Entrepreneurs Attempt To Hide Shareholder’s Identity | Dragons’ Den
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- Опубликовано: 16 ноя 2024
- Steve Pearce and Sam Coley pitch their tech start-up and you may assume that they are towards the beginning of their business journey. However, that would be remiss when it comes to TickX. They're seeking an investment of £75,000 in return for a 5% equity stake, but who is this controlling shareholder?
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 #TickX #Confidentialities
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Lol, Peter was having none of it. "I've no problem with Ministry of Sound". LMAO
Savage.
Technically it was Peter who revealed them on tv, not these guys so they’re good.
If the reveal was a problem for them then they would have asked the BBC to cut it from the broadcast.
@@alanw4589 If the reveal wasn't a problem for them they'd have divulged the information in the first place. Regardless of "who said it", the agreement is with these guys and they handed over the paperwork. They did say "the CEO likes to control his own press", and by handing over that document it's out of his and their control.
Peter gives zero f*cks lol
The Dragons are correct when asking them for money everything must be known to them.
@@alanw4589 actually they had already signed the broadcasting contract so it would have been tough titties.
I laughed so hard when peter said “I have no problem with the ministry of sound” 😂😂😂😂😂😂😂
He was having none of that nonsense lol
Hahahahaha
Peter revealing the name after reading the agreement… 😄😄😄👌
thats such a dick move 🤣🤣
Good on him, the kids were being amateurs
@@mostlikely... yea they were being too "high profile"
@@murtaza-6 no it was fine. The shareholders trying to prevent their own name being disclosed was the real dick move. Peter got one up on MoS. Nobody can intimidate the dragons in their own den.
@@joseki6644 a dick move yet quite savage 😌🤌🏻
Lol Peter woke up and chose violence
Peter always does 🤣
Peter The Destroyer.
💀💀💀
Peter loves to be aggressive
dragons den out here memeing
I loved it when Peter announced the shareholder lol. The CEO of Ministry Of Sound can do one.
Ye especially the way these guys were smiling at the end defo weren’t serious about a investment. Only free advertising
@@fsu3941 they can't announce it, Peter did them a favour
@@fsu3941 That "smile" to me read more as an I can't believe you just did that. And you can see the nervousness in their demeanor. I smile\laugh when I'm nervous or uncomfortable. It's some people's natural defence mechanism.
Staged
Staged is awesome 😎
"I have no problem with the Ministry of sound"
This is why Peter is my favourite dragon 😂
He’s so annoying
I thought it was a joke, like "ministry of truth".
Yeah not sure he was being serious there...
@@Shivian124 it's Peter. He would have been
The way Peter revealed their secret what a savage😂😂
He said ‘it’s ridiculous’ referring to not revealing names.. saying to the guys that they agreed to everything being revealed on air. I take it that DD is his production.
Not really. You clearly don't understand how contracts/NDAs work
Nick was such a great dragon.
why?
I love his little beard
@@jonnybirchyboy1560 and that is just the one on his balls !
Agreed, he's probably my favourite Dragon, besides Duncan.
richard farleigh easily the best ! wanted to invest in every project, was thinking " what is good in this product ?" and not " what is bad ?" like all other dragons,
and at same time was realistic and kind with people. Really a great guy
What a Huge mistakes , could you imagine what Touka's office space in London could of done for this business, it would of been revolutionary.
Such a lame joke
Have
@@royfr8136 takes a special kind of loser to correct Grammer on RUclips videos.
@@BAGofTALENT I assume you misspelled grammar on purpose but I still think this was hilarious.
@@BAGofTALENT It takes a special kind of loser to make such a grammatical mistake.
If only Toucker had offered them some Dagenham office space.
Is that where they are in Dagenham? bwahahaha I wouldn't be shouting about having offices in the ass end of Dagenham that's for sure 😂 I always thought by the way he banged on about them that they was in the west end or the city lol
I got a hound and a pig so I collectively named them Dagenham
@@richierich4810 well I'd rather have offices in Dagenham with his assts and income, than offices in the Square Mile and be £10m in debt.
@@troo_story You gotta think big my friend ;)
😂😂😂😂😂
peter really came through for the audience wanting to know hahah
Peter is such a good salesman he got Nick into the deal with one sentence
Two guys:We can't reveal who on air:
Peter: Oh, Ministry of Sound they are okay
Jenny: It’s more profitable to buy the tickets and sell them on. So for that reason, I’m tout.
Peter telling the room it was ministry of sound was a power move to show how powerful in business he really is, bravo!
How does it show "power"? There's no law against revealing that information - even the set cleaner could have read out the name on camera without consequence.
