Peter FORCES Entrepreneur With “ABSOLUTELY NOTHING!” To Face Reality | Dragons’ Den
ฝัง
- เผยแพร่เมื่อ 6 ก.พ. 2020
- Colleen Wong is pitching 'My Gator Watch', she's asking for £100,000 in return for a 5% equity stake. 'My Gator Watch' - a watch that has GPS/Wi-Fi tracking for children or the elderly, the microphone and speaker allows parents to communicate with ease. Everything starts off well but the Dragons soon unveil who owns the IP on the product.
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 #MyGatorWatch #FirstTimeEVER - บันเทิง
![แฉ [2/4] 12 ก.ค. 67 เจ้าของไวรัลดังในโซเชียล 'ลิลลี่ เหงียน' ฝันอยากเข้าวงการ โดนหลอกสารพัด | GMM25](http://i.ytimg.com/vi/7zntQK2U8-8/mqdefault.jpg)
Jenny writing down notes as if she didn't decide when she woke up this morning she wouldn't invest.
LOL I was thinking very similar. "WTF are you writing? 'Practicing 'I'm out' in Chinese?"
Has she ever invested ? Or does she just come on the show to dis people ?
😝😝😝😝
Simon Watts I’ve probably watched 50 videos over the last few weeks.
I saw her invest maybe 4-5 times
@@ashchaya7676 Hahahaha good one!
This woman was basically a dropshipper looking for more money to buy and resell
Exactly! :)
@@astroboirap stayed up all night thinking that one up, didn't you.
@@AmeshaSpentaArmaiti not really. Some of us are just quick witted
She used AliExpress
You took the words out of my mouth!
When your mom suddenly decides she's gonna become a tech giant
Mom: We already have Jeff Bezos at home
Jeff Bezos at home:
Too damn wong
I think Peter summorized it pretty well.
„Good for you. You have a job. You don‘t have a business.“
Summarized
@@jasonhurd4379Summarised. 😜
Summarised
@@henrytheblackalienhead2323 why are you copying the only other person who replied lol
@@VladmirPoopN correcting there spelling.
I love how Peter always just waits before dropping the Atomic Bomb
yup, that's how they edit it!
Why did you capitalise the words "atomic bomb"?
BenjaminGoose why not?
@@BenjaminGoose obviously to make it sound greater than a regular bomb, duuh? or you can say cause the explosion looks nicer (devil)
@@BenjaminGoose Because it's the BOMB!
am i the only one that couldn't get over how overpriced the damn watch was? 100£ and 10£ a month...
I dont know who would pay for that monthly
Especially when there’s the xiaomi watch that does WAY more for the same price.
Apple Watch: yeah..ridiculous
@@lifotheparty6195 If an Apple Watch had the same limited functions as this thing, then people wouldn't pay for it either.
@@kencupid3720 Americans. Most of their services are overpriced.
"You have a job but you don't have a business."
Exactly. That's it in a nutshell. Sounds like a great job too, but that's all it is.
Ash Chaya, its amazing all of us know she has a job but her.
Exactly.
I like how Deborah asked Peter for his tech advice. Great level of respect there.
Josh yeah I think they’re especially good friends - Peter’s been on the show since the start non stop and Deborah has been on on and off since the first season, they always have good banter
They've gone in on investments on the show together quite a few times, too.
At this point they might just wanna marry
To quote Peter from an older episode; “yes I’d be quite happy to invest with Ms Meaden, simply because I think she’s lovely”
BlaCK2.0 I know right lol
Woman: uses Alibaba
Woman: “I’m worth £2mil”
Some emails and calls in the middle lol
That‘s the business model of a lot of Instagram companies though, especially in the watch market 😉
Willi Kampmann yeah and in clothing. Every week a new company pops up on my instagram selling the same sweater
I see this a lot in ads on these dragon's den TH-cam videos. It'll show some woman going "see how I started my own business by reselling products on amazon and how you can do it too". That's not a business. That's just helping someone else's business.
It's barely a step up from pyramid schemes like Younique. It's preying on vulnerable women by telling them they're gonna be business owners and be independent when actually they're just employees, and in the case of the Pyramid schemes it destroys their lives and finances irrecoverably.
I got one of these in the Poundshop...
This was beyond embarrassing. She’s a reseller. She has NOTHING to do with this.
“They own the IP” means it’s all over.
i've sold 400 watches and my companies worth 2 million... omg.
