Entrepreneur Snatches Their Attention When They Discover His SECOND Business! | Dragons' Den
ฝัง
- เผยแพร่เมื่อ 19 ก.ย. 2024
- Steve Ransom pitches his 'Brighter Bikes' brand, enabling cyclists to maximize their road safety with the invention of helmet and handlebar indicator lights - he's seeking a £90,000 investment in return for a 20% equity stake but Dragons want a piece of his sister company too...
Season 16, Episode 7.
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 #BrighterBikes #NonExistent
Oh dear. The look on Jenny’s face once she realised she had gone out too early, instead of just going out 😂
well, she was there to invest 20K and make millions, this is all nonsense to her, so for that reason she is always out. Classic pump'n'dumb investor.
She lacks so much but it does add to the show's comedic value.
She meant to go out - but she went out out.
‘I’m declaring myself back in. And for that reason I’m out.’
🤣🤣🤣
Touker in this episode: "I'll have 10% of your main business and 40% of your new business."
Touker in other episodes: "You've made it too complicated. I'm out."
in fact ill have 5% of your main buisness 2.5% of your collateral but with deductions then 40% of the new buisness and another 1% in your childs school fund
nvm im out
Being that he's the retail guy, that was the best offer
funny what happens when a company is already making near half a million a year...
He should have went with Touker , he has a business involving bikes right? That's why they said they didn't think they were gonna get it !
So true
“Legislation is the issue”... he has a 1.3 million turnover business... “legislation is the driver”
granted but i was still disappointed; the man could have easily stated 80% of the bicycle market is second hand who would be prime market for this. in either case it would be possible; his main issue is production and sales price.
Jon Davies thankyou
but that was a different person that said that so you're comment makes no sense
Tom it’s more that the tone of the pitch changes when they find out he’s made money before... it’s also a joke 👀
Legislation is years away - if ever, i don't see it on the agenda in the next 5.. Not if you want to actually advance green mobility - how you gonna make production more expensive with legislation.. Morons, these dragons, they are lowballing
"Hey dragons, im offering 1% of my business called "I'm out" "
Jenny: Im in.
Wow. So original... Not.
😅🤣😂🤣😂😅
Hahahahahahaha
Tuca: I'll make you a fair deal. I want only 10% of your main business, but I want 100% of your other and I want 50% of that suit you're wearing. No wait. You looked at me funny. I'm out
Lol ..he acted so insecure
He goes out faster than Jenny when he feels the least bit insulted.
He was so butthurt. Amazing that after years of developing successful business he's still that insecure and immature.
@Stay Classy No one cares
@Stay Classy Exactly, no one cares.
"So what are you predicting you'll sell in year one with my investment?"
Oh Jenny, you're such a troll.
Stand up comedian
Lol she so pretentious we know you won't invest jenny
Came here to say exactly the same thing 😂
Sneaky jenny trying the old carrot on a string trick.
Thanks for saving me the effort to type this same joke!xx
I saw this after I commented lol Shes trolling hardbody
Jenny: and are you a millionaire now?
Guy: no not yet
Jenny: yea me neither, so im out
she is
@@prashantgarg9570 its this thing called a joke
Thank you, I had a really good laugh 😂
Haha
00:27 the point when Jenny realises she’s out
Crying 😂😂😂😂
I thought she farted when she made that face..
Hahahaha
ha ha so fecking funny
Dahhhling 😂😂😂😂😂
*Jenny:* I'm out
*Inventor:* Hello all, I'm looking for an investment in my company.
Nailed it lol
Dragons: you have no business, the legislatures will screw you over, everyone is gonna copy it, and..
Entrepreneur: I own a 2nd business with a million in assets and Turns over 140k net profit
Dragons: we really like this product, I think we have a opportunity here...
Yeah the change threw me off
It makes sense. It shows that he *can* run a relatively successful business.
