Unbelievable Turnaround for Entrepreneur’s "OUTRAGEOUS" Valuation | Dragons’ Den
ฝัง
- เผยแพร่เมื่อ 25 ส.ค. 2024
- Michael Pritchard MBE's invention allows for every last drop of liquid to be used in multi-directional household product sprays, he's seeking an investment of £125,000 in return for a 5% equity stake in Anyway Spray.
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 #AnywaySpray #ExtraordinaryTurnaround
![[TH] VALORANT Champions Seoul - Grand Final - EDG vs TH](http://i.ytimg.com/vi/WvObMc9VelI/mqdefault.jpg)
He squeezed every last drop out of that negotiation.
That's why he handed them those tubes
@@Baph839 What did he do 🤔
More like, sprayed every drop out!
It was good that he did not bottle it.
Evan is that you?
Damn that guy had balls of steel, congrats
"If I make a call to Procter and Gamble, they won't listen to me, but they'll listen to you!" Screw the bottles---I want to invest into his negotiating skills.
...and also the strongest possible counter to them dropping their equity demand.
He’s so calm and prepared and great negotiating at the end there
yeah the guy nailed it. it was quite impressive how he handled it. seemed in control all the time. the invention also seems quite impressive
I definitely agree
I agree. One of the best pitches and negotiators on the show.
Yup...and extremely persuasive
Massive balls on that guy. Great to see some people coming to the Den, calm and collected. :)
The deal ended up falling through but now Tesco is selling these in their cleaning products and he got an MBE in 2013 for his invention 👍
People in the comments will hate this ,they seem to like people failing
happy for the dude
Disgusting . He invented it . Britain is constantly doing this to it's inventors .. the jet engine..the binary computer .
@@lunarmystic9896 what
@@WittyMick03
Frank Whittle
Alan Turing
Great to see he wasn't intimidated by the Dragons and is doing so well now, he was brilliant
Did the deal go through?
@@Mogamishu from some of the other comments it didn't, but he's in a deal with Tescos and making a fortube
@@johnmchugh4655 Why would he make a fortube? What is even a fortube? Is that his new invention?
@@johnmchugh4655 That is actually quite good, made me laugh anyway.
@@johnmchugh4655 every deal on den almost never goes through or gets a deal from Tesco 9/10 times lol.
SPOILER (Edit: you can stop crying now)
He went from 40% to 20% on his negotiation. That is stunning, especially against the likes of Peter and Theo.
Not only that but he pulled back Jones as he was about to declare himself out! Persuading someone that stubborn and self-righteous takes some serious skill.
Thanks for spoiling that for us.
Merry Christmas
Yeah but it's always a good deal for the dragons because they try to lowball the entrepreneurs everytime so when it looks like the entrepreneurs have got a good deal the reality is they've just got a fair one for a change lol
@@garvey2510 why would you look at the comments before the video? 😂
Yes fantastic work!
Usually I enjoy watching overconfident and underprepared pitchers get destroyed by the dragons, but this guy played them like a fiddle. Absolute legend.
He played them all quite nicely because he knew exactly what he was doing before he walked in there : well done
The deal fell through ultimately, but he landed a huge deal with Tesco so that they'll use the tube in some of their products. That is huge.
Awesome
Not that huge, 10Million units at a penny a pop is only £100k. That doesn't even cover the patent.
how did you find out
@@jasonsin8288 he made it up
@@Avean I mean he may not have made it up but you can't ever use daily mail as a source lol
I've gone through so much sanitising spray because of COVID. I drive a taxi and have gone through numerous spray bottles, and there is always that little bit left that just cannot be used! This really does solve that problem!!
So did you buy the product to solve your problem ?
@@originalunoriginal4055 I doubt it.