Tony Stephens Well, but at least she isn’t burdened by IP. Oh, wait...
i’ve sold 400 bags of weed.....i’m a drug kingpin
@@marti9 At least you support local agriculture. :P
Believe me I have sales over 900 units on Amazon over the past 14 months. I value my business not more than 5k bucks.
I'll give Jenny a pass on this one
When you see a comment like this, you *know* the pitch is gonna suck.
Me too. Ha ha
😀👍
And for that reason, im out
Jenny "Colleen Wong was inspired by her two children to design this watch. Unfortunately two Wongs don't make a right
I'm out"
You're not far wong there..!
@@kingofcelts Ha. You beat me to it!
Hotel? Trivago.
Oh, sorry, wong video.
I'm a precious little snowflake and you're all racist.
There's something Wong with you to put this kind of comment
Colleen: My business is worth £2m.
Dragons: What do you do?
Colleen: Translate English/Chinese.
Bellpipe41 i was so confused loool literally thats all she can do😭😭
[redacted comment that triggered people]
@@DlcEnergy stupidest thing I have ever read
Gaetano ...but it was funny..:) yamadamadingdong
DLC ENERGY like we need more racism with what’s going on..... disgusting.
She probably found these watches after scrolling on Alibaba for 5 minutes. And then she walked into the den thinking that she is Steve Jobs. Bless her
Ok I'll give this one to Jenny. She was right to declare herself out.
For the first time
“with the manufacturer” “with the manufacturer” “with the manufacturer” “with the manufacturer” “with the manufacturer” “with the manufacturer” “with the manufacturer” “with the manufacturer”
You forgot about the manufacturer
Her watch (along with others) got pulled from John Lewis over concerns from the NCC that these watches could easily be hacked to track kids' locations lol
@Al Bundy Yeah no, that could potentially make any kid a decoy without further preparation for those who actually buy it without that purpose because they didn't know it could happen. It's collateral damage many companies don't want in their hands with easy lawsuits coming along.
Are you serious?
Several Consumer watchdogs in the US have warned of similar products and have tried to get them pulled from the market here over the security nightmare that these things are
If someone were to hack these specific models, we are looking at possibility of a Kid Tracker for Pedophiles
@@theotherone8036 I think the difference she was going for was that the watch doesn't have internet access or social media, So your kid could just tell time, take your call, or be found by a predator.
She's nothing but a sales rep. It's insane.
Yep, she's basically valuing herself at 2Mill just cause she speaks Chinese..
But she doesn't 'feel' like a glorified sales rep. That must count for something ....... doesn't it?
"i am building a business you have to start some where" yes but you don't start a business and value it at £2 million straight away
She doesn’t even have a business lmao she has no right to the products themselves, like what Tej said if they find someone else who would take less of the margin and cut her out the dragons investment would be completely wasted
@@tobymacdonald5893 bingo
This is like someone selling Avon or another product that is owned by someone else trying to claim their business is worth millions and trying to get investment in their business that they don't actually own. Selling a product that someone else owns doesn't make you a business owner. This absolutely reminds me of the mlm delusional idiots who post all over social media about owning their own business.
2m for selling 400 products bought on Alibaba. Wong's living in cuckoo land.
BeakerTheVegan yea,,,,, county cuckoo in Ireland.... the zaniest place on earth! 😜
buy now!
kinetic blues what
kinetic blues ??
County Cuckoo in Ireland.
it's a zany place.
zaniest on earth.
Not sure how else I can explain it to both of you. 🤷♂️
every time I comment you two are always there: "what? what?"...
jeeez.... just like yr moms.
@ANIMAL!!! , The legendary !ANIMAL! Nice to meet you man!
I like how Deborah asked Peter about the tech, she's a smart lady but she's also wise enough to seek advice when someone understands that industry better.
"A lot of research went into this"
Sorry, but shopping on Alibaba is not "research"... XD
They are trying to research the cure for the coronavirus
@@dkmyname4560 The only thing I could think of while watching xD
@@Vtricks 😂
*Mildly interesting event*
Cameraman: WHIP PAN TIME
HE'S DRINKING WATER AGAIN! ZOOM IN!!
5% is an insult more than anything.
I always get a laugh out of people that claim being a mom helps them make a business. It doesn't, stop bullshitting.
it doesn't help at all its actually a negative as they have some big distractions .
Ru22eLL good one mate
Be nice to mums :( lol
Right?? I hate that mombie logic. "I have kids, that makes me objectively better than you." Ugh.
@@WobblesandBean Yes you are right. Mums are the worst.
Peter and Deborah are the dream team. Deborah pries deeper and Peter sums it all up clearly.
Every Entrepreneur with a child: "This is my other child."
