such a dumb thing to say too. Sorry for insulting you says "yeah I insulted you on purpose so I'm sorry", if they said "sorry if you felt insulted" its a different animal. These guys never worked in inside sales or customer service.
@@matisan8407 it's easy to express yourself incorrectly when under pressure and in front of the camera. He probably thought the same thing the moment he said it.
@@matisan8407 Utter rubbish. If someone explicitly says "you insulted me", apologising for insulting them in no way, shape or form implies that the insult was deliberate. In fact, if it was deliberate you're unlikely to apologise at all for it!
@@alanw4589 it's not like they have title cards for the Dragons in these videos. René here probably doesn't know that Blonde Sara spells her name differently than Restaurant Sarah
Lol. 99% of companies lose money in the first three years since that is called start up cost amortization . Most people including peter have no clue about business and some people who got rich in business got lucky. A family member of mine is super rich but knows nothing about business but his business is doing extremely well to the point he owns a 21,000 square foot home. He was such a louse in business that his dumbest employee was robbing him for five years to the point of building a nice house from it and he would not have known if a customer didnt make a mistake on one of the transaction on a return that saw him get a rebate for entire cost of the product when he didnt return the entire product that was worth three hundred thousand .
@@Racing_Fox413 They are? A simple check reveals they are absolutely tiny. They still aren't profitable, from the looks of it because they pay themselves high salaries. They only have 5 employees and their net value is very small.
The secret of high startup valuations is not making a profit. It prevents investors from getting to a sensible valuation. Even better, a pre revenue startup!
Entrepreneurs: "Would you feel better if we increased our asking to 4%?" Sara: "You've really insulted me now!" Me: They have clearly misunderstood who they are pitching to...
Honestly I’d imagine most of the businesses get on here for exposure and nothing else. It’s relatively known that the majority of the deals that come through on camera fall apart in the off camera negotiations afterwards.
@@FuburLuck I disagree. Their advertisement would have been far superior if they spent the time discussing how great they are instead of being attacked. If anything they should have greatly undervalued the business if they were just going for publicity.
@@anishj8935 only if you do your job. I would imagine if you slacked off or weren’t enough efficient she would let you know in no uncertain ways. She would be fair though
I LOVE Sara. She is such an empathetic person and to make her react like that and almost laugh in your face in total shock and say that she’s insulted, then you’ve fucked up bro.
those annoying guys that went to private school, who go on about rugby and say, 'Absolutely' all the time. They also need bigger shirts......Also saying apple juice is vegan friendly and gluten free is like saying water is vegan friendly and gluten free....
So we’re hating on them because they’re better educated and parents have a bit more dosh and they, um, need bigger shirts? People who went to public school dress badly too.
@@ah7910 There you go... I was waiting for it... and here it is... the virtue signaler....welcome to 2020, 2021. Well done you.. defender of the "absolutely" guys... Youre an amazing human being...
To be fair I think they were more referring to what type of valuation “offer” they had in mind. The dragons were all so far out that they weren’t willing to give the guys their thoughts on where they should be valued other than saying they were way off the mark. The dragons should have said I will give you the money for 50% and see what conversation happened
I remember an episode where I dude looked right in Suleymans eyes and said "Yeah, but whos Touker?" 🤯🤯 You really dont even know his name? Or maybe he was being condescending - either way not a good way to get an investment. Plus youd that Touker's commitment to monogramming his things would give it away lol
10.44"We don't know what you guys can offer". Must have been drunk on their gin asking such condescending nonsense to a group of individuals who between them have generated billions of revenue..
@@immyraja5925 I had exactly the same issue. Then about a few weeks later when you get no offers they say, "hmm, maybe your price is a little expensive". All this on top of their 3% fees.
I sometimes think that some people actually come on here to advertise their products rather than get a deal done because why would you offer such little equity(3-5%) and not even offer reasons why you aren't flexible with the valuation??
I think it's just naivety and emotional attachment. They'd get exactly the same advertising (maybe even better) if they gave a realistic valuation then just didn't take up the investment (you can accept on the show then decline after for any reason).
@@jamest3336 It IS good PR. Because their customers only care for the product, and the product did great in the show. Who cares how they evaluate their company? Certainly not those that buy the Cider/Gin. If anything it's better to overevaluate your brand then underevaluate it (in case you don't want to sell the company anyway).
@@peterpan4038 I agree and I think not everyone watching Dragon’s Den on tv (not TH-cam) would have a favorable views of the Dragons and would thus not necessarily have a negative opinion of the encounter
@@peterpan4038 So you think watching them being berated for not valuing their company correctly is more beneficial to their brand than watching dragons fighting over each other to invest while showering it in compliments?
@@ArcaneAnouki After dilutions their share will be worth even less. Why would they spend. Their time on this and not invest somewhere else where they have a bigger stake in ?
