“The Most Convincing Presentation Based on Inaccurate Financial Forecasts” | Dragons’ Den
ฝัง
- เผยแพร่เมื่อ 30 ก.ย. 2024
- Helen Wooldridge and Polly Marsh designed a hooded 'apron' towel called Cuddledry which makes it easier and safer to get babies out of the bath. They're seeking an investment of £100,000 in return for a 15% equity share, but it all goes downhill when the business duo runs through their numbers.
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 #CuddleDry #KnowYourNumbers
![ได้เวลา! พาน้องแฝดฉีดวัคซีนครบ 1 เดือน🫣 [cc] แดนแพทตี้ SS2 | EP.52 |](http://i.ytimg.com/vi/IzeLtaXBLNE/mqdefault.jpg)
I find James pleasant and respectful on all episodes
I love how he cheekily used Debra's offer and the ladies' top accepted % figure to get to his own mid-range valuation :)
@@Albimar17 that was pretty cheeky and I think the duo didn't quite get it either.
A true gentleman
I totally agree. He's never rude like Debra can be
Sell him one of your kids if you like him so much.
Woman: *puts baby into bathtub*
Duncan: _writes note_
Hi
Probably wrote "im out"
Lol thank you for noticing this.. hilarious
@@kakswell No. "I'm oot."
He was noting down how to put down a baby correctly which he later produced in an article
Yes. i also just throw my baby on the cold floor because I can't hold a towel.
Thank you!! I completely stopped when she said that.
Exactly. This product is not needed....all this time I have been leaving my baby on the cold floor..... thank goodness for this gloryified ...towel...
My baby is on the floor right now. I couldn’t find a towel so just left it there and started watching this.
@@royfr8136 Neither are baby baths when it comes down to it. Just use the river like wot people huv done for centuries. 🙄
Hello
The company's still doing well - on amazon and in Boots - with a 150k profit last year so I think they did the right thing
100k was what they was asking for, imagine a dragon on board. that 150k would be worth 1.5m silly tbh
I love their towels! I have three of them!! Definitely did not know they had been on Dragon’s Den before this video.
This episode looks like it's more than 10 years old. They could have been making more with a dragon on board.
That's not a lot of profit considering this episode is over ten years old.
@@DaviesD85 but the point is that they are successfully selling their products and they do have a whole range of stuff, just as James suggested.
Me: "I hate it when they can answer all questions and know all their numbers!"
Theo: "Hold my children's inheritance."
Den var bra 😂
Debbie 😜 Meadan saying she doesn't negotiate. She offers a fair offer from the start. Surely she has negotiated more times than I can remember?
Well if you can't remember, maybe she hasn't?
Dragons take note: let James open discussions.It’s like he’s having a cup of tea with Mum. Sizes it up quick & asks just enough with his easy, clipped manner. A
Professional
“You’re absolutely right James, in business one should always try to meet in the middle...
We came here proposing 15%, Deborah was kind enough to offer 45%, I think 35% is a good middle.”
*In a position to be fair*
But when the company isn't even close to what they offered 45% or 35% is pretty fair and reasonable.
This show was in 2007.
The company still exists today, peaking in 2016/7 with net assets of £320,000 but they've recently dropped down in 2020 with net assets of £140,000.
However, they still both are directors of the business and their range of products do appear to review very well.
They could just have too much stock lol.
But yeah they are likely profitable enough to support them both
Both seemed competent
That's good to know. Everyone dropped down in 2020 and I hope they will survive 2021, when so many have fallen.
Makes me wonder how well they might have done if they took the hint and asked for 40%
So in other words, for all the years from 2007 onwards, they still couldn't reach their projected numbers that they had made back in 2007 for the years 09/10? Just goes on to show that was a super duper optimistic financial forecast!
i LOVE jAMES VOICE AND MANNERISMS HE SHOULD HAVE BEEN A DOCTOR.
Strange
He does look like a doctor haha
He is the consumate gentleman😄
Agreed!!!
@David Michaels coming from a guy
I always make sure the floor is nice and cold before I throw my naked baby on it when I'm trying to find a towel I didn't lay out in preparation for the bath. But hey, that's just me.
"Em eout" - Duncan bannatyne 2007
🤣🤣🤣
*Peter: "this isn't something an investor is going to give you money for at this stage"*
Moments later......
