@@andymerrett I despise that about TV programs the first 5 minutes recaps last episodes 25 minute run time I won't watch live TV anymore because it agitates me I'm being watching I don't need to be reminded, might aswell watch the recaps and only waste 25 minutes for a season
michelin man said that his brand was green and then the dragon countered that a single server system would be far greener for roughly 50 users. for some reason michelin man didn't counter that by saying that they also have green servers and instead tried to do the math on using 7 monitors on one of his crappy desktop computers and still came up short in energy and obviously it's going to be like 10x-20x more expensive.
It wasn't necessary. The business value was already torn to shreds. Peter debunked his idea. The thing that really set them off was the guy telling them what he had was worth $5m and he had no way to back that up.
I think you mean an arse for a face as OP said. A face for an arse would be something completely different, especially when presented with the scenario of sitting down to use the toilet
10:15 This actually made me chuckle. The uploader just though "screw this, no ones going to want to listen to anymore of this guy" and just cuts the video right in the middle of the guys rant. :p
The way Duncan built up his hopes, not realising he was talking to the other Peter, and then smashed his dreams to pieces with "I've never heard so much rubbish in my life, I'm out" was spectacularly brutal lol I can imagine he had more than one whisky when he got back to his hotel room
5:05 Peter Jones was talking about connecting terminals using RS232 serial connections (lol! - no good for a GUI), which shows that he is well out of touch but was just blagging his technical knowledge to override Peter Hopton (which Duncan Bannatyne agreed with, as he knows fuck all about computers and evidently could not come up with any other reason to say that he was out too). Theo Whatshisname makes a much more valid point shortly afterwards.
The bones of what he's saying are right though. I mean, if you were that bothered about power consumption you'd just go fully thin-client using something like Citrix.
Yeah, Peter Jones knows everything about everything, and if you have a tech business, don't you dare presume to know more than him! The Very PC pitch was poor, but Peter Jones and that guy who runs Viglen for Alan Sugar are possessed of the same tendency that makes them want to show off their expertise and in the process disprove they have any.
Jason Gomez He waa just making a point that it's technically possible. The whole argument was unnecessary because how much power would a switch actually draw? Barely any.
He was very. If the guy had come over as an arrogant arsehole, then I would have said he deserved that, but he didn't. I bet he imagined it turning out slightly differently; DEBORAH: 'Let me tell you where I am. I like it.' DUNCAN: 'It's ridiculous and ludicrous that no-one has invested in you before now.' THEO: 'There's nothing I would like more than to invest a quarter of a million pounds of my children's inheritance in this- and Mrs P would agree with me.' PETER: 'I'm a gambling man, so I'm going to take a punt.' JAMES: 'Why don't we all throw in £50K and make this happen?!'
The problem was the high valuation resulting from a low equity and profit combination (thus valuation). It would have taken them forever to get their money back and make any profit. James Caan mentioned this.
"You were honest? So you told them this is an averagely crap business and there's no point in investing" Amazing, probably the most brilliant way of saying "I'm out" that's ever been done on the show
RS232 terminals? In the vmware era? Server with hundreds of RS ports and cables stretched across the building? Peter, 1990's called, they want you back.
SalemKid Right...Peter Jones knows about RS232 and I doubt he's done too badly with the ladies. Pussies that use the internet to anonymously insult people probably don't do so well though.
Duncan. There is something about that man. He just radiates power and know-how. He's one of those people that you just instantly, on first sight, has gotten enormous respect for. Love Theo as well, he's got great manners and knowledge, still you just wish to be his friend. I love all the dragons. Very impressive people.
If anyone is confused about what his company does it is building pcs from parts that you can get in a computer shop. He uses the least power consuming parts from each manufacturer to build his own pcs. The problem is that the pcs are slower and more expensive as they have to be built by hand. As for the software programmed into the machine, if it actually exists, it's basically forcing Power/Battery Saving mode as the default setting rather than Performance. There are a lot of videos online of people building their own pc like him. It's just that he uses the worst parts from every manufacturer instead of the best parts from every manufacturer and is trying to make money out of it rather than do it as a hobby.
As a PC tech myself he was insulting their intelligence by trying to use PC jargon to mislead them into believing it was something special, much less 5 million pounds. Further prodding had him revealing that it was no better than buying the parts off the shelf, putting it together and turning on the power saving feature, in fact it was MORE EXPENSIVE! I'll tell you it feels really good to see this guy get roasted, trying to pull off a stunt like that.
"Some PCs use as much as 200W" says the guy being watched on a TH-cam video on a PC with a 1000W power supply. I guess I am at the root of the problem here
Just because you have a 1000w PSU doesn't mean it draws that amount constantly. It means it can deliver that amount if your components demand it say in a heavy GPU and CPU load exercise like certain games. What matters is the efficiency of the power supply.
