This is a tactic that I seen used many times on the U.S.'s Shark Tank. He came in knowing full well that with his evaluation he wouldn't get any investors, that wasn't his goal. He used his time on the show as free advertising to promote his trike.
TEZ OF GILEAD It would get you up SNOWDON ( ie the mountain called SNOWDON: not Snowdonia. That is the name of the whole national park ). It would do so very steadily and slowly, up the 9 mile Llanberis path, but it would do it.
The only people who lose out are the viewers, who sit through long ad breaks then have to essentially watch another advertisement within the actual program lol.
Pushed a wheelchair stroke victim for the first time in my life. Couldn't believe how hopeless the wheel chair was outside on a flat pavement. Very difficult to manoeuvre, very heavy, felt unstable, and the person pushing needs to be strong. The idea of allowing a disabled person more freedom is genius.
Such a great idea and Tim is amazingly smart. Because my son is a wheelchair user and the first thing i did was google these just like a lot of other people would have i bet his sales shot up after the show. And the price is reasonable its a lifetime purchase so highly worth it. Fantastic i wish him all the best
Sometimes people just go on these shows for the exposure of their products. Like this guy, now millions have seen it. Great advertising! This presenter was well educated and had one of the best overall presentations I've seen on any DD or ST show. If he really came looking for an investor he would have come with reasonable figures, he chose not to. Simply because he never intended to close a deal, only get his product some air time.
+Abdul Qayum I don't blame him one bit. Most people selected for DD get a few weeks to think of something and form a business plan. Some that do get 'investment' get it in the form of a 'loan' cleverly done by the sneaky dragons and their lawyers. So good on this guy in my view.
15% is a very good offer . Usually the dragons go for the jugular and want 30/% or 40% and the advice , advertising capabliilty and distribution network they can provide is invaluable . Silly boy in my opinion !!
@@michaelsean5928 Not true. A leasing operation could afford several units and rent them out, probably seeing a 20-30% profit over the life of the trike.
the market is too small for free pr ... it just needs a verry good webite and agressive online sales ... E4000 is steep and for that money there are other products that compete
Some say “ You can’t reinvent the wheel “ , but this guy Tim , didn’t listen , and he reinvented the wheelchair ,into an amazing, and life-changing form of mobility. I’ve just been diagnosed with Multiple Sclerosis, and it was terrifying. I lost my sight in my right eye, but luckily my sight has returned to almost normalcy. I’m not a wheelchair user just yet, however I do know I am going to need to get one at some-point, this would really be the one I’d go for ! . Well done Tim . 👏👏👏💯⭐️👍
They look like they would be better in rough terrain but also appear to take a fair amount of effort to use. With the right gears I would expect it to be much easier to operate.
OMG it looked like such hard work when that poor guy demonstrated it!! He was constantly having to pump the levers just to get 3 metres away!! How the hell would you get it up a mountain or around in mud?!? 😩
He should have made a dvd showing these things going through sand, snow etc as I'm not convinced they can, that demonstration looked hard work even on a flat floor.
its a solid chair ... slight improvements could be possible ... wheel angle , proppulsion system, ergonomics, ofroad tires , and ofcourse manufacturing price ..
The product's unique selling point is an all terrain vehicle, specifically designed for disabled users. ''Deep mud, snow and sandy beaches'' with that enormous amount of drag and resistance along with the shopping cart wheel at the back, how do you honestly expect any man or women to use their upper body strength to travel anywhere other than a flat road, never mind up the side of mountains. Granted the majority of people with disabilities are the older generation who would be more frail than others, army soldiers particularly suffer from missing or damaged limbs. The middle aged customer seemed to be putting considerable effort in moving the trike along a smooth surface, which again ultimately contradicts the whole appeal of the product as it's only advantage over traditional wheelchairs is that this trike can travel along flat country trails along side push bikes, although if this only has a messily top speed of 5mph how could you possible keep up with your more abled family.
