Not necessarily. I've seen non-medical masks being used at medical facilities. It all really depends on wether the facility is willing to accept his product, and that can be purely based on convenience, such as how easy distribution is and the price of it.
Depends. Medical and clinical are two separate things. Medical means pretty much anything to do with the practice of medicine, whereas clinical means actual medical practice on patients. I'd want to know that stuff was approved for specifically clinical use, not vague medical use. But that's just me.
Imagine being a seller and the buyer asks, "what's the best you'll do"? If you are a good salesman you would say that you're willing to listen to their offer and that you already established the starting price. You don't give away your max because you lose all negotiation power. That's insane and the dragons are silly to expect anyone to sell that way.
yeah that's what I'm saying. He just says straight up which is better in this circumstances as they shouldn't expect more than he wants them. If they request like 20% straight away he won't be able to go back ot his percentage. Tbh good choice by him. Why wouldn't they half the money for like 7.5%??
Seriously. These guys are all over the place. It really feels like they just say whatever they are feeling and don’t think much about what actually makes business sense for the person.
@@derekg5674 true, well probably manipulation is apart of it. I know it prob sounds weird but these people get invited to the show and they get put under pressure and they say things to make the people believe they are making the wrong choice even when they arent. Of course they just want some quick money.
Whenever I sell something on Craig'slist or Facebook market and anyone asks, "what's the lowest you'll take" I laugh and say "what's your best offer?", and then I'll usually make them come up from there.
According to their filings at Companies House, they laid off most of their staff in 2018 and 2019, going from 17 to just 4. That's really bad timing. I hope they were able to get going again once demand spiked a few months later.
That was actually a pretty creative offer the last guy made. I think this guy was only there to promote the product though. If he can do what he says then it shouldn't have been an issue. Plus he wasn't factoring in how the guy would help grow the business. He just didn't value them. He valued the platform.
Or it could be because he lied about the next 3-year forecast to make it look like he had a more successful business. That way he wouldn't be able to get the 20% equity back. Maybe he was just there to advertise his company?
My negotiating principle would always be : i will tell you how offended i am with the offer that you are putting, i may even give you an insult to downgrade what you are offering me and slap you with my pride and achievements, but i will always leave a counter offer on the table : Take it or leave it Its like saying so that's your deal? thats it? oh okay but heres my deal take it or leave it It doesnt hurt to give someone a complement if there are things you notice of someone, it doesnt hurt to say thank you on every act of gratitutde, and lastly it doesnt hurt to make a counter offer irregardles if it is way off the negotiating range. Leaving a counter offer may not be accepted by the other party, but it will be something that will haunt and stick around on their head at some point and maybe they go back at you and finally give in. Thats the whole idea of making a counter offer
Peter: it’s outrageous to value the company between £1-£2M Profit = £190k x 5 years = £950k. Don’t forget that it’s a rapidly growing business. Peter just wants large pieces of the pie
Peter is annoyed about the entrepreneur coming to the den seeking an advertisement, not an investment. Look at Peter's smirk when Theo asked, "Why are you here?" The entrepreneur justified it by offering between 5 and 10 percent of his business, which means he values his business between 1 million and 2 million pounds-a huge jump. He's not serious about getting an investment.
Yes it's kind of ridiculous. This guy is already making 200k profit. So with 40% they will have there money back in 2.5 years even if they don't help him grow at all. Super greedy.
@@r5gtturbo197 why do people always just think "oh I invest 100k for 10% and if the business makes 200k profit then I get 20k and that's how I make money" don't forget YOU STILL OWN EQUITY IN THE BUSINESS. after you take your profit and if the business has grown, sell your equity. Exit strategies my guy
I'm sorry to say that this product isn't going to change any of that. The cleaning and laundry products and methods hospitals use already do everything this guy is claiming his product does. I think the only difference is the laundry stuff is non-bio, but that just means you have to use it at a higher temp to remove stains, and clinical laundries boil wash everything anyway.
