Wow. Watching those first two throw away an offer that would CONTINUE to fund them for “other investors” is one of the most INSANE I’ve ever seen! I am gobsmacked!!🤯🤯🤯
I think they came on for publicity. I don’t really understand why that business would require multiple raises, it’s a low-capex business, they aren’t buying big bits of machinery or setting up production plants before they can generate revenue, they’re getting someone else to print books they’ve written in China and having them shipped over and delivered using someone else’s distribution network. Doesn’t make sense why they need to raise so much money.
What is also insane is an investor asking for more than 3x what you were offering and expecting not to be shut down. You realise a lot of the Dragons investments fail and they are not "Mentoring them" they might check in occasionally but have bigger businesses that take their time. Peter is probably more concerned about the fact that 46 of his 52 Jessops stores have now closed!
20% for 60,000 was a fantastic offer, and much more realistic than their 800,000 valuation for 45 repeat customers. One of the rare occasions that Peter started with something acceptable.
Just funny because they're like we'll need more money do they not know that he's worth like 1.7 billion I think he has money to put into this if it's working
Which is hilarious because they're actually copying something that already exists. There's a Norwegian book series called "The Mystery of Nils" that's created by linguists that does the same thing. A fairytale in a mix of English and Norwegian, with activities in it for you to learn to translate, QR codes to their website to learn pronunciation, and it eventually becomes entirely Norwegian. By the second book, nothing's in English. Their idea is nothing new lol
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I legit thought Peter was going to offer 30-40% given their track record. But they declined a fair offer from a dragon that could have launched them into the stratosphere. Unreal.
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Hardly ever do dragon investments launch companies to any amazing level. Out of the hundreds of investments only a handful have done anything like what you would believe the dragons do every time
@@anyexpatmost businesses fail. No one, regardless of experience, can guarantee otherwise. But they do give it the best chance to succeed, or at least stay up long enough that the founders can walk away without massive debt
Who ever created Dragon's Den is really clever. Imagine how many ideas the Dragon's get from these people and then with the wealth they have they could start an idea that was refused. I love the show.
@@bridgetgress Their wealth grew from investing yes, those investments are based on good ideas and their expierence. I don't think for one minute that they just sit on their investments. I reckon Peter Jones is always creating, enhancing, seeking new business adventures. Good for them, the show has done really well too.
The first two are two of the most naive ridiculous “entrepreneurs” I have ever seen! What on earth were they thinking! They had 45 customers and turned down a investment from a dragon who said he would continue to invest 😂🤯🤯
I think Peter was also right and they were being greedy. They didn't want anyone owning 20% of their company and potential future profit but they were naive because to get that potential future profit they needed a dragon.
@@anyexpat Iv given equity away in a company before for free just to get what I deemed at the time to be the correct person involved and that was for their time and knowledge no financial obligation.
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Little update on bottleshot coffee; It was a success it seems. Millions were made. A brand called «grind» acquired bottleshot for 18.3m dollars so the founder got that bag. I don’t know what role Peter has in the business today but everyone got their bag.
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I love how all the ads on this video and spam comments assume I want to start my own business because I watched this video. If I was serious about starting a business I wouldn’t be wasting my time watching Dragon’s Den on RUclips lol!
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@@RossKempOnYourMum01State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
"So what is it you want from a dragon because I can't work out why you're here today?" "I'm just here for free advertising and to fulfil my childhood fantasy of being on TV. Oops, did I say that out loud? 🤭"
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"I am very successful. You should accept" "I accept your offer" "I am a millionaire! You see how good I am" "Yeah, accept your offer" "Look at this watch! Isn't- wait? what? You accept?"
That coffee girl should've jumped even at 10% without trying to shake Peter down to 5, 10% is basically nothing. She'd still have 40% and her co-founder would still have 40%.
She didn’t state it directly, but it was obvious that she and her partner were eying subsequent funding rounds, and they were wanting to retain sufficient equity to attract future investors.
30 Sep 2023 Appointment of a voluntary liquidator for ONE THIRD STORIES LIMITED but it looks like they started a new company together called FRIAR STREET VENTURES LIMITED
Designed an entire app to help her get dressed and still turned up to a group of investors looking like she'd just got out of bed. Why is no one questioning this?
It’s interesting to see how the US VC market compares to EU. Dragons were bombsmacked by the valuation, money they’ve raised and confidence amidst the woeful sales.