*Deborah: "I'm going to make you an offer"*
its so arrogant and ignorant actually to make sweeping statements like these. especially if you think some investor invested in pet rock
“Is that a compliment?”
Theo: 🤦🏼♂️
Was a bit perplexed hearing her ask that!
That made me cringe so hard.
"You've made the most convincing argument and presentation based on inaccurate forecasts that I think I've ever seen."
"Is that a compliment?"
Were you even listening? Why even say that? x-x
@@Kramlets Oh, come on! She showed her sense of humour, there. It was obviously tongue-in-cheek!
How are they shocked by their decision? They'd each have less than the investor, so it's not particularly surprising.
Agreed, like Duncan said they will have less interest in working flat out for the minority share.
45% & 40% was wayyyyy to much! I was sitting here saying no don't take it, they're already doing well, go 30% max.. But yeah they done the right thing to walk... The Dragons try to take liberties some times.
@ yeah but someone else already had 5% didn't they.
That's what I was thinking too then I thought why did it take me so long scrolling down to find this?! And then the cheek of Deborah trying to explain it away, as if they are so bad at maths they'd fall for it
@ 31.6%
Sneaky Caan, telling them it's fair to meet in the middle, when he has not changed his offer and is instead using Meaden's offer as "his" max.
Explains why he's worth twice as much as Deborah 🤣
How about the thought that they asked for 15% to start at and then he offered 40? Wouldn't the middle be somewhere around 30%?
@@bergenmatthew Exactly. He's sneakily ignoring that their initial ask was 15 and they've already compromised WELL past the "middle" by offering 35. But, if he can convince them the goalposts are moved, he gets a much better deal. However, isn't he the dragon that was let go because he worded some contract shadily and turned a straight investment into a high interest loan for the entrepreneurs?
What a legend
What a fantastic business model to create future hoody wearing ASBO teenagers immediately from birth
lol
Hi, why do you hate comfort?
Brilliant 😂
😹😹😹😹 I can't
😹😹😹😹 I can't
I love Duncan’s reason for not making an offer.
*Deborah Meaden* _I don't negotiate_ ...lol. Yeah right, I've never seen you negotiate!
Modern parents have made having a baby so much more difficult ( in their own minds of course).
And they’re the first people ever to have had a baby, or course.
@@kenrehill8775 Not true. I've had a baby.
@@troo_story so, you were the first? 😄😄
@@kenrehill8775 😂😂
Uhhh what
What I don't like about the newborn market is the fear they try and install into you. I spent silly money in the run up to my firstborn on all sorts of things I "needed" for my child be to be safe and have the best possible start (I could provide) in life. The vast majority was used once n never again whilst some went totally unused. Whereas when my 2nd child was on the way, I spent far less in that area.
Also Boots use to have a booklet that told you all the things you "might" want and lists of all the things that are "Necessary". So I bought a brestpump (admittedly on impulse) as it was listed as a "Necessity". As my kids mum opted to breastfeed, I didn't need it so I complained to Boots. When our 2nd child was born, I noticed Boots had removed it from the "Necessity" list
James had his eye on the far east knowing he could get them produced for hardly nothing out there.
If he could get them produced for hardly nothing, that would make them expensive. 🙄
I think they should take more from the retailers to solve their problem.
Thumbnail: Theo looks like he needs more fibre in his diet
He's constipated
They should have tried 20% - 20% between James and Deborah so that they would each have control individually as well as together, plus both dragons seemed enthused
Yes that's a popular option (two dragons for the price of 1), but if 35 pct. Was their maximum then they didn't entertain that possibility
Jenny as a baby being picked up from her bath with that towel:
I’m out 👶🏼
🤣🤣🤣
Love how quickly Theo breaks it down 😄
Has he though?
Must be lunch time another exciting dragons den show love it
Stop! you keep reposting the same post for likes, are you really that lonely? 🤔
Bot. Get a life
@@badgasaurus4211 if im a bot then you must be from Bangladesh...!
@@Gamertag5714 I’m talking about ryan joned you absolute plank
@@badgasaurus4211 th-cam.com/video/BLUkgRAy_Vo/w-d-xo.html
James is a class act by far above the others
Agree but unfortunately that doesn’t make good tv
@@Myplop 😔😔
I can't transfer my baby from bath to towel. Better develop a business plan, rent premises, design, tool, market...
Who puts their baby on the floor 😑🙈
“I’m Deborah” smug smile. I wouldn’t be that pleased with myself 15 years later.
