Is This The Most Dramatic Turn-Around EVER? | Dragons' Den
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- เผยแพร่เมื่อ 5 ก.ย. 2022
- Von Sy, founder of Nimble, a household baby cleaning product business is next into The Den. He is seeking an investment of £85,000 in exchange for just 3% of his company.
Season 17, Episode 9
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 #BabyProducts #HugeTurnaround - บันเทิง
He seems like a great guy, really down to earth and honest. I wish him success.
Philippines are the Best. Love them.
I like Deborah a lot and I also like Peter. However, sometimes they are too quick to fly off the handle when they get a bee in their bonnets. Worse, if Peter sneezes, Deborah will more often than not, cough.
Peter thought because he didn't invest others will follow him. raising brow whenever there's an offer. I love Sarah Smile too. She's lovely
Aye
Why I...
He probably coulda gotten them in for 1% each if he put a flow signal on it
Don't tell that to young suzie
to mimmick the traffic ?
He was going to, but the lady at the cleaning supplies place said she didn’t like the idea
What a lovely guy. I hope they have tremendous success.
Because he came with a valuation too high he now must be bullied into giving away more than he would if he came with a lower valuation? That stinks
Nobody forced him to do anything he could have walked without a deal and still had 100% of his company
@@anthonyp2312 you’ve never felt slight pressure have you
Bullied is absolutely the correct word here - they knew he was onto something, and they bullied their way into having more fingers in the pie. Pure exploitation. The rich get richer.
"And that's a good offer...." He wouldn't have said that if it was a good offer 😉
First thing I thought when I heard him say it!
Aye :p
He should've said okay, once the deal goes through for 700000 units on each sku give me back 10% of equity each.
This guy valued his business at £2'850'000 and then sold 39% of it for 80k... Wow he had his pants pulled down there.
He also gave the slurp
I like Tej, he is always clear and direct while giving constructive feedback
I’m sorry but there was no accounting for the offer from the distributor for 700,000 units per skew. If he pulls that deal off, all of a sudden the turnover is tens of millions. The dragons bullied this man into a deal based on the negative feedback from Peter and Deborah. I hope he had a change of heart after the den and re-negged.
You need to think a little bit beyond the basics. You're getting 3 dragons that have the potential to blow the business up in a big way. All they need to do is make the business worth double the value and the guy is better off financially. And they have the potential to make the business 10 or 20 times larger than he could do on his own. That's the difference between 100% of a million or 55% of 20 million.
@@jakecooper5855 Does all potential favours business at all times?
he didn't show evidence for it
Exactly he left a vacuum. Couldn’t name the licencees and did not make a counter offer.
His revenue will soar because of the trio. He must be grateful for it.
They didn't invest in the product, they invested in the inventor.
I think he will be extremely happy now with 3 Dragons. Well done Von Sy!! 🤗
I like tej he is the most brilliant . How he sees opportunity is specific. And he quietly has made businesses turn over millions
Touker is like a child at times. "If you're talking to Tej I'm out". Grow up ffs
Whenever I see this in the den it perplexes me. However in Shark Tank it seems to happen every pitch
It works doesn't it. He's not being childish he's applying pressure to protect his own interests
@Louise Sparkles 💋 Debra is the most straightforward person on the bench. She tells it how it is and doesn’t mess people around with false hopes. If you’ve got something, she wants in. If not then she won’t waste her time!
She’s an icon and knows her stuff, also one can argue she probably has earned the right to be rude 😂
He is a child
@@Forwarrd it is not entertaining it real money and real people fighting for opportunities
By getting 3 of them onboard, they will help speed up sales and marketing. However, he should have countered with a share buy back offer once a certain target is met. The fact that he didn't even think of that shows he is in need of their help badly and that is the price he has to pay.
You've just shown you have NO IDEA what you're talking about!!! 3 DRAGONS on board???? Insane. Those 3 leeches are gonna SUCK THEM DRY!!!
That might not have worked
They would have said no. To much work needed. This only works when 70% of the work is done. His buisness wasn't even worth 100k.
After the show the deal fell apart because of concerns over equity dilution.
He got a better investment anyway.
What a sweet man, wish him the best
I almost thought he would said no, happy he accepted he will make money good niche to make money
From 3% to 45%. Never. Do not be desperate. I would take one investor only, no need to have 3 and offer 20%. that's is
Most dramatic turn around is on the bare naked foods pitch. It went from one of worst pitches ever to getting investment in 3 second turnaround.