+ManicMindTrick Of course, I meant my comment to be ironic, but to be more specific: Average draw is around 300W. Max draw I've seen is 890w. 80+ platinum efficiency, so I assume that it's pretty efficient. But to be fair, this was uploaded 2008 so the technology is a little dated in the fast evolving industry.
+Janoy Cresva I highly doubt that anything more than the power supply was this man's design, if that. It is, and was, possible to make a low powered computer using power efficient parts that still proforms as well as it's more power hungry competitors. I haven't seen the whole presentation, but I assume this is no more than your average off-the-shelf rig with more power efficient parts sold at a premium. I have built such computers for people before.
That's what male pattern baldness does for you, it makes you look 20 years older than you are. He should shave his head completely, it makes a big difference.
All you need to understand is a valuation of 5 million for a company that made a net profit of 24k. Even if you believe his projections of 100k net profit the following year, you'll have ploughed in 250k and got 5k back. At that rate it would take 50 years to break even on investment. The pitcher either thinks they are incredibly stupid, or he hasn't considered his pitch at all.
Is that true? There was a report in the Mirror (for what that's worth - not very much I know) of a £1.5M turnover back in 2009, which gives no indication of profit except that surely it must be significantly lower.
The background song playing during the "technological battle of wits" would also be my choice of background song for a striptease performed by the very pc guy.
Narrator [cue edgy music]: "As the canny young entrepreneur shakes his booty and twirls his leggings around, a dramatic intervention from Duncan Bannatyne as the multi-millionaire tycoon throws a £50.00 note into the hat, upping Peter Jones' offer and sending a shock wave through the den. Will Deborah Meaden follow suit?"
"What's proprietary in your PC?" What the fuck, Theo. Not many PC manufacturers use proprietary parts. You could be asking Alienware or HP that same question.
Except AW or HP don't claim to have a fraction of the power consumption using exactly the same parts. Unless the guy had proprietary core components (impossible in today's market) his claims could not be true. Theo only exposed this blatant lie.
+dacorpsemak3r Lots of manufacturers probably do claim that. There are several modesl which use a fraction of the power compared to other models. Any machine with an Atom CPU and other less power hungry parts could said to be green. Cause they do use a lot less power than other machines.
BenRangel Sure Atoms use less power, but they deliver correspondingly worse performance as well. The guy claimed that his computers deliver similar performance, but with lower power consumption, which was simply not true.
Peter Jones proceeded to show off, and had a point, but I disagree that 1 server with 54 terminals is a viable replacement. It behaves differently, it is a different setup, and depending on the type workload, 54 power saving optimized PCs indeed may be more ecological/economical. Furthermore, even suggesting RS232 is, well, embarrassing, and shows me that Peter Jones is not up to date there. RS232 for dumb terminals is super old tech, and only suitable for super simple text-only terminals. That's because UART (the serial interface behind RS232) is VERY slow. The mere thought of driving terminals over UART that show a modern graphical user interface at resolutions 1080p is laughable. It would be an absolutely atrocious slideshow. Even if you let the terminals do the rendering locally (making them not strictly a "dumb" terminal), what are you going to transmit over UART? Files? Read-only boot image loaded from BIOS/UEFI? UART is still far too slow for that. If you talk about terminals, then use Ethernet at the very least. Where Peter Hopton truly doomed himself is for example demonstrated at 6:20, where he tried to BS his way through the tough questions. Good investors smell that crap a mile away, and when they detect it, you better have an amazing product behind all that BS, or you are out.
Ali Abbas cheaper and fucking stupid. That's like saying commodore 64s are cheaper than IBM's Power 8, so it's a good idea to build a server out of commodore 64s. RS232 is still used but it's certainly not as widespread anymore, because of things like Ethernet
@6:53 Peter's face is exactly like mine. Theo's question is dead on -- it's off the shelf parts, anyone can build that gear themselves. His parroting about being a revolutionary is a farce. Not to mention that a few years later the Raspberry Pi came out...
Yeah on average for a gaming PC Id say most people use 500-750 watt. Im using 1000 watt myself. Its definitely increased as hardware has gotten more powerful.
*sigh* He was only using RS232 as an EXAMPLE of something that's over 20 years old and was more environmentally-friendly than the stuff he was trying to sell them. From what I could gather from each of these exchanges, you could just buy the parts from PC World yourself, put them together and turn on the power saving feature, and it would be less expensive and more green than a VeryPC. Mind you, this was 10 years ago, and hopefully the company have learned and moved on a lot since this!
Why didn't he just sell the software? The tech side seems to be a wasteful extra. You could sell packages and subscriptions to people for future updates and versions. Plus little to no overheads, stock or stocking space. You could sell it to companies easily at a low and digestible cost!
I personally like that there are different styles in every "dragon den" show, I feel bad for the people with bad inventions but at the same time I find it hilarious on this show.