🤣🤣
Yes cuddle them and rap them up,and continue to cuddle and rap them up for the next 18ysars,so much so that they can't wipe there own bums,this new age mothering is whats wrong with young people,and then when they get out into the big bad world they can't cope.
Shame they threw the towel in.
...And the baby out with the bathwater!!
@@vegn_brit5176 they couldn't tap into the market and their pitch went down the drain
They didn't. The dragons are in the sewers.
Offers 15%. Gets bites of 40% and 45%. Gives a counter-offer of 35% back. Gets informed that it is polite and meets in the middle???🤪
Simply 2 women who learned the financials rote, from someone else. I doubt wether they have a fecking clue
The editing in the early days XD, 9:17 was clearly taken out of context - surely.
That's one of the best presentations I have ever heard, and for that reason I'm out.
Is that you Jenny
James told them the growth was possible and that was all they needed to know.
Brilliant product that will make these ladies multi-millionaires. Good on them for holding back from greedy Dragons who will soon soon realise that this is one of the best ideas which they failed to invest in. I wish you luck girls, you deserve all the luck and good fortune which comes from your ingenuinety and hard work.
The business failed.
@@SuperYtc1 I was going to say the concept can be copied easily. The had to come up with new ideas constantly to sell products. Not surprise the business failed.
Eating my lunch. Pretending I created it and and I'm pitching it as a food business to the Dragon's.
Do you have "a barrier to market" for that sandwich?
@@thevan3293 I do not.. which is why we are focusing on brand awareness!
I just use my McDonald's apron to do the same thing once I get of my shift at the fryer and let my kid out of the cage he shares with our hairless Peruvian hound. :)
I was waiting for Peter to say "they'll regret that".
If you get an offer… Take it. You can always just decline later in due diligence and you get a major PR boost if you accept the deal. It’s a no brainer…. It’s just like how every pitcher should seek $1 for 1%.
If a company came out and said we are manufacturing somewhere other than China, it would make a great marketing case
I wish the applicants in all presentations could say their product was manufactured everywhere other than just one country namely China.
That will be pretty hard.
ONLY IF RORY HAD BEEN THERE WITH SOME🌊SEAWEED.....The deal would have been done!
OBVIOULSY,, they did not have there seaweed on toast that morning ,Or they would have took the deal
And Andy was hard at work DOING THE BEST! JOB! IN THE WORLD!! .......Picking Seaweed
No Seaweed ..... No Money!! ..... I miss Rory 😥 I hope he comes back in and pitches a different seaweed product like ..Seaweed moisturizer or Seaweed Ice Cream would be Amazing LOL😂...
Never Forget Rory and the power🙏of a humble seaweed warrior.....GO RORY!! 🙏🖤🙏
THE SEAWEED KING👑
I love Rory too. I wish Rory would come back and sit on the panel. Lol 😂
@@debbiesunlight7047 Love your second name Lol 🤦♂️😂 i do tho.... BUT OMFG YESSSSS amazing Idea im going to bombard dragons Den with emails twitter face book hand written letters we want Rory back and on the panel ..and he does not give away cash!... he gives away SeaWeed LMFAO!!😂😂...Amazing Idea Debbie LOL😂😂
@@Jay-O_Carlow oh yes that’s fantastic. I think there should be a petition too. To get him back on our screens Yes 👍 this is the time for seaweed ....with Rory the humble scouring the shores for us . Rory Rory Rory. 🌋🌋🧜🧑🌾
@@debbiesunlight7047 OMG Debbie Yes!!! btw ,,, don't tell my partner we are having a laugh as she would 100% get jealous over me you and Rory and the AMAZING Idea of a Petition lmfao🤦♂️😂😂😂
OMG we would get so many people to sign that, i don't think we would kick a Dragon out but we would just slip Rory in say nothing to no one and the TRUE Dragons Den Fan's are in the KNOW and 100per cent know what we are talking about LOL😂😂
@@Jay-O_Carlow lol 😂 I won’t tell if you don’t. As for Rory he is none the wiser , he is still staring out to sea draping his seaweed lovingly over his arm and dreaming of the day he is back on the den. Lol 😂 don’t worry Rory. Leave it to us.
Hey lads wheres jenny?
Getting her back doors smashed in
Lies are always found out in the den
Once they’ve found out one has lied they take everything said with a pinch of salt justifiably
It's their lack of experience which shows
What lies?