This was in Asda and I've actually tried their cider which is quite light and tasty. I tried re-ordering it but Asda don't seem to stock the product anymore. Hope they're still doing well.
@@BLRSharpLight I know some graduate made £100k to £300k before graduation trading or working on some fun tech business. Is possible if driven and smart. Most students are not
It really was the kind of moment where you realized that they did not understand a single word that has been told to them up to this point… But it also makes you wonder if they have ever seen the show! What makes them think anybody would come in on such low numbers?
I love DD but has anyone noticed that nowadays the businesses pitching are all the same type - food and beverage, something eco friendly, vegan, sugar free, etc. So many of these types of businesses in the den.
I’ve definitely noticed the same trend. It’s also too common to have these food and beverage pitches always having some level of health conscious - vegan, gluten free, no sugar etc which I understand but at the same time, when there’s so many of these pitches it shows that they’re not any different to what else is on the market
Well, anyone building anything of worth (read: IT) doesn't need to come on the den for investment, and anything that isn't food can just be made in China and sold on Amazon.
@@shanethesaiyan511 exactly! There’s nothing wrong with a few but sometimes I wonder if the dragons must internally roll their eyes and think, “not again...” most of these businesses have a great ethos behind them yes, but Dragon’s Den is a platform for all companies, not just those with eco-friendly, sustainable, vegan and so on credentials!
@@oDannyMitchello Your mind went to some weirdly specific places, so I think you must be projecting there, buddy. Maybe you've done nothing of worth in your own life, so the unconditional love of your family is the only thing you have left to cling to? But yeah, "they're called trends" - what exactly did you think you were adding to the conversation? Zero.
For three years the company grew bigger but on the same time had a considerable losses,who on earth going to invest in such enterprise particularly with that %2 equity they offered.
I love how Theo always says "his kids inheritance" He's got his kids back unlike a number of other guys who won't help their own kids even though they're rich af.
Yeah, I like the guy for that. A lot of rich fuckers think it's noble or something for their kids to toil for a lifetime just because everyone else has to. Rescue your kids from the day to day grind and let them truly live. Yeah I get it, have them get some life experience, be part of the business and all that, but set them up so they never have to worry at least. Most of life is worrying about money and it sucks.
@@TheGrandmaster1 It is certainly noble... The conservation and concentration of wealth within the select elite is irrefutably the cause of a huge amount of the inequality we see in the world today. Get rid of inheritance and the world would be a MUCH more equal place. Perhaps most of your life is spent worrying about money, but if you have a tiny bit of competence (and aren't incredibly greedy) there's no reason why that should be the case. Being money-hungry is not a desirable quality to those who aren't vacuous.
Sarah seems like the only real person on that show, I don't think she gets enough credit. She seems to actually have conversations with people, whereas the others just act like stuck up talent show judges.
These little brats were 12 years old when this show started. It seems they barely watched any episodes for the last 16 years. How can you say to the dragons: "We don't know exactly what you guys can offer" (10:28). Mind-boggling.
Absolutely. I remember an episode with Duncan in it, and some woman was trying to get an investment for a falconry. she said that she didn't know who the Dragons were, and what they could do for the business. Despite that, she got an offer from Duncan.
Even if they didn't watch episodes, I imagine you could probably find a list of every company Peter Jones is/was a important staff member is and get an idea of where his specialities and connections are.
Listen to the behind-the-scenes. Most of the time the dragons offer very little if anything. It's business, what they say and what they do are separate things.
I knew I recognised this business from somewhere. They've had 3 funding rounds via crowdfunding, £250k each time in 2016, 2018 (£2M val) and more recently in May 2020 at a £4M valuation. The problem is crowdfunding sites are awash with inexperienced investors buying very small amounts, and don't even consider whether the valuation makes any sense. These guys have obviously not understood this, and really think their business is worth these ridiculous sums, and apparently expected the Dragons would too.
@@SimulatorWhiz I’ve been watching dragons den for years and Jenny Campbell has made more investments then Kelly and piers linny don’t think u know it all mate cuz u don’t grow up instead of trying to insult peoplen
If we increase to 4% would that make a difference? Oh my god how I laughed. 😂😂😂 As long as we believe in it that’s all that matters. Aye, tell that to your accountant lads... 😂
young people today, have learned a wrong lesson from some overnight tech billionaires, that profit does not matter. They think simply existing in the market is the value, and actual profit is irrelevant.
I think it’s some kind of cope or something. Something to put in your overpriced learning program to make everyone not insecure. What’s the point if there’s no profit?
It's not the percentage dragons aren't happy with in most videos. It's the value they are suggesting the business is at. They've invested for 1% before
The way those two lads walked in at the beginning of the video made them look like a pair of chubby bouncers looking for a fight, but at the same time not completely convinced they want it.