@@connoc5078 he may know how to run a business but the dragons praising the product after dissing it prior to his revelation is just ridiculous, they should have just stuck with praises for his business acumen rather than praising the product as well, it's just obvious that they wanted that investment
Somebody's is getting milked
Nothing new, I have a handlebar indication system, Bluetooth to a larger led unit so brighter that I paid £10 for last year!
This man is probably the most gentle, kindest, honest, well mannered man I have ever seen on TV......I felt sorry for him when they took advantage of his well established company and he just accepted. God bless him
I have a feeling he knew they would be on the fence about the bike product, so he bragged about the other bussiness hoping they'd offer but not be 'too greedy'
He made a smart decision by giving 15% ownership to two successful investors with a track record of success while retaining 75% of the business.
Entrepreneur: The business doesn’t exist
Touker: I have some office space for you
Jenny's money doesn't exist.
The Jazz King I’m out
Love it when he offers real estate
It's called We Work
This guy is one of the nicest pitchers ever on the Den. Top bloke, I wish him all the success.
Debra gave some good advice when she stopped the entrepreneur from further engaging Touka as he was already out and not worth spending another minute trying to explain why he wasn't a good match.
Yeah.. seemed the guy came off as super flaky.
@Rey1 i mean if you watched the video you would know, also, do you need to be spoonfed everything?
You misspelled both of their names
Yes,exactly.
"you have a good nose"
Cam zooms on taj
Sandy Husacek too much 😤
😱
lmao
Timestamp?
8:40 ish
Jenny: "I'm out"
Punter:"I haven't even said Hello yet!"
nice
Jenny doesn’t even ask anything about the product, just using fancy words she practiced in the mirror to indicate she’s out.
I feel sorry for you if you think those are "fancy words".
@@callum9999 when is it?
@@callum9999 Unfortunately not everyone can have such an astounding intelligence as you.
@@harbinger6028 I feel doubly sorry for you if you think you need astounding intelligence.
@@callum9999 Thank you, I can see you're a person of great wisdom. Always a pleasure to have a conversation with someone as well versed in the English language as yourself.
Why is Touker even on the show anymore?
He is always the first one to check out the products. He takes the lead in doing that. Generally is nice to the pitchers and supports them, makes an offer and gets rejected🤣🤣
He'd make a fortune pitching his product to BMW drivers!
jegun BMW drivers wouldn’t know what to do with them however. 😂
@@Colman91 maybe if he showed them by using crayons and glitter they may get the main idea?
Maybe, but they'd never use them.
Every bmw dtiver ever: whats an indicator?
Belter 😂
8:43 The look on Tej's face when he realises he's made a BIG mistake!!
Just noticed the scar on Tej's nose also.
Tej is known as *'Scar nose'* and when it comes to business, he's hard nosed.......
_"You wanna play rough?? Okay, I play with you! My offer is this: nothing for 100% of your business."_
**
_"Say hello to my li'l friend!!"_
**
@@hmartinspliff that's quite the imagination you've got there
00piper18000 the godfather part 2 buddy. It’s Michael corleones line to the senator.
@@Johnny3voltz what???
Touker making out like he binned him off first 😂😂😂
Kirsten Bennett yep!
“🤬I’m leaving and I’m taking my toys with me!” stomps foot, crosses arms, and pouts
Touker is fantastic. He totally has changed Dragons Den, doing and offering things that no other dragon had done before.
Like office space?
@@RTG1031 lol
@@RTG1031 don't forget touker time
But now he's threatened and gets grumpy with the new Dragon lol
@@talhacreates4944 and he doesn’t get taken up on either much
Peter and Deborah acutally pulled out of the deal. They did all the due diligence on the already existing business and everything was great, the numbers were great, but they felt like they took advantage of him, taking 15% of his well established business and doing nothing for it. So he got his 15% back.
Is this actually true?
That's a nice move of them. I felt like they were taking advantage of him the whole time, for that very reason.