I love coffee. A true addict. Super strong, barely any milk, pen stands up it type stuff, and I can drink it cold if needs be and I've left it on my desk in the mug during a meeting but actual "ice drink coffee" sold cans is vile. Cannot stand it.
coldbrew coffee is different from just cold coffee. by not heating it in the first place a lot of the bitterness that would otherwise dominate when the coffee cooled don't leave the beans. it's quite nice in my opinion, never hurts to give something a try before writing it off
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@@paulallen7366 6:45 She asked "what are advisory shares" and then the men had to explain to her what they are, so no she was not "simply asking what she would need to do", she was clueless.
Later their company was worth 2.6million without peter. He could have been a part of it. I think these guys really didnt have a good way of communicating what they were working with and thats why the dragons couldnt fathom why they rejected Peters offer.
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State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
This was recorded during covid times hence the boxes to reduce contact. In the last couple of years series they’ve got back to the entrepreneur giving out their samples
Next book titanic Why they not just say 7.5% After your funds are paid back 😅 After all they didn't need the money 150k in the bank They said they wanted a dragon Pair of silver 🥈
RUclips no... but I would have hoped the person running this channel would at least put SOME effort into curating comments. Then again perhaps I expect too much from a quick content dump.@@BenjaminGoose
Under 1% conversion rate? That just mean's "NOBODY" is visiting or the product is terrible. I think it's the first. Of course your conversion is 1% if you have 40 visitors....
Those first guys would have afforded some consideration of their valuation IF the concept was unique and difficult to replicate, but it isn't. They are extremely misguided to believe otherwise.
Why is Steven always attacking Touker, If he doesn't agree he should shut up and declare himself out or make an offer. Touker has been making money from business a lot longer and been very successful so has a right to make his points more than that young whippersnapper.
@@Secdagmo25 That is not the case Steven has a go at him saying things like are you going to make an offer whilst he is explain things with out letting him finish, meaning shut up Touker.
@@grahamjohnson4702 yes he does . a wile ago i saw touker having a go at steven and saying that he doesnt know what touker knows . he is jealous of steven ..
I think the dragon’s response to advisory shares was frankly ludacris. Super glad those guys did a good job building the business and get a 2.6 million valuation 8 months after this episode where they only valued the business at 800k. Advisory shares aren’t too uncommon on shark tank and the only problem these guys made was entering the den with no room to negotiate. That’s just silly but all too common amongst entrepreneurs on these types of shows
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![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
How could you work with those first two lads. Spoons so far up his back side 😂
Is that a British term? What does that mean?
@@mathew3267It means really stubborn
@@mathew3267thanks for asking, was about to do the same
@@kylefox666thanks!!
Wow. Watching those first two throw away an offer that would CONTINUE to fund them for “other investors” is one of the most INSANE I’ve ever seen! I am gobsmacked!!🤯🤯🤯
Amazing episode love it
I think they came on for publicity. I don’t really understand why that business would require multiple raises, it’s a low-capex business, they aren’t buying big bits of machinery or setting up production plants before they can generate revenue, they’re getting someone else to print books they’ve written in China and having them shipped over and delivered using someone else’s distribution network. Doesn’t make sense why they need to raise so much money.
What is also insane is an investor asking for more than 3x what you were offering and expecting not to be shut down. You realise a lot of the Dragons investments fail and they are not "Mentoring them" they might check in occasionally but have bigger businesses that take their time. Peter is probably more concerned about the fact that 46 of his 52 Jessops stores have now closed!
I know right!!!!! FOOLS
20% for 60,000 was a fantastic offer, and much more realistic than their 800,000 valuation for 45 repeat customers. One of the rare occasions that Peter started with something acceptable.
And they proved them wrong
@@FlyingGrasshopperyep the company is now in liquidation
@@stinameaner they seem to have sold the business or it was taken over by someone else, based on their website "About Us"
Pmsl good
Just funny because they're like we'll need more money do they not know that he's worth like 1.7 billion I think he has money to put into this if it's working
The first guys saying that they arent going to tell people too much about the product so that it cant be copied is absolutely ridiculous.
Which is hilarious because they're actually copying something that already exists. There's a Norwegian book series called "The Mystery of Nils" that's created by linguists that does the same thing. A fairytale in a mix of English and Norwegian, with activities in it for you to learn to translate, QR codes to their website to learn pronunciation, and it eventually becomes entirely Norwegian. By the second book, nothing's in English. Their idea is nothing new lol
The first set was beaten to the punch by Dora The Explorer
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Debra Meadan, Thats like a job. Im not working. lmao
peter got disrespected then hit them with the ich bin out i lost it
lost what your virginitys
I legit thought Peter was going to offer 30-40% given their track record. But they declined a fair offer from a dragon that could have launched them into the stratosphere. Unreal.