Valuation was completely absurd, that's what it comes down to. He should have asked for maybe £50,000 for a 25% share. Who the **** came up with the £5M valuation?!?! Presumably they were high on the same stuff the guy seems to be on at 0:12 !!!
The complete opposite. The technology he was talking about was obsolete by the time this aired. Its like saying use punch cards from the 1940s. Sure you could do it and it may use less electricity, but using millions of cards is not practical
Well, over a decade later and they seem to be running a small local computer systems installation firm. Apparently they're just profitable enough to stay in business... They don't claim they have world changing green tech anymore though, for some reason :-)
Ya'll can laugh all you want, Very PC is still ACTIVE and making crap loads of cash. I was very surprised to see amount of hate this 26 year old received in there by a bunch of bullies. Fair play to Peter for not giving up, and becoming a very wealthy man!
Bullies my ass. Whether they're wrong about its potential, fair enough. That doesn't mean they should have invested. Investment means you get what you expect back. You can't say that would have happened undesputedly.
This guy will make a big success some day,he was 26 hear,regardless of wether it was rubbish or not,he speaks well,conducted himself well,and has the balls to have a go,good luck to you peter Hopton
I think the main reason why the Dragons didn't invest in this guy (aside from the fact that his pitch honestly wasn't that great) was because the UK had a lot of small, independent PC manufacturers in the 1980s and 1990s, only for the likes of Dell, HP and Apple to come in and completely steamroller the independent manufacturers out of existence in the early-mid 2000s. He might have made a success out of it in the end, but there was no guarantee that the big manufacturers wouldn't have just copied his business model (which was essentially just sticking laptop parts in PC cases).
what he says he has simply isn't possible, he will have to use Intel or AMD chips, and it's not like they make special chips that are just as powerful but use way more power just for this one idiot... they use low power, low performance chips for PCs that are made to be energy efficient. Low power = low performance. Simple. Higher TDP in the same generation the faster it is.
This crappy business left the Den and turned over 1.5m in the following year these guys were just a bunch of bullies to the Very PC owner, and Peter the Plonker was a disgrace!
You know what, Very PC succeeded where eMachines failed, it's survived multiple consumer spending habit changes, multiple recessions and a pandemic. Fair play.
I just don't understand how it could be more greener than anything else on the market? He isn't making the components himself, he even says its just off the shelf stuff put in a cheap case. Some of the promises he made Apple don't even get and they manufacture there own hardware and software to try and give it the best energy ratings in the industry lol.
He got the valuation over, they are only off the shelf parts, so he's a builder not an OEM, but apart from that there's nothing here which explains why they were so very rude. My guess is he did or said something you can't see in this film and it pissed them all off. It's dominoes too. Peter started laying into him and the others just joined in. He's still in business, you can Google for them, and there's articles online saying he went on to £1,500,000 per year straight after this was filmed. Even if he isn't an OEM, there's nothing stopping the business specialising in low wattage components. I'm not usually charitable but in this case I don't see what the fuss was about that kicked off all the abuse.
They company is worth around £200,000 even all these years later. There's a big difference between turnover and net profit. He has done OK but only OK. The valuation he gave was completely mental. The money he asked for was far too much. None of them would have made any money on this investment. They knew it. He knew it. Plus when questioned, he actually had nothing to back up any of his claims and kept saying "you're buying into the brand". Well the brand is still not worth a huge amount so... they were right. Maybe a bit harsh on him for sure but they were definitely right to steer well clear of this.
Am I the only one who wanted to hear the ENTIRE tech debate between the two Peters?
M
@@andymerrett I despise that about TV programs the first 5 minutes recaps last episodes 25 minute run time I won't watch live TV anymore because it agitates me I'm being watching I don't need to be reminded, might aswell watch the recaps and only waste 25 minutes for a season
michelin man said that his brand was green and then the dragon countered that a single server system would be far greener for roughly 50 users. for some reason michelin man didn't counter that by saying that they also have green servers and instead tried to do the math on using 7 monitors on one of his crappy desktop computers and still came up short in energy and obviously it's going to be like 10x-20x more expensive.
It wasn't necessary. The business value was already torn to shreds. Peter debunked his idea. The thing that really set them off was the guy telling them what he had was worth $5m and he had no way to back that up.
@@andymerrett If some clueless twat tried to get £250000 out of me without having any idea what he's talking about I'd humiliate the prick too.
"Look into my eyes, look into my eyes, not around the eyes, look into my eyes" LOL
nice little britain reference :D
...you're in the room
tusker78 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Late reply but lmfao I recently rewatched little Britain and started watching these episodes
And you're under! hahahahahaha!
"Uv never heard sae much rubbish in aw ma life, am oot"
Mr_Quality97 😂
Mr_Quality97 actually he said av never heard so much rubbish in awe ma life.
Paul Lambert what’s wrong with saying I’ve never heard so much rubbish in all my life.