@The Most Secure Election in History it was 190k, and it's pretty normal to value at 3-10x earnings depending on growth. Business should've been worth about a million
@The Most Secure Election in History depends how fast it's growing. Would need a very good business plan and for rapid growth to be very clear to be valued at 10x. But in this case, 5x i.e. 10% would've been reasonable
It should be made a crime for increasing prices on anti bacterial products during a pandemic. Even though it's a free market, people shouldn't be allowed to get rich on other people's suffering. That truly is criminal.
Some how I really doubt that. Do you have any idea how many thousands of companies have already been making hand gel for years now? Hand gel has been around for a very long time and doctors used to splash 99% pure alcohol on their hands between patients. The only thing that has changed is the gel and the fact that alcohol is a carcinogen and should not be used often. Kind of a joke on us with this pandemic that we're using it constantly.
It good offer from.jsmes means the guy not going to do what he said or that his business partner made s demand which he stuck with as both have 50/50 plus why the partner not there fir this important charge wasted everyone's time only benefit. Promotion tv
I'm not a dragon of course, but I'm annoyed also because his business partner owning 50% is not here with him. How can he 'talk to the wall' when the other partner is not there to agree or disagree? It's a waste of everybody's time unless this man wanted a free advert on BBC2 with maybe 3 million viewers.
Theo was unfair there, obviously asking how much he'd give away is pointless. Make an offer and shut up, he's not going to suddenly say "Oh I'd give up 20%" before proper negotiations start.
Paul Came to the Den to advertise his product on national television, he could have made James Caan a counter offer, if his full intentions was an investment from a Dragon.
Either that or he wasn’t willing to hand over a 3rd of his business that’s just recently undertaken a massive increase in profits and has a new innovative product due to launch to supplement it further. Im sure some pitches are there for marketing but this isn’t a consumer based product, so unless the NHS Procurement department are tuned in, it’s of not of any significant benefit to them being on the TV.
@@Cloud__ffvii Paul was happy to close a deal from 5- 10%, Considering James being the last Dragon left he offered 30% and reduction of 10% each year if targets are met back to 10%. Which is pretty fair in my opinion, Paul could if he wanted to really close a deal on that day.
After the show in 2010 he got 500 Tesco stores on board so before covid he was going to be doing well. His company is called "Paragon pe" based in Widnes.
It’s really starting to get to me how much the dragons flip flop on how they think. First they say, “well if you can’t negotiate any higher than 5, I can’t work with you.” Then as soon as he says he’s willing to negotiate between 5 and 10, Peter gives him crap for not having a solid valuation. It really seems like they go off whatever they are feeling at the moment.
He didn't give him crap for not having a solid valuation, he gave him crap for what his valuation was. Basically saying I'm not willing to go down to where you want and you can't go up to where I want so we have nothing to talk about so I'm not going to waste anymore time on this so bye.
10 years later the company is only worth £200,000 (look up company number 05208657). Bit dumb of him to not take the offer, and even dumber not to bring his partner to negotiations.
I love how the dragons are laughing at the end but I bet he's doing well given the circumstances at the minute... Its just an opinion but they get so greedy at times it's unreal
5% equity is too little, but 30% is too much. I wouldn't have taken that deal either. He didn't seem willing to negotiate though which is a bit strange.
Did you watch the video properly? James said that if the guy met his targets, James would go down to 10%. If you're confident on your numbers and you appreciate what the dragons can do for you, that's a bargain. The guy didn’t want an investment.
@@Locutus yes I saw that which I forgot to mention, but what if he didn't meet his targets? It's still a lot to give away. I guess he wasn't that confident that he would but still, I would have at least negotiated.
@@Locutus nevertheless, 30% is too much to give away. You can predict the future. Based on those terms they could have had a quiet 12-18 months then become a company turning over billions, but unfortunately they’d not met the sales targets and therefore given away 30% of that entire business. It was a smart option from the pitcher. James Caan met him a year later on a follow up show and offered again to invest, so clearly he was desperate to get involved. The dragons greed is what killed the deal. If someone made an offer of 10% he would have likely gone for it - the company is trading still today 17 years later, so it’s definitely a missed opportunity for the dragons.
@The Most Secure Election in History yes I know how business works, but in this case, 30% even for the first year is too high in my opinion. Lets say he tried his absolute hardest but hit just under the agreed target, he'd still have to pay Caan 30% of his profits. That's why people negotiate somewhere in the middle so both parties are happy, but he didn't do that.