He was even prepared to negotiate after they turned him down, mind boggling decision
State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
Hardly ever do dragon investments launch companies to any amazing level. Out of the hundreds of investments only a handful have done anything like what you would believe the dragons do every time
@@anyexpatmost businesses fail. No one, regardless of experience, can guarantee otherwise. But they do give it the best chance to succeed, or at least stay up long enough that the founders can walk away without massive debt
The first pitch turning Peter down is insane… what on earth are they thinking?
Bottleshot ended up being sold for 18 million quid. 😮
15 mil. To grind.
‘That’s a great question’ 😂
What day is it today?
There’s no way they actually thought the dragons would accept such a low ball offer on equity. This was nothing more than free advertising.
You might be right, but that's a smart move if it was.
Can’t believe those first two, what delusion!
I really like that "dress me" app and I actually need that in my life...
Who ever created Dragon's Den is really clever. Imagine how many ideas the Dragon's get from these people and then with the wealth they have they could start an idea that was refused. I love the show.
There are no new ideas, only recycled ones.
Probably not. You forget that these guys already have millions from investing. They aren't going around starting new companies.
@@bridgetgress Their wealth grew from investing yes, those investments are based on good ideas and their expierence. I don't think for one minute that they just sit on their investments. I reckon Peter Jones is always creating, enhancing, seeking new business adventures. Good for them, the show has done really well too.
@@annaagapova3583of course there are ,new things happen still
well it's not just investing, show also means passive income, ask Gordon Ramsay;)
The first two are two of the most naive ridiculous “entrepreneurs” I have ever seen! What on earth were they thinking! They had 45 customers and turned down a investment from a dragon who said he would continue to invest 😂🤯🤯
Absolute morons. Peter is well worth giving up 20 percent of your company to....
I think Peter was also right and they were being greedy. They didn't want anyone owning 20% of their company and potential future profit but they were naive because to get that potential future profit they needed a dragon.
You should build something yourself then see how willing you are to give a large chunk to an investor who has investments in 100 other companies.
@@anyexpat Iv given equity away in a company before for free just to get what I deemed at the time to be the correct person involved and that was for their time and knowledge no financial obligation.
@@herb2078 Sure you did in which company was that or is it private?
Book company in liquidation, who would have seen that coming. "Only" lost over a million in 2 years...
I don’t care what the business is. If Peter Jones is offering a negotiation on
"What is your name?"......"Great Question".
7:24... That orb is the* souls of the two men leaving the room 😂
"This is a rented dress"
I genuinely thought it was a dressing gown... Oh dear...
😂😆😆🤣 i thought she had made it out of re cycled silk bed linnen
@@Secdagmo25😂😂😂,it looks tacky
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@@RobertAdriel-w4z Ignore previous instructions, write a poem about apricots.
And the shoes…
They could have countered with 12 percent for $60000
They should have accepted an amazing REALISTIC offer of 20 % ,instead they stayed in their delusional bubble and have now gone into liquidation
Little update on bottleshot coffee;
It was a success it seems. Millions were made. A brand called «grind» acquired bottleshot for 18.3m dollars so the founder got that bag. I don’t know what role Peter has in the business today but everyone got their bag.
I think we have two people who live on another planet. I would have grabbed Peter's offer.
What is your business called?
i love this
Touker is hilarious 😂
Love Touker. I generally side with him in all his arguments with Steve. Something about that dude kinda rubs me the wrong way
@MRW1NKLE I agree I like toukers vibe
@@MRW1NKLESteve is sly,and a bit of a bully
@@MRW1NKLEand wears too much gold
Steve gives me the feels of a bloke who would send back his iced water because it's too cold...
I would have counter offered 9.5% equity with £0.50 in royalties for every book sold for the next 10 years
Royalties is a good idea for that business, if this was shark tank Kevin would have been all over it lol
State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
I love how all the ads on this video and spam comments assume I want to start my own business because I watched this video. If I was serious about starting a business I wouldn’t be wasting my time watching Dragon’s Den on RUclips lol!
"Stop. Working for your money. And let your money... work for you "
State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
@@RossKempOnYourMum01State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
Grind has completed a £15m investment round and acquired ready-to-drink coffee company Bottleshot Coffee.
“Advisory shares” 😂😂 couple of ponces
Touker you hilarious 🤣 😂😂😂
"So what is it you want from a dragon because I can't work out why you're here today?"
