Entrepreneurs Attempt To Hide Shareholder’s Identity | Dragons’ Den
ฝัง
- เผยแพร่เมื่อ 18 พ.ค. 2021
- Steve Pearce and Sam Coley pitch their tech start-up and you may assume that they are towards the beginning of their business journey. However, that would be remiss when it comes to TickX. They're seeking an investment of £75,000 in return for a 5% equity stake, but who is this controlling shareholder?
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #TickX #Confidentialities - บันเทิง
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Lol, Peter was having none of it. "I've no problem with Ministry of Sound". LMAO
Savage.
Technically it was Peter who revealed them on tv, not these guys so they’re good.
If the reveal was a problem for them then they would have asked the BBC to cut it from the broadcast.
@@alanw4589 If the reveal wasn't a problem for them they'd have divulged the information in the first place. Regardless of "who said it", the agreement is with these guys and they handed over the paperwork. They did say "the CEO likes to control his own press", and by handing over that document it's out of his and their control.
Peter gives zero f*cks lol
The Dragons are correct when asking them for money everything must be known to them.
@@alanw4589 actually they had already signed the broadcasting contract so it would have been tough titties.
I laughed so hard when peter said “I have no problem with the ministry of sound” 😂😂😂😂😂😂😂
He was having none of that nonsense lol
Hahahahaha
Lol Peter woke up and chose violence
Peter always does 🤣
Peter The Destroyer.
💀💀💀
Peter loves to be aggressive
dragons den out here memeing
Peter revealing the name after reading the agreement… 😄😄😄👌
thats such a dick move 🤣🤣
Good on him, the kids were being amateurs
@@mostlikely... yea they were being too "high profile"
@@murtaza-6 no it was fine. The shareholders trying to prevent their own name being disclosed was the real dick move. Peter got one up on MoS. Nobody can intimidate the dragons in their own den.
@@joseki6644 a dick move yet quite savage 😌🤌🏻
"I have no problem with the Ministry of sound"
This is why Peter is my favourite dragon 😂
He’s so annoying
I thought it was a joke, like "ministry of truth".
Yeah not sure he was being serious there...
@@Shivian124 it's Peter. He would have been
The way Peter revealed their secret what a savage😂😂
He said ‘it’s ridiculous’ referring to not revealing names.. saying to the guys that they agreed to everything being revealed on air. I take it that DD is his production.
Not really. You clearly don't understand how contracts/NDAs work
I loved it when Peter announced the shareholder lol. The CEO of Ministry Of Sound can do one.
Ye especially the way these guys were smiling at the end defo weren’t serious about a investment. Only free advertising
@@fsu3941 they can't announce it, Peter did them a favour
@@fsu3941 That "smile" to me read more as an I can't believe you just did that. And you can see the nervousness in their demeanor. I smile\laugh when I'm nervous or uncomfortable. It's some people's natural defence mechanism.
Staged
Staged is awesome 😎
If only Toucker had offered them some Dagenham office space.
Is that where they are in Dagenham? bwahahaha I wouldn't be shouting about having offices in the ass end of Dagenham that's for sure 😂 I always thought by the way he banged on about them that they was in the west end or the city lol
I got a hound and a pig so I collectively named them Dagenham
@@richierich4810 well I'd rather have offices in Dagenham with his assts and income, than offices in the Square Mile and be £10m in debt.
@@troo_story You gotta think big my friend ;)
😂😂😂😂😂
Nick was such a great dragon.
why?
I love his little beard
@@jonnybirchyboy1560 and that is just the one on his balls !
Agreed, he's probably my favourite Dragon, besides Duncan.
richard farleigh easily the best ! wanted to invest in every project, was thinking " what is good in this product ?" and not " what is bad ?" like all other dragons,
and at same time was realistic and kind with people. Really a great guy
peter really came through for the audience wanting to know hahah
Two guys:We can't reveal who on air:
Peter: Oh, Ministry of Sound they are okay
Peter is such a good salesman he got Nick into the deal with one sentence
What a Huge mistakes , could you imagine what Touka's office space in London could of done for this business, it would of been revolutionary.