I was just going to comment... Why would anyone sell their business for 1,5x their annual PROFIT???
Good to hear that... It made absolutely no sense. Go in selling your start-up valued at 450 then end up sell your business with a 1m+ turnover valued at 600?? What?
Wow I'm impressed with their integrity.
13:52... best part of this clip . When Tej looked over at Touker practically laughing at him ... brilliant
Touker brought up the idea of investing in the other business and he lost out.
I don't think he was laughing. He literally just smiled in a heavily edited programme lol
I don't think they care about his bike idea, they just wanted a piece of his lucrative other business.
I feel every person that goes into the Den already knows Jenny "I'm out" will be out and that's why they smile when she says the words. They go in there knowing there are four dragons to pitch to and no more, when Jenny is there.
Jenny is the dragon with no deals🤣
Why have I become addicted to this?! It's always late at night I binge these and have a right crease 😂
Mate this is so relatable hahaha
These dragons are hilarious 😂 Trying to get involved after he talked about his other business 🐍🐍🐍🐍
There’s nothing snakey about it, they’re making a financial investment and loss less if they include a portion of the company that makes money. Is it snakey or greedy to want a good deal? He could have said no
How is it snakey? It's literally how business works... It's not a community centre, they aren't there to make friends
@@user-sx7ur6ut5s Absolutely snakey. This is not how business works. This is a tv show and the participant is at a distinct disadvantage. You would never gather multiple parties in such talks into the same room, answer their questions and then give an answer on the fly in a true business scenario. If you think this is how mergers, acquisitions or divestitures are done in real life, unfortunately you are mistaken.
Having said that this guy made a horrible deal - 15 percent of 400k profit is nearly half the investment...lol that's just on 1 years profit, not taking into account the assets etc...
Sharks!!!
Poor Touker...he was the one who suggested including the main business but didn't get the deal in the end.
Yeah, he asked most of the pertinent questions.
He should have let the other dragons declare themselve out. And the suggested it, I can't believe he made that mistake.
Asking great, relevant, questions and conniving against the others is two separate skill sets.
10% plus 40% is just greedy
as if ole peter wouldnt have asked that exact same quesion - he's the king of robbing people of their already successful business
90k for 15% of a business that makes 400k a year in profit is a bold offer to say the least
Hmm yes the contract print would be so bold the page would be black.
Entrepreneur: The business doesn’t exist.
Jenny: And for that reason I’m IN!
Jenny - “good product, for that reason I’m out, but ask touker for free office space”
00:00 Jenny’s out
I can't think of any Jenny jokes, and for that reason: I'm out.
🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄😴😴😴😴😴😴😴😴😴😴
😅😅
I was looking at how rich the dragons are: Jenny is not even mentioned! Mr. Global Peter Jones is of course the richest dragon 🐉 and shark 🦈 in Europe 🇬🇧 and the 🌎 the second is Mark Cuban 🇺🇸
Hahahahah
@@roldanelvis2449 mark is approx 4.5 times richer than Peter. Also, there is a British shark who is 30 crores richer than mark.
Touker seems to always be that fun dragon who tries out every product.
Dracarys to you Touker
"cashpoint queen" lmaaaoooo
robbing cash points since the invention of ATMs
8:43 Debra: "I got a good nose" and cameraman focuses on Tej !
Yeah
I just want to point this out.
When you look up the net worth of the dragon's, you usually get a list. And in quite a few of those, Jenny doesn't even appear.
Apparently she was out when the writers went to do their research.
Well Done to the inventor. And seems like a lovely man
I actually felt really bad for Touker at the end there. He looked so sad and disappointed that he didn't get a deal.
Fair play to the dude, hope he becomes a millionaire!! Open, honest and seem like a great family guy
Guy made from his other business. 400k profit. He already is
Duh duh duh duh family guy
@@HK_Musician his son will be called stewe
@PV-pw8bf his business made 400k. There's an important separation.