Oh a “vegan washing powder” is exactly what I’ve been looking for….said no one ever.
I think you'll find there's a lot of people interested in that and it's growing. Even if people aren't interested in going into a vegan diet, they'll appreciate having less man-made chemicals in it, specially for baby stuff.
Tell me a Palm Oil surfactant is better for you and the environment, I dare you.
@@taranullius9221 palm oil isn’t animal products so is still vegan…nice try though.
@@Technicallyimright
Imagine saying this in full confidence not knowing what palm oil is and how it’s obtained, lmao.
@@Technicallyimright I'd definitely recommend a quick Google search about the environmental impacts of palm oil plantations before you say something like this 🤣
Peter @3:39 "do you have anything else to say? (before i destroy your business model by burning it to the ground
11:17 - Uncle T can't resist Sara's charm I would say. Also, really liked Sara's expression @11:21
I thought he wasn't gonna accept their offer for a moment but thank God he did cos that it was a good fair offer proposed to him
That was an embarrassing display by the Dragons, shaming and blaming him at every turn for their actions, on the one admonishing him for a crazy valuation while simultaneously giving him a predatory offer hand and demanding "respect" for behaving like a child and being the oldest Dragon there.
Everything wrong with the world on display right there…
How so? The guy is an inventor, his business was barely existent. He barges in with a valuation so sky-high it's barely worth discussing. His only idea of moving the business forward was to hire someone else to do it for him... Using Dragon's investment... By not by Dragons themselves so that they wouldn't have high equity. That's so backwards! Of course they are insulted by this and either insult him back or offer money for half his company - which is entirely reasonable (Touker literally says "you develop and we'll sell it). Deal was signed, company is still active. How are the Dragons in the wrong? Are you expecting them to pat him on the back for the effort? That's not how the business world operates
LOL 🤦♂
Couldn’t have put it better!!!! The irony!!!! Double standards
First impressions matter. When you come in with a high valuation that doesn't match your sales from the start, you can't expect the Dragons to pat him on the head and say "aww try again mate".
This is business, your good idea can be shut down if not presented well. Your feelings don't matter.
I thought he should have asked for them to go down to 10% each, that would have been great for him. Even if they didn't accept they would have probably gone down to 12% atleast.
I would even be happy to even give 25% each to 3 dragons. 25% of something VERY big is better than 70% of something small.
@@turiguliano416 idk if im misreading what u wrote but if u give away more than 50% of ur business u dont own it anymore, your not the biggest stakeholder. Thats why u never see offers on the den over 50% or even 45
@@turiguliano416 he was focussing far too much on the 3% to 40%. Rather than owning 100% of a 30k a year business, when he could own 60% of a global brand
The dragons ripped the poor guy off
The poor man got ripped off by the Capitalists.
Capalists = successful smart business people ☺️
Dude had 33K turnover for 3 years. No growth, not even mention of profit here. Coconut surfactants are everywhere. EVERYWHERE. I use them in most of my products.
Oh hey.. When did they add internet in the gulags?
Lol, watching a business channel and crying about capitalism... the peak of stupidity
Amazing episode ! Love the Dragons
Very few people have sales, marketing, branding and promotional capabilities. And this is why there are professionals to do this. So to employ such people is sensible. And you don't need to give away 45% of your business.
This has potential in the fitness markets to clean out dirty protein shakers too
3% to 39%, wow that’s brutal. I love this show and think these dragons are legit but boy sometimes they take too much advantage
He had a business with 30k turnover lol
LMAO.. he pitched a business worth ~50k and got an investment worth ~180K.. I think the Dragons were too generous in this case.
Another day, another crazy valuation vexed by Peter Jones... Dear me... 😵💫
That's actually disgusting, the Dragons robbed this guy.
predatory capitalists
@@lose8447 nothing wrong with capitalism. It’s just called greed
@@TheJohnCooperShow Quite right. Greed, or avarice, is one of the seven capital sins. I hope the Dragons enjoy their filthy lucre while they can, because without a major change in priorities, their eternal fate will be too horrible to contemplate.
Robbed him how? His 2.8mil valuation was crazy. The dragons are adding value to his company.
@@austinbux I agree. If the valuation was lower they would have taken a lower equity, like they basically said.