I just pour it into the next bottle. Problem solved. If it's an aerosol and that runs out of gas, i just drill two holes in top and pour it into s regular spray bottle. Works fine for me xD
This guy is a gem! His pitch was silk smooth
yes baby
Probably the best and most self-confident pitch I’ve seen so far on Dragons Den.
Love this guy. Confident but understands how to negotiate a "weaker" position without losing his strength. How to quickly read the room and adapt accordingly in seconds.
I love it.
Could have sworn it was Evan coming up the stairs.
No earrings.
Mark Strong.
Same I thought he was bringing dragon's sanatizers
Stopped watching Dragons Den clips for months. I just relapsed. Hello again, everyone
Hello animation looking man
@@chilli-iceolive-abode2447 hello there
Same
Welcome back
SAME
For a minute I thought he is not gonna make a deal but he is a master negotiator well done
The deal never went through.
@@Kris_Aalst but he won in the den so
That negotiating was incredible
He offered money back
Guarantee though so it took away all the risk for dragons
I have this problem trying to spray my back with aloe vera after going to the beach plus he's helping the environment. Great product.
Dragon's knew it was a good invention but wanted to suck him on equity, hence the punt and gamble rhetoric. They wanted him to cave but he showed them back and ultimately they caved.
He's arrogant ! He needs to shut up!
And it was never successful!
You mean Proctor and Gamble?
@@karenspeidel1901 Yes it was,get your facts straight
@@karenspeidel1901 Karen Karen Karen. He cleaned up with Tesco. Suck it.
Considering the dragons & the risk of the business, that's one of the best negotiations I've ever seen on DD!
The deal fell through tho
@@jimmyneutron129 Has he become rich?
It's so annoying when you have to jiggle around those bottles to make it spray so a neat little gizmo
11:24 One of the best comebacks a contestant has ever had to a dragon in my opinion. The perfect balance between confident but not cocky / arrogant, soft tone which makes him seem open and Theo’s reaction at 11:33-34 shows that he knows he’s right.
I’d be willing to bet Pritchard came in willing to accept 20%, used the money-back guarantee (which he was probably also ok with) to get the dragons to half their equity demands. All-round masterclass
Longest "thug life" video i have ever seen.
Hahaha underrated
Theo: the bit that i'm uncomfortable about is why the manufactures out there haven't taken your arm off.. it's not normal!
Michael: the difference is you go on the phone to the CEO of procter and gamble, he's going to take your call, he's not going to take mine.
Theo: Speechless!
as successful and intelligent as the dragons are, they do talk some rubbish at times and forget that CEOs of major companies won't talk to unknowns.
@@TheGearsofwar2010 what about trade shows? Big companies often go to them and scour for new stuff.
And what makes this dude think the CEO of Proctor and Gamble will even entertain Theo the feutus
James is the only dragon that never gets interrupted. His class, knowledge and presentation is pure class.
His class is pure class?
@@BenjaminGoose yeah. unadulterated class
lol. He's a snake!
Best guy ever on the show.
Thermaskirt guy was good
What about the shower head girl 😂😂😂
Levi Roots?
@@TheDimeDrawer different type of good, one was all about product the other, brand. levi was just his brand personifed from the moment he came up the stairs, great personality, really likeable and not a business man just great reggae sauce and a man playing his guitar to rootsy reggae music. it really was a one off where everything came together, thats why creating a strong brand image is so important in consumer marketing and sales. I LOVE levi thats why i buy his sauce and a that price point its mainstream so it "does what it says on the tin". So people fell in love with the brand not so much the product - Levi even had the most amazing name (or pseudonym keith!). But the spray guy (who has perfetly dull name) is the genius inventor who makes very functional products for detergents, hardly sexy but so mass market that 1p per bottle will make him a billioanire overnight. He as no brand effectively as it purely about licenseable technology. So in a nutshell, one is the greatest brand deal on DD and the other could turn out to be the greatest product on DD if it goes worldwide. Dont mention it
2:00 Haha with the way he said 'drop' he expected them to start clapping.
he presents almost as if he's some sort of magician, highly entertaining stuff!