@@annajones9701 Depends upon your definition of "nice" , arrogant would be my word to describe them followed by ignorant. 200k turnover and never made a profit, yet value the business at millions LOL
Good job Duncan wasn't around for this one. He would have necked a pint of gin and offered them all the money without asking any questions about the figures.
I think this might be the first time these two public school (I’m guessing rugby heads) have ever had anyone burst their privilege bubble. How did they even have the money to start this business...bank of mum & dad for sure.
"You believe that your company is worth 6x revenue, you are delusional." Yesterday, I just watched Peter ask two attractive women for the company "Yhangry," why they valued their company at 2.5 million pounds. One of the women said if they can make 2.5 million pounds in year five, the company would be worth 10x revenue. Peter then said, "fair enough," and everybody laughed. They also claimed they would be making 25 million pounds in 2025 (and they gave these numbers coming from the "financial sector!"). There is definitely bias going on.
@@everything_nintendo You please do some research. You didn't even watch the video I'm referencing. From May 2019-May 2020, they only made 40,000-45,000 pounds. For any company, that's called a failure. Absolute failure. Add to that, their company is competing with other eateries, including the highly contested restaurant industry, which the other two dragons who have extensive knowledge (Sara and Deborah) referenced as the reason for going out.
Dragons Den casually replaces one balding short dude wearing glasses with another, assuming, correctly it turns out, that I wouldn't notice the first time through
I may not understand the UK perfectly, but do people really buy gin because of heritage and story? I tend to buy really high end (and also more normal) liquor and have never looked at the story. I only care about quality, flavor, age, and where it’s generally from. Even if I would know some old English muppet from the 1200’s has been hammering his golden sword on a barrel of berries on the hills of Yorkshire to make this drink, I wouldn’t care.
I don't,I buy what I like the taste of ,but I do get that it may be a reason for trying the product in the first place. Though personally speaking I think price has a bigger influence than heritage
A majority of people will be convinced by the right history of a product initially before trying. Once they try and taste, that will then dictate the next step.
People do indeed buy into heritage and story behind a brand. A lot of food and drink TV adverts begin with "since xyz we have been making blah blah blah" and it lends legitimacy to the product and makes people trust it more I would say.
When they said Cranes, it got my attention - my cousins in MI own Cranes Pie Pantry and they're well known for their Hard Cider. (If you google Cranes hard cider it's actually the first thing that comes up.) lol
Shark tank USA, Australia they would definitely have got investment. You won't get quizzed on the financials there. Dragons Den UK are the toughest and really drill down into the minutiae of the financials.
I just read online the Peter is now a billionaire.. Thats nice. 😊. The article Peter: 1.1 billion Tej: 450 million Touker: 200 million Deborah: 40 million
I'd love to taste that Gin, never been able to drink Juniper Gin since drinking 1/2 bottle at 14 years old 🥴 Christmas Day Sucked that Christmas 45 years ago 😂🤣
I‘m always confused how many people come into the Den with valuations that are so unreasonable. I get that you want to start high, because you want to project confidence in your brand and want to give the Dragons room to bargain… But you still need to remain in the area of reality, where you can defend the valuation with the numbers you have. It‘s like many of these people have never seen the show.
'So far we have made a loss of £165k'. ' 'So I'm am willing to increase my offer from 2% to 4%' (50% off sale today only) That gives the company a £2,000,000 valuation. Cletus Spuckler, from the Simpsons must be their accountant.
10:41 "We don't know exactly what you guys can offer." Personally, if I were an entrepreneur, I would do at least a little research into each dragon to get an idea of each one's speciality, what they could add to my business, what connections they have and ultimately, who could be the biggest boost to my business. But hey, what do I know? These guys are the actual entrepreneurs who think they can go to the den offering 2% for £80k in a business making multiple losses so they must know exactly what they're doing and I'm in no position to judge.🤔🤨😒
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Pp
Entrepreneurs: we will offer you 2% of our company
Touker: *is asleep in bed*
I don't get out of bed for 2%
@Bonneige Bukasa I know but I changed it because they offered 2% lol
This wins
Thats why it wasn't there lol
Excellent comment. Clever.
“Sorry for insulting you”
“No, that’s alright” 😂
LOL
I wanted him to add quietly after that :" ...I get insulted all the time."
such a dumb thing to say too. Sorry for insulting you says "yeah I insulted you on purpose so I'm sorry", if they said "sorry if you felt insulted" its a different animal. These guys never worked in inside sales or customer service.
@@matisan8407 it's easy to express yourself incorrectly when under pressure and in front of the camera. He probably thought the same thing the moment he said it.
@@matisan8407 Utter rubbish. If someone explicitly says "you insulted me", apologising for insulting them in no way, shape or form implies that the insult was deliberate. In fact, if it was deliberate you're unlikely to apologise at all for it!