It's in the clever leverage system. Also the suspension units used makes it extremely durable and more comfortable over rough terrain. Even if it is only used over a few curbs, bumps or grass. If you've used a traditional wheel chair before, you would know it is not very durable, difficult to propel if you have weak grip strength (which is the most common weakness in the elder generation or any degenerative condition) because the leverage does not allow you to maximise your upper limb strength. And then it offers much more stability compared to a traditional wheel chair over rough grounds, bumps and curbs. Easier to drive independently, more durable, safer and more comfortable. 3- 4 mph is a brisk walk, 5+ is a jog, so you can easily keep up. I know this because I work as a physiotherapist and I would love to be able to offer this product to many of my patients. Your logic is completely flawed.
This person is perhaps the smartest pitch-provider I've come across on Dragon's Den. I could heavily sense the engineer's mindset (and doing some quick research proved me right). At least he managed to get a decent amount of exposure for his product.
If the market isn't about to crowd and patent issue are resolvable, I'd say it's a relatively safe but not necessarily stellar business opportunity. The demand will be for more motorization and exoskeletons in next decade and beyond, whether or not users utilize their arms for power/wheel-turning.
and because of the design of the pushing the arms, a new attachment could be added to push the arms for the sitter. It should be possible to add a electronic push the / move the arm(s) for the sitter.
He should have come with his other 2 lads for the pitch to negotiate a deal with the Dragons. I won't be surprised after this performance a/some Dragons contacted them later for a new offer.
That's the tricky thing about having so many shareholders. If only he would move on the percentage because I think at least a few of them would have made an offer. It's an ingenious product that has great potential
Dragons could’ve offered him an outside of the box kind of an offer that combines the 5% equity along with loyalty until amount is fully paid and then a smaller loyalty in perpetuity. Or else, 5% + considering the whole amount a loan with a fixed interest rate over 2-3 years.
1.4 million people in the uk use a wheelchair. With a population of 67 million that means roughly 1 in 50 people use a wheelchair. I’m surprised it’s that high, but then I’ve never been to the uk.
cool product , imagine if it had gears so it could go faster and a system that locked the wheels so it cant roll back when going up hill, bags of potential their, both the things i mention would not be that hard to do , give me a weekend a salvaged mountain bike and parts from an old winch and i'd give u a working prototype,
At 8:50 the dragon says "It's a shame, but its a case in point of how not to protect intellectual property". It sounded like he had GOOD protection. In what way is this a 'case in point of how not to protect intellectual property' ? I'm not following it. Any suggestions?
Just wondering....anyone know what's being said when the narrator comes in and they are stood chatting at times or staring/making gestures...are they told in an earpiece to chat on cue?
Yeah, exactly, wealthy people who vacation in the alps can buy one of these. Not every day normal disabled people who can't afford to buy it. I can't see this business being hugely successful, which means it will fail over time since the target market will already have bought these wheelchairs, and not need another one.
They are used in the alps for hire, and nobody ever buys them. They're never hugely popular, and fail to realise that for tourists, seeing real mountains and going up on the lifts are just as exciting.
LordHeath1972 Maybe on the train that goes up to the summit of Snowden, but not up Ben Nevis - unless there is a smooth path without boulders on it that I’m not familiar with...
Anyone else get the feeling deb and a few other dragons really wanted to invest but the valuations was crazy. I think he would have got it for 10% if he tried. But i rekon it was an kinda emotional pitch for deb her sister uses a wheelchair
I'm not a wheelchair user so I'm not going to argue with you as you obviously know a lot more about it than me. BUT....his advocate has been using the chair and he says there is nothing he doesn't like about the product, so if there was an issue with this ruining shoulders and hurting backs I think the advocate would have noticed. So my question to you is,why fo you think this would hurt your shoulders and give you a sore back when the man testing it has had none of these issues and says it's the best chair he's used and there is nothing he doesn't like.