Dragons doing up daylight robbery
When it comes to actually signing the deal, either party can walk away. This is not shown on TV.
They bullied him. Should have gone with 10% each max and down to 7% when they get their money back after 12m
Proud while watching this. All up to my country Philippines! Salute Kabayan!
I Salute your country men to.
This is disgusting. Asking for that much equity, giving just 80k. The guy got ROBBED!
Such a lovely chap and i felt the dragons bullied him massively here.. Not good at all..
I wish him all the sucess in the world 👍💥
The British sharks are different. They form a cartel, and act offended if you try to negotiate a better deal. I wouldn't have taken even the second offer. It's business, make a counter offer. On the other hand, it is good to have three partners, if they can work well together.
Don't you mean Dragons?
8:18 bro that's YOUR job. You really expect a chemist to know the ins and outs of business? If he did you think he would be there?
8:52 what a shock. You can help him with a marketing plan? Wow who knew dragons were so capable?
Exactly, That is why he is in the den. He is a good chemist and poor salesman. They bring different skills to the table !!!
" I go next" -Deborah, sheesh
Brilliant! Puffed up, arrogant Peter dismissing him outright and oops...The other dragons didn't follow him, apart from sideshow Deborah, and engaged with the entrepreneur.
I mean, offering 3% is just ridiculous, whatever way you see it. The way I see it, it is like coming into someone's house for dinner and bringing an m&m to show your gratitude for having been invited for dinner.
Sideshow Deborah lmao 🤣
did this poor guy just give 39% of his business for 85k???? HE SHOULD HAVE ASKED MUCH MORE CAPITAL FOR THIS MUCH EQUITY............INSANE! THE TENDER IN HIM MADE HIM DO THIS GRAVE MISTAKE THAT HE WILL REGRET SOOO MUCH!
Nice to see they got a better sound guy
This guy came in asking for 3% and ends up selling 39% of his business, this shows the dragons made him doubt his own business
This guy did not have what it takes.
He is indeed an 'ideas' guy. Not a marketing, sales or finance guru. Completely different skillset.
1 Pound Sterling = 1.12 U.S. Dollar
Happy for him hope he makes it
Touker “I’m in the baby world” Suleyman!
They really got this guy.. I can’t believe he did this.. So took advantage of him.. for way to much.. omg
Tej is a nice guy n he knows business.
3:48 Oooh Peter was naughty! 🤣🤣
They milked this poor guy. They know he's onto something, they were looking for ways to dig more fingers into the pie. I feel really sorry for him.
At the start I would have bet he won’t get a deal. I really like the guy. Amazing lad
Why the heck does Peter have to be so arrogant in almost every episode I watch . No justification whatsoever
because its show bussiness
They’re maybe told to exaggerate . I still feel bad for the poor guys going on tv
Thought he was gonna say no
How could you just take 45% of someone’s business they’ve built. So greedy
I don't see it that way.. he sold squat in 3 years... an idea is not a business, you need skills for that
I wonder how the company is doing now. Oh it's new series
Lovely young man ..I hope it goes well.
There's only one way he could have justified that 2.8 M valuation - just use a FLO singal :D
The dragons pulled his pants down and made him dance
Poor bloke got rinsed and now his company is in liquidation
They did him so dirty
Woow, Dragons did draw the the Ace this time.
Never liked Tej. For him to say you came in with an unrealistic valuation is no need to ask for 45%. He had fully developed products and a brand. He just needed help with distribution. 30% was much more fair.
I don't like how Peter Jones just turns his nose up straight away, but anyway he is the richest dude there.
Von seems like a down to earth guy though
Respect is earned Touka, not given
I’m so happy for him
I wonder what happened to this company?
They were just outride rude to him
Yea that deal is not gonna go through.
He should've gone to Dragon's Den after he secured the deal which would have cemented his valuation
They basically just robbed him.
The Golden Trio!!!
SO HAPPY FOR VON!!!❤❤❤
Answer to the headline: No.
Guy got his pants pulled down
Peter "valuation" Jones.
Crafty people ... They run him down for a mistake and make out out like there doing him a favour buy ripping him off making the poor fella feel like there helping him out by rinsing him... Shoulda gave them the fingers and left lol
absolutely insane that he agreed to that.