To me it simply shows disrespect.
@@callum9999 I appreciate your opinion.
What a weird comment...how does that show power? 😅 Peter can say what he wants. All he did was make life more difficult for the two young lads.
@@devanman7920 62 people understood but you and the numpty above don’t.
Your mother autor have aborted you
Can't believe we made it nearly 12 mins into the video without Touker speaking
That’s just how they edited it.
3 minutes in and he's speaking
This is one of those businesses that come in to the Den solely for free marketing. These guys just wanted their name out there.
That's my guess as well
I hate those type when there’s somebody who could really need the opportunity smh
Actually according to the story, they were featured in a news article and the producers of Dragons Den invited them, two weeks later there they were without need of applying. Knowing that and thinking back to what I just watched, it makes more sense given they never tried to get on the show, hence they were never going to be faced with revealing stakeholders.
WRONG. The fact the the MoS was revealed was a massive embarrassment to them and hence why the product failed.
Hmm..does it really work though? I've forgotten their name already. They should have taken the deal.
It's a shame they would have converted Touker's offices to Ministry of Sound nightclub for free.
I love how Peter played by the rules but exploited a loophole. Shareholder doesn’t want his name said? Fine. I won’t say it, but the company is blank. That’s the vibe I got. His devilish smile directly after was too funny!
I couldn't form and market a business myself but those two seemed like they'd got ambitious after their gap year.
7:27 Peter Jones “Sue-me” face🤣🤣🤣
The only reason Peter wanted to see the shareholder contract was so he could trot out his "you've already given 15% for 75K so why not give us 10%?" as if he's unaware that the value of a company increases as the company grows..
not necessarily, many companies fold too!
Sometimes yes and sometimes no. It depends...
@@Albimar17 exactly
I like how you say this even though you're unaware if the company has grown since that investment because you dont have any of the information that was on that paper.
The way Peter exposed the name of the company was jokessssss
Kindly add the date when the episode aired in the description
Touker, the only dragon left: I'm not willing to drop my percentage and for that reason I'm out.
Entrepreneurs: (BIG SIGH) THANK YOU!!!
Damn they tried to reduce the equity and all 3 dragons just declare themselves out. That’s tough
The dragons realised these guys were not there for investment. They just came on the show to promote their website. The fact that they could not move at all on the percentage proves that.
@@makatelli Well as they said they have 3 shareholders with one having already 15%+20% they were asking + the other two is basically somewhere around 60% of their company and there are two of them so there's also that. And they wanted to buy more than the initial invester for the same price XD
Peter is such a savage the way he revealed the name 😂😂😂
Nope....just running his voice box. Nothing new.
I really don't get why those guys didn't even try to make a counter-offer to at least tempt the dragons. Should have offered 7,5% each to Peter & Nick with a clawback of 2,5 when their investment is repaid.
Because they couldn't.
@@troo_story why couldn't they? Maybe they did not want to, but nowhere did I hear anything that made this impossible
@@msc8090 They would have agreed the limits of what they can offer with their existing shareholders in advance.
@@thomasdalton1508 of course they would, but they must have known that there has to be some room for negotiations. They behaved like they just came for the free advertisement, not like they wanted a deal
@@msc8090 A lot of people seem to turn up the den with very little room to negotiate. It's foolish (unless they are just looking for free publicity), but happens a lot. Perhaps they couldn't go beyond 7.5% or something and they knew no dragon would never halve their bid.
For the one's who's wondering. They have now raised 3.9 million since they started the company. And yeah, I'm eating pasta today.
Not in the age of Corona they're not 😂
@@WobblesandBean Well this was obviously before corona. the seed round was 2017-2018 i believe 😄
Yes whilst making huge losses and apparently changing their whole approach from a search engine for events to selling booking solutions directly to companies.
@@benniObenni 2016
@Scrub Dog ye, or mojo concerts in the Netherlands, they organise 90% of concerts etc. You just don't beat that
As soon as Big Pete said ""I've got no problem with Ministry of Sound" I would've just said "oK Peter, fuhc the other dragons how much percentage do you want?"
Touker needs office space because he's given it all away
When the entrepreneur is asking for money and only a very small slice of the business in return, it can only mean that there are other major owners crowding in and there isn't much left to give up.
And that they're only there for the free advertising.
Would love it if they outed a dragon for that.
"We asked you to be confidential about our other shareholders, you didnt, i dont wanna work with people i cant trust, we dont want your investment, youre out"
This is basically the Harry and Paul sketch where Alan Sugar is pitching the Amstrad email-telephone to the dragons. He shouts your fired at each dragon before they can say they are out.