I've had one for 4 months, to begin with I had a few aches but once my body got used to it they went away. It's been great, they offer a version with electric assist now.
like i suggested below, if the deal were to allow. 5% shares of common, first right to buy the others out at a later date, and the right to buy chairs at cost and sell them at what the Dragon can get to recoup the initial investment of $100k. after the 100k recouped then the Dragon has to send all signed sales deals thru the proper normal accounts of the company and the profits rise and dividends occur, paying all them owners the declared dividends. the Dragon only receiving their 5% of the total declared. thanks for the upload.
you know you could pay that for a mountain bike, not even top of the range one? such as a "Scott Genius 730" priced in Evans £3999 so its not so badly priced as you might think! especially if it has similar component quality and off road potential as this example of bike! and to limit negotiations to 5% or less is going to be hamstringing any investment chances! the Dragons had nothing to work with! or do you want people to get one of these supplied for nothing?
Great Product, i am not a designer, however i have Physically fit friends in wheel chairs who would love this product. Idea, design a wheel chair with a tent that wheel chair users could go camping in.
there are basketball leagues and other gaming sports for bloats in wheelchairs. that should be a market place to review - since this vid is from 2013 i would assume u have done that by now, if not, coin sid vicious and Look into that market / also longer distance riders
If he had only a prototype then he would have to negotiate the percentage. He knows his market better than the dragons and once you give away more than 5+ % you will regret it! I'm sure the Chinese could build it for £500 a unit as well.
Lol at the start of the video I saw that big cog in the studio and I thought it was one of the "mountain trike" wheels with massive fuck-off treads for getting up a mountain :')
What it boils down to is it`s 2020 and the business is doing as well as it was when he presented his idea . No better , no worse . Was the free advertising ploy a better option ? Obviously not , any one of the dragons could have propelled this invention into the mainstream and revenue .
While this guy is hustling and the other two are at home twiddling their thumbs, a great deal slipped away crushing this poor guy. It's not just the money but everything with it that the other two giving up a percentage point per person. The greed...I really hope that this guy succeeded. I really do.
It's quite slow, even slower than a normal wheelchair, which certainly shouldn't be the case for an off road sporty trike. You can get wheelchairs for £48. This is worth about £200. Not £4000. There is a limited small market of absolute fools. Dragons were crazy to give him offers. He was crazy not to accept.
Exactly. Especially when you're looking at manufacturing a small amount of a complex and material/labour heavy product. These would cost a fortune per unit.
That's exactly Sid H's point though, guys. It does cost quite a bit to make. But it is absolutely never going to be 'worth' spending £4k to the target audience, and so as a business and product, it is a massive failure. Why would a disabled person spend 4k on this wheel chair when they already have a wheelchair that cost £50, and they could use the 4k to buy a car to enable them to travel further?
I agree with you.that product it wasn't such a great product..seeing the hands movements of the person riding it..they were "psychotic"to get that thing moving..i can't imagine a normal person doing that for half hour let alone one hour..he was doing those movements on smooth surface..imagine it on "off road" terrain..i don't anybody that is on wheelchair but if someone wants the best just get a electric wheelchair.
This is a tactic that I seen used many times on the U.S.'s Shark Tank. He came in knowing full well that with his evaluation he wouldn't get any investors, that wasn't his goal. He used his time on the show as free advertising to promote his trike.
and the show is only too happy to oblige them as it's good content for their show. It's a win-win really.
Spot on,that would not get you up snowdonia,would it help in rehab? Maybe but again your spot on.
TEZ OF GILEAD It would get you up SNOWDON ( ie the mountain called SNOWDON: not Snowdonia. That is the name of the whole national park ). It would do so very steadily and slowly, up the 9 mile Llanberis path, but it would do it.
@TheGooners11 brilliantly put 😄
The only people who lose out are the viewers, who sit through long ad breaks then have to essentially watch another advertisement within the actual program lol.