Hash brown and bean sandwich
Are the hush browns the “bread”? Or in the sandwich with the beans, with two slices of bread?
@@kenrehill8775 In the sandwich with the beans, top tier
I like the elaborate talk about meeting in the middle of 35% and 45% when the real numbers were 15% and 45% with 35% being the absolute limit and 45% the first offer. Talk about being fair (10:51) while trying to rip them off.
Not judging anything else, but this statement was dumb af.
yeah, definitely not the most brilliant attempt to be persuasive
I thought the same thing. Surely if they’ve initially asked for 15% and he’s offered 40%, the actual definition of meeting in the middle would’ve 27.5%. Deborahs offer makes no difference, sneaky git
But they intentionally overvalue to begin with so that when the dragons up the percentage it will be nearer to what they actually want
Babies are tough and don't need it !
Two very silly women, these guys have conections all over the world, they know people by their first names
Here we go again. Made in China. Selling at x:99 & y:99. Why this 99 crap?
At least these ladies stuck to their agreement regardless, good luck to them. Loyalty not overrun by greed.
i'd say its more greedy to ignore deborahs offer
I’d say it’s pure naivety that they didn’t accept the offers
I know that it's already happened but it always looked like a worldwide Amazon product with no expensive dragon required. Good luck to both of them.
They made £70k in 2020-2021 and have £200k in the bank
James was ready to buy that babydoll
Surprised James Khan didn’t get the investment , he’s got a bit of experience in buying babies......................products.
Explain?
@@SuperYtc1 he tried to buy a baby, google it.
Despite everything else, the product is really good. I think there is big potential for it for mothers. Makes the job so much easier
anyone with kids know this is not really an issue lol
They did not come up with this towel. Presenting it as an innovation of theirs, is a flat out lie. They are stealing IP of another maker. Such towels even with the exact similar design and shape etc have existed for at least a decade that I know of, if not more.
Let's see if this comment can get 1 like for each time Jenny has said "i'm out"
Good for them, the dragons were going to clean them out
Jenny don't want this product, and that is why; I pulled out.
This must be the ONLY programme where we can REPEATEDLY see in great close-up the pores in the skin of people's noses and cheeks, spots and blemishes, and right into people's ear canals.
I'm sure this must serve some sort of purpose but I can't think of one, but it can induce a feeling of nausea, in other words, it is pointlessly sickening.
i feel like they've forgotten james's offer, lol
or James forgot to accept theirs ??
I do not remember bathing my kids that challenging 😳
If Deborah has 45% of the business- that has her as the majority shareholder and that gives her the control, no? Because the other 55% is not with one person, it's between three people, so that gives Deborah the majority. Right?
Not quite - Deborah at 45% would have the “plurality”, to borrow a political / elections term (i.e. the biggest share that any one party has), but not the majority. After the 3 original shareholders’ shares get diluted from 100% collectively to 55% collectively (to accommodate Deborah), the entire shareholding breakdown would have become: Helen 26.125%; Polly 26.125%; Other 2.75%; Deborah 45% (Total 100%).
That would mean that Helen & Polly together (even without anyone else’s support) would have the majority and could thus pass “Ordinary Resolutions” (because they would collectively hold more than 50% of the total shareholding). It also means that any of Helen, Polly or Deborah could individually block “Special Resolutions” (because they would each individually hold over 25% shareholding; a Special Resolution requires 75% to pass).
Deborah, apparently forgetting that the 5% shareholder would also be proportionately diluted (to 2.75%), sold her own argument short at 9:27 when she said that the original 3 would still have control; this is true but in fact even Helen & Polly collectively (without the other investor) would still have had control (their collective 52.25% being greater than 50%) and so Deborah could have made her point more strongly.
The only real “control” loss that Helen & Polly would have experienced by accepting Deborah’s offer would have been the loss of their current (collective) ability to pass a 75%-required Special Resolution. Their current 5% investor cannot block those but Deborah at 45% could.
God help these ladies bathing babies in the old days...
Would love one for when I take my dog out of the bath.
My name is Dunc-out....
So wait the husbands control the stock, the sales, the production and the importing of the goods (for free) so what do these two do as the owners? The finances? They got those wrong, so presumably not. I dont understand what they do in the business because it sounds from what they said that the husbands are doing the work.