Such a lame joke
Have
@@royfr8136 takes a special kind of loser to correct Grammer on TH-cam videos.
@@BAGofTALENT I assume you misspelled grammar on purpose but I still think this was hilarious.
@@BAGofTALENT It takes a special kind of loser to make such a grammatical mistake.
Peter telling the room it was ministry of sound was a power move to show how powerful in business he really is, bravo!
How does it show "power"? There's no law against revealing that information - even the set cleaner could have read out the name on camera without consequence.
To me it simply shows disrespect.
@@callum9999 I appreciate your opinion.
What a weird comment...how does that show power? 😅 Peter can say what he wants. All he did was make life more difficult for the two young lads.
@@devanman7920 62 people understood but you and the numpty above don’t.
Your mother autor have aborted you
7:27 Peter Jones “Sue-me” face🤣🤣🤣
For the one's who's wondering. They have now raised 3.9 million since they started the company. And yeah, I'm eating pasta today.
Not in the age of Corona they're not 😂
@@WobblesandBean Well this was obviously before corona. the seed round was 2017-2018 i believe 😄
Yes whilst making huge losses and apparently changing their whole approach from a search engine for events to selling booking solutions directly to companies.
@@benniObenni 2016
@Scrub Dog ye, or mojo concerts in the Netherlands, they organise 90% of concerts etc. You just don't beat that
The way Peter exposed the name of the company was jokessssss
Jenny: It’s more profitable to buy the tickets and sell them on. So for that reason, I’m tout.
Peter is such a savage the way he revealed the name 😂😂😂
Nope....just running his voice box. Nothing new.
Can't believe we made it nearly 12 mins into the video without Touker speaking
That’s just how they edited it.
3 minutes in and he's speaking
This is one of those businesses that come in to the Den solely for free marketing. These guys just wanted their name out there.
That's my guess as well
I hate those type when there’s somebody who could really need the opportunity smh
Actually according to the story, they were featured in a news article and the producers of Dragons Den invited them, two weeks later there they were without need of applying. Knowing that and thinking back to what I just watched, it makes more sense given they never tried to get on the show, hence they were never going to be faced with revealing stakeholders.
WRONG. The fact the the MoS was revealed was a massive embarrassment to them and hence why the product failed.
Hmm..does it really work though? I've forgotten their name already. They should have taken the deal.
Touker needs office space because he's given it all away
Touker, the only dragon left: I'm not willing to drop my percentage and for that reason I'm out.
Entrepreneurs: (BIG SIGH) THANK YOU!!!
It's a shame they would have converted Touker's offices to Ministry of Sound nightclub for free.
‘The other dragon we’re interested in is Sarah’.
I’ll bet you are.
I am more of a Rachel elnaugh man myself, but I understand the attraction
@@lukebignell7846 Have you seen her recently? She's clapped.
@@lukebignell7846 Rachel has a very seductive voice.
She has cracking knockers doesn't she
( ͡° ͜ʖ ͡°)
I love how Peter played by the rules but exploited a loophole. Shareholder doesn’t want his name said? Fine. I won’t say it, but the company is blank. That’s the vibe I got. His devilish smile directly after was too funny!
Damn they tried to reduce the equity and all 3 dragons just declare themselves out. That’s tough
The dragons realised these guys were not there for investment. They just came on the show to promote their website. The fact that they could not move at all on the percentage proves that.
@@makatelli Well as they said they have 3 shareholders with one having already 15%+20% they were asking + the other two is basically somewhere around 60% of their company and there are two of them so there's also that. And they wanted to buy more than the initial invester for the same price XD
Kindly add the date when the episode aired in the description
As soon as Big Pete said ""I've got no problem with Ministry of Sound" I would've just said "oK Peter, fuhc the other dragons how much percentage do you want?"
I couldn't form and market a business myself but those two seemed like they'd got ambitious after their gap year.
"...I hope we don't regret it."
In other words, you already regret it.
*Darth Vader:* "I'm the biggest supervillain in the universe"
*Peter Jones:* "Hold my beer"
The short guy looks like the guy from the show the Good Doctor lol
That's exactly what I thought!
Would love it if they outed a dragon for that.