I see, Putin doing his side hustle
Mark Strong.
I thought Bezos
Jasper Carrot
Putin mixed with woody harrelson
This is the same guy that made the Lifesaver Bottle btw, an incredible invention he won an MBE for.
shame he didnt make much money
@@jfluffydog2110 He did, he’s worth a few million. 3+ million I’d say.
whats an mbe
It's an award usually given by the queen for exceptional public service. I think it stands for member of the british empire. There are also obe and cbe awards which are officer and commander. David Attenborough has a cbe.
This company exploded. GOt a deal with Tesco worth tens of millions now. Fair play he seemed sure and was correct
He was already a millionaire before this in the beverage and oil exploration industry..
@@bryanking5358 I thought so - you could really tell he knew his stuff and he knew how to cut a deal
Not saying that it isn't true. But I am saying that many years after this aired, I still haven't seen his invention in any spray in any store.
@@Kris_Aalst I've seen a bunch of comments saying he's in Tesco now. It's one of those products that you might not notice until someone points it out
A masterclass in being calm, prepared and standing firm for what you believe in
this entrepreneur is going to succeed, is astound, smart, has very clear thinking and has a pleasant personality. I think is a great combination to become successful.
This guy has to be one of the best negotiators in Den history, I honestly thought he was going to blow it.
FOUR ad breaks in a 14 minute video, looks like the next step is an entry in the Guinness Book of Annoying Records!!!
Use brave browser
Good and bad things happened after this 2009 show: the investment never happened, apparently due to a disagreement over the direction of the company. In 2017 Tesco put this device into its own brand trigger spray bottles. The company is still active and its website offers the device for use in perfume bottles, sprays and aerosols without VOC propellants. Mr Pritchard succeeded but would he have got there faster with the two dragons? We'll never know.
No, The other 2 dragons were blood sucking mosquitoes 🙏
5:40 "Michael's confidence takes a knock .. as the dragon's expose the flaws in his business". WTF. They just said "have you got a patent" and then nitpicked when he said "I've applied in 47 countries it's not come through yet".
Totally agree!
Deal didn't go through. Company worth 90 million pounds.
Intresting!!
Not true, mate. The google search result you're talking about is about the guy from pro gains. The evolved dragon, remember? xD
www.birminghammail.co.uk/news/showbiz-tv/dragons-den-reject-worth-90m-13806991
This one?
This guy is a tough negotiator. The other fools pulled out to soon. They should have listened to what he had to say about disposing the cans
Well, to be fair, he should have led with that anyway. It wasn't until multiple people complained about the extra cost that he even mentioned that. Every one of the Dragons thought the product was going to cost the manufacturer more money, when in fact many manufacturers would save even more money.
@@billsmith8825 true
@@billsmith8825 Not sure though. Think it helped him to keep it up his sleeve for the negotiation. He managed to price disposal at the negotiation stage or just before, so I think that helped him.
I thought that was Evan walking up the stairs 🤣
@techno vikernes that well-known expletive. Evan Sabove.
Yep, me too.
That would be the end of dragons den
@techno vikernes Commentator.
Mark Strong.
Pretty straight forward pitch and he stood by his invention in a great manner. And in the end, his negotiations were so strong not being scared by the eliteness of the dragons.
Calm, composed & cheering after that master negotiation 💪
Impressive. He must already be successful and experienced.
I would do Debra in the a holllley
@@thealien_ali3382 🤣
He's a very smart guy indeed. Said nothing of his background but his pitch, and refusal to be undermined by the Dragons, suggested a business brain to match theirs.
One of the best episodes I be seen in terms of a really great example of how negotiations should be conducted, positively within business.
His demonstration at the beginning of the pitch is captivating. I could listen to him all day long without break.