I bet they wished they invested now. Arrogance and ignorance can easily lead to despair. I hope that this chap stuck to his guns, and is now 'up there', earning what he deserves.
Everyone’s kinda saying that this dude would be a billionaire by now and everything, but realistically, if this were today, don’t you think that almost every person coming in would be hocking some “Miracle COVID Cure” by now?
That doesn't make sense. The dragons want to get their money back as soon as possible. If the guy is successful, then they get their money back. If not, they don't.
These dragons need to be careful - their level of integrity comes through. And that’s why Debra sits in the centre. I have developed a huge huge amount of respect for the lady. I think she is a national treasure. However these other guys are either too emotional or too greedy like James.
There are big brands already making these products forever, I’ve been a hospitalist for 20 yrs and the room super clean is common, yes clothes will hold staph etc most is natural on our skin, the skin infects clothes not the other way around!
He's clearly here for advertisement and not for an investment. Seriously why doesn't the shortlisting team filter these sorts of people out?? There are genuine entrepreneurs who want to negotiate a deal who suffer because of people like him
he comes in seemingly slightly......in a DULL mood. Plus, five percent on this product line? Come on dude, you gotta offer more of a share than that if these start selling like NORMAL detergent. You gonna throw them that tiny thin-slice piece of what may very well be a ROTTEN hunk of meat? Jones may be hiding his disgust/disdain when Paul made THAT offer.
James Caan’s investments are apparently very loose. No actual cash is transferred, instead he uses 3rd party business consultants to advise the entrepreneurs and James Caan covers the cost and calls that the investment.
@@iz723 Google Sharon Wright James Caan. She ended up suing him over it all; one of the main reasons he left Dragon’s Den. He doesn’t even give them money it looks like, just co-signs on a loan for them which they need to pay back. Duncan who did the other half of the deal with Sharon just gave her the cash.
@@stevechristie2569 that’s true but given he’s meant to be an angel investor and appears on a TV show being just that, you’d expect that once the contracts are signed he’d deliver on the investment!
@The Most Secure Election in History that's what it comes down to mate, I would've invested and you wouldn't. Don't know if you've seen but halo products are very popular now so I would've made a killing 😁
@The Most Secure Election in History they're making a lot more than 200k now, stocked in every supermarket and have big clients across different industries
The Dragons are all so “furious”, “angry”, “offended”, “time wasted” when someone dares to stand firm on their valuations of their own businesses. Credit to this guy standing firm and not wavering though.
Dragons should be furious! These guys are serious in making money, and TIME is money. This guy obviously wanted just free publicity and I would be furious if my time was wasted giving a guy free publicity when I could be elsewhere dealing with my own business and making profits. Standing firm here is just a waste of time for everybody when you are offering just peanuts in return of the Dragons' expertise.
This time dragons been acting like a jealous kids. His business makes profit already, and will make much more in the future. He just wanted to get more and faster, so that's why he came to this show. 5% is a lot, because products is popular and will be.
@@Figgy20000 He always like that, he supposed to help people, not to judge people, he always thinks he is the best! Maybe you rich, you was lucky, and you used opportunity when it came. But don't be a d*** all the time..
Dragons: Give me your turnover for the next 3 years
Him: 2018: 1 mil
2019: 2.5mil
2020: 355 trillion.
🤣
🤣
🤣
😅😅😅
I don't think there's any big demand for this stuff
Lol
🤣🤣🤣
Haha
LMAO
Are you joking lol
If he already sells to medical facilities it means he had to prove his products work, get certifications etc. So that's a good sign regarding quality.
Not necessarily. I've seen non-medical masks being used at medical facilities. It all really depends on wether the facility is willing to accept his product, and that can be purely based on convenience, such as how easy distribution is and the price of it.
Depends.
Medical and clinical are two separate things. Medical means pretty much anything to do with the practice of medicine, whereas clinical means actual medical practice on patients.
I'd want to know that stuff was approved for specifically clinical use, not vague medical use.
But that's just me.