"We asked you to be confidential about our other shareholders, you didnt, i dont wanna work with people i cant trust, we dont want your investment, youre out"
He told them in no uncertain terms that it wasn't going to be confidential like 5 seconds earlier. They decided they were okay with it before they revealed the contract to him.
This is basically the Harry and Paul sketch where Alan Sugar is pitching the Amstrad email-telephone to the dragons. He shouts your fired at each dragon before they can say they are out.
@@Tom_Het no, he told them HE needed to know. i'm sure they assumed, like any reasonable person would that they could give him the info w|o revealing it on air. that was clear.
I would have. That was Bs when he did that.
*dragon wipes tears with pile of money*
The only reason Peter wanted to see the shareholder contract was so he could trot out his "you've already given 15% for 75K so why not give us 10%?" as if he's unaware that the value of a company increases as the company grows..
not necessarily, many companies fold too!
Sometimes yes and sometimes no. It depends...
@@Albimar17 exactly
He can also see when that contract happened.
I like how you say this even though you're unaware if the company has grown since that investment because you dont have any of the information that was on that paper.
Well technically these guys didn't say who was the silent investor, peter did lol
Peter was a savage for name dropping 😂😂😂😂😂
Company update: so life after the den was a struggle for the first year. Yet the company jumped immensely in terms of second year profits which came out at 17.9 million. The angel shareholders eventually released their equity directly back to the zoo keepers who then made a VAT receipt that was shipped to Cornwall. And I have no idea what I’m talking about
You got me 🤣
YSOB 😆
lol, I paused at angel shareholders like what...
Made monkeys our of people?
No worries Andy B. At least you admit you don't know what you are talking about, but what you have written is amusing.
This Peter guy was so brutal 😂😂
It wasn't brutal at all absolutely right. When you're in front of millionaire investors you should have nothing to hide.
@Awesome Metal Bands Official it shows how absolutely naive and unprofessional some of these people are. That's like going to a bank to get a business loan and when they ask about the business saying sorry I can't tell you. You don't approach potential investors and ask for money but refuse to give any information about your finances or other investors.
I love Peter :)
I really don't get why those guys didn't even try to make a counter-offer to at least tempt the dragons. Should have offered 7,5% each to Peter & Nick with a clawback of 2,5 when their investment is repaid.
Because they couldn't.
@@troo_story why couldn't they? Maybe they did not want to, but nowhere did I hear anything that made this impossible
@@msc8090 They would have agreed the limits of what they can offer with their existing shareholders in advance.
@@thomasdalton1508 of course they would, but they must have known that there has to be some room for negotiations. They behaved like they just came for the free advertisement, not like they wanted a deal
@@msc8090 A lot of people seem to turn up the den with very little room to negotiate. It's foolish (unless they are just looking for free publicity), but happens a lot. Perhaps they couldn't go beyond 7.5% or something and they knew no dragon would never halve their bid.
This is my favorite line up of Dragons
Here in Australia usually only 1 ticket provider is selling the tickets for a concert. Like I could only buy Pink tickets on Ticketmaster. They were the original and only provider for decades and are still #1
Better system
What about if you want to resell the tickets?
Tickettek?
@@footballoldboy4818 the gov control that
Pink hahaha
Nick and Peter will come up with the same idea, rebrand it and take over the event industry.
Yooo lunchtime gang!😋💜
Southern fried chicken pasta with sweetcorn in a yoghurt and herb dressing.
@@SWUploads971 😍😍
Hahaha this is mad, I thought it was just me, chicken and rice gang gang 😎👍
Working is for suckers!
🌭☕
When the entrepreneur is asking for money and only a very small slice of the business in return, it can only mean that there are other major owners crowding in and there isn't much left to give up.
And that they're only there for the free advertising.
Touker should have snatched the deal at 10%
We all knew Pete was gonna name drop! What a showman!
That one kiddy looks like the actor from the good doctor lol
That is EXACTLY what he looks like 😂
Touker "I don't usually invest"
Yes all you do is give terrible offers and rarely actually close an investment
You’re forgetting the office space that he offers too
They look so different from each other but somehow both look like Freddie Highmore.