@Creatotron no, he told them HE needed to know. i'm sure they assumed, like any reasonable person would that they could give him the info w|o revealing it on air. that was clear.
I would have. That was Bs when he did that.
*dragon wipes tears with pile of money*
‘The other dragon we’re interested in is Sarah’.
I’ll bet you are.
I am more of a Rachel elnaugh man myself, but I understand the attraction
@@lukebignell7846 Have you seen her recently? She's clapped.
@@lukebignell7846 Rachel has a very seductive voice.
She has cracking knockers doesn't she
( ͡° ͜ʖ ͡°)
Here in Australia usually only 1 ticket provider is selling the tickets for a concert. Like I could only buy Pink tickets on Ticketmaster. They were the original and only provider for decades and are still #1
Better system
What about if you want to resell the tickets?
Tickettek?
@@footballoldboy4818 the gov control that
Pink hahaha
Touker "I don't usually invest"
Yes all you do is give terrible offers and rarely actually close an investment
You’re forgetting the office space that he offers too
"...I hope we don't regret it."
In other words, you already regret it.
The short guy looks like the guy from the show the Good Doctor lol
That's exactly what I thought!
I've never used comparison sites for anything.
Nothing beats researching and making your own informed decisions
comparison sites give you the first point of entry and do save time...that's about it. After that, indeed, do your research to decide.
No wonder Touker referred to Peter as the "Bulldozer" in a previous pitch! Because he rams through all the bullshit with a digger as sharp as a scalpel!
I think it's more akin to him ramming through all the bullshit with a scalpel as blunt as a bulldozer.
Company update: so life after the den was a struggle for the first year. Yet the company jumped immensely in terms of second year profits which came out at 17.9 million. The angel shareholders eventually released their equity directly back to the zoo keepers who then made a VAT receipt that was shipped to Cornwall. And I have no idea what I’m talking about
You got me 🤣
YSOB 😆
lol, I paused at angel shareholders like what...
Made monkeys our of people?
No worries Andy B. At least you admit you don't know what you are talking about, but what you have written is amusing.
Nick and Peter will come up with the same idea, rebrand it and take over the event industry.
Can the camera not be so obsessed with Deborah's nails.......
Well technically these guys didn't say who was the silent investor, peter did lol
*Darth Vader:* "I'm the biggest supervillain in the universe"
*Peter Jones:* "Hold my beer"
Peter was a savage for name dropping 😂😂😂😂😂
Company doesn’t seem to have taken off. Instagram hasn’t been updated since 2020.
I personally think it's kind of a trash idea, it'd take an extra 20 seconds to look for this info from across the other sites
It seems to be doing well.
It sounds like it's made clear to show participants prior to their appearance that all information about their offer/company structure is fair game for broadcast. I think Peter was trying to illustrate that point rather than simply explain it. Moreover, it's silly to ask someone to invest money in a company and not let them know who the other shareholders are. Think of it this way: five years ago you were involved in a deal with a company that you felt lied, cheated you and otherwise acted unethically. Today you invest $50k in a different company... only to find that the company you swore you'd never be involved with again... is also a substantial shareholder. Now you're in business with people you don't like or trust. Lastly, maybe the entrepreneurs had promised not to reveal that MOS was an investor. But Peter didn't. He's not bound by any promises they made.
The said they could tell the dragons the name. They just didn't want it said on-air. That mutes your entire comment.
This is my favorite line up of Dragons
Let's be honest.. The only "shopping for prices" is done at the resell level, which is illegal and the industry is trying to eliminate at all costs!
It's not illegal, and the industry isn't trying to eliminate reselling, quite the opposite in fact. They're actually complicit in it! Big companies like Ticketmaster own reselling sites like Ticket Exchange, and it's not uncommon for tickets to sell out in seconds on the main site, only for them to reappear on the sister 're-selling' site moments later for exorbitantly jacked up prices.
It's becoming more and more of a scandal recently, but not a lot has been done about it because Ticketmaster are so big and have so much clout in the industry.
There's a whole John Oliver segment on here about how shady it all is
@@BadgerOff32 You are wrong, more and more tickets are only valid with ID. no reselling possible. But I am not often at events.
Those two read a book that said make big expressive movements with your hands
"The other dragon we are interested in is Sarah..."
Me too, fellas. Me too. Though not for money in my case! 😍
She old bruh
Tomato soup, Tesco value range with a couple of croutons. What about you guys?