He sold to medical facilities in Haiti
Why did you value this company at 2 million pounds?
Well I’ve priced in the COVID-19 LOL
😂
Ahahaaaha
Dragon: My offer is a buffet dinner with a Dr. Pepper for 75% stake in your company.
Entrepreneur: I decline your offer.
Dragon: *Looks offended*
Dragon: well clearly you don't value the impact that the Dr Pepper will have on your business!
Go watch the US and Australia version of Shark Tank. Very different vibe.
I bet this guy has made millions in the past year
Well, this aged well!
To well to be honest 😂
Well well
Like a fine virus
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Imagine being a seller and the buyer asks, "what's the best you'll do"? If you are a good salesman you would say that you're willing to listen to their offer and that you already established the starting price. You don't give away your max because you lose all negotiation power. That's insane and the dragons are silly to expect anyone to sell that way.
yeah that's what I'm saying. He just says straight up which is better in this circumstances as they shouldn't expect more than he wants them. If they request like 20% straight away he won't be able to go back ot his percentage. Tbh good choice by him. Why wouldn't they half the money for like 7.5%??
Seriously. These guys are all over the place. It really feels like they just say whatever they are feeling and don’t think much about what actually makes business sense for the person.
@@derekg5674 true, well probably manipulation is apart of it. I know it prob sounds weird but these people get invited to the show and they get put under pressure and they say things to make the people believe they are making the wrong choice even when they arent. Of course they just want some quick money.
I'm sure part of the reason is they want to know if their max is even worth continuing the conversation.
Whenever I sell something on Craig'slist or Facebook market and anyone asks, "what's the lowest you'll take" I laugh and say "what's your best offer?", and then I'll usually make them come up from there.
This guy must be a billionaire after COVID
but you can't KILL COVID! Strike it down and it only becomes more powerful!
@@salemkid1979 actually you CAN kill c.ovid., it's a family of viruses (cold viruses) so YOU KILL IT WITH YOUR IMMUNE SYSTEM.
You just took the words right out of my immune system
@@salemkid1979 it dies after 3 days s outside of a living organism
@@vmanismyname1534 the COVID will return, and in greater numbers
According to their filings at Companies House, they laid off most of their staff in 2018 and 2019, going from 17 to just 4. That's really bad timing. I hope they were able to get going again once demand spiked a few months later.
@@itsacookie1 u heartless animal
Yep. And he's a snake oil salesman. There's nothing special about what his product does. Either he's lying or he doesn't understand how they work.
He came to advertise his business
That was actually a pretty creative offer the last guy made. I think this guy was only there to promote the product though. If he can do what he says then it shouldn't have been an issue. Plus he wasn't factoring in how the guy would help grow the business. He just didn't value them. He valued the platform.
Or it could be because he lied about the next 3-year forecast to make it look like he had a more successful business. That way he wouldn't be able to get the 20% equity back. Maybe he was just there to advertise his company?
Wow James khan got them negotiating skills 👏
2021: Might have wanted to use the children’s inheritance on this one Theo...
Good comment mate
"Swine flu has boosted our sales of alo-gel"
Covid: "Hold my beer"
Asking him for a better % with no desire to make an offer is a ridiculous way of negotiating.
My negotiating principle would always be : i will tell you how offended i am with the offer that you are putting, i may even give you an insult to downgrade what you are offering me and slap you with my pride and achievements, but i will always leave a counter offer on the table : Take it or leave it
Its like saying so that's your deal? thats it? oh okay but heres my deal take it or leave it
It doesnt hurt to give someone a complement if there are things you notice of someone, it doesnt hurt to say thank you on every act of gratitutde, and lastly it doesnt hurt to make a counter offer irregardles if it is way off the negotiating range. Leaving a counter offer may not be accepted by the other party, but it will be something that will haunt and stick around on their head at some point and maybe they go back at you and finally give in. Thats the whole idea of making a counter offer
Jenny "I'm a northerner like you, so we have to stick together and because of that reason I'm out"
You saved my life, donated 1 billion to charity, found the cure for cancer and solved cold fusion and for that reason I'm out
That was a really smart offer by James.