"Shots fired!" Lol my Man Peter, lol. Like a verbal version of CoD, lol. 😂😂😂😂
Let's be honest.. The only "shopping for prices" is done at the resell level, which is illegal and the industry is trying to eliminate at all costs!
It's not illegal, and the industry isn't trying to eliminate reselling, quite the opposite in fact. They're actually complicit in it! Big companies like Ticketmaster own reselling sites like Ticket Exchange, and it's not uncommon for tickets to sell out in seconds on the main site, only for them to reappear on the sister 're-selling' site moments later for exorbitantly jacked up prices.
It's becoming more and more of a scandal recently, but not a lot has been done about it because Ticketmaster are so big and have so much clout in the industry.
There's a whole John Oliver segment on here about how shady it all is
@@BadgerOff32 You are wrong, more and more tickets are only valid with ID. no reselling possible. But I am not often at events.
They didn't actually want an offer, they just came onto the show for the free advertising.
Good for them
Company doesn’t seem to have taken off. Instagram hasn’t been updated since 2020.
I personally think it's kind of a trash idea, it'd take an extra 20 seconds to look for this info from across the other sites
It seems to be doing well.
Why scold people for keeping confidentiality with business partners on a TV show when they're prepared to show you that information privately? Just an arrogant and petty power move, and one which would make me immediately not want work with you.
The den isn't about private discussions, it is a TV show. If you want to keep things confidential don't go on the show find another investor
If they did that it would lead to several rejected deals that already aired as approved, not to mention countless hours and money wasted post show. These two factors would lead to numerous lawsuits. This is cut throat business in the real world not fun time at the park with Grams. If you want to survive in business you best toughen up fast. That minor reveal is child's play compared to obstacles you'll deal with your first week in business. Your comment illustrates why 90% of businesses on average fail.
@@darthmcgee2216 calm down Gordon Gecko, business becomes cut throat because people constantly excuse thier own crappy behaviour.
Its not secret info, shareholders is public info on companies house, so them even asking to not say it just shows total business naivety.
@@texyrexy The real world in business is harsh. Sorry to break it to you. That's life and in the business world there are no participation trophies. It has always been this way and always will be this way. With your childish naieve mindset you would never make it in the business world. The show is called Dragon's Den not Granny's tea and biscuit hour.
So much gets cut from the pitch, they could have cut this. The producers of the show are the savage ones
Ohhh Peter done them dirty
Did Toucker run out of office space? That may have won the day!
No wonder Touker referred to Peter as the "Bulldozer" in a previous pitch! Because he rams through all the bullshit with a digger as sharp as a scalpel!
I think it's more akin to him ramming through all the bullshit with a scalpel as blunt as a bulldozer.
Those two read a book that said make big expressive movements with your hands
Imagine Peter jones buying Tesla stock 😂😂 “you sold these to the public years ago much cheaper”
I've never used comparison sites for anything.
Nothing beats researching and making your own informed decisions
comparison sites give you the first point of entry and do save time...that's about it. After that, indeed, do your research to decide.
Touker didn't ask them if they have an office🤣
Those two guys were outright silly! They only offered 5% because they had already given away 15% to their mysterious partner. I guess they only wanted FREE national PR for their product!
Honestly though, if they DID just want free PR, then this is a pretty smart way of going about it. Maybe misleading and not in the spirit of the show, but if the media infrastructure is there then they'd be silly not to use it, tbh
@@alexharrison2743 Good point, but we all will still believe that they are dishonest by being on the show for a clever personal interest, hence, their product is in doubt. If they are clever in this, then they must be clever in other ways in order to deceive the public about, maybe, a cheap service/product being offered? Beware is always wise.
11:20 Nick and Peter looking so thirsty for a slice of this duo's business right here lol
The business is at a stage where it is very replicated.
14:21 He just remembered he's still on camera lol
Can the camera not be so obsessed with Deborah's nails.......
Why do we have to see Deborah fiddling with her nails on every episode of Dragon?
O that was funny peter letting it out their faces
Dragons are such hypocrites sometimes.