I love how Sarah is always working on getting results. She's like a teacher for new entrepreneurs, she literally tried to fix their pitch
Sarah left the show after series 14. Think you mean Sara...
@@alanw4589 it's not like they have title cards for the Dragons in these videos. René here probably doesn't know that Blonde Sara spells her name differently than Restaurant Sarah
@@alanw4589 I think you know exactly who they were referring to…
@@alanw4589 you know exactly what they’re talking about so why correct them
Peter immediately closed his notebook after the loses were revealed. That was quick😗😗 he said 🏃♂️💨💨💨
Lol. 99% of companies lose money in the first three years since that is called start up cost amortization . Most people including peter have no clue about business and some people who got rich in business got lucky. A family member of mine is super rich but knows nothing about business but his business is doing extremely well to the point he owns a 21,000 square foot home. He was such a louse in business that his dumbest employee was robbing him for five years to the point of building a nice house from it and he would not have known if a customer didnt make a mistake on one of the transaction on a return that saw him get a rebate for entire cost of the product when he didnt return the entire product that was worth three hundred thousand .
Entrepreneurs: *giving out free alcoholic drinks*
Jenny: *outside the building* LET ME INNNNNNNN!!!!!
Jenny: I’m out.
@@rigbytv203 (...of mixers 😱)
The ONE time she actually wanted to be in, and she's LOCKED OUT!
Its not good to be racist!
@@Riseofanakin tf you talking about?
You'd swear half the people pitching haven't even watched the show/seen what sort of offers are likely to get a deal.
Ikr
They likely just wanted exposure. They’re absolutely massive now.
Since the company is valued at 4 mil, itd be more appealing for an investor to buy 10% equity for 400k. Itd be much more likely for a deal.
they've seen it. they go on for the exposure not to actually get a deal. most of them know damm well they're not getting a deal; that's intentional.
@@Racing_Fox413 They are? A simple check reveals they are absolutely tiny. They still aren't profitable, from the looks of it because they pay themselves high salaries. They only have 5 employees and their net value is very small.
5:35 Peter hears the business is going to make 600k revenue but still going to have a loss. Peter just closes his book😂. He had heard enough.
Turnover is vanity, profit is sanity...
Surprised they didn't ask about gross profit. To at least know the potential for profit once they stop investing in aggressive growth
The secret of high startup valuations is not making a profit. It prevents investors from getting to a sensible valuation. Even better, a pre revenue startup!
Entrepreneurs: "Would you feel better if we increased our asking to 4%?"
Sara: "You've really insulted me now!"
Me: They have clearly misunderstood who they are pitching to...
They were clearly there just to advertise their business for free. No interest in an actual investment.
And, I'm surprised they didn't get called out on that, or maybe they did in the full episode - PJ is usually all over that.
She was hoping more like 40%
Honestly I’d imagine most of the businesses get on here for exposure and nothing else.
It’s relatively known that the majority of the deals that come through on camera fall apart in the off camera negotiations afterwards.
@@FuburLuck I disagree. Their advertisement would have been far superior if they spent the time discussing how great they are instead of being attacked. If anything they should have greatly undervalued the business if they were just going for publicity.
Sarah, is actually a very good replacement for Jenny. She has a lot of good advice to be fair.
She is outstanding, a straight hitter , very honest and fair, does not suffer fools gladly.
She's done some of the most investments since she's joined.
I admire Sarah so much, you can tell she'd be a joy to work with!
@@anishj8935 only if you do your job. I would imagine if you slacked off or weren’t enough efficient she would let you know in no uncertain ways. She would be fair though
Sarah's one of my favourite Dragon's - and the second best female after Deborah
That laugh from Theo at 5:49 🤣🤣🤣🤣🤣🤣🤣
Said it all really didn't it lol
They didn’t want an investment, they wanted to get free exposure.
Exactly, they're either incredibly clever or incredibly dumb
Correct that's why the dragons saw that at the end and lambasted their dumb cranberry concept.
Thats the only reason other wise a spoof.
Exactly
Exposed their stupidity alright lol
I LOVE Sara. She is such an empathetic person and to make her react like that and almost laugh in your face in total shock and say that she’s insulted, then you’ve fucked up bro.
those annoying guys that went to private school, who go on about rugby and say, 'Absolutely' all the time. They also need bigger shirts......Also saying apple juice is vegan friendly and gluten free is like saying water is vegan friendly and gluten free....
that start every sentence with "so" and throw in "obviously" now and again.
I had exactly the same thought too 🤣
The rugby guys say "fair play" every sentence
So we’re hating on them because they’re better educated and parents have a bit more dosh and they, um, need bigger shirts? People who went to public school dress badly too.