Peter: it’s outrageous to value the company between £1-£2M
Profit = £190k x 5 years = £950k. Don’t forget that it’s a rapidly growing business. Peter just wants large pieces of the pie
Peter is annoyed about the entrepreneur coming to the den seeking an advertisement, not an investment. Look at Peter's smirk when Theo asked, "Why are you here?" The entrepreneur justified it by offering between 5 and 10 percent of his business, which means he values his business between 1 million and 2 million pounds-a huge jump. He's not serious about getting an investment.
Lol, i can definitely see you went to business school.
Paul just wanted some air time.
He's making 200k profit a year already. No need to give 10% away for another 100k.
@@fosfeen yes smart move by them on getting some exposure.
yep, the guy was ap'Paul'ing...
Not just the money but experience
Love Duncan's face, the looks he gives, could be a detective, 😆
He's a buffoon
I sure do love it when Deborah says 'blinking' 😂
I wonder how Jenny is doing with the lockdown? Must be hard not being able to go out all the time
🤣😭😅🤣
Well done, that's good!
LMAO
She is out of covid.....in her house .
You know they are disappointed.. asks for 5 but they want 20-40 lmao. Tbh with him. That's a huge difference going from 5 to 30 or so. Too much.
Yes it's kind of ridiculous. This guy is already making 200k profit. So with 40% they will have there money back in 2.5 years even if they don't help him grow at all.
Super greedy.
190k profit and James offered 100k for 30% LOL, how greedy are these guys? Glad he said no.
errrr....how greedy is THIS guy.
Are you a brainlet?
@@r5gtturbo197 You dont value a business like that. Even a 200k profit per year business is valued easily at 1 million.
@@r5gtturbo197 why do people always just think "oh I invest 100k for 10% and if the business makes 200k profit then I get 20k and that's how I make money" don't forget YOU STILL OWN EQUITY IN THE BUSINESS. after you take your profit and if the business has grown, sell your equity. Exit strategies my guy
@@r5gtturbo197 if James offered 100k for 30% that values a business making 190k profit at 333k. Extremely greedy.
my man must be a millionaire in 2020
If only they knew what was coming in 2020
as an immunocompromised person who stays in hospital a lot bc of infections and then gets even worse infections, I really hope this helps
I'm sorry to say that this product isn't going to change any of that.
The cleaning and laundry products and methods hospitals use already do everything this guy is claiming his product does. I think the only difference is the laundry stuff is non-bio, but that just means you have to use it at a higher temp to remove stains, and clinical laundries boil wash everything anyway.
Stay strong 💪
Dragons were really unreasonable there, James Khan valuing the business at like 300k when the guy made 200k net profit, wtf!
@The Most Secure Election in History it was 190k, and it's pretty normal to value at 3-10x earnings depending on growth. Business should've been worth about a million
@The Most Secure Election in History depends how fast it's growing. Would need a very good business plan and for rapid growth to be very clear to be valued at 10x. But in this case, 5x i.e. 10% would've been reasonable
This guy came here for the free ‘famous, I’ve been in DD testimonial advert’ but don’t blame him...
Sort of passive aggressive exposure bucks.
It should be made a crime for increasing prices on anti bacterial products during a pandemic. Even though it's a free market, people shouldn't be allowed to get rich on other people's suffering. That truly is criminal.
Yet people are ok to pay for rent, food and water
In the US there are laws against profiteering
He should've said yes just for good TV and not sign anything after! James Cann is a gent.
Following your own appalling, unprofessional, integrity free advice, would see you a pariah in your local business community, VERY QUICKLY.
Yeah and instantly confirming the fact that he's a bigger bellend than we thought. James is a gent and you'd have this numpty screw him over.
Paul left the den and unleashed COVID 19. Who needed a Dragon ffs?
bet this guy is now retired on a private island somewhere, selling all that handgel for covid
Some how I really doubt that. Do you have any idea how many thousands of companies have already been making hand gel for years now? Hand gel has been around for a very long time and doctors used to splash 99% pure alcohol on their hands between patients. The only thing that has changed is the gel and the fact that alcohol is a carcinogen and should not be used often. Kind of a joke on us with this pandemic that we're using it constantly.