Why? He had no sales. He had ideas but zero idea how to convert it to market success. Just go rewatch exactly what Touker said to him straight after the deal was accepted. Look at what Sarah said about the negotiating. That says everything. The Dragons knew this guy was smart on inventing but he really needed someone who could convert that to a successful business. They added HUGE value and chances of success to the business.
45% was a bit on the high side, but, this guy is almost clueless when it comes to business. I think 45% was a deal.
*I'm abit confused. Usually Debra and Peter would still negotiate on the % of the business. Regardless of how low the person states their business is worth. I can't help but think it was just an excuse to say I'm Out because they don't like the product.*
It made 35k turnover in the third year. That's not even the profits yet. Even if you miraculously make half that into profit (normally you'll be lucky to have 10% of the turnover) then that makes it 17.5k profit split into investors.
If you owned 50% of that company, you get 8.75k a year for 85k investment. It would take you 10 years to get your money back if even that. That's putting your time and money in for basically 1/5 a normal wage job. The more you own of a company the more work you'd have to do because nobody else will do it other than the people who own the company.
You're better off putting that 85k in a time desposit. Probably get 3% and keep the 85k and 2.5k interest per year, which compounds every year and makes even more money for no work at all.
Facial expressions 😂😂🤣😂🤣😂
All the commenters about the high equity amount need to use their imagination! Three dragons have the potential to make the business 10, 20 or more times larger then he could ever do himself. It could be the difference between 100% of a million or 55% of 20 million+
A million over many years at the $33,000 turnover a year and that's not even profit.
Exactly and he did admit he's need to take on a marketing company but now he doesn't need to with the golden trio onboard. He just needs to do what he does best and they sell in.
very silly to believe that any dragon will make the business 20x larger. At the end of the day the entrepreneur will be doing all the work, I do not think any dragon will take on a full time job at his company
@@ArinzesProject seriously, these people are deluded lol
@@ArinzesProject You didn't really watch the video did you? Or at least paid very little attention to what was said. He quite clearly acknowledged being an inventor lacking business skills. He would not make anything of it on his own. In this case the dragons could make it infinitely larger compared to $0. But hey I'm sure you're a successful genius putting them all to shame.
Why is Peter Jones' face always intimidating?
I mean at least he redeemed himself
Barely
He was lucky. Going in there and offering 3% to these people is truly offensive. I am surprised any of them wanted to work with him. But it looks like the company is doing well.
I find it 'offensive' that they all just happened to want 45% of his bussiness
@@paralogical What you find offensive is irrelevant.
The name nimble already exists it's a payday loan company in Australia
@@Uvray look at you with your big words
@@misterk662 What's that got to do with it? There's also a bread called Nimble that was around since the 1970s.
Here, we're talking about Nimble, the company that makes baby cleaning products.
That’s not on they took advantage there. This guy is a genius inventor. I hope he does well and buys them out.
What from his 30k a year business lol
3% to 45% lol
I swear it's like these idiots offering 2-5 percent have no clue that by asking for a certain amount of money for a percentage, they're putting a value on their business.
Palm oil soup for lunch 👍
Love Touker!
Complaining about equity lmao. He did it to himself with that ridiculous valuation.
I think this young man is a real gentleman and I hope that they treat him well Peter is probably kicking himself in the back side for his arrogant manner….. I think Peter was unhappy he put the cart before the horse… maybe Peter should learn a little bit of humility and not act so high an mighty ….I’m so glad that this “Gentlemen” got the help he needed even though it was at a price …. I am so glad that sweet Sarah is involved… don’t get me wrong I like Peter and I love this show but once in a while he has to come down a peg or two…
Own 55% of something big or 100% of nothing.
Yh 3 percent isn't worth there partnership at all
How is this business doing today?
I was afraid he won't take the deal cuz what his valuation showed us that he's uneducated when it comes to the businesss side of it so if it was me with them asking 45% of the business, i would give it without thinking simply for 2 reasons :
- the first one I need mentors to get me straight and get me the business knowledge I need if i want to start an other business.
-Second reason : I already invent things so this is just me getting my feet wet in the business world, so with what i said when it comes to the need of mentorship so in the near future i'll be capable of running my business on the both sides, so i wish him luck
Could have said 10% each after paying everyone back within 12 months. The guy froze. Or ask for more money.
How can Hancock even be in employment after what he has done?
The company is now worth 5 bananas.