@@ah7910 There you go... I was waiting for it... and here it is... the virtue signaler....welcome to 2020, 2021. Well done you.. defender of the "absolutely" guys... Youre an amazing human being...
Watched whilst lying in bed. Suffice to say, I didn't get out of bed when I heard 2%
"We don't know what you guys can offer... "
And yet they came to the Den. Sigh
That combined with the ridiculous evaluation. How insulting to the Dragons.
This is highly secret information concealed from the public on a little known computer network called the "internet".
Would've been worded better as "don't know what you're WILLING to offer"
To be fair I think they were more referring to what type of valuation “offer” they had in mind. The dragons were all so far out that they weren’t willing to give the guys their thoughts on where they should be valued other than saying they were way off the mark. The dragons should have said I will give you the money for 50% and see what conversation happened
I remember an episode where I dude looked right in Suleymans eyes and said "Yeah, but whos Touker?" 🤯🤯
You really dont even know his name? Or maybe he was being condescending - either way not a good way to get an investment. Plus youd that Touker's commitment to monogramming his things would give it away lol
"As long as we believe in it - it's all that matters"
Headdesk...
These guys come across like a pair of Foxtons estate agents with their ludicrous evaluation.
10.44"We don't know what you guys can offer". Must have been drunk on their gin asking such condescending nonsense to a group of individuals who between them have generated
billions of revenue..
So true. Foxtons valued my house 100k more than market value. Think these two must have worked there
Foxtons 👍👍
In their Mini
@@immyraja5925 I had exactly the same issue. Then about a few weeks later when you get no offers they say, "hmm, maybe your price is a little expensive". All this on top of their 3% fees.
@@cun7us I didn’t even get that far. Saw their 3% fees and decided to go elsewhere
Sara is great. She gave them a lifeline and they blew it.
Absolutely disconnected chads. Basically coming in to try and get a dragon to bail them out of their utter delusion.
Doubt it. I'd do the same. Free publicity. Never give your creation away for cheap. Investors are plentiful these days.
Jenny was too embarrassed to ask her fellow dragons for money so she sent her 2 strapping lads to do it instead.
😂😂😂
Her 2 strapping lads work OUT a lot.
Mate 😂
@@gamewithadam7235 👏🏻👏🏻👏🏻 (They must get it from their mum...🤔)
Theo "My kids' inheritance" Pathetis
I know Theo has had sex.
He annoys me.
I sometimes think that some people actually come on here to advertise their products rather than get a deal done because why would you offer such little equity(3-5%) and not even offer reasons why you aren't flexible with the valuation??
I think it's just naivety and emotional attachment. They'd get exactly the same advertising (maybe even better) if they gave a realistic valuation then just didn't take up the investment (you can accept on the show then decline after for any reason).
It’s not even good PR when they get roasted like this
@@jamest3336 It IS good PR.
Because their customers only care for the product, and the product did great in the show.
Who cares how they evaluate their company? Certainly not those that buy the Cider/Gin. If anything it's better to overevaluate your brand then underevaluate it (in case you don't want to sell the company anyway).
@@peterpan4038 I agree and I think not everyone watching Dragon’s Den on tv (not TH-cam) would have a favorable views of the Dragons and would thus not necessarily have a negative opinion of the encounter
@@peterpan4038 So you think watching them being berated for not valuing their company correctly is more beneficial to their brand than watching dragons fighting over each other to invest while showering it in compliments?
2% stake. Why would a dragon ever accept such small a equity. 🤦♂️
Because they aren't as subject to unit bias as the average TH-cam commenter?
@@ArcaneAnouki After dilutions their share will be worth even less. Why would they spend. Their time on this and not invest somewhere else where they have a bigger stake in ?
@@billykotsos4642 because a 2% share of a business making 100 million in sales annually would be a prudent investment?
They've invested in businesses for 1% before...
For a business that makes millions 2% is a great deal. For this business it's insane.
This was in Asda and I've actually tried their cider which is quite light and tasty. I tried re-ordering it but Asda don't seem to stock the product anymore. Hope they're still doing well.
The attitude and mentality of a lot of graduates is incredible.
Give me someone who does not think the worlds owes them any day.
Hunger and desire is everything when running your own business.
@@BLRSharpLight I know some graduate made £100k to £300k before graduation trading or working on some fun tech business. Is possible if driven and smart. Most students are not
Anyone else laugh when they said they'll go up to 4%? Maybe 40% would have got them interested.
It really was the kind of moment where you realized that they did not understand a single word that has been told to them up to this point…
But it also makes you wonder if they have ever seen the show! What makes them think anybody would come in on such low numbers?