Free advertisement for him. Well done!
I do share the same opinion too
Giving out his idea
Pushed a wheelchair stroke victim for the first time in my life. Couldn't believe how hopeless the wheel chair was outside on a flat pavement. Very difficult to manoeuvre, very heavy, felt unstable, and the person pushing needs to be strong. The idea of allowing a disabled person more freedom is genius.
The wheelchair is a lot lighter if you tip the person out onto the pavement first.
@@BenjaminGoose Hahahaha very true but I wasn't being quite so pragmatic!
Did anyone else think he was going to get into the chair and wheel himself out after the defeat?
hahaha
Oml I actually pictured that too 😂
twostep919 I thought that xd
😂😂😂😂
😂😂😂
The moment he said 5% i was like "in your dreams m8"
Ok thanks Alan sugar
free promotion :)
Miito even at 5% would be worth it they only offered a tiny amount of money this dude shouldn't of gone on dragons den he don't need them!
did you see the new episode where the toothbrush people asked for $100,000 for 1%, and the most they could do was 1.25%.
£100,000* accidently hit the $ key.
Such a great idea and Tim is amazingly smart. Because my son is a wheelchair user and the first thing i did was google these just like a lot of other people would have i bet his sales shot up after the show. And the price is reasonable its a lifetime purchase so highly worth it. Fantastic i wish him all the best
Good to hear that 😊
He got a hell of a lot of exposure for a brilliant product here. SO fine, no investment, no worries. He wins anyway.
Bravo to him.
DAGATHire that's probably all he wanted hahaha
I have no respect for such a deed .
his website dont exist anymore so I guess he flopped
@@elrickking9293 still up and going have just hired one for five days he is going strong.
He's got such a calm voice. He should do those sleep voice over videos. Very relaxing
Proportion Productions hahahaha
Gay
😂 😂 5star for this
Where I'm from we call that monotone. Boring.
It's pretty obvious here the guy came looking to advertise his product & not gain an investment
Sometimes people just go on these shows for the exposure of their products. Like this guy, now millions have seen it. Great advertising! This presenter was well educated and had one of the best overall presentations I've seen on any DD or ST show. If he really came looking for an investor he would have come with reasonable figures, he chose not to. Simply because he never intended to close a deal, only get his product some air time.
I was thinking that too I have to say it is wicked free advertising
+Abdul Qayum I don't blame him one bit. Most people selected for DD get a few weeks to think of something and form a business plan. Some that do get 'investment' get it in the form of a 'loan' cleverly done by the sneaky dragons and their lawyers.
So good on this guy in my view.
James Speiser here they are being used and enjoyed th-cam.com/video/ZatbKWFiZ2c/w-d-xo.html
15% is a very good offer . Usually the dragons go for the jugular and want 30/% or 40% and the advice , advertising capabliilty and distribution network they can provide is invaluable . Silly boy in my opinion !!
free air time.
He’s designed a product where people with a disability can be outside and adventurous! Amazing product!
and priced as expensive as possible so noone can buy.
@@michaelsean5928 Not true. A leasing operation could afford several units and rent them out, probably seeing a 20-30% profit over the life of the trike.
Neighbor bought one. The next day, Covid-19 lockdown.
Did he think They would give 100.000 for 5% has he ever seen dragons den.
+Speed Freak
The more you offer them, the more they want. So, he started at the lowest possible without seeming like he's taking the piss.
Yes but you can't possibly go in offering 5% with absolutely no room for negotiation and expect to gain an investor.