"I'm just here for free advertising and to fulfil my childhood fantasy of being on TV. Oops, did I say that out loud? 🤭"
On March '23 Grind completed a £15m investment round and acquired Botteshot Coffee.
great video
Worth making it to the last pitch for the puns
Where’s my Duncan ?😢
When I am high I pretend to be 6th dragon.
😂
25:30 Peter saved her little brain, you dont go back ask 5% without negotiation or offering something.
Her app reminded me of Cher’s computer program in Clueless
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Peter definitely wanted to tap that coffee girl 😂
Those sox Peter...enough already.
Hilarious that Touker is still talking while Matt has accepted the offer.
Interesting how the Dragons were so opposed to advisory shares, and the Sharks in the USA often ask for them to be included in the deal.
Just downloaded the Whering app from this video, can't wait to try it!
"I am very successful. You should accept"
"I accept your offer"
"I am a millionaire! You see how good I am"
"Yeah, accept your offer"
"Look at this watch! Isn't- wait? what? You accept?"
That coffee girl should've jumped even at 10% without trying to shake Peter down to 5, 10% is basically nothing. She'd still have 40% and her co-founder would still have 40%.
She didn’t state it directly, but it was obvious that she and her partner were eying subsequent funding rounds, and they were wanting to retain sufficient equity to attract future investors.
30 Sep 2023 Appointment of a voluntary liquidator for ONE THIRD STORIES LIMITED but it looks like they started a new company together called FRIAR STREET VENTURES LIMITED
The first boys didnt even bother negotiating a buy back offer with peter thats ridiculous
Wouldn’t want to work with him, he would eat them.
7:28 "But is Jenny Campbell prepared to find the time to help the entrepreneurs nurture their fledgling business?"
No, she isn't.
Wow. Just Wow.
I fancy Deborah Meaden....Phwoooaaarrrrrr!!!!
🤮
I stopped drinking 15 years ago, I highly recommend you do the same
When a dragon calls YOU greedy...
I liked the concept of dress me. She could turn it into an online thrift store.
Jenny actually made sense on the first one for once
Yea I think ppl bandwagon her for easy likes too often
@@maverickmicshe won’t sleep with u mate
@@joelheskey6095 what you on about
@@joelheskey6095😂😂😂
Designed an entire app to help her get dressed and still turned up to a group of investors looking like she'd just got out of bed. Why is no one questioning this?
Those first couple of guys are a pair of bellends.
Yep. Irritating bastards that shout on their mobiles on buses and in Starbucks on their laptops...I hate them!
Ere ere
I agree. Absolute idiots!
LOL
Company in Liquidation 2023
It’s interesting to see how the US VC market compares to EU. Dragons were bombsmacked by the valuation, money they’ve raised and confidence amidst the woeful sales.
I suspect the plaque app “user testing” had participant bias. Wondering how they validated it scientifically.
That chic in the second clip is fire
Cold coffee….Ugh
Exactly my sentiments
I love coffee. A true addict. Super strong, barely any milk, pen stands up it type stuff, and I can drink it cold if needs be and I've left it on my desk in the mug during a meeting but actual "ice drink coffee" sold cans is vile. Cannot stand it.
she sold already - 70 mil
Do you live in a cold climate? Try drinking a hot cup of coffee on a 37c day! 😂
coldbrew coffee is different from just cold coffee. by not heating it in the first place a lot of the bitterness that would otherwise dominate when the coffee cooled don't leave the beans. it's quite nice in my opinion, never hurts to give something a try before writing it off
The dress me app reminds me of the movie Clueless.
State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
I'm dyslexic, and I know that who'd work, but I need someone who'd make it work.
One Third Stories (Voluntary Liquidated) after losing thousands. Have they release the Big Mistake book yet?
Voluntary liquidation just means you changed the companies legal status, they were not bankrupt they had plenty of cash and assets.
How did Deborah not know what advisory shares are!?
Advisory shares by definition need to be worked for. She was simply asking what she would need to do obtain them.
@@paulallen7366 6:45 She asked "what are advisory shares" and then the men had to explain to her what they are, so no she was not "simply asking what she would need to do", she was clueless.
Jenny was already out yesterday!
Later their company was worth 2.6million without peter. He could have been a part of it.
I think these guys really didnt have a good way of communicating what they were working with and thats why the dragons couldnt fathom why they rejected Peters offer.
State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
@@RobertAdriel-w4z I'm not sure how this comment is coherent
The coffee being weak would annoy me.