Should have replied that's what your missus told the Sunday Papers
🤣🤣🤣🤣🤣🤣🤣
"Please pause for a second so I can say I'm out."
"Sure, please do."
"I'm out."
XD
LOL right?? I love Deborah so much 😂
Duncan is a savage.
"I wasn't talking to you."
*> Turns to face the other Peter*.
Look at peter jones big grin lol
It's as if we watched the same video...
Peter Jones ‘lols’
Savage
@𒁲🅹🅰🆈🅵🅰𒁲 ✓ • 5 years ago he never said that. deborah said it
Cracked me up 😂😂😂
"Wasnt talk to you"
BURNNNNNNNNNN
Best burn EVER... He needs to buy some suncream ASAP
Duncan was being extremely nasty there.
@@lizclegg7556 yeah it really wasn't necessary
Might not of been but it makes good TV.
Liz Clegg
Awwww I love Duncan!
In my opinion best Dragon....😉💖
"Ill tell you the offer I'm gonna make you...I'm out" xD fkin gold
Shit, that was harsh.....almost a glimpse of hope for the guy haha
If he's 26 I'm an extra terrestrial with an arse for a face
And I just ate my hat
Do you have a face for an arse then?
I think they must have meant 26 stone... (1 stone = 14lbs)
I think you mean an arse for a face as OP said. A face for an arse would be something completely different, especially when presented with the scenario of sitting down to use the toilet
He’s a 26 year old African footballer
I thought the title meant 'very politically correct'
+Smoggy thanks for that
you do realize right that you can edit your comments...
The Freeman Initiative not if you're on the youtube app
yayville oh yh, the app on Xbox?
PC Principal gonna WRECK this misogynist
Just looked at his 2015 accounts - still a small company - loss of £306k. They were right.
how do you check?
+MrKalvinC thanks!
damn
I am not surprised, its full of shit, its just as bad as the crap from PC World & Currys. Its all window dressing, I am in the IT industry
.
10:15 This actually made me chuckle. The uploader just though "screw this, no ones going to want to listen to anymore of this guy" and just cuts the video right in the middle of the guys rant. :p
The uploader just wanted to get one last boot in!
***** if i had it i would upload or all or nothing
***** then i take it back! pmsl
This video was uploaded in 2008 when TH-cam had an upload limit of a little more than ten minutes. Back in 2008 TH-cam also had a star rating system.
What was that?? Did someone say something? Hmmm, strange.
"I've never heard so much rubbish in my life, I'm out" - classic bannatyne
He's one miserable old bag.
Should have replied that's what your ex missus told the Sunday papers
9
SS KK LOVE LOVE LOVE Duncan ....💥😁
#Best Dragon!
Hillarious
The way Duncan built up his hopes, not realising he was talking to the other Peter, and then smashed his dreams to pieces with "I've never heard so much rubbish in my life, I'm out" was spectacularly brutal lol
I can imagine he had more than one whisky when he got back to his hotel room
5:05 Peter Jones was talking about connecting terminals using RS232 serial connections (lol! - no good for a GUI), which shows that he is well out of touch but was just blagging his technical knowledge to override Peter Hopton (which Duncan Bannatyne agreed with, as he knows fuck all about computers and evidently could not come up with any other reason to say that he was out too). Theo Whatshisname makes a much more valid point shortly afterwards.
Nothing quite like watching an old man try school a new kid in tech when the old man already made his money!
The bones of what he's saying are right though. I mean, if you were that bothered about power consumption you'd just go fully thin-client using something like Citrix.
Not really, as his point was that a network switch wasn't needed using RS232. You'd need a switch (or wireless access point) for any modern solution.
Yeah, Peter Jones knows everything about everything, and if you have a tech business, don't you dare presume to know more than him! The Very PC pitch was poor, but Peter Jones and that guy who runs Viglen for Alan Sugar are possessed of the same tendency that makes them want to show off their expertise and in the process disprove they have any.
Jason Gomez He waa just making a point that it's technically possible. The whole argument was unnecessary because how much power would a switch actually draw? Barely any.
MY God Duncan was savage.
lmao
"Thank you"
"I wasn't talking to you"
That was the moment the rug was pulled from under his feet! :D
He always is. Duncan Guillotine.
He was very. If the guy had come over as an arrogant arsehole, then I would have said he deserved that, but he didn't. I bet he imagined it turning out slightly differently;
DEBORAH: 'Let me tell you where I am. I like it.'
DUNCAN: 'It's ridiculous and ludicrous that no-one has invested in you before now.'
THEO: 'There's nothing I would like more than to invest a quarter of a million pounds of my children's inheritance in this- and Mrs P would agree with me.'
PETER: 'I'm a gambling man, so I'm going to take a punt.'
JAMES: 'Why don't we all throw in £50K and make this happen?!'