Probably not, but the TV show is great PR
Yeah, I think so also. This was just super-good free PR for them. This guy/company didn't even want to make this deal.
the market is too small for free pr ... it just needs a verry good webite and agressive online sales ... E4000 is steep and for that money there are other products that compete
Some say “ You can’t reinvent the wheel “ , but this guy Tim , didn’t listen , and he reinvented the wheelchair ,into an amazing, and life-changing form of mobility. I’ve just been diagnosed with Multiple Sclerosis, and it was terrifying. I lost my sight in my right eye, but luckily my sight has returned to almost normalcy. I’m not a wheelchair user just yet, however I do know I am going to need to get one at some-point, this would really be the one I’d go for ! . Well done Tim . 👏👏👏💯⭐️👍
Just visited Tim's website (Not the one in the description) it seems to be doing very well
Dam... one of the best pitches i'v seen.
He should have prepared a demo video to show of the Mountain Trike in action somewhere in the wild!
Was thinking the very same.
They look like they would be better in rough terrain but also appear to take a fair amount of effort to use. With the right gears I would expect it to be much easier to operate.
Fabulous product. Hope he has done well with it. Looks really cool spec.
OMG it looked like such hard work when that poor guy demonstrated it!!
He was constantly having to pump the levers just to get 3 metres away!! How the hell would you get it up a mountain or around in mud?!? 😩
The Truth try the same thing with a regular wheelchair and see what happens.
Easy he just has to change gears
Seemed an awful lot of effort to travel a very short distance.
You should see the effort he has to put in to use his legs
@@jamieglasgow1649 👍
Very good, I think my favourite thing I have seen on dragon's den.
Fantastic business still going strong today
I have personally been up Ben Nevis, I would like to see anyone try and get up the full easy (walkers path) alone on that thing.
- So there would be no point offering...
- No.
- Well, I'm going to.
#thuglife
@@MarceloVeronezzi speak English
@@tiprat5051 ok boomer
@@SiLoMixMaster only problem I'm nowhere near being a boomer nice try though
Absolute MACHINE for blasting the triceps.. 10/10 would fully recommend to jump into after a long run.
I've started to watch the Australian version- "Shark tank".
An they are so lovely and full of advice, and most importantly *not greedy*
They act like kids these are the real business people
He should have made a dvd showing these things going through sand, snow etc as I'm not convinced they can, that demonstration looked hard work even on a flat floor.
its a solid chair ... slight improvements could be possible ... wheel angle , proppulsion system, ergonomics, ofroad tires , and ofcourse manufacturing price ..
4 to 5 mph.. unless you're going down Mt Snowdon
The product's unique selling point is an all terrain vehicle, specifically designed for disabled users. ''Deep mud, snow and sandy beaches'' with that enormous amount of drag and resistance along with the shopping cart wheel at the back, how do you honestly expect any man or women to use their upper body strength to travel anywhere other than a flat road, never mind up the side of mountains. Granted the majority of people with disabilities are the older generation who would be more frail than others, army soldiers particularly suffer from missing or damaged limbs. The middle aged customer seemed to be putting considerable effort in moving the trike along a smooth surface, which again ultimately contradicts the whole appeal of the product as it's only advantage over traditional wheelchairs is that this trike can travel along flat country trails along side push bikes, although if this only has a messily top speed of 5mph how could you possible keep up with your more abled family.
It's in the clever leverage system. Also the suspension units used makes it extremely durable and more comfortable over rough terrain. Even if it is only used over a few curbs, bumps or grass. If you've used a traditional wheel chair before, you would know it is not very durable, difficult to propel if you have weak grip strength (which is the most common weakness in the elder generation or any degenerative condition) because the leverage does not allow you to maximise your upper limb strength. And then it offers much more stability compared to a traditional wheel chair over rough grounds, bumps and curbs. Easier to drive independently, more durable, safer and more comfortable. 3- 4 mph is a brisk walk, 5+ is a jog, so you can easily keep up. I know this because I work as a physiotherapist and I would love to be able to offer this product to many of my patients. Your logic is completely flawed.
"Give me a lever and a place to stand and I will move the earth"
It's basic physics mate. look it up
Dead right. It looked a nightmare to mobilise. And those fat tyres are always so inefficient
Not on that cacca.
5mph isn't bad- its faster than average walking speed.