Wow they mugged him right off
Pitcher: you can have my business for free.
Jenny: I'm out.
This has been on youtube for months. And for that reason
I'm still gonna watch it
After the pitch, Jenny messages him via eBay private message saying she’s out
Jenny: So what are you predicting you will sell in year one with my investment?
Steven: Given your provenance, I predict we will sell f*** all
Watching these can teach you a lot if you pay close attention
This is a great 👍 👌 schooling 🏫 👏.
Although it's many years since I've cycled, I do like that product. One of the things that can be troublesome is indicating with an arm out and braking simultaneously. Ity usually means that you can't brake in the way you might wish to and have to put the focus on rear OR front brake depending which way you wish to turn.
I’m genuinely surprised this isn’t a standard feature on most bikes now
There are many similar systems now, probably cheaper.
"I dont want you to feel that youve been taken advantage off so I only want 10% of your main business instead of 15%"
Oh you're such a samaritan Tuka. LOL!
After The Den
The deal broke down after the den and unlike most failed deals who are keen to continue riding on the coattails of the Dragon's despite the deal never happening, the owner of Brighter Bikes has documented his post den experience in a blog post.
“It’s November 2018 now and Peter and Deborah have since pulled out of the investment. At first, we were shell-shocked. Why did they pull out? All the due diligence was carried out with no issues. So, why the turnaround? There were two reasons it seems. Firstly the BrighterBike indicator was not going to be ready for sale by Nov 4th 2018 transmission date but we had explained this and the viable reasons why, and secondly, and we think the more fundamental reason; we were told the Dragons team had looked at the TrafficAngel equity share the Dragons had asked for in the Den and it was felt they had been given too good a deal out of TrafficAngel. Their £90,000 cash injection for 15% of the business undervalued the company and therefore it could be viewed that Peter and Deborah were taking advantage of an already established business in which they had also made nil contribution.”
That’s exactly what I thought. It looked like they were just undervaluing the main company. But I just decided they were jerks. I am happy I was wrong
If they are softies they could have just offered more money to soothe their consciences?
Touker: I'll offer you 0.23% of the money for 65% of the business, 78% of your house, 100% of your wife.
Entrepreneur: *coughs*
Touker: If you don't like the sound of a great offer well then I'm out
"How many units are you hoping to sell in year 1 with my money?" - Jenny.
"None, because you don't have any money." - Entrepreneur.
Jenny opens her notebook:
Jotes down:
"I'm out"
Camera shifts to Jenny closing her notebook.
"You've come in here, you've made a pitch... And for that reason I'm out." - Jenny Campbell
I get the feeling the dragons are playing around with pocket change for fun, they get a kick out of extracting as much value for at little as possible, like a poker player.
And they always want 30-50% of your business regardless of the return on their investment.
Jenny: I don’t know why I’m ever here, I’m out
Inventor: breathes a sigh of relief
After The Den - The deal broke down after the den and unlike most failed deals who are keen to continue riding on the coattails of the Dragon's despite the deal never happening, the owner of Brighter Bikes has documented his post den experience in a blog post.
“It’s November 2018 now and Peter and Deborah have since pulled out of the investment. At first, we were shell-shocked. Why did they pull out? All the due diligence was carried out with no issues. So, why the turnaround? There were two reasons it seems. Firstly the BrighterBike indicator was not going to be ready for sale by Nov 4th 2018 transmission date but we had explained this and the viable reasons why, and secondly, and we think the more fundamental reason; we were told the Dragons team had looked at the TrafficAngel equity share the Dragons had asked for in the Den and it was felt they had been given too good a deal out of TrafficAngel. Their £90,000 cash injection for 15% of the business undervalued the company and therefore it could be viewed that Peter and Deborah were taking advantage of an already established business in which they had also made nil contribution.”
Thanks for this, interesting read.