O'Donnell - Underrated comment, i'm pissing myself
Never go in the den offering 5% it fails everytime. Even if you have a perpetual motion machine
Not true, there have been several deals done around that %
but for a LOT better.... products? Brands??
@@OohzyJohnDow actually most of the time they come in asking for 5% but walk away with 15%.
They would go in for .1% for a perpetual motion machine.
The problem was the high valuation resulting from a low equity and profit combination (thus valuation). It would have taken them forever to get their money back and make any profit. James Caan mentioned this.
I have a hole in my shoe.
It's now worth £5M now. The hole circulates air which makes is green.
Roberto Salazar is that your in your profile picture aha?
Lol that's funny
But is it a big brand?
"You were honest? So you told them this is an averagely crap business and there's no point in investing"
Amazing, probably the most brilliant way of saying "I'm out" that's ever been done on the show
from the title thought this was going to a very politically correct epic fail. Obviously, I'm really fucking disappointed
Me too. Misleading title
Antonio Stella Bottom Tile same 😂
@@matthomedrums7890 Title isn't misleading at all.
Yeah i was disappointed also
This is from 2008, youtube was different back then.
RS232 terminals? In the vmware era? Server with hundreds of RS ports and cables stretched across the building?
Peter, 1990's called, they want you back.
"I Don't need a switch" .... really Peter J?
The fact you know about shit like RS232 terminals, The woman you will never shag called, she said don't call me, i'll call you....
SalemKid Right...Peter Jones knows about RS232 and I doubt he's done too badly with the ladies. Pussies that use the internet to anonymously insult people probably don't do so well though.
sorry peter, i have been put in my place firmly
Wow, I've just discovered lightning fast networks using coax and hubs. The internet is phenomenal. I think we peaked 22 Kps yesterday!
Duncan. There is something about that man. He just radiates power and know-how. He's one of those people that you just instantly, on first sight, has gotten enormous respect for. Love Theo as well, he's got great manners and knowledge, still you just wish to be his friend. I love all the dragons. Very impressive people.
If anyone is confused about what his company does it is building pcs from parts that you can get in a computer shop. He uses the least power consuming parts from each manufacturer to build his own pcs. The problem is that the pcs are slower and more expensive as they have to be built by hand. As for the software programmed into the machine, if it actually exists, it's basically forcing Power/Battery Saving mode as the default setting rather than Performance.
There are a lot of videos online of people building their own pc like him. It's just that he uses the worst parts from every manufacturer instead of the best parts from every manufacturer and is trying to make money out of it rather than do it as a hobby.
26?? holy crap, I feel better about how I look for my age
I agree. He looks about 38. At least.
@@Achilles94627 just because he is bald does not mean he is old. Face is wringle free.
Wilson House He Lied🤥😂😂😂😅😅😅😂😂😂😅😅😅😂😂😂😂😂😂😂😂
I am 33 and I look around 25
I'm 35 and people still ASK IF I'm a student
No way that guy is 26. Hes at least 106.
His real age is 409
ALW he’s 69
😂
Pathetic, his age is 11010
26 stone maybe
As a PC tech myself he was insulting their intelligence by trying to use PC jargon to mislead them into believing it was something special, much less 5 million pounds. Further prodding had him revealing that it was no better than buying the parts off the shelf, putting it together and turning on the power saving feature, in fact it was MORE EXPENSIVE! I'll tell you it feels really good to see this guy get roasted, trying to pull off a stunt like that.
still pretty backward that peter jones said you could use dumb terminals without a switch and via RS-232; that's just archaic
jeggy111 But you can though
You could go back to using paper and pencils to record data but you wouldn't do that either.
selling the public back something they could more easily they can do themselves has never been bad business tbh
PrezidentTrump “You’re about as green as a carrier bag” made me laugh more than I should have :)
5:41, that was harsh as fuck
+mystogun innit, tight bastard haha
"You have insulted my intelligence and enraged me."
A sign your pitch is going *great*.
"You must be very disappointed in own your personal performance " ... "...you SHOULD be!" LOL
26?? He looks 56.
stonem001 true dat.
Zaixai No u
26 my god I'm actually in total shock hearing he is 26 what the fuck.
Haha imagine him dating an 18-21yrs girl, he'd look like some old pervert...
He looks 2006
"Some PCs use as much as 200W" says the guy being watched on a TH-cam video on a PC with a 1000W power supply. I guess I am at the root of the problem here
Just because you have a 1000w PSU doesn't mean it draws that amount constantly. It means it can deliver that amount if your components demand it say in a heavy GPU and CPU load exercise like certain games.
What matters is the efficiency of the power supply.
+ManicMindTrick Of course, I meant my comment to be ironic, but to be more specific:
Average draw is around 300W. Max draw I've seen is 890w. 80+ platinum efficiency, so I assume that it's pretty efficient. But to be fair, this was uploaded 2008 so the technology is a little dated in the fast evolving industry.