Tuna pasta with sweet corn for me mate, plus a protein shake for good measure. Happy lunchtime pal
I love that we're all on the same wave length lmao
I got a few chocolate digestives and a pear
Chicken dumpling soup.
Cereal, it’s breakfast here!
@@ethangodlieb enjoy Ethan 👍
We all knew Pete was gonna name drop! What a showman!
Imagine Peter jones buying Tesla stock 😂😂 “you sold these to the public years ago much cheaper”
That one kiddy looks like the actor from the good doctor lol
That is EXACTLY what he looks like 😂
This Peter guy was so brutal 😂😂
It wasn't brutal at all absolutely right. When you're in front of millionaire investors you should have nothing to hide.
@Awesome Metal Bands Official it shows how absolutely naive and unprofessional some of these people are. That's like going to a bank to get a business loan and when they ask about the business saying sorry I can't tell you. You don't approach potential investors and ask for money but refuse to give any information about your finances or other investors.
I love Peter :)
Peter did the right thing, if you want other people's money, don't expect to just be given in without knowing all the information first. Don't like it? Don't ask for money that you haven't earned.
@BT J grow up
@BT J not your buddy either....
@BT J and your clearly an attention seeker using other people as bait, grow up ey.....
This is just sad
Utter rubbish. Breaking someone else's confidentiality agreement just to make a point is not "the right thing to do" - it's pathetic and egotistical. There's a reason why it was Peter who broke it not Nick...
Touker should have snatched the deal at 10%
Those two guys were outright silly! They only offered 5% because they had already given away 15% to their mysterious partner. I guess they only wanted FREE national PR for their product!
Honestly though, if they DID just want free PR, then this is a pretty smart way of going about it. Maybe misleading and not in the spirit of the show, but if the media infrastructure is there then they'd be silly not to use it, tbh
@@alexharrison2743 Good point, but we all will still believe that they are dishonest by being on the show for a clever personal interest, hence, their product is in doubt. If they are clever in this, then they must be clever in other ways in order to deceive the public about, maybe, a cheap service/product being offered? Beware is always wise.
Yooo lunchtime gang!😋💜
Southern fried chicken pasta with sweetcorn in a yoghurt and herb dressing.
@@PortlandMan 😍😍
Hahaha this is mad, I thought it was just me, chicken and rice gang gang 😎👍
Working is for suckers!
🌭☕
Did Toucker run out of office space? That may have won the day!
Waitrose minestrone soup with a splash of encona extra hot pepper sauce. Happy days. What are you having for lunch?
Nice
Peter never said he would not say it. And he was not obliged to withhold that info.
Still a dick move
11:20 Nick and Peter looking so thirsty for a slice of this duo's business right here lol
The business is at a stage where it is very replicated.
That was kind of a shi#*y thing for Peter to do....
It was absolutely brilliant
I loved it, they can't come in and expect to not having to share all the information
Thinking you can conceal your company’s share structure from people you’re trying to get investment from is incredibly naive. Comments to the contrary shows a basic ignorance on how negotiations in business work.
These are two, seperate issues. Absolutely, the Dragons can hold it against them that they don’t want to share the information. But that doesn’t give Peter the right to go and do that to them.
@@theovolz3073 Peter never promised MOS that he wouldn't reveal their investment. He's free to do what he likes and never said a word that wasn't true. Perhaps it bothered him that MOS was restricting these young guys and he wanted to stick it back to them.
Touker should have thrown in his offices down in the London Broil!! Or his offices near the English muffin estates!!
So much gets cut from the pitch, they could have cut this. The producers of the show are the savage ones
Why scold people for keeping confidentiality with business partners on a TV show when they're prepared to show you that information privately? Just an arrogant and petty power move, and one which would make me immediately not want work with you.
The den isn't about private discussions, it is a TV show. If you want to keep things confidential don't go on the show find another investor
If they did that it would lead to several rejected deals that already aired as approved, not to mention countless hours and money wasted post show. These two factors would lead to numerous lawsuits. This is cut throat business in the real world not fun time at the park with Grams. If you want to survive in business you best toughen up fast. That minor reveal is child's play compared to obstacles you'll deal with your first week in business. Your comment illustrates why 90% of businesses on average fail.
@@darthmcgee2216 calm down Gordon Gecko, business becomes cut throat because people constantly excuse thier own crappy behaviour.
Its not secret info, shareholders is public info on companies house, so them even asking to not say it just shows total business naivety.
@@texyrexy The real world in business is harsh. Sorry to break it to you. That's life and in the business world there are no participation trophies. It has always been this way and always will be this way. With your childish naieve mindset you would never make it in the business world. The show is called Dragon's Den not Granny's tea and biscuit hour.