"How do I know I can trust you?"... "It's worrying that you won't break the trust of your other investors and tell us who they are"
Peter never said he would not say it. And he was not obliged to withhold that info.
Still a dick move
Then at the end peter announces 75k for 15 % 😂😂
A clear example of not wanting a Dragon's investment but only the show publicity.
Fail
They were invited on the show apparently, which makes sense why they weren't bothered to negotiate lol
I like how the dragons are respectful once handed the papers "Ah, okay. I got it."
Two guys:We can't reveal who on air
Peter: Oh, Ministry of Sound they are okay
In bird culture, that's considered a dick move
Typical Peter.
Peter: Everything is on air.
Two guys: **reveal who the investor is**
Maybe you have been huffing paint, so I'll explain this to you: They knew he would reveal the name, because he told them he would. If they weren't okay with it, they wouldn't have told him.
Tomato soup, Tesco value range with a couple of croutons. What about you guys?
Tuna pasta with sweet corn for me mate, plus a protein shake for good measure. Happy lunchtime pal
I love that we're all on the same wave length lmao
I got a few chocolate digestives and a pear
Chicken dumpling soup.
Cereal, it’s breakfast here!
@@ethangodlieb enjoy Ethan 👍
Touker should have thrown in his offices down in the London Broil!! Or his offices near the English muffin estates!!
I was just watching Last week tonight with John Oliver regarding tickets 😂😂
"The other dragon we are interested in is Sarah..."
Me too, fellas. Me too. Though not for money in my case! 😍
She old bruh
Peter just played them 😂
He really didn't
Touker thinking at the starting of pitch shall I offer them my office space
This is why Peter is the best dragon 🤣🤣
Pink shirt guy only has 1 emote
Good job challenging ticketmaster.
peter all about that thug life
It sounds like it's made clear to show participants prior to their appearance that all information about their offer/company structure is fair game for broadcast. I think Peter was trying to illustrate that point rather than simply explain it. Moreover, it's silly to ask someone to invest money in a company and not let them know who the other shareholders are. Think of it this way: five years ago you were involved in a deal with a company that you felt lied, cheated you and otherwise acted unethically. Today you invest $50k in a different company... only to find that the company you swore you'd never be involved with again... is also a substantial shareholder. Now you're in business with people you don't like or trust. Lastly, maybe the entrepreneurs had promised not to reveal that MOS was an investor. But Peter didn't. He's not bound by any promises they made.
The said they could tell the dragons the name. They just didn't want it said on-air. That mutes your entire comment.
Minstiry of Sound - i was expecting Sony or something!
75k for an app like that ?! That’s nothing even years ago when it was shown. Clearly developers working in their bedrooms at the weekend as a hobby with no testers and other specialists. Stay well away from software when it’s like that.
Peter 👏👏👏
That was kind of a shi#*y thing for Peter to do....
It was absolutely brilliant
I loved it, they can't come in and expect to not having to share all the information
Thinking you can conceal your company’s share structure from people you’re trying to get investment from is incredibly naive. Comments to the contrary shows a basic ignorance on how negotiations in business work.
These are two, seperate issues. Absolutely, the Dragons can hold it against them that they don’t want to share the information. But that doesn’t give Peter the right to go and do that to them.
@@theovolz3073 Peter never promised MOS that he wouldn't reveal their investment. He's free to do what he likes and never said a word that wasn't true. Perhaps it bothered him that MOS was restricting these young guys and he wanted to stick it back to them.
Both these lads were younger than I am now yet look twice my age.
Peter the beast!
Norman 🤣
They can't reveal the investors on air, but then they willingly give the shareholder details to the dragons 😆
Wouldn't trust these chaps with basic data protection!
I mean it's publicly available information on Companies House....
It’s not data protection it’s publicly accessible
You don't know what you're talking about, mate 😂 I don't live in the UK, but even in my country anyone can find out who the shareholders are at the company I work for.
PJ’s a bad man 🤣🤣🤣
Is this before or after the good doctor gig?
Thanks Jonesy, I can sleep tonight now.
The deal was that you not reveal the name. -Peter
LMAO
If Peter pesters you for something,refuse,double down and bluff..Thats the only way to get his respect