0:10 "This is my 3rd baby."
*Dragons proceed to eat the baby*
hahaha
🎯lol
They didn't actually *eat* it. They burned it to ash with their fire breath!
"I've found a dumwatch on Alibaba
400 people have bought it from my Ebay account. Can I have 2 million quid please?"
She could get away with this on kickstarter.
Lol
She looks like she's about to cry at any moment.
Her dream crumbles with every word the dragons say
If you try to sell something worthless to somebody for an extortionate amount of money.... don't expect a very pleasant response.
Crazy saleslady fails to get £100k for being able to talk to Chinese people.
Her name's Colleen Wong, Peter. It'll be my name too, once I get onto Deed poll.
Lol
Touker has a billion chinese people in his office space ready to translate to and from chinese.
I can talk to Chinese people too. But I don't think they have any idea what I'm saying.
Jenny seemed impressed by that 🤣
She's like a drop shipper.. just a middleman that sells products for margin with no rights or claims to the actual company
@Masterrorder nothing is wrong with that... But she doesn't really own a company, so they can't invest
@Masterrorder nothing is wrong with being a reseller, but it's not an investible venture.
True, but I think she was somewhat used. The owners of the company made her think her role within it was bigger than it actually was.
Well, that's what chineses do.
That's her own fault though
“I don’t feel that I’m a glorified sales agent.”
I quite agree. There’s more of a ring to “bilingual sales agent” anyway.
4:09 "You've made a fatal error, walking into this den." In that moment, Tej sounded *really* ominous.🤨😠
Gave me chills haha
They edited out the bit where Tej pressed a button, a hatch in the floor opened and she fell into a tank full of piranhas. ;-)
I don't remember seeing him doing this any other time.
Tej could definitely be a James Bond baddie
i love how offended the dragons get over high valuations, pure entertainment
I understand them. It's like entering a shop that would sell a bottle of milk for 500 pounds, with the only reason of its price tag is "take my word for it".
I hear that Jenny has her own Apple modelled brand of smart devices : it’s called iMOUT
Bwahahahahah😂😂😂😂😂😂😂
😂😂
😂😂😂👏🏻👏🏻👏🏻
Hilarious 😂
Very good
I swear people think that ‘I’m also a mother’ is just a ticket to automatic credibility/evidence of a high work ethic. It’s not. Being a mum and also working on the side is nothing to jump up and down about and expect praise for - it’s completely normal. Get over yourself
Dragons: Find fundamental flaws in entrepreneur's offering
Jenny: Thank goodness I don't have to find excuses for not investing! Phew
Its stunning how she doesnt even understand that - matter of fact - she doesnt have a startup. she is simply a sales agent. and yet she runs around and probably tells people what an entrepreneur she is, smh.
Sounds like your typical MLM-mom.
Peter broke it down to her well the others just had digs at her; that to me shows character and intelligence to communicate at all levels
Testing Testing he could cuz he’s in tech, Deborah said as much as she could within her expertise
I'd be dumbfounded with a valuation like that and would take exception to the plan as well!
@@anthonyi7834 yeah, I agree. She explained valuation to her via bullet points.
Although she needed a reality check big time I agree 100% with you Peter was most articulate and gave her the most value in his feedback. The man is a legend in business for a reason and his communication is on another level.
Peter is amazing 😍
They are 9 bucks a pop on Ali retail 🤣
Straight in with "I'm a mother" like it's something unique to her.
Switch of listening to anyone who ever does that.
It's the Chris Rock joke - "I look after my kids" that's what you're SUPPOSED to do!
Yeah or when women say “being a mother is the hardest job on the planet” 😂😂😂
Peter Jones is like the bass drop in a song
😂😂🎉
Even at the end you can see she didn't understand what they were trying to show her. Oh my...
Right?? Nothing but blank stares and a look of indignation on her face. What a moron 😂
Karen feminist in the making
"letter of intent from a Chinese manufacturer".. yep, sounds solid
When you're relying on Jenny to be your only chance of an offer you know you're screwed....
"if you knocked a nought off the end of that it still wouldnt be worth it"
deborah out here ending careers
I still can't figure out what this has to do with alligators.
Was surprised when I didnt hear Vitamin Giant when Tej was introduced.
She's basically a Kirby vacuum salesman trying to enlist more salesmen.
Like the former Kirby vacuum salesman who tried to sell them a drinking water synthesizer thingy
Salesperson..
1:37 u can hear Jenny gasp in excitement when the lady said she'd like to give them each a watch 😂
I missed that! Haha
lmao I thought this was just a joke...she actually does gasp 💀😂
Omg 😂
Not usually Taj who takes a shot. Well done Taj.