They didn't actually want an offer, they just came onto the show for the free advertising.
Good for them
Two guys:We can't reveal who on air
Peter: Oh, Ministry of Sound they are okay
In bird culture, that's considered a dick move
Typical Peter.
75k for an app like that ?! That’s nothing even years ago when it was shown. Clearly developers working in their bedrooms at the weekend as a hobby with no testers and other specialists. Stay well away from software when it’s like that.
They look so different from each other but somehow both look like Freddie Highmore.
Why do we have to see Deborah fiddling with her nails on every episode of Dragon?
"Shots fired!" Lol my Man Peter, lol. Like a verbal version of CoD, lol. 😂😂😂😂
Peter was right to want to know who else are company shareholders, but stooped low in revealing their name on the show. He didn't need to do that, I would have lost interest in him as a dragon at that point.
Agreed. He shouldn’t have gone against their Will regardless of the situation or who he is
I do agree, but, company shareholdings are not confidential, they are public domain. You can go to Companies House and look up pretty much every corporation in the UK, see who are directors, who owns what, what other companies are they directors of, how much money that company makes, etc, etc.
I agree. Very juvenile.
@@Locutus private equity aint
@@CRGB-ec3vu Any limited or plc company in England is on Companies House's website, including ownership.
A clear example of not wanting a Dragon's investment but only the show publicity.
Fail
They were invited on the show apparently, which makes sense why they weren't bothered to negotiate lol
Peter just played them 😂
He really didn't
They can't reveal the investors on air, but then they willingly give the shareholder details to the dragons 😆
Wouldn't trust these chaps with basic data protection!
I mean it's publicly available information on Companies House....
It’s not data protection it’s publicly accessible
You don't know what you're talking about, mate 😂 I don't live in the UK, but even in my country anyone can find out who the shareholders are at the company I work for.
Could have asked touker to drop to 10% after the money was returned or even 12% greed will get you nowhere, plus not many concerts over the last 14 months not even a football match
14:21 He just remembered he's still on camera lol
“We’ve been in dialogue with Google” lmao
Ohhh Peter done them dirty
Don’t events just go with one ticket provider? Not been to an event where 5 different places are selling tix
Perhaps it's handy for secondary markets like StubHub and the like. You know: the scalpers ;-).
Well they didn't technically breach their agreement so they should be fine. lol though.
Imagine toukers face if someone comes in asking straight for office space
Then at the end peter announces 75k for 15 % 😂😂
At the start I was just laughing at the hand displaying techniques. They look like they have just watched a video on how to express with hands during presenting. It was so stiff and unnatural, especially the taller guy. I saw the visible gulp by the taller of the two when Peter disclosed Ministry of Sound. They are thinking oh no we are in trouble now. If one wants to be discreet then one really should not go on a tv program :) Those two looked so young and the expressions on both of their faces at moments, they have not learned yet to play it cool. It was quite sweet :)
These guys gave away too much of the pie at an early stage I am guessing and therefore didn't want to offer the dragons the same rates. A bit naive I think to expect the dragons with their expertise and contacts to do them a favour and go for less.
Dragons are such hypocrites sometimes.
"How do I know I can trust you?"... "It's worrying that you won't break the trust of your other investors and tell us who they are"
I like how the dragons are respectful once handed the papers "Ah, okay. I got it."
100% would of rejected Peters offer based on that cheap move and told him why. Big sign of whats to come in a partnership
*Peter's
*what's
Both these lads were younger than I am now yet look twice my age.
Touker thinking at the starting of pitch shall I offer them my office space
It's most likely Lohan Prensencer or James Palumbo who they mentioned had them wrapped around their fingers, who are involved with the Ministry of Sound.
@@thomasoneil9338 Quite 🤣
Minstiry of Sound - i was expecting Sony or something!
O that was funny peter letting it out their faces
Touker Ahh only when Peter shows an interest in things then he does as well...I just know when Touker will invest...😂
I brake out laughing every time someone comes in and refuses to reveal information pertinent to any business deal. Yeah! I’ll invest. You can keep THAT secret to yourselves!
RUclips adverts - getting longer in duration😬
These adverts are a pain. Anybody any ideas how to get rid??
@@Nixter1974007 pay to use youtube 🤣🤣🤣
@@alexdouglas7868 no thanks. Google are rip off merchants.
@@Nixter1974007 yup I agree …. the adverts are getting longer to force you into almost “needing to pay” to remove yourself from disruptive advertising interruptions - which make you crazy lol
@@alexdouglas7868 yep agree totally