Confident experienced guy knows his onions answers straight forward questions and also negotiates well at the end...this guy is probably up there in terms of a dragons dream for a pitch and entrepreneur...very well done.
My favourite part was when the pitch left theo per fetus perplexed
Theo was like "what mad sorcery is this?"
Nice pitch, great negotiation & a superb disposition. What a guy!
Happy Holidays to you all, may you all have a wonderful Christmas after this horrible year we’ve had. I wish you and your families good health and a wonderful 2021. Well done for making it through 2020.
Just remember folks the gov still owes working 1600 working people for the homes the have seized. The are still burying animals alive as I type but the gagging orders means it doesnt get to main stream media..
Cheers hun 👍🏼
Bless
“No business is s guarantee”. Loved that .
great negotiator that guy. thought at the start he was never gonna get an offer. great turnaround,
These inventers don't realise that manufacturers don't want to add more things to revolutionise there stuff they don't care if you can't get the last drop out of a bottle you paid full price for
You're wrong. If your product has this feature and your rivals don't, this is an interesting innovation for your company.
@@john8606 but nobody is gonna buy a special spray tube to add costs to production to something that already sells, people stick to the brands they use already
@@ImTheScottMann ok so tell that to Tesco and get this guy's 90 million dollar deal retracted
@@Tok_Models aight you let me know when you get a bottle with this guys design,
I love this invention, I can't even express how annoying this problem is and have thought this for years so for Mr Khan to say he does not see where there is a problem here says a lot about being stinking rich lol.
The balls on this guy, and it paid off. From 40% equity down to 20%. Damn, I know this show is edited down but I'd really like to hear the full convo to see how he negotiated the equity down.
Thought it was the host coming up the stairs for a second
So if she understood how the patent system works why ask him!
That is a brilliant invention. I would have sold my house to get a share in that company.
What a brilliant persuasive guy! Cool calm and clever.
Wow, great negotiation skills, great product. This was a fantastic episode.
7:58 That's such faulty logic... "If they thought it was really a problem they would've done something about it". This is the guy doing something about it! If you use this logic on everything we'd never invent anything new because "someone would've done something about it".
He was so calm under pressure. Wonderful to see
Michael Pritchard was amazing. Very sharp with his responses.
Spray a little prayer for him !
Wow I applaud this guy! 👏 Kept calm and gave some great responses.
Don't know if it was just his slick salesmanship and negotiating skills but did I just witness the most impressive pitch, useful product and successful investment in the history of DD?
Go see the mark champkins one
probably the best product on here.. stood his ground, well done
*This Entrepreneur knows his $HIT 👍🏻!*
Sometimes these dragons lack practical knowledge! This is a really common problem.
Well they are rich. They have servants to spray it around. How will they even know? I doubt they have even used it even once. 😂
I think what the dragons were trying to say is that "if it were needed, it would have been made by now." But it is quite the clever little product, and perhaps some things don't always take off, simply because there isn't a famous dragon on board yet to get the manufacturers excited. I suppose it requires more than just any random person to motivate a manufacturer these days, regardless of how beneficial it is to make exist
I absolutely loved the idea of this simple product.
Yes that problem has annoyed me for years. It was a cool calm pitch!
He knows how to pitch when to pitch and what to pitch
Read in another comment the deal fell through but he did bloody well to get them down to 10% each with no secured patent and nothing really by way of revenue.
Of all the jobs out there, imagine being a aerosol trigger dip tube salesman. LOL
Yeah, I mean he is just a multi-millionaire now - what a loser LOL
@@aartadventure He also got an MBE, tsk tsk tsk lets all point at him and laugh for being a aerosol trigger dip tube salesman. :D
11:35 first time a dragon had no comeback
*new music piece activated*
This guy had a speech skill level of 100
For a few seconds there I thought Evan was going up to clean the Den 😂
3 days without an upload I've been suffering
Me too. Takes the fun out of lunch!
So jealous i didn't think of this, i use one almost everyday at work.