+Janoy Cresva I highly doubt that anything more than the power supply was this man's design, if that. It is, and was, possible to make a low powered computer using power efficient parts that still proforms as well as it's more power hungry competitors. I haven't seen the whole presentation, but I assume this is no more than your average off-the-shelf rig with more power efficient parts sold at a premium. I have built such computers for people before.
***** Haha, too true
im using a 750w
26 years old? Looks to be in his early 40s...
That's what male pattern baldness does for you, it makes you look 20 years older than you are. He should shave his head completely, it makes a big difference.
YOU MEAN LATE 40S
SteveMHN Shaved my head at 30 with that suggestion,grew it back years later and now I look better for it ! Depends on the time in your life I guess !
27? He looks about 40.
They claimed it was 26 actually.
Stephen Fox even worse
He was slaughtered by each one of them
head left arm left leg right arm right leg , yep 5 dragons 5 body parts ripped from the torso!
Wicked quartering! 😅
26????good lord. I'm 40 and he looks like he's old enough to be my father.
Duncan is often quick to dismiss good things, but in this case, it was pretty damn funny and good for him.
HOly shit duncan absolutely demolished peter then
Lol
+Wot Mate Duncan didn't actually understand any of it (nor did Deborah), he just jumped on what Peter Jones said.
All you need to understand is a valuation of 5 million for a company that made a net profit of 24k. Even if you believe his projections of 100k net profit the following year, you'll have ploughed in 250k and got 5k back. At that rate it would take 50 years to break even on investment. The pitcher either thinks they are incredibly stupid, or he hasn't considered his pitch at all.
very pc made its first million profit 9months after this pitch lol.he got the last laugh.
Is that true? There was a report in the Mirror (for what that's worth - not very much I know) of a £1.5M turnover back in 2009, which gives no indication of profit except that surely it must be significantly lower.
Note to anyone losing hair: don't delude yourself like this sap has. Shave it off.
big guy hmm interesting comment from a big man
You seen him now? He has
big guy like theo?
0:12 Yo what's up with this dude? Guy looks high af
wow!
wow!
The Scandinavian Gaming Channel
he's tripping some major balls...what are you on btw?
Rico Cori
I'm on the moooon brother!
The Scandinavian Gaming Channel
that's high af brah, watch out!
"Please just pause a second so I can say I'm out"
"Okay"
"I'm out"
'you value your business at 5 million pounds'
uh oh here we go.
The background song playing during the "technological battle of wits" would also be my choice of background song for a striptease performed by the very pc guy.
Very vivid imagination u have there
Jesus, this is goddamn brilliant
Lmao
"Would you fuck me?"
Narrator [cue edgy music]: "As the canny young entrepreneur shakes his booty and twirls his leggings around, a dramatic intervention from Duncan Bannatyne as the multi-millionaire tycoon throws a £50.00 note into the hat, upping Peter Jones' offer and sending a shock wave through the den. Will Deborah Meaden follow suit?"
"What's proprietary in your PC?" What the fuck, Theo. Not many PC manufacturers use proprietary parts. You could be asking Alienware or HP that same question.
Except AW or HP don't claim to have a fraction of the power consumption using exactly the same parts. Unless the guy had proprietary core components (impossible in today's market) his claims could not be true. Theo only exposed this blatant lie.
You realise Alienware are owned by Dell, right?
+dacorpsemak3r Lots of manufacturers probably do claim that. There are several modesl which use a fraction of the power compared to other models. Any machine with an Atom CPU and other less power hungry parts could said to be green. Cause they do use a lot less power than other machines.
David Russell-Smith Yeah, I was just naming random brands off the top of my head. Might as well have said Dell.
BenRangel Sure Atoms use less power, but they deliver correspondingly worse performance as well. The guy claimed that his computers deliver similar performance, but with lower power consumption, which was simply not true.
i admire the guy tbh. he kept his cool. i wanna hug him and say its all right hush hush
+Thabiet fuck you
9:52 "pretty atrocious" xD
I’m Jenny, and I’m not in the Den yet, and for that reason... IM OUT
Of course Jenny isn't in this, this video is from 2008
yeah because... SHES OUT
Lol Jenny jokes are time traveling now!
Peter Jones proceeded to show off, and had a point, but I disagree that 1 server with 54 terminals is a viable replacement. It behaves differently, it is a different setup, and depending on the type workload, 54 power saving optimized PCs indeed may be more ecological/economical.
Furthermore, even suggesting RS232 is, well, embarrassing, and shows me that Peter Jones is not up to date there. RS232 for dumb terminals is super old tech, and only suitable for super simple text-only terminals. That's because UART (the serial interface behind RS232) is VERY slow. The mere thought of driving terminals over UART that show a modern graphical user interface at resolutions 1080p is laughable. It would be an absolutely atrocious slideshow. Even if you let the terminals do the rendering locally (making them not strictly a "dumb" terminal), what are you going to transmit over UART? Files? Read-only boot image loaded from BIOS/UEFI? UART is still far too slow for that. If you talk about terminals, then use Ethernet at the very least.