Yep, you know it's bad when he's taking a shot like that.
Tej
This woman is the definition of a Plonker.
I think ive got a general idea and Ive never heard the word before.
She's a knobjockey of the highest order.
An absolute fruitcake
@@paulhiggins8524 She grew up speaking the language
@@paulhiggins8524 yeah because being bilingual renders you incapable of devising wank business ideas
Dragons: "So you say you're not a sales agent...what do you bring to the table?"
Her: "I speak Chinese."
She'd probably make more money using her skill as an interpreter/translator. most bilingual people don't realize the skill they have.
the wish app has these for $8.49 AU.
Also, that type of product has been available for about 16 years now so she's a tad bit slow/
that's what i thought
Wish may sell them, but you getting a cheap knockoff that probably won’t work. Ask my friend about her brand new gaming computer that struggles to run Fallout New Vegas that she got from Wish...
@@voxkine9385 Imagine buying pre-built PCs, on Wish of all places. But in general.
Sput Nik well, she’s not very computer savvy or confident in general so it makes sense in her case. I know I was scared in my first build too but glad I did!
in 16 years? :D
Jenny was so disgusted, she struggled to say "i'm out" 😁
Well, in this case, she was perfectly justified!
My mom had two children and, when we were little, she had these two amazing devices to keep us at her side that make sure we never wandered off. They also doubled as a way to emotionally connect to us.
She held our hands.
Only works when you are holding here hand.. Remember..
And then she had to get her keys and suddenly had to let go..
Unfortunately she only had 2 hands, RIP to the 3rd sibling.
Having Intellectual property on this would seem to be almost impossible. It's a smartwatch with limitations.
She keeps saying, it doesn't have access to the internet. However, you require an app on your phone which requires internet access to track everybody.
I wouldn't trust this thing at all. Big companies already use your tracking data but at least they are big enough for people to monitor their wrong doing making them liable.
The GPS data is end to end encrypted.
I learnt a new word from the comments - *dropshipping*
Who said TH-cam comments are useless bin!
AlphaCentauri24 Same here! Now I’m tempted to paraphrase the Bobby Bare lyrics, “Dropkick me Jesus through the goalposts of life” so, ...”Dropship me Jesus from the East to the West...”
What does drop shipping mean
@@DellaWatson-cz3mq Basically online re-selling, but the seller is only the middleman and does not need to have an original product or any stock.
@@ludipalatia1977 well its drop shipping then cus she's got no choice but to see herself
This is the one time I don’t blame Jenny for being out
She is pitching a glorified dropshipping store
I'm kinda clueless what's a drooshipper?
@@fbc7439 you buy cheaply from China, add a margin, strap your logo and sell it for a good profit in Europe/uk/usa. There is not much product development on your part
@@manirkm1 oh ok thanks
hahah yeah, can be a good career for her, but not worth investing unless you already own the market and then you don't need investment ayways, at least it's not a MLM scheme lol
@@manirkm1 That is not dropshipping, dropshipping is purely when the manufacturer/supplier ships the product directly to the customer instead of to you.
Who developped the product doesn't matter, a lot of big brands have those generic products with a their logo in the product ranges.
So she's a glorified ebay seller buying off ali baba like the rest of us 😂 How is that a business, i could buy these right now and compete
If you can I'm willing to invest
Like Soulja Boy and his video games 🤦🏻♀️🤣
I probably got more market share than her
@@Omor214 stonks !
I love how she started with her story of how she had to find a solution to a problem she discovered a year and a half ago, also same person "there's this other company that started 3 years ago that has the exact same product but waaay better"
I like how despite the first withdrawal literally saying she had nothing they carried on with the other four.
Jenny: “I’m sorry but I don’t invest in anyone with vowels in their name. I’m out.”
Jenny's first note in her book says I'm out. 😂😂
One of the few pitches where that makes sense to do lol
Jenny smiling knowing she doesn't have to come up with a reason to not invest
Entrepreneurs always seem to think that overvaluing their company is somehow going to impress the Dragons.
It has nothing to do with impressing them, it's to get more money. If your company is wrongly valued at 2 million instead of one, an investment of 100K will get a dragon only 5%, instead of 10% of your business.
@@drsnova7313 Which is... impressing them to get more money.
5:42 “It’s actually a bit of a cheeky valuation” (apparently the worst insult you can receive in the UK)
nah there was a sudden mood change in the room because deb had to say it was bad evaluation...for the 6th time
i’m guessing you’re not english or you would know..