He's currently recovering from covid-19 in St Thomas's Hospital
This guy must be loving how things are now.
Maybe not, I think I read that he caught covid pretty bad
@@Dr--Prepper
That's terrible. Hope he pulls through.
@@Dr--Prepper That’s public knowledge?!
@@Dr--Prepper He's OK now according to DM
He will do well even without the dragons i think.
I would like to see the UK Dragons have a fist fight with the Aussie Sharks
Peter Jones would be like the big show in a royal rumble
Andrew would probably be the referee
Jenny would be out
@@Superrayjunw lmao
Jenny would send her big strong strapping lads from home in her place
i wonder how hes doing in the covid climate
Obviously he is doing well!!
Whose sorry now ? , a few dragons i think. 🧐
He'd be kickin back on a big fuckin boat
@@jhonybaba if he managed to stay in business for the past 11 years
This guy has done really well
crazy not to take james's offer...........
It good offer from.jsmes means the guy not going to do what he said or that his business partner made s demand which he stuck with as both have 50/50 plus why the partner not there fir this important charge wasted everyone's time only benefit. Promotion tv
A profit multiple of 10-5 is a "crazy evaluation"!? WTF?
Obviously wasn’t confident he’d hit his targets
I'm not a dragon of course, but I'm annoyed also because his business partner owning 50% is not here with him. How can he 'talk to the wall' when the other partner is not there to agree or disagree? It's a waste of everybody's time unless this man wanted a free advert on BBC2 with maybe 3 million viewers.
They may have come with agreements prior like favourites of the dragons, what other deals they could accept, etc prior to this x
Theo was unfair there, obviously asking how much he'd give away is pointless. Make an offer and shut up, he's not going to suddenly say "Oh I'd give up 20%" before proper negotiations start.
Paul Came to the Den to advertise his product on national television, he could have made James Caan a counter offer, if his full intentions was an investment from a Dragon.
Well said.
Could have
This was about 10 years ago no?
Either that or he wasn’t willing to hand over a 3rd of his business that’s just recently undertaken a massive increase in profits and has a new innovative product due to launch to supplement it further.
Im sure some pitches are there for marketing but this isn’t a consumer based product, so unless the NHS Procurement department are tuned in, it’s of not of any significant benefit to them being on the TV.
@@Cloud__ffvii Paul was happy to close a deal from 5- 10%, Considering James being the last Dragon left he offered 30% and reduction of 10% each year if targets are met back to 10%. Which is pretty fair in my opinion, Paul could if he wanted to really close a deal on that day.
His company must have done well when everyone was panic buying hand sanitiser
I haven’t stopped buying that stuff since March 2020
After the show in 2010 he got 500 Tesco stores on board so before covid he was going to be doing well. His company is called "Paragon pe" based in Widnes.
I knew he wasn't going to take the offer. No way he was gonna accept 30%
It’s really starting to get to me how much the dragons flip flop on how they think. First they say, “well if you can’t negotiate any higher than 5, I can’t work with you.” Then as soon as he says he’s willing to negotiate between 5 and 10, Peter gives him crap for not having a solid valuation. It really seems like they go off whatever they are feeling at the moment.
He didn't give him crap for not having a solid valuation, he gave him crap for what his valuation was. Basically saying I'm not willing to go down to where you want and you can't go up to where I want so we have nothing to talk about so I'm not going to waste anymore time on this so bye.
They could still have made an offer. Up to him to refuse then.
True, but offense is taken from a ridiculous evaluation.
He stood his ground, well done lad!I bet them dragons are gutted given the current bat flu bollox
his valuation was outrageous, but he got some free ad
10 years later the company is only worth £200,000 (look up company number 05208657). Bit dumb of him to not take the offer, and even dumber not to bring his partner to negotiations.
I love how the dragons are laughing at the end but I bet he's doing well given the circumstances at the minute... Its just an opinion but they get so greedy at times it's unreal
He would have probably gone bust before covid
@@paulthrutner9114 and he duly did
5% equity is too little, but 30% is too much. I wouldn't have taken that deal either. He didn't seem willing to negotiate though which is a bit strange.