Were wheelchairs a couple of hundred pounds when this was made? Mine was under eighty quid.
He must have never watched dragons den if he thinks he can get a deal at 5%
This person is perhaps the smartest pitch-provider I've come across on Dragon's Den. I could heavily sense the engineer's mindset (and doing some quick research proved me right). At least he managed to get a decent amount of exposure for his product.
He smiled all the way through because he wanted to leave without investment. Great advertising strategy.
Can an able bodied person get one too? Looks fun
I'm not 100% sure this dude was actually looking for investment... kind of strange negotiation.. seemed like he was impartial at most.. smart dude
If the market isn't about to crowd and patent issue are resolvable, I'd say it's a relatively safe but not necessarily stellar business opportunity. The demand will be for more motorization and exoskeletons in next decade and beyond, whether or not users utilize their arms for power/wheel-turning.
A great job and you kept your cool! Hope you get plenty of new orders from this.
These are $8000 in the US, and that's before import fees. That's just mental!
Actually not a bad price compared to the market - a lot of wheelchair bike accessories start at that price.
christschool ikr a boat cost less
if this was the only way to climb a mountain, i would pay 20000
I'd imagine that he got an international patent immediately after the show.
It's quality not quantity as they say. Most stuff from the US is expensive for us too. Just sayin...
Don't knock him, he got free advertising that would have cost 6 figures
Yazole yep. Couldve afforded at least 6 trikes with that kind of money
I think that was the best product I have seen on this programme - not that I have seen many episodes of it.
and because of the design of the pushing the arms, a new attachment could be added to push the arms for the sitter. It should be possible to add a electronic push the / move the arm(s) for the sitter.
I've been up Everest on one of these. Had to modify the tyres though.
Why does the BBC believe that a company which has 5 shareholders is "complicated"?
He should have come with his other 2 lads for the pitch to negotiate a deal with the Dragons. I won't be surprised after this performance a/some Dragons contacted them later for a new offer.
That's the tricky thing about having so many shareholders. If only he would move on the percentage because I think at least a few of them would have made an offer. It's an ingenious product that has great potential
7:55 Wen you’ve just had a line of coke and the police walk in
LOL! Brilliant!
Love it! 😂
15% for all the money is a great deal
Almost a word perfect pitch! Brilliant!
Well done Tim great advertising....it’s a shame the dragons forget where and how they started
I love Tim he has that shrewed nerd sparkle in his eye...he used the show time as free advertisement..
they are now 5 grand and selling like hot cakes ....well done !
Dragons could’ve offered him an outside of the box kind of an offer that combines the 5% equity along with loyalty until amount is fully paid and then a smaller loyalty in perpetuity. Or else, 5% + considering the whole amount a loan with a fixed interest rate over 2-3 years.
I am a wheelchair user and "I like it""
The best presentation ever on Dragons Den.
1.4 million people in the uk use a wheelchair. With a population of 67 million that means roughly 1 in 50 people use a wheelchair. I’m surprised it’s that high, but then I’ve never been to the uk.
I thought anything you do in university belongs to the university? I remember seeing that in my first year registration papers.
Seems they are doing well,with the new electric mountain trike.
It is the best design this one. Congrats.
I've been to the top of Snowdon, there are multiple steps to the summit
Ricky Wiltshire There’s a train stop at the summit - but I don’t think he could get that thing on the train...
This was 5 years ago. Never seen one. Says it all!
You're not the target market.
cool product , imagine if it had gears so it could go faster and a system that locked the wheels so it cant roll back when going up hill, bags of potential their, both the things i mention would not be that hard to do , give me a weekend a salvaged mountain bike and parts from an old winch and i'd give u a working prototype,
I have a vague recollection that many years ago when young i saw this or similar being used by disabled people getting from A to B
i wonder if this product can be used to summit K2 or Mount Everest?