I paid 50 Pound for my normal bike helmet. I was looking for exactly something like this and would have had no problem paying 19 quid more. I know a lot of people who would prefer to have this helmet (parents for their kids, elderly cyclists etc). The bike culture in Germany, Scandinavia and the Netherlands is huge. What a shame no one invested in the helmet outright
Interesting.
I heard a while ago that the Dragons don't actually end up lending their expertise much to the contestants they invested in. Maybe it's just a rumour.
This dude has a couple of really good ideas. I hope he is doing well regardless.
@@SirCarl_XVIII I would guess this is the case. This is just a tv show in the end. Typically if you want someones expertise you hire them and pay them a salary. Giving equity to them while it provides incentive does not quite work the same way. There would be a tendency to sit back, knowing that they have a share in the business, given that the business is not there livelihood. You can't really do that if its your job - you can be fired.
@@donramanayake1505 I agree. In my opinion, no matter how attached you are to your fortune, the risk of losing a few thousand pounds will never be the same as losing your job. I don't understand how the word "risk" keeps being used as a justification for an investment when most of the time you will only risk quantities of money you could afford to lose in the first place.
In other words, they are not putting the same amount of skin in the game.
I loved how they didn’t even hear almost anything about the other business, 1.4M turnover and 390k net profit was an instant investment opportunity, and their evaluation of the business was only 600k with their offer
This is by far my absolute favorite. Absolute mad back and forth/ offers
Poor guy just had his pants pulled down! Walked out with a £600k valuation on a business that's turning over £1.4m and is about to launch a new patented product onto the market 🤦♂️
That’s why they withdrew their offer as the PR team felt exactly like you. They massively undervalued his company.
Turnover is vanity, profit is sanity
Deborah: "Personally, I think you made an excellent choice there."
Touker: *Shade Received*
His main business with a net profit of £395k probably had EBITDA of £500k. That is a very strong margin. His main business alone probably has an enterprise value of £5m so by offering up 15% for £90k the dragons bought in at a value of £300k I.e. less than 10% of the actual value of the company. If this deal went through, he’s been fleeced! :(
I was gonna say, Touker actually gave him the best deal: on a weighted average 40% of a company that has sold nothing so far has no impact on the 10% offered on the other business.
7:38 Why is Jenny still writing? She's already out 😂
Angus Parker she’s coming up with more excuses to be out
She's writing "I'm out, I'm out, I'm out" over and over again
Angus Parker actually she’s planning what to get at the shops for her tea. She’s ‘out’ of all her favourites
Probably spliced in from earlier in the episode. These are very deceptively edited.
@@TomorrowWeLive I know but don't ruin the illusion!
He gave them a huge equity for a business with a net profit of £385,000 year prior
True should have crowd funded on funding platfoms aimed at tax relief for investors.
4:15 "with my investment’. Cute.
As if there's any investment
😂👊
I had one of these on my bike in the late 70's.
inventor: I'm looking for an investment
jenny: i'm out
Such a bore your comment.
Michael Reilly at least it was one that I haven’t seen a hundred times on this channel
Women and humour just don't mix well at all !
Michael Reilly you didn’t have to reply 😂
So if a man posted it...would it be funny?
Theo The Foetus
Norman Reedus and Theo the Fetus
Steven: I have turned over 6 billion in the last month and I’m offering 99% of my business for a tenner.
Jenny: it’s not an investment for me I’m out.
Jenny: ''I'm a free woman and I can do whatever I want, therefore I'm allowed.''
"A letdown moment for Steven as the cashpoint queen punctures his hopes of investment...." Well it's not really is it... everyone that goes on Dragons Den expects her to be out....
if all bankers were this careful with money we wouldn't have recessions
They don’t because I’d assume this is all filmed before any of the episodes go out. So they don’t know Jenny’s track record as I don’t think she lasted more than two seasons?
Jenny: you are a great inventor and for that reason I'm out
When they say things like "You're a great inventor" but don't think this one is good, I'd like to see more negotiations on his potential future products. Because you know a guy like this will invent more things, or they could even point him at problems to resolve.