Did you watch the video properly? James said that if the guy met his targets, James would go down to 10%. If you're confident on your numbers and you appreciate what the dragons can do for you, that's a bargain.
The guy didn’t want an investment.
@@Locutus yes I saw that which I forgot to mention, but what if he didn't meet his targets? It's still a lot to give away. I guess he wasn't that confident that he would but still, I would have at least negotiated.
@@cun7us Fair enough. These people have difficulty putting their money where their mouths are.
@@Locutus nevertheless, 30% is too much to give away. You can predict the future. Based on those terms they could have had a quiet 12-18 months then become a company turning over billions, but unfortunately they’d not met the sales targets and therefore given away 30% of that entire business.
It was a smart option from the pitcher.
James Caan met him a year later on a follow up show and offered again to invest, so clearly he was desperate to get involved.
The dragons greed is what killed the deal. If someone made an offer of 10% he would have likely gone for it - the company is trading still today 17 years later, so it’s definitely a missed opportunity for the dragons.
@The Most Secure Election in History yes I know how business works, but in this case, 30% even for the first year is too high in my opinion. Lets say he tried his absolute hardest but hit just under the agreed target, he'd still have to pay Caan 30% of his profits. That's why people negotiate somewhere in the middle so both parties are happy, but he didn't do that.
I bet they wished they invested now. Arrogance and ignorance can easily lead to despair. I hope that this chap stuck to his guns, and is now 'up there', earning what he deserves.
He’s planning 1m cumulative profit in 3 years and they are talking about 40%. They are trying to take advantage of him. He’s done all the work already
On the last offer that he turned down it showed that his statistics given could not be backed up by him.
I almost thought he said, we're going to make 1M turnover with 1.5M profit. This product going to do so well, it outsells it sales
Shame looked like a really good business
I bought this the other day its amazing love it
James always makes good offers, is polite, and congratulates the entrepreneurs even when they go with another dragon.
3:55
Narrator: The current flu pandemic
2020: Hold my beer
Everyone’s kinda saying that this dude would be a billionaire by now and everything, but realistically, if this were today, don’t you think that almost every person coming in would be hocking some “Miracle COVID Cure” by now?
He was there for the free advertising
Obviously he didn’t believe on his projections otherwise he would’ve accepted the offer 😂
Just saw this on the Sainsbury detergent list for online shopping
That deal from what’s his name is evil. I won’t accept it because the man won’t help you because he would want you to fail.
That doesn't make sense. The dragons want to get their money back as soon as possible. If the guy is successful, then they get their money back. If not, they don't.
These dragons need to be careful - their level of integrity comes through. And that’s why Debra sits in the centre. I have developed a huge huge amount of respect for the lady. I think she is a national treasure. However these other guys are either too emotional or too greedy like James.
There are big brands already making these products forever, I’ve been a hospitalist for 20 yrs and the room super clean is common, yes clothes will hold staph etc most is natural on our skin, the skin infects clothes not the other way around!
What's a "hospitalist"?
This guy was a total robot
He's clearly here for advertisement and not for an investment.
Seriously why doesn't the shortlisting team filter these sorts of people out?? There are genuine entrepreneurs who want to negotiate a deal who suffer because of people like him
I agree! It's very obvious which ones are there for publicity!
There's a term for "people who do the sorts of things other people don't do": they're called deviants. Conformism is hardly surprising.
he comes in seemingly slightly......in a DULL mood. Plus, five percent on this product line? Come on dude, you gotta offer more of a share than that if these start selling like NORMAL detergent. You gonna throw them that tiny thin-slice piece of what may very well be a ROTTEN hunk of meat? Jones may be hiding his disgust/disdain when Paul made THAT offer.
Yah he can’t take that deal because he knows he just made those projections up and there’s no chance of hitting the targets.
Love the way the Dragons scoff at this guys rejection of them wanting to steal his business from him .Just a bunch of loan sharks in disguise
I don't think you understand how this works.
All the dragons try to bully their way to cut price deals
@@Sir_Henry_Bossocks they want to make money. They've made money.
I would have taken that offer just to work with James, he is appealing.