Lol 😂
he's pretty much accomplished what he wanted they didn't need the investment needed the free advertisement and no doubt will hit that 3mil figure now.
At 8:50 the dragon says "It's a shame, but its a case in point of how not to protect intellectual property". It sounded like he had GOOD protection. In what way is this a 'case in point of how not to protect intellectual property' ? I'm not following it. Any suggestions?
What a good bloke
Just wondering....anyone know what's being said when the narrator comes in and they are stood chatting at times or staring/making gestures...are they told in an earpiece to chat on cue?
These pitches last a lot longer than what's shown, they're either listening or someone else is speaking to the entrepreneur
"1080p"
Is the original video you stole was in 360p why upload it in HD?
He got his revenge though, mountain trikes and scooters like that are everywhere in the alps now
Yeah, exactly, wealthy people who vacation in the alps can buy one of these.
Not every day normal disabled people who can't afford to buy it. I can't see this business being hugely successful, which means it will fail over time since the target market will already have bought these wheelchairs, and not need another one.
They are used in the alps for hire, and nobody ever buys them. They're never hugely popular, and fail to realise that for tourists, seeing real mountains and going up on the lifts are just as exciting.
Bungis Albondigas
They are probably hired or funded by trusts
Legend says that even back then Jenny was out.
You're dreaming if you think you could take that thing up Snowdon or Ben Nevis. Trust me, I have done both several times and there is just NO WAY.
LordHeath1972 Maybe on the train that goes up to the summit of Snowden, but not up Ben Nevis - unless there is a smooth path without boulders on it that I’m not familiar with...
There's charity fund raising event that takes people up Snowdon in these every September. So it is achievable.
Anyone else get the feeling deb and a few other dragons really wanted to invest but the valuations was crazy. I think he would have got it for 10% if he tried. But i rekon it was an kinda emotional pitch for deb her sister uses a wheelchair
I’ve been a wheelchair user for 17 years. This item would ruin my shoulders and give me a very sore back. *If you want to sell this add a motor!!!*
I'm not a wheelchair user so I'm not going to argue with you as you obviously know a lot more about it than me.
BUT....his advocate has been using the chair and he says there is nothing he doesn't like about the product, so if there was an issue with this ruining shoulders and hurting backs I think the advocate would have noticed.
So my question to you is,why fo you think this would hurt your shoulders and give you a sore back when the man testing it has had none of these issues and says it's the best chair he's used and there is nothing he doesn't like.
I've had one for 4 months, to begin with I had a few aches but once my body got used to it they went away. It's been great, they offer a version with electric assist now.
like i suggested below, if the deal were to allow. 5% shares of common, first right to buy the others out at a later date, and the right to buy chairs at cost and sell them at what the Dragon can get to recoup the initial investment of $100k. after the 100k recouped then the Dragon has to send all signed sales deals thru the proper normal accounts of the company and the profits rise and dividends occur, paying all them owners the declared dividends. the Dragon only receiving their 5% of the total declared. thanks for the upload.
also, the 3995 pound cost of the unit is RIDICULOUS..for that kind of money, you could hire a dude to carry you around on his back everywhere
you know you could pay that for a mountain bike, not even top of the range one? such as a "Scott Genius 730" priced in Evans £3999 so its not so badly priced as you might think! especially if it has similar component quality and off road potential as this example of bike! and to limit negotiations to 5% or less is going to be hamstringing any investment chances! the Dragons had nothing to work with! or do you want people to get one of these supplied for nothing?
i used to pay 6k + for mountain bikes. This is a good price as its well made.
pohmakas33 a disable person wants to be as independent as they were before the accident .
That is cheap, there are wheelchairs similar for almost 25k
But that's not the point. Disabled people don't just want to go from A to B, they want the independence to get themselves from A to B.
