for and how much he buys them for? I have serious doubts about them knowing nothing about the product before the show.
Peter Jones' facial expressions is more about what socks he's wearing tomorrow as the next pitch comes in.
Always in it for the money 😊
Touka was like "I didn't realize you were going to make an offer..." 😆
He was so upset ha
He says he's never failed at anything & I call bullshit. Everyone has failed at something. You cannot have success without failure.
To overcome nerves for these guys pitching there ideas,give your plonker a pull just before the pitch,it will settle the nerves,i have been pulling my plonker for years before giving a work presentation.
Regards
Is that actually in in in in in in in the company
Ha Touker was so upset, can see by how he looks away after the deal, then gets whiny at Nick. Serves him right though for that parasitical offer.
He must've done so well because those are in every toy shop
Why didn’t they ask how much they sell for? Where are they made? What’s the landing cost into the Uk?
Slappie! Named after my head
management consultant meets business reality
Lively bloke. Wish more were like him.
I've got one in Australia. from memory it was from the dollar shop.
Never thought I'd say this, but those Dragons definitely need a Slapp. ;-)
Dragons den: Jenny would you like to come to the den today?
Jenny: I can’t. I’m out..
Well, that was a slap' dunk done deal!!! lol
I hate when they don't counter offer. Do they not watch the show?
Everyone in south Africa had these as a kid
I remember those, those are slap bracelets, they were outlawed in the 90's for slitting kid's wrist
The narator's pun game is just off the chart :D
I use to have something similar around 8 years ago
Touker looked so upset haha
He really did
He was a chancer looking to make a few quid. No commitment at all. Sold the business a year later after this to a guy in the Channel Islands.
He failed at convincing sarah and debrah when he said " I never failed anything" so...
I had one of those when I was younger.. so nothing new
Should have gone Touker. I like the product. How did it get on??
well it was a success, both he an Jenkins got their money back and sold the business back in 2016 for a healthy profit
@@personalpc7439 Sold it in 2016!? That could have only been a year or two after this episode was recorded! So much for "not being in it for the short-term".
They're the same at Swatch watches which fizzled out in the 80s.
Check your facts...Swatches are everywhere and have a massive range. Parent company Swatch Group own most of the big hi end brands.
Nick did him a fair deal, especially over the debt
This reminds me of the fluorescent snap on wrist bands that kids are issued with in the winter months in schools.
He could have asked for lesser percentag in the beginning
he only owes himself money, no one else....
I would create a big gumball machine and get them into tourist sites.
Sarah gets off lightly on comparison to Jenny because she smiles more. She never invests either
7:23 Nick made it quite clear he was............
Peters point on the guy being impulsive is complete bullshit,I would say the opportunity he seen was a fair risk,PJ is talking out of his ass.
Wrap around watches?????
Remember these in 1991
🤨🤔
8:32 "I have never failed in my life" biggest red flag ever
Good bloke.
I hope this worked out.
Wow, last time I was this early to a Dragons Den clip, Rachel Elnaugh was still a millionaire!
Heard it a million times
Is she not rich anymore ??
Even Jenny has more money than her. Rachel Elnaugh eats out of bins now.
@@theplugdior5662 she failed for bankruptcy
@@ivaylorusinov655 do you mean that she applied to become bankrupt, but was refused?
Does anyone with an option ever accept one of Touker's offers?
shoudlve gone with Touker. hes more business smart than Nick, Nick got 120M paid to him for selling a company where as Touker built many companies and got richer than Nick
The old small bit of something rather than the large bit of nothing
I feel like Touker was testing David's commitment to the company by asking him to capitalise the debt