Where Peter Hopton truly doomed himself is for example demonstrated at 6:20, where he tried to BS his way through the tough questions. Good investors smell that crap a mile away, and when they detect it, you better have an amazing product behind all that BS, or you are out.
this was back in 2008. this guy Peter Horton is not listed as part of the company and the company sells regular pcs.
RS232 lol lets go back to 1970
yeah Peter was just trying to out nerd him to make himself look smarter. fucking idiot he is
Ali Abbas
cheaper and fucking stupid. That's like saying commodore 64s are cheaper than IBM's Power 8, so it's a good idea to build a server out of commodore 64s.
RS232 is still used but it's certainly not as widespread anymore, because of things like Ethernet
@@toxy3580 hi boob
@6:53 Peter's face is exactly like mine. Theo's question is dead on -- it's off the shelf parts, anyone can build that gear themselves. His parroting about being a revolutionary is a farce. Not to mention that a few years later the Raspberry Pi came out...
"I'll tell you the offer I'm going to make you Peter, I'm out."
🤣🤣🤣🤣🤣🤣🤣
'You're about as green as a carrier bag'
'...right... and why's that? o_O'
xD xD
WhisperZone he would be proper green today if you ask me😂
"This isn't a tech investment, it's a brand investment" goodbye.
"Pc's consume up to 200 watts" this video is definately quite old...
The Samwich definitely
yeah it's from 2008
My laptop is fuckin 400w
Yeah on average for a gaming PC Id say most people use 500-750 watt. Im using 1000 watt myself. Its definitely increased as hardware has gotten more powerful.
0:50 Theo's all like "a quarter mil for just 5%? Here we go again..."
You could literally just come in with 10 mil in cash, but if you value it at over a mil the dragons will be pissed
Charlie Anne you are Fit are you single?
I would
Duncan's very verbose and elaborate explanation of why he was out was illuminating!
Why did I not hear about this show sooner.
£24k net profit and valued at £5m? This guy is living in cloud cuckoo land
*sigh* He was only using RS232 as an EXAMPLE of something that's over 20 years old and was more environmentally-friendly than the stuff he was trying to sell them.
From what I could gather from each of these exchanges, you could just buy the parts from PC World yourself, put them together and turn on the power saving feature, and it would be less expensive and more green than a VeryPC.
Mind you, this was 10 years ago, and hopefully the company have learned and moved on a lot since this!
"Wasn't talking to you. I was talkin to the other Peter"
Hahaha, humiliated on television
That guy was 26 years old?
Dennis Humperdink that must have been a typo on the autocue. He looks 36!
PidLive Yeah he's 36 because this episode of Dragon's Den is 10 years old!
I’m 37 and in poor health and I think he looks older than me... although I am registered blind.
You misheard , they said 26 Stone 😁
gravy boat 🤣
Duncan's a savage😂😂
Update: they're still in business and doing well.
Yes, but Peter Hopton is loooooong gone
5:43 - Ouch!
hahaha
that was classic 😂
Why didn't he just sell the software? The tech side seems to be a wasteful extra. You could sell packages and subscriptions to people for future updates and versions. Plus little to no overheads, stock or stocking space. You could sell it to companies easily at a low and digestible cost!
I personally like that there are different styles in every "dragon den" show, I feel bad for the people with bad inventions but at the same time I find it hilarious on this show.
Valuation was completely absurd, that's what it comes down to. He should have asked for maybe £50,000 for a 25% share. Who the **** came up with the £5M valuation?!?! Presumably they were high on the same stuff the guy seems to be on at 0:12 !!!
I think the exchange between Peter was the best. Clearly Mr Jones knows his shit when it comes down to it haha
The complete opposite. The technology he was talking about was obsolete by the time this aired. Its like saying use punch cards from the 1940s. Sure you could do it and it may use less electricity, but using millions of cards is not practical
4:34 How does a server/thin client setup apply to the home user?
9:52 way to kick a man while he's down LMAO
Well, over a decade later and they seem to be running a small local computer systems installation firm. Apparently they're just profitable enough to stay in business...
They don't claim they have world changing green tech anymore though, for some reason :-)
This guy didn't get an investment, but now got more exposure than ever.
Current position: plus £86k
Not a bad outcome if you ask me! Ha-ha.
bad exposure tbh
I like trains.
k den lol
Ya'll can laugh all you want, Very PC is still ACTIVE and making crap loads of cash. I was very surprised to see amount of hate this 26 year old received in there by a bunch of bullies.
Fair play to Peter for not giving up, and becoming a very wealthy man!
wheres the proof he's making a lot of cash, I read he's lost a bunch
Bullies my ass. Whether they're wrong about its potential, fair enough. That doesn't mean they should have invested. Investment means you get what you expect back. You can't say that would have happened undesputedly.