They make mums interested I suppose. Women probably don't trust men when it comes to baby stuff. That kinda psychology is deep in the genes, can't rationalise out of it for better or worse.
Is James Caan drunk? How is 40% halfway between 15% and 45%?
He said halfway between 35 and 45 is 40%
The ladies' agreed maximum was 35%, and Debra wanted 45%, making James's offer the middle ground.
@@montelvontaviouspore right but their original offer was 15% and James Caan said 35% wasnt fair because it didnt split the difference. That was his reason for saying the counter should have been 40%.
@@JSSTyger 🤦🏻♂️wtf have you been smoking 🤯
@@chunkyfxdls1878 i already clearly explained. See above.
I like how they are happy when they can answer the most basic questions. 😀
Oh they couldn't. 😂
Who the hell put a wet baby onto the floor..what a tool!
JENNY: "I'll tell you where I am. I'm at home looking perplexed at shredded wheat."
I like the two Peter's. N Touka
I'm frequently baffled by the deal that people offer the Dragons, for example: 15% of the company for (damn, my pound sign has disappeared from my keyboard)100k. The Dragons can only hope for 15% of those profit figures, (assuming they're correct) even after year 3, 15% of 178,000 is not much of a return...
They look to sell the business on.
I'm so glad they walked out, these dragons really do take the piss and wonder afterwards why they walked away. So much greed and abusing their positions 😡
What positions do you believe they have that they abuse? They're investors, not charitable trusts. They are potentially huge assets for start-ups and charge accordingly. It's not like they make paupers out of the investees, is it. No-one is ever forced to accept their offers.
6:13 Theo was briefly possessed by prequel Darth Vader
Another baby product, I'm out.
"Is that a compliment?"
Theo: Noooo
Deborah: I'm going to make you an offer.
James: I'll undercut that offer.
The narrator is really annoying.
Polly's a cutie
They went on to have a great business but I can't help feeling how much quicker and how much bigger it would have been with a Dragon on board
Are you kidding? Debra was literally trying to rob them blind. She was basically stealing half of their entire company for the price of a Pizza shop!
@@Marsalien100 There profit and business management was appalling and it took them another 14 years to get to a reasonable turnover and profit. Where they could be now with great business leadership, mentorship and contacts (that is what you are paying for) would be way beyond what they have. Would you rather have 65% of a £1m business or 55% of a £20m business
Duncan: Ah wis gonnae make ye an offer, but it wouldae broken yer back and made ye auld afore yer time, so I'm gonnae dae ye a favour, an ah'm oot.
Jenny:
Wow for 5% the gave up on a deal potentially can open so many possibilities and expertise, having 55% in something big better then having 60% in something small, James or Debra has the contact , money and experience to make it big , they made big mistake
Tej is nice too
"That doesn't add up to me in my brain..." umm... that's kind of... HIS ENTIRE POINT! It's not supposed to add up, he literally just took your numbers and plugged them in. No real math was even necessary, just basic observation.
It’s good product but not so necessary
5 for the other investor
35 for the Dragon
30 for each
Sounds very reasonable to me.
this is b0ll0x....cold and draughty floor....lmao...put fire on...shut door....warm room....warm bath....baby out of bath and lay on towel...wrap baby....pick up....you dont need this....
Lift the bsby out of the bath onto a towel spread out on the kitchen table not a cold hard floor - simple.
???Who puts a baby on a cold and drafty floor? What is this, the 17th century? Note: This show is from 2007 when they had a rash of cold and drafty floors in the U.K. :)
Totally overvalued themselves like most entrepreneurs on here. Even giving away 50% would guarantee their future. They will not make it on their own. Every dragon knew it, hence the winces.
Just do not see the market for this product. Often got soaked in fun baby bath times so towel apron would have got soaked too-wouldn't help dry baby afterwards. Really small window were babies aren't like this-I'd just chuck a towel on my shoulder-really cannot imagine a need or help of an apron as you usually hold child over your shoulder
Has anyone else noticed that when Evan is talking to people face to face his words come out the front of his mouth, not falling out of the side of his lips, and his head doesn't move violently for emphasis like when he's presenting?
James looks Spanish... wot they would have called moorish... but he is from Pakistan
A society where people rather buy blankets with new design instead of stiching a strap in five minutes on the ones they already have ....omg
Is that a compliment? Lady when someone tells you in professional polite manner that you suck @ss at Mathematics, its not a compliment.