Formal British insults are so funny like that.
Down the pub people are brutally straight forward, but in formal settings the slightest negative phrase is massive. Like Yes Minister's "I'm not reprimanding you..."
This woman is just a glorified interpreter selling watches for someone else
And they’re not even that good. Not waterproof and no texts? What’s even the point?
@@Lazurath101 These watches are sold in a gachapon where I'm at lol
I have to agree with the dragons on this one, her valuation of the company was so wong.
Jenny: Wǒ chūqùle
All other dragons look confused.
Wong translates: Im out.
Peter nails it.
I'm gonna hear *"I'm working together **_with_** the manufacturer......"* in my sleep tonight.
how many times did she say that, like 9?!?!
57.
Typical woman, has very little adaptation skills that requires anything more than a minimum wage level of intellect. And I notice you yourself are a woman. Exception to the rule maybe?
@@ashleelmb No need to be an asshat.
@@ashleelmb you seem to have a girls name. Maybe your parents didn't think you'd have anything above a min wage level of intellect?
@@thedunyadoneya2628 Oh really? So tell me, are you a woman?
No BS, Peter always says the perfect things and basically what I'm thinking as well. Jen and Taj gave her great advice♥
To all the moms out there: being a mom makes you special to your kids, and your kids alone. No one else cares. It’s not an asset for anything but parenting. Stop bragging about it.
To all moms out there. There are also fathers but we don't brag about our kids in pitches.
Do you have children?
THANK YOU!!!!! 🤣🤣🤣🤣🤣
To all the moms out there: Being a mother makes you special to your kids so many others who wish they could be and also the possibly the accidental children of mr. Mouse here because this one guy on the internet cant speak for everyone.
"They keep finding new ways to celebrate mediocrity " - Bob Mr Incredible Parr
I can't get enough of this particular clip, Deborah's face is priceless 😂
2 million for WHAT. It's a product that has been out there for a while. She owns no IP (intellectual property), owns no rights and all she is doing is operating an agency operation in selling the watches and thinks her company is worth 2 mill.
The only reason she was allowed to pitch to the dragons is that they know it would make great entertainment to roast her with a dose of reality.
Why is it always the 'fulltime' stay at home moms that compare a start up to raising a child.
Just because you know how to raise a child doesn't mean you know how to run a business.
Reminds me of Multi Level Marketing. They prey on them.
Because the Mommy Cult is as predictable as they are delusional.
"It's great for you, because you've got a job" 🤣 🤣 🤣 🤣
she was nervous but let us be kind not make fun who she is...i can see people judging her who she is...
Also whoever manages Dragon's Den YT account we need more memes thanks
So many things wong with this business and for that reason I'm out.
ARE YOU IRISH?
are you Irish?
@1:08 "Last year in the fall, I began working with a 'technology distributor'....."
No one: "Oh Alibaba? Cool got it."
So she’s the companies translator…
12:18 I honestly thought that Deborah was about to say, "That's the trouble with crazy bitches..."
All those labor pains has made her delusional
Tej thought, "Duncan's not here, no worries, I'll fill in for him"
I think Peter was definitely right, that, currently, she really is little more than a sales rep. I think there's too many of these on the market, anyway, & unless you're massively improving on what's already available, there's no point in doing this.
There is absolutely a point and she is doing pretty well to this day. Selling gadgets from China is a great business.
It won't make you a billionaire but it will pay the bills and something else.
@@JM-tj5qmShe’s a reseller lol, Peter was right that it’s a job and she doesn’t have a scalable business model at all. Are you daft?
@@JM-tj5qmThe modern word for that is "drop-shipping". You buy products, market them, and re sell them at a higher price.
"And now, Jenny Campbell wants to know, why she is out."
Lol underrated comment ever
Let's be honest, it's the reason most of us are in.....to hear her say she's out 😁
@@DDRhappiness17 are you 12 years old or do you just think and act like you are still 12? Are you the same type of person who laughs at fart jokes?
How could she have got it so wong?
Even the other dragons were wincing at Peter’s truth bomb...
I love how the narrator tries to sell this idea that Jenny might invest in something, lmao.
Peter and debra were savage but honest here 😂😂😂🐉🔥 love the way she asks him for advice btw great respect there b/w them..Nicely put by peter .
Credit to her for not getting shirty and remaining courteous throughout.
It's 2023 the business is still operating.
2 million?? She's just going to take the money and run.
If theres one thing Deborah hates it’s a crazy evaluation. I live when she gets mad. Soooo funny
Valuation*