Dragons Want Full Control of Eco-Friendly Business | Dragons' Den Canada
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- Опубликовано: 8 сен 2024
- Businessman, Steven Sal Debus is hoping to revive his eco-friendly clothing business, Modrobes with a Dragon deal. The entrepreneur plans to expand Modrobes into a full line of urban clothing made from recycled plastic.
He is seeking an investment of 200K for a 30% stake in his company but The Dragons are more interested in getting full control of the whole business.
#DragonsDenCanada #DragonsDen #EcoFriendly
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Kevin: Did you lose your wife?
Steven: and a lot of money
Kevin: that's the most important thing
ZOOMS IN on Kevin's wedding ring...
lol
Probably has an ironclad prenup though.
Sigma Grindset, ladies love it ( ಠ ͜ʖಠ)
Did they zoom in on the boat accident too? Or is this vid too soon, too soon, lol
Should have zoomed in on a wrecked boat after the wedding ring.
Now.... thats... what you call good editing.
"I wanna be able to sit on your board to make sure you don't go sideways on me"....what a line
I’ve never heard of this brand…looks like they went tits up in 2017 but just tweeted in June of 2021 about trying to revive the brand yet again
wait rly? xd
The zoom in on Mr wonderfuls ring 💀
As of Dec. 2022 no production or product avail. Most convoluted set of messages ever on FB and on their website. "Things are coming"...yeah so is Monday.
Mr Wonderful was like ''youre starting from zero'' 😣
After he put in a million and a lot of work lol
@@DocRealTalk If I were an investor, I would want to see EXACTLY what he did to drop from 10M to zero? Lavish vacations, premium cars/office spaces, stock that sat in warehouse unsold?
@@JazzyMarineVet
I would too. He said bad management, but didn't go into details. And that would determine the value of this brand and his value.
@@DocRealTalk yep, notice how all the investors were pig tailing on whether or not he was going to flop on them? they don't know if he's a reliable investment as a company owner and partner
If he went bankrupt, his company & brand name would go in to receivership & he wouldn’t own it today. This doesn’t make sense.
He went bankrupt in the colloquial sense of the word
I had modrobes back in high school and I liked them. Very comfortable but it wasn’t the recycled plastic clothing
Great episode.
Great guy!
A DVD? 😂
The comment at the end from the shark who made a deal to Kevin about how to loan actauslly gives them some control over company or what ever Idk I think what they said was useful to know. I didn’t know that.
Think of it like getting a bank loan to buy a house. The bank buys the house for you and then you slowly repay the bank every month right? Well if you fail to pay those or if you lose your job and become bankrupt, the bank now owns your house. That dragon basically is the bank so if that guy cant make interest payments and the company is about to go bankrupt, he then owns 100% of the company and can sell the assets/name to recover his money. And since he only invest 200,000, he feels he can probably get at least that much back when selling off assets so his initial investment is pretty safe and if the business makes any money then thats pure profits for him.
@@GreenDudeHC very good explanation thank you!
Yes, it was that comment of Brett’s to Kevin that made me realise that the “operating line” (i.e. loan) will not merely be an interest-bearing loan, but also a secured loan.
A really aggressive loan would not only be interest-bearing and secured (against the borrowing company assets), but would also be guaranteed by the borrowing company’s shareholders; and also those shareholders’ guarantees could themselves be underpinned by security (perhaps in the form of the shares themselves). If structured like that, then the lender (Brett, or his investment company if he uses one) could, under certain circumstances in the event of default by the company and the guaranteeing shareholders, end up in possession of 100% of the shares of the company.
@@GreenDudeHC Thanks dawg I was wondering about that comment too... Made me feel like he was being a shady peice of shit but your explanation makes it make sense.
It appears that he’s up and going again. Seems pretty small, but he’s still producing modrobes once again.
Awesome video
Why did he not bring samples!? For that reason... I'M OUT!!! 😁😁😁
Samples? Didn't you see all those models in the back wearing his clothing line? I guess he is genuine. But he sounds like a guy who has made it big once and burnt it all down to the ground. Whether he can rebuild it again remains to be seen. I guess it was a risk worth taking. He got a deal; which is all that matters. Wish him luck.
@@pintofamilyutube For me... just personally would have wanted to see what the Dragon's felt like holding the material and stuff like that. Hope you're having a awesome summer... Aloha...
Your name is not Barbara, for that ŕeason I'm out 😅
I think all the samples were from past production. I see them on Ebay for about twice the price they sold for.
@@jaimhaas5170 Oh Okay... Thank you. I just write if I'm in or our, just for fun... I wish I could be a Dragon or a Shark! 😁😁😁 I would like to know any updates, as well. So I hope they add a Series like that soon... (Where are they now, after the Den or the Tank!). Happy Holidays... 💞💞💞
Anybody noticed the background music at the end; sounds like the Spectacular Spider-man's theme music?!
Mr Wonderful is a definition of #greed
That's how you get rich.
If ‘you are back as zero’ is applicable to someone that had a 14mill company the it’s equally valid saying a new investor, REGARDLESS OF EXPERIENCE AND ALL THE THINGS THAT COME WITH THAT, is also “back at zero”. 🙄😶
Kevin definitely cares more about money than safe boatin...........uh, than his wife, that's for sure. If he's still with the latest one.
I don’t understand, he made 10 million and lost it all??? But how?
Gambling, cocaine, and hookers.
Women, divorces, you know the reality
10mil in revenue not profit
He has a "hippie" vibe so I'm guessing on booze, VW's, and women.
Mister wonderful is the man
i don't wanna wear plastic. hemp is where its at.
Hello from usa
Rest
He’s lucky he got a third offer
I do not know how old this program is, but I know for an absolute fact that this technology has been with is for 29 years (since 1998, as of 2022) Therefore he is either lying or has himself been misled.
Does Greg Kinnear ever jump in and take the initiative, or is he merely the group buzzard, waiting to pick over the other Dragons’ leftovers?
The issue is the design...not attractive at all.
50% at 400k
🥵
mr. wonderful should have kept this mouth shut. no one looked at homeboy and said “that was cool” 😂 I just felt bad I know he’s joking but still cringe af lol and why tf do people wanna be wearing bottles for 😂 I feel itchy for them
They have Dragons Canada, Dragons UK, Dragons Australia and Shark Tank, but this one is the most boring one it just tells everything about Canada, you guys need to spice things up a little, this show really sucks!
😂 as a Canadian I always find it funny hearing that. I can respect there is nothing "sexy" about it but it is good and really straight to the point. Shark Tank is too much of a production in my opinion.
@@m.douglas8499 I agree. This show is cool and raw and down to Earth
No way dragons den Canada is the wildest of them all. I mean, even Roberts a dick here
Kevin O'Leary is the one who makes it interesting to watch.
@@kasandrop facts