Yea I think 10% would be a good start for negotiation, moving up to 15 most likely but 2 is nuts
That line got me
yes adam ,,,,,,,,i had to go back watch it again,,,,,,,4%????? then yep i was right ,,it was 4%............heee hee heeee.......funny programe,,,,,lol
@@cookiekilbane5989 I would say 20 maybe 25, that puts them at about 400k I think that’s pretty decent for what they’ve built
I love DD but has anyone noticed that nowadays the businesses pitching are all the same type - food and beverage, something eco friendly, vegan, sugar free, etc. So many of these types of businesses in the den.
I’ve definitely noticed the same trend.
It’s also too common to have these food and beverage pitches always having some level of health conscious - vegan, gluten free, no sugar etc which I understand but at the same time, when there’s so many of these pitches it shows that they’re not any different to what else is on the market
Well, anyone building anything of worth (read: IT) doesn't need to come on the den for investment, and anything that isn't food can just be made in China and sold on Amazon.
@@oDannyMitchello Well done on adding absolutely nothing, which I'm sure is a daily occurrence for you.
@@shanethesaiyan511 exactly! There’s nothing wrong with a few but sometimes I wonder if the dragons must internally roll their eyes and think, “not again...” most of these businesses have a great ethos behind them yes, but Dragon’s Den is a platform for all companies, not just those with eco-friendly, sustainable, vegan and so on credentials!
@@oDannyMitchello Your mind went to some weirdly specific places, so I think you must be projecting there, buddy. Maybe you've done nothing of worth in your own life, so the unconditional love of your family is the only thing you have left to cling to?
But yeah, "they're called trends" - what exactly did you think you were adding to the conversation? Zero.
The expressions on Peter's face is always classic lol
' We met like 30 years ago in the womb ' 24 seconds into the video and already this happened 🤣🤣🤣🤣
For three years the company grew bigger but on the same time had a considerable losses,who on earth going to invest in such enterprise particularly with that %2 equity they offered.
Ngl I sniggered exactly the same as Theo did at 5:47, and to insult someone like Sara is no mean feat
I love how Theo always says "his kids inheritance" He's got his kids back unlike a number of other guys who won't help their own kids even though they're rich af.
Yeah, I like the guy for that. A lot of rich fuckers think it's noble or something for their kids to toil for a lifetime just because everyone else has to. Rescue your kids from the day to day grind and let them truly live. Yeah I get it, have them get some life experience, be part of the business and all that, but set them up so they never have to worry at least. Most of life is worrying about money and it sucks.
@@TheGrandmaster1 It is certainly noble... The conservation and concentration of wealth within the select elite is irrefutably the cause of a huge amount of the inequality we see in the world today. Get rid of inheritance and the world would be a MUCH more equal place.
Perhaps most of your life is spent worrying about money, but if you have a tiny bit of competence (and aren't incredibly greedy) there's no reason why that should be the case. Being money-hungry is not a desirable quality to those who aren't vacuous.
@@calsmyth4483 do you have any basis for this statement whatsoever? It really is laughable!
Sarah seems like the only real person on that show, I don't think she gets enough credit. She seems to actually have conversations with people, whereas the others just act like stuck up talent show judges.
Great comment 👍
These little brats were 12 years old when this show started. It seems they barely watched any episodes for the last 16 years. How can you say to the dragons: "We don't know exactly what you guys can offer" (10:28). Mind-boggling.
Very sad
Absolutely. I remember an episode with Duncan in it, and some woman was trying to get an investment for a falconry. she said that she didn't know who the Dragons were, and what they could do for the business. Despite that, she got an offer from Duncan.
Even if they didn't watch episodes, I imagine you could probably find a list of every company Peter Jones is/was a important staff member is and get an idea of where his specialities and connections are.
Listen to the behind-the-scenes. Most of the time the dragons offer very little if anything. It's business, what they say and what they do are separate things.
Jenny missed out on gin. She's definitely a gin girl.
She’s a ‘gOUT’ girl
Ginger Ale....
And she would have understood these boys as she has two strapping lads herself
I knew I recognised this business from somewhere. They've had 3 funding rounds via crowdfunding, £250k each time in 2016, 2018 (£2M val) and more recently in May 2020 at a £4M valuation.
The problem is crowdfunding sites are awash with inexperienced investors buying very small amounts, and don't even consider whether the valuation makes any sense. These guys have obviously not understood this, and really think their business is worth these ridiculous sums, and apparently expected the Dragons would too.
That's actually some really good insight into how a businesses value differs by investment platform
Any dragon is absent Theo is there to take his/her seat 💺
Jenny missed "out" on the free drinks.
But Kelly hoppen and piers linny never made investments
@@topnotchadvice3375 Yes they did. Have you even made an attempt to research or are you just that ignorant?
@@SimulatorWhiz I’ve been watching dragons den for years and Jenny Campbell has made more investments then Kelly and piers linny don’t think u know it all mate cuz u don’t grow up instead of trying to insult peoplen
@@topnotchadvice3375 Jenny, is that you?