Great Product, i am not a designer, however i have Physically fit friends in wheel chairs who would love this product. Idea, design a wheel chair with a tent that wheel chair users could go camping in.
i swear piers' only job here is just to say 'well what is your patent'.. i hardly see him invest
Ben Conlon He is scared of Debrah watch they episode that he opens his mouth and stops Debrah from talking 😂😂😂
there are basketball leagues and other gaming sports for bloats in wheelchairs. that should be a market place to review - since this vid is from 2013 i would assume u have done that by now, if not, coin sid vicious and Look into that market / also longer distance riders
Why didn't they ask Richard about the all terrain capabilities of the wheelchair? I know I would've!
Exactly the same thing was a kids toy in the 70's, it looked a bit like the C5 but with bigger rear wheels.
If he had only a prototype then he would have to negotiate the percentage. He knows his market better than the dragons and once you give away more than 5+ % you will regret it! I'm sure the Chinese could build it for £500 a unit as well.
loving the popups :D
How would a disabled person be able to afford them? Great product but they have to be competitively priced.
LOL, you dumbass. Disabled people aren't poor you idiot. I bet most disabled people are far wealthier than you.
Aggressive Jake.... calm down
Taintedshadez fuck off.
+Jake is that a rule that all disabled people are wealthy you fucking knob head
they don't... you pay for it out of your tax :)
Very well spoken young man:)
Stars at 00:59
I saw one of these at my work.
I was expecting at least one of the Dragons to ask him are you after free advertising?!!
This kid....
Two of His director investors came in around each 20%
Yet he want the dragons to come in at 5%
Meso Anto You don't understand financing and investment at all, basically.
The patent thing is a bit of a red herring. How many types of bikes, cars and whatever is there. You need more then one choice.
If I had a disability I'd kill for one of these.
At 4k a pop, you'd be pretty much forced to.
Killing for one is a bit much. I'd take out someone's legs for two of them though, and they could keep the second.
Brilliant product.
Lol at the start of the video I saw that big cog in the studio and I thought it was one of the "mountain trike" wheels with massive fuck-off treads for getting up a mountain :')
I hope he does well, that's a good thing he invented business or not if it makes life easier for the disabled in my eyes it's a win.
How on earth has he agreed that 5% between them was "all they could do"? Almost half of the shares are his to do with as he likes.
MarxistKnight its called greed
Damm, i was really hoping he'd get it.
What it boils down to is it`s 2020 and the business is doing as well as it was when he presented his idea . No better , no worse . Was the free advertising ploy a better option ? Obviously not , any one of the dragons could have propelled this invention into the mainstream and revenue .
While this guy is hustling and the other two are at home twiddling their thumbs, a great deal slipped away crushing this poor guy. It's not just the money but everything with it that the other two giving up a percentage point per person. The greed...I really hope that this guy succeeded. I really do.
It's quite slow, even slower than a normal wheelchair, which certainly shouldn't be the case for an off road sporty trike. You can get wheelchairs for £48. This is worth about £200. Not £4000. There is a limited small market of absolute fools. Dragons were crazy to give him offers. He was crazy not to accept.
Exactly. Especially when you're looking at manufacturing a small amount of a complex and material/labour heavy product. These would cost a fortune per unit.
That's exactly Sid H's point though, guys.
It does cost quite a bit to make. But it is absolutely never going to be 'worth' spending £4k to the target audience, and so as a business and product, it is a massive failure. Why would a disabled person spend 4k on this wheel chair when they already have a wheelchair that cost £50, and they could use the 4k to buy a car to enable them to travel further?
I agree with you.that product it wasn't such a great product..seeing the hands movements of the person riding it..they were "psychotic"to get that thing moving..i can't imagine a normal person doing that for half hour let alone one hour..he was doing those movements on smooth surface..imagine it on "off road" terrain..i don't anybody that is on wheelchair but if someone wants the best just get a electric wheelchair.
10:24 COMEDY GOLD!!!
Was Duncan the earlier season's Jenny? Seems he never makes an offer.
Duncan has made tons of investments he was on the show for years nothing like Jenny