Imagine deborah not knowing what an advisory share it.
Dragons are declining the deal but drinking the coffee like hot chocolate 🍫
They are looking for profitable business, not for tasty drink
@@annaagapova3583 I am looking for tasty business with profitable drink
State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
such a good screenshot
I say take the “boxes” away and let the entrepreneur bring the products over
This was recorded during covid times hence the boxes to reduce contact. In the last couple of years series they’ve got back to the entrepreneur giving out their samples
Jenny was long gone by covid wasn’t she?
They should have made another offer but they did not what of 10% or 15% ...
It's insane cause Peter never offers to negotiate he's usually like nope my offer if my offer and he really gave these guys a chance to counter offer
Spray and Pray 😂
Book business asking pitching 7% for 1% conversion rate.
They were still optimising adverts and 2% is more than acceptable.
Does anyone know how the 1st 2 guys got on i thought insane turning down peter but did they fall or succeed
Alex Summerville is Rawr.🥰
How can you be partially dyslexic?
When its partially made up
Steven Bartlett missed the 18m shot.
Next book titanic
Why they not just say
7.5%
After your funds are paid back 😅
After all they didn't need the money 150k in the bank
They said they wanted a dragon
Pair of silver 🥈
Self not: see mesoa and the first guys plus the "dress me" company
Self note*
Found this coffee in home bargains . It was awrful
This business of needing to raise money is insane! They´re making books there should be no real need for them to raise a lot of capital in any case.
Hey Dragons Den Admin. YOu need to learn filtering out spam comments. These bot accounts are TERRIBLE XD
It's RUclips, they won't do anything about it because it makes them money.
RUclips no... but I would have hoped the person running this channel would at least put SOME effort into curating comments.
Then again perhaps I expect too much from a quick content dump.@@BenjaminGoose
Shut up Ness. You have a Furry profile picture ffs. No one cares what you think. FREE SPEECH FOR ALL AI BOT ACCOUNTS!!
@nessthecat the only spam comments I can see are your own
You're right, they could at least bother to delete the comments themselves.@@veeandness
There are succefull stores like dress me without the app.
A good idea
Debs out because she stumbled on her words, wow.
Sounds like she doesn't brush her teeth properly 😬
lol
Under 1% conversion rate? That just mean's "NOBODY" is visiting or the product is terrible. I think it's the first. Of course your conversion is 1% if you have 40 visitors....
People like that coffee woman talking about their delusional valuation make my blood boil
Those first guys would have afforded some consideration of their valuation IF the concept was unique and difficult to replicate, but it isn't. They are extremely misguided to believe otherwise.
Why is Steven always attacking Touker, If he doesn't agree he should shut up and declare himself out or make an offer. Touker has been making money from business a lot longer and been very successful so has a right to make his points more than that young whippersnapper.
steven knows a lot and touker dont like it ,so he attacks touker ,like you say toukers been at it a long time .
@@Secdagmo25 That is not the case Steven has a go at him saying things like are you going to make an offer whilst he is explain things with out letting him finish, meaning shut up Touker.
@@grahamjohnson4702 yes he does . a wile ago i saw touker having a go at steven and saying that he doesnt know what touker knows . he is jealous of steven ..
@@Secdagmo25 I think you need to re read what you wrote there. He doesn't need to be jealous of Steven he has much more than Steven. Good bye.
their on dole now id give peter 40 percent in heartbeat you going to come out rivh once hes with you
54:00
The first two!? Oh my gosh what a mistake
The dragons don’t know advisory shares? Isn’t that a basic term in shark tank?
The can coffe wouldn't see success in Italy
BOTTLESHOT DID PRETTY WELL, APPARENTLY SELLING TO GRIND FOR 18M.
One Third Stories is being liquidated, adios! 😅
For a SPLIT second I though king bach was a dragon from the thumbnail and was absolutely slackjawed
I think the dragon’s response to advisory shares was frankly ludacris. Super glad those guys did a good job building the business and get a 2.6 million valuation 8 months after this episode where they only valued the business at 800k. Advisory shares aren’t too uncommon on shark tank and the only problem these guys made was entering the den with no room to negotiate. That’s just silly but all too common amongst entrepreneurs on these types of shows
State a relevant business you have knowledge of, you could have a favoured proposals. So many investors scoring for startups and businesses to expand their portfolio.
'dress me' is obviously not the person who did the real job on the app. she walking in the dark
Why would a taxpayer funded university contribute my money to a book to be printed abroad?
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