I'm jenny im out
If we increase to 4% would that make a difference? Oh my god how I laughed. 😂😂😂
As long as we believe in it that’s all that matters. Aye, tell that to your accountant lads... 😂
Theo, Tej and Peter in the same room? What is happening
CGI?
Theo is filling in for touker
The Ocean Spray company would bury them in terms of cranberries
Does Ocean Spray have alcoholic drinks?
They got cranburied
2% equity far far too light. 20% or more would be more accurate.
I doubt a Dragon would be interested in much less than a third of the business
They look straight out of a Disney movie.
young people today, have learned a wrong lesson from some overnight tech billionaires, that profit does not matter. They think simply existing in the market is the value, and actual profit is irrelevant.
Nailed it!
I think it’s some kind of cope or something. Something to put in your overpriced learning program to make everyone not insecure. What’s the point if there’s no profit?
Yay, just finished brunch but I’ll watch with my water bottle
I’m going for seconds lol.
😀😆😆
Snuggle time yay
Is it a Stay60?
Peter Jones wasn’t impressed enough to call them:
‘a couple of likely Lads’
"I come from Somerset where the cider apples grow" 😂👌
It's not the percentage dragons aren't happy with in most videos. It's the value they are suggesting the business is at. They've invested for 1% before
Theos little laugh LMFAO 5:54
Theo looking like master splinter these days
I don’t think I’ve ever seen Touker snort before. That’s when you know you done fucked up.
They edited it out but Jenny turned up at the window and started shouting ‘I’m out!!! I’m out!!!’ They had to call security.
Listen again carefully....she's actually saying...'I'm out, I'm out, free drinks..let me in'.
Beardie has a lil Tom Cruise about him at the start when he flashes the smile.
Someone wake up Touker.. He doesnt get off his bed for 2%, but for 4% he's in
The way those two lads walked in at the beginning of the video made them look like a pair of chubby bouncers looking for a fight, but at the same time not completely convinced they want it.
They both have very punch able faces to be fair!
@@andrewgurney6019 Haha!
@@andrewgurney6019 why? Both seem nice
@@annajones9701 They radiate douce-bags to me.
@@annajones9701 Depends upon your definition of "nice" , arrogant would be my word to describe them followed by ignorant. 200k turnover and never made a profit, yet value the business at millions LOL
7:12 currently evaluating his life choices up til this moment
_Hello darkness my old friend..._
I'm convinced pitches with these valuations don't actually want an investment, they just want some national screen time to advertise.
Good job Duncan wasn't around for this one. He would have necked a pint of gin and offered them all the money without asking any questions about the figures.
I think this might be the first time these two public school (I’m guessing rugby heads) have ever had anyone burst their privilege bubble. How did they even have the money to start this business...bank of mum & dad for sure.
Public school? Not private? Definitely got some angel investors for parents or grandparents.
@@wintermute8315 in the UK public school = private.
@@wintermute8315 A public school is a very particular kind of fee paying private school in the UK. It’s not the same as a state comprehensive.
Yawn
@@1yearago491 Yawn
Theo’s snicker is why I watch these
0:07 - "We're men. We're manly men. We walk the walk and talk the talk."
"You believe that your company is worth 6x revenue, you are delusional." Yesterday, I just watched Peter ask two attractive women for the company "Yhangry," why they valued their company at 2.5 million pounds. One of the women said if they can make 2.5 million pounds in year five, the company would be worth 10x revenue. Peter then said, "fair enough," and everybody laughed. They also claimed they would be making 25 million pounds in 2025 (and they gave these numbers coming from the "financial sector!"). There is definitely bias going on.
Peter is probably the most inconsistent dragon in the whole show.
@@everything_nintendo true
Yes I saw that too…
@@everything_nintendo You please do some research. You didn't even watch the video I'm referencing. From May 2019-May 2020, they only made 40,000-45,000 pounds. For any company, that's called a failure. Absolute failure. Add to that, their company is competing with other eateries, including the highly contested restaurant industry, which the other two dragons who have extensive knowledge (Sara and Deborah) referenced as the reason for going out.
@@DarkReapersGrim1 like mentioned above, Peter is inconsistent and different industries dont grow the same way. There's your answer
Oh bless him!! “Sorry for insulting you”
We’ve been mixing our liquor with cranberry juice for years
AAAAA Yes!! Theo the Fetus is back with the big questions...
Theo: Do you come here often??
Also Theo: When did you form??
Dragons Den casually replaces one balding short dude wearing glasses with another, assuming, correctly it turns out, that I wouldn't notice the first time through
Theo was only replacing Touker for a few episodes I think and now he’s back
"We've made zero, so six times zero is 4 million, and we'll give you 2.5% for 80K". "OK, how about 4%?".
'We believe in our product. That's all that matters.'
"As long as we believe in it, that's all that matters" Not when your looking for an investor it isn't.