Ok here is how I would have helped this guy: talk about the environmental impact!!! If we could use 100% of our products instead of it being stuck in the bottle, it means we buy less, less trucks delivering stuff, less manufacturing, that tiny percentage, can add up really quickly to less pollution.
This guy's invention should be mandatory by 2030.
Why do you think the Dragons dropped out. Without forced regulation, the companies want inefficient wasteful products do you have to buy more. These games go on in many industries, and they didnt openly say it but they hinted. Even Deborah who likes environmental friendly products knows it's too niche for the big companies who want repeat sales. But the aerosol tech was a different story.
The problem here is that he might very well get the patent on his "anyway tube", but he doesn't have a patent on any other solution that competitors may come up with to solve the same problem.
That’s the art of pure sales negotiation he overcome there objections....he must have practiced his pitch and rehearsed it a few times.
Great to watch alit learne from this....
I think he underestimates the fact that manufacturers DON'T WANT you to use every drip, because that delays the time before you have to buy a replacement. They want you to waste product.
He has been a bit salty since getting fired from the Crystal Maze.
And being defeated by Shazam.
@@anubusx Lol!
Getting David Brent post-Office vibes from this guy...
He is halfway there. His name is “Michael”.
Mark Strong.
yes, his delivery is good, so I can see why he'd give you Post Office vibes.
This fella literally played those dragons at their own game. I think the dragons knew that he wasn't gonna be intimidated by them & was a very confident individual that made a great product. I thought he negotiated very well.
This is absolutely ridiculous. Who cares if a little bit in a bottle is wasted
If he came up with somethig that was better than the original in every way without much cost difference then it's pretty significant - everyone in the world uses spray bottles etc, why shouldn't they work better?
LOL its hardly a life changing invention
@@Farquad76.547 cringe
Ye who cares, so why don't you throw away a bottle of water with a small bit left in it
Or if you go shopping with £100 why don't you throw away the last 5 pound, who cares if a small bit of the money is wasted
I mean, they must really have liked it if they were willing to drop down. And fair play to him for bagging the better deal.
*Starts eating. Opens TH-cam*
Dragon's Den video: "Allow me to introduce myself"
great product for the environment, great neash, and good negotioating skills, probably one of the bests I have seen on this, he kept it calm and factual.
Neash lol
@@markchinguz4401 niche, i hope spotting my mistake writing in another language made your miserable day better! ;)
Strongest negotiation skill of an entrepreneur I have ever seen
A funny observation - The inventor and James have almost the exact same voice, the inventor just talks way way faster.
The problem with this show is they don't follow up on the deals. If the producer were to ask me to invest in a T.V show about making deals, which is a narrative with a plot, I would ask them if you finish the story with a follow up EVERY TIME a deal is made.
They would answer no, and I would say "I'm OUT". A story with no ending,rubbish.
That is some of the best negotiating I have ever seen in the den!!!
I seen this one twice now and funny thing is that I'm in Canada and I recently bought a product that literally had exactly that same function and purpose,did this product get pushed out that fast already and make it to Canada and into bottles at stores? If so I'm amazed!
what is Canada?
Calm and collected, and a quality negotiation. Fairplay and good luck to him
The guy is not only had genius idea, but has superb business skills.
The idea of using compressed air instead of chemicals is not new. Around 30 years ago an engineer tried for years to develop revoloutionary sprayheads to make all products use air instead of noxious gases. Alas it failed.
Michael Pritchard's brilliant idea works not only for getting every last drop from containers but replacing harmful chemicals with air, so he thoroughly deserved the MBE he gained for making the planet a less destructive place for all life on earth.
The dragons knew this was a brilliant business and all agreed to downplay it to get more equity
Wow one of the best negotiations i have seen on DD 😉👏👏 love this guy, he is so calm & cool..Great negotiator & chuffed to bits he got a deal 💛 x