James Caan’s investments are apparently very loose. No actual cash is transferred, instead he uses 3rd party business consultants to advise the entrepreneurs and James Caan covers the cost and calls that the investment.
@@Cloud__ffvii uh, source?
@@iz723 Google Sharon Wright James Caan. She ended up suing him over it all; one of the main reasons he left Dragon’s Den.
He doesn’t even give them money it looks like, just co-signs on a loan for them which they need to pay back.
Duncan who did the other half of the deal with Sharon just gave her the cash.
@@Cloud__ffvii I can believe that; not all rich people got rich by handing out money.
@@stevechristie2569 that’s true but given he’s meant to be an angel investor and appears on a TV show being just that, you’d expect that once the contracts are signed he’d deliver on the investment!
The "current" swine flu pandemic.
*cries in 2021*
These dragons are so greedy.
Ye it's rediculous
Wow, bet he's cleaning up now....... literally!! :)
how is this guy talking to the wall with such stress. Id take that in a heartbeat
4:18 How does that scottish guy manage to look around the room with only one eye?
His business must be doing very good now in the covid pandemic
Guys making millions now - 10% at 100k was a good offer
It was 10 years ago. Anything could have happened in between
Are you sure?I can't find revenue of his company on Google.
Hopefully they made a deal and made it huge in 2019 Covid era
This was a brand awareness grab…..
his valuation makes sense to me: 8 yrs net profit
Companies grow
At 10% it did make sense. He was just giving himself some room to negotiate cos he knows what the dragons are like
@The Most Secure Election in History that's what it comes down to mate, I would've invested and you wouldn't. Don't know if you've seen but halo products are very popular now so I would've made a killing 😁
@The Most Secure Election in History they're making a lot more than 200k now, stocked in every supermarket and have big clients across different industries
A complete Tyre kicker, 5% for 100 bags 🤣😆🤣😆🤣 👍
Did he just say he had a product that ‘killed viruses’.... !!!
I have such a product - called soap
How old is this if he only mentions influenza ?
The Dragons are all so “furious”, “angry”, “offended”, “time wasted” when someone dares to stand firm on their valuations of their own businesses.
Credit to this guy standing firm and not wavering though.
Dragons should be furious! These guys are serious in making money, and TIME is money. This guy obviously wanted just free publicity and I would be furious if my time was wasted giving a guy free publicity when I could be elsewhere dealing with my own business and making profits. Standing firm here is just a waste of time for everybody when you are offering just peanuts in return of the Dragons' expertise.
@@soilhands7853 they’re paid to be part of the TV show.
He clearly didn't want an investment; just cheap exposure.
one of the hardest accents to understand
Peter Jones is so arrogant
He wasn't interested in selling even 5% of his business, all a show for awareness good luck to him he's well in the money in 2020
He was projecting $1m profit in the next 3 years and was offering his business at $1m.
Seems fair to me...
This time dragons been acting like a jealous kids. His business makes profit already, and will make much more in the future. He just wanted to get more and faster, so that's why he came to this show. 5% is a lot, because products is popular and will be.
"I'm going to make $1m profit in the next 3 years"
Peter Jones: "Your company isn't worth $1m what a joke!"
@@Figgy20000 He always like that, he supposed to help people, not to judge people, he always thinks he is the best! Maybe you rich, you was lucky, and you used opportunity when it came. But don't be a d*** all the time..
Ironic that these days you need a health certificate to eat in MacDonalds lol
I think this guy was there to advertise his product. Wasn't serious about investment.
Dude the dragons den music really gives me BO2 vibes damn, also the narrator's puns don't get enough credit in the comments
Paul came into the den hoping to 'clear up' and walk away with an investment.
Haha, probably undervalued his company
It was years ago, other flu.
I bet Dragons have subscribed to this channel and Theo is crying right now 😂
he didn't come looking for a deal. He was after cheap advertisement
His pitch is for a very specific product for a very specific market. It’s not a consumer based product, so being on TV is neither here nor there.
When were these recorded?
@Doctah Wahwee ty. It's good I haven't seen older seasons so I don't get bored of watching the same seasons lol
swine flu was 2009, so I'm guessing 2010 or 2011
This guy hit the jackpot with covid