How is Tej CEO & owner of a vitamin empire when he looks like he's sufferring from the worst vitamin deficiency ever in a human being..??? 😳😅😅
Touker sensed that it was 2% and morphed into Theo so he didn't have to get out of bed
HAHAHA think this is the first time I’ve ever laughed out loud watching one of these. Sara Davies gold 🤣🤣
Proof that not everyone/ every idea needs to be a business or business person
Sara Davies is proving to be one of the best dragons.
Just give Peter Jones a knighthood already
They were not "INTOXICATED"-best narrator 🤣🤣🤣
I may not understand the UK perfectly, but do people really buy gin because of heritage and story? I tend to buy really high end (and also more normal) liquor and have never looked at the story. I only care about quality, flavor, age, and where it’s generally from. Even if I would know some old English muppet from the 1200’s has been hammering his golden sword on a barrel of berries on the hills of Yorkshire to make this drink, I wouldn’t care.
I don't,I buy what I like the taste of ,but I do get that it may be a reason for trying the product in the first place.
Though personally speaking I think price has a bigger influence than heritage
A majority of people will be convinced by the right history of a product initially before trying. Once they try and taste, that will then dictate the next step.
People do indeed buy into heritage and story behind a brand. A lot of food and drink TV adverts begin with "since xyz we have been making blah blah blah" and it lends legitimacy to the product and makes people trust it more I would say.
Depends how passionate you are about the category. I don't care for gin but I do care about whisky, and heritage matters to me
Lockdown really had me watching so many things
It was a God send to me. I'm sorry for people who cannot use modern technology.
‘If you can argue your case we can give you more equity’ okay Mr business management, good luck with that 🤣🤣
Theo cracking up cracked me up 😂
When they said Cranes, it got my attention -
my cousins in MI own Cranes Pie Pantry and they're well known for their Hard Cider.
(If you google Cranes hard cider it's actually the first thing that comes up.)
lol
Shark tank USA, Australia they would definitely have got investment. You won't get quizzed on the financials there.
Dragons Den UK are the toughest and really drill down into the minutiae of the financials.
The dragons punish some people a LOT more than others even when they both come with ridiculous offers. Half this video was about valuation
I just read online the Peter is now a billionaire.. Thats nice. 😊.
The article
Peter: 1.1 billion
Tej: 450 million
Touker: 200 million
Deborah: 40 million
Yeah, but Deborah has patents
I read he made like 700 million this year
He is NOT a billionaire,that's his company turnover.
According to the Sunday Times rich list Peter Jones has a net worth of £450 million
@@davidmellish3295 Wikipedia says the entrepreneur Peter Jones has a net worth of 1.157 billion as of 2021
@@ArcaneAnouki Wikipedia is wrong and can be edited by anyone. The Sunday Times rich is is much more credible
The twins are smokin' hott!!! 🔥 🔥 🔥
Absolutely
It's so nice to see Theo back
I'd love to taste that Gin, never been able to drink Juniper Gin since drinking 1/2 bottle at 14 years old 🥴 Christmas Day Sucked that Christmas 45 years ago 😂🤣
Never seen people look THIS southern
What a couple of absolute clowns. Sarah gave them a massive out there and their greed just shone right through.
I‘m always confused how many people come into the Den with valuations that are so unreasonable.
I get that you want to start high, because you want to project confidence in your brand and want to give the Dragons room to bargain…
But you still need to remain in the area of reality, where you can defend the valuation with the numbers you have.
It‘s like many of these people have never seen the show.
I like how one of them has their shirt buttoned up all the way and the other has his buttons undone, showin off chest ❤
Plz keep the daily uploads coming
11:05 hahaha that shot "WHAT THE §$!# YOU SAY TO ME"
And now this is in every superstore, they missed out.
Their brand mantra was low sugar so yes they can have same umbrella brand across different range
'So far we have made a loss of £165k'. '
'So I'm am willing to increase my offer from 2% to 4%' (50% off sale today only)
That gives the company a £2,000,000 valuation.
Cletus Spuckler, from the Simpsons must be their accountant.
Any business person who spouts about potential exit prices before even establishing a profit worth bragging about needs to be given a reality check.
3:06 Nooo Theo one of those creeps at the pub lmao
LMFAO
10:41 "We don't know exactly what you guys can offer." Personally, if I were an entrepreneur, I would do at least a little research into each dragon to get an idea of each one's speciality, what they could add to my business, what connections they have and ultimately, who could be the biggest boost to my business. But hey, what do I know? These guys are the actual entrepreneurs who think they can go to the den offering 2% for £80k in a business making multiple losses so they must know exactly what they're doing and I'm in no position to judge.🤔🤨😒
As he said at the end 'the price may be a little punchy' ......The dragons are thinking they're punch drunk.