145£ is peanuts when you see how much money people put in bikes especially in place where there is a cycle to work scheme backed by the government.
Tej 'I want to know your background' Lelvani
Profilejc98 that s only query he has always
These are the pitches I love. It's fun to see weirdos or good-but-not-quite-there-yet-wish-you-all-the-best-I'm-out every now and then, but these serious businesses with solid pitches and interesting interactions between the dragons are why I like this programme
1:33 - The moment Jenny was out.
£149??? My bike isn't even worth that much
5:30 steve isn't even concerned. He knew what we all know about her.
Back in the late 50's/early 60's I bought an indicator thingy for my push bike, which was just a bar with an orange light each end which was fixed onto the seat post, with the switch on the handle bars for clicking left/right and center for off.
It wasn't that good as most motorists didn't see my indicating left/right, and some close shaves were had because I relied on that rather than sticking out an arm to indicate.....:)
Jenny is the type of person to wipe her arse after she’s had a dump, rinse the paper off and let it dry out over night to reuse again.
Ugh
Peter being nice and smiley when he wants something is kinda creepy 😬
"Miss Meaden" So you're saying theres a chance?
Conned the poor man who was very delighted to have them on board
Jenny: I don't go out on bikes, so for that reason, I'm out.
My bike is made by Whyte, front suspension is fox, rear is rokshock. Hears and brakes are Sram. Bike makers are no strangers to buying in text from other companies even on less expensive bikes, lots of the parts are third party. Initially price would be an issue, but, that's a production thing.
Debra is my favorite dragon by far i would luv to work with someone like her
Eeeew
@@bluesque9687 i agree
She's lovely
I feel like, as long as you don't get on her bad side and piss her off, she's really friendly and enthusiastic
Well that say alot about you,
To love a horrible person means you are horrible.
I like the helmet indicator idea but it needs to be more of an obvious design. Those are very small lights, and far too close together at the front, should be further apart, and in some sort of triangle arrow shape. Similar things for the bike itself, or on shirts, would be good.
All these Jenny jokes are getting old, so im out
Not funny, didnt fuckin laugh LOL XD LOOOL XD LOL
Are you a joke thief or do you just write the same few comments on every video?
“I’m here today asking for…”
Jenny - “can i just stop you there… I’m out”
This seems like he got conned. Should have at least tried to negotiate it down to 10-12 percent...
Elevator *going up*
Jenny: I'm out.
At one point Jenny realized she might have had to invest in two businesses, thank god she went out.
I have developed a very simple and inexpensive system, where you just reach out with your arm to indicate which way you are turning. Very easy to install on any bike.
Isn't 145 pounds too expensive for a bike indication system??
Not a cycling enthusiast here but surely this is not the norm right?
was waiting for them to point that out...
That’s because it’s manufactured in England however, they will most likely get it manufactured in China and reduce the price dramatically it won’t be successful at the price it’s at now. With the dragons on board they will sort this out for him.
No car can see those tiny lights. False security.
Ive bought something similar, that doesn't have the revolutionise indicators on both sides, but simple arrows on one side only, with front lights, break lights, indicators for 15 or 20£ - 5 years ago...
@@God61180 I agree that manufacturing in China is the logical way to go.
He made it like that none of the investors have dominant shares in his whole business. Well done ✅
Not even half way through the video and Jenny’s already out. Bloody hell.
I loved him doing a quick happy dance with a gigantic smile. Absolutely fantastic!
Happy for him
He gave away 15% of his main business for 90k that makes him 400k net profit a year. He got robbed by the dragons wow
Website still says "COMING IN 2019" :/
Link it
Olafs Osh shame
That is hilarious lmao
according to companies house they are still trading but no mention of the dragons so it must have fallen through
@@terry987654 I think most of them do. Deborah has said that once a programme airs the world is their oyster.