"Well, Peter, that was pretty atrocious."
When you manage to get Evan Davis to rubbish you, you know you really fucked up.
This guy will make a big success some day,he was 26 hear,regardless of wether it was rubbish or not,he speaks well,conducted himself well,and has the balls to have a go,good luck to you peter Hopton
'' i think i performed very well'' loool , reminds me of the life of brian with the headless, limbless torso fighting on lool
5:51 Duncan: "Peter...I've never heard such rubbish in my life - I'm out"
I think the main reason why the Dragons didn't invest in this guy (aside from the fact that his pitch honestly wasn't that great) was because the UK had a lot of small, independent PC manufacturers in the 1980s and 1990s, only for the likes of Dell, HP and Apple to come in and completely steamroller the independent manufacturers out of existence in the early-mid 2000s. He might have made a success out of it in the end, but there was no guarantee that the big manufacturers wouldn't have just copied his business model (which was essentially just sticking laptop parts in PC cases).
Duncan killed it... OMG I thought he was talking to the nuggin asking for investment also at first.. LMFAO
what he says he has simply isn't possible, he will have to use Intel or AMD chips, and it's not like they make special chips that are just as powerful but use way more power just for this one idiot... they use low power, low performance chips for PCs that are made to be energy efficient.
Low power = low performance. Simple. Higher TDP in the same generation the faster it is.
Toxy thanks for the good info mr miagi 😂😂
5:54 you can literally heart his heart break
This man's hair is distributed wrong, his beard looks like how Antarctica broke off Pangea many millions of years ago
why does the narrator always have to rub salt in the wounds
This guy turned over 1.5million in 2008 apparently
Exactly! Not a fail as ridiculed 👀
This crappy business left the Den and turned over 1.5m in the following year these guys were just a bunch of bullies to the Very PC owner, and Peter the Plonker was a disgrace!
Did you even hear how much he asked for? Even if it turns over 1,5 million it's still not even close to being worth what he suggested!
This man went on to become Windows. His name was Bill Gates.
You know what, Very PC succeeded where eMachines failed, it's survived multiple consumer spending habit changes, multiple recessions and a pandemic. Fair play.
Oldest looking 26year old i have ever seen
Deborah Hated him instantly because of his awful genetics and ugly/aged appearance. His awful bussiness pitch only are everything worse
"Just pause a second so I can say I'm out"
"Sure, please do"
"I'm out."
I just don't understand how it could be more greener than anything else on the market? He isn't making the components himself, he even says its just off the shelf stuff put in a cheap case. Some of the promises he made Apple don't even get and they manufacture there own hardware and software to try and give it the best energy ratings in the industry lol.
lol the look he gave Duncan when he said he was out... Sized him up
Fucking shameful the way they treated this fella.
The fellas valuation was shameful
@@neptunesphere3964 true but there was no need to treat him like shit on their shoes.
I'm waiting to see someone who gets knocked back say "Well bollocks to you then" as he walks out.
"It's Peter's second roasting by a dragon" had me dead
" I've never heard of such rubbish in my entire life" Duncan 'Legend ' Bannatyne.
He got the valuation over, they are only off the shelf parts, so he's a builder not an OEM, but apart from that there's nothing here which explains why they were so very rude. My guess is he did or said something you can't see in this film and it pissed them all off. It's dominoes too. Peter started laying into him and the others just joined in.
He's still in business, you can Google for them, and there's articles online saying he went on to £1,500,000 per year straight after this was filmed.
Even if he isn't an OEM, there's nothing stopping the business specialising in low wattage components. I'm not usually charitable but in this case I don't see what the fuss was about that kicked off all the abuse.
Apparently this is a clip of the whole process so maybe
They company is worth around £200,000 even all these years later. There's a big difference between turnover and net profit. He has done OK but only OK. The valuation he gave was completely mental. The money he asked for was far too much. None of them would have made any money on this investment. They knew it. He knew it. Plus when questioned, he actually had nothing to back up any of his claims and kept saying "you're buying into the brand". Well the brand is still not worth a huge amount so... they were right. Maybe a bit harsh on him for sure but they were definitely right to steer well clear of this.
Look up how much the company is worth and tell me if the investment would have been worth it given how many years it’s been since then
9 months after this show this guy made £1.5 mil. The guy did counter their questions calmly enough respect.
Ughhh £1.5 mil Turnover....turnover is vanity....profit is sanity...
He did make profit, his company was in the UK national papers
It's pretty disappointing that he would use Wincrap Operating System for a server.
Jesus Christ the dragons were extremely harsh in this video.
"High tech accusations are flying all over the Den..."
🤣🤣🤣🤣🤣🤣
'Well Peter that was...obviously pretty atrocious' 😂😂- this guy had to have had one of the worst roastings in DD history!