@@gavinjhally647 you’d be surprised how many just never happen. Looks like Peter wanted to look to be a hero helping this young entrepreneur on TV, he had all the numbers, can’t see any reason it should break down.
@@azhalhalil9429 Yeah, that's true. It was obvious this guy needed someone to guide him and set his business straight. I can totally understand most of the dragons not wanting to get involved
I think the context was learning when first starting a business. You learn that skill and once you become wealthy you still learn how to be resourceful
Jenny: "I like you, I think I can help you, I have all the business wisdom that you desperately need right now to save this business from going under....and for that reason I'm out."
Yes, the Dragons can be real DICKS! They will build up hope by making it sound that they will give you an offer, only to pull a complete 180 at the end of their spiel and say they are out! Pretty CHILDISH and unprofessional if you ask me! Makes me wonder if these are REALLY the sort of people you would want to be working with in business. The Dragons seem like the type of Ruthless people who wouldn't hesitate for one second to take everything you have and leave you in the gutter! How do you think they got where they are......
Nope, Peter bought the company to make quick money not to give him guidence. He paid 80k to get 20% of his company, this includes stocks. His stock alone is worth 400k (20% of 400k is 160k). So, if the company goes broke, he can still item for the original price, i.e the t shirt for $4 each (make 0 profits) and Peter will end up doubling his money 😂
I wish somebody called out Jenny when she essentially said he got lucky with his Facebook investment. You constantly hear about savvy investors who got in early on tech unicorns like Facebook or Uber and cashed out big time. But when this guy says he made $2 million on Facebook, Jenny says "wow, that was some punt", basically saying he took a shot in the dark rather than congratulating him on a successful investment. She made all her money by running a company into the ground, buying it cheap when her failures combined with the 2007 recession drove the price down, and then profited off the bounceback as the global economy recovered. In other words, she took advantage of a company that was losing money and needed to sell (largely because of her), and stayed on the ride until the recession began to fade. She is lucky to have a wealthy family that supported her in purchasing that business. This dude isn't lucky... he's smart.
@@tylerphillips1926 no, op said and I quote "basically saying he took a shot in the dark" end quote and what I'm trying to say is that jenny is right in this current time. Yes, she wasn't so right in the time of this episode airing but she's right now; facebook is under fire by governments.
From his almost stereotypical "influencer/health guru" looks I had an idea of what he'd be like. When he performed the handstand in the lift, I knew I was right.
I notice she does that a lot, it has to be on purpose. Sometimes from the look on her face it looks like she really enjoys building them up before she lets them down.
She has a banking background -- bankers are never true entrepreneurs. She is a very opinionated woman who wants to be on the den so she can have her two cents worth. She is ultra conservative - no creativity, little business experience and not able to be a mentor.
That was really unkind of Jenny. She really made it clear that he needed help and gave the impression she was about to give it, then quickly said that she was out. Yuck. Glad Peter stepped in.
I see the point but it’s almost a cheap perspective, you don’t know someone’s will power based on their financial standing, I know many people with a lot of money and they still pinch pennies.
Did You notice the response from the dragons? This guy is smart. He wasnt selling dance moves or handstand instruction, He was selling flexible (sustainable) garments used for 'the move' Yoga specifically. What dos multi million pound Peter Jones wear? Clipped together shorts ........... probably cotton; a non wicking away material. What a formidable pair these two will make. Good luck to them both.
The guy didn't need money at all. He needed some additional expert guidance and a side of exposure from the show wouldn't hurt. Well done to this guy and best of luck
Something worth noting about “having some money” and “becoming a millionaire”… Facebook’s lowest stock price ever was just below $18 (I’m using USD here). This episode was filmed in 2018, when the peak share price was $210. In order to have $2,000,000, with perfect timing and selling at peak in July, 2018… he would have needed to invest over $170,000 at age 18. And $1 USD in 2018 was worth about £0.78, so you can convert it further to be worth 2 million pounds (it’d be around $220,000 USD invested at Facebook’s bottom, sold at its 2018 peak). Not taking anything away from his intelligence or abilities (he still increased his funds maybe 10x over with a single investment)… but “some money” and “200 grand” have very different meanings to me.
This comment assumes he only made one trade and didn't trade in options. If he was really confident in Facebook he could've made that 2mil with roughly 10k in a very short period.
@@MdBMusicBE Options expire. He knew Facebook was going to be a success but that doesn't mean he knew when. I'd be willing to buy Tesla stock right now, but I wouldn't be willing to buy OTM calls expiring in a month.
"Started his first business at 11". What was he doing before that? I started my first business at 18 months. Mobile lollipops in 6 moving colours. My Ma had to push me to business meetings in my RR push-chair. The business took off and I sold it after 2 years to an Albanian for 74 million pounds.
Reminds of that episode when Homer goes on work excursion. After giving a brief instruction guide, Waylon says “any questions?” As he looks around, he sees Homer has his hand up iand reluctantly says “Homer!”. Then , Homer says he’d lost his map, to which Waylon replies, “we haven’t issued it yet” 😂🤣
@@cwg73160 I guess it's a matter of opinion. Douchebag is a term I'd give to someone who intentionally rubs people up the wrong way. This guy is clearly just a hipster.
@@Nonyuhbusiness After the show they do due diligence for whatever that was said in pitch and then due to one reason or another the investor can choose to cancel the investment.
Well, this Dragon's Den episode perhaps? "Vernon Kerswell is pitching the world's first remote-controlled micro-helicopter and car in one. He’s seeking an investment of £75,000 and in return offers 15% equity in Extreme Fliers but Peter knows this industry far too well… " ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-3vSkyC-K5JM.html
@John Smith Lol, how much do you think any clothes shop gets their product for compared to what they sell them for. At least this guy is environmentally aware.
@@aoifed8913 Yeah, but he's already a millionaire and he's advertising to everyone what a great moral guy he is. It's totally fine to sell something for TWELVE TIMES what you paid for it, but you don't get to parade yourself around as a selfless moral example while you're doing it
@@aoifed8913 He's presenting himself as doing good in the world, but really he just wants to make money I'm fine with him making money, just wish he'd cut the 'I'm creating a better world' pseudo-moralistic crap
I hate it when people think being kicked out of school is the best thing that could ever happen to them. It means you probably have lots of options and/of your family was well to do/ rich.
I was under the impression this happened in grade school and being kicked out was maybe a week suspension or something. I think what he meant is that it gave him a taste of wanting to own his own business from an early age.
Except, Peter never actually went through with the deal. Which actually happens quite a lot on both Dragons Den and Shark Tank. The verbal deal agreements on the show are far from “final”, and a lot of the deals either change or just don’t happen at all.
We all loved Jenny. "This a brilliant, genius, earth-shattering, life-changing product, which every single person on the planet will want and any entrepreneur who invested in it would be guaranteed to get back hundreds of times their money inside the first twelve months. And for that reason, I'm out."
Someone should come to the Den proposing an automation system for Jenny to declare that she’s out. That would be one of the only things Jenny had invested in!
Convergence, viral marketing. We're going guerrilla. We're taking it to the streets while keeping an eye on the street, Wall Street. I don't want to reinvent the wheel here. In other words, it is what it is. Buying paper just became fun.
Wow, the hate for the chill and confident Louis in the comments is a bit much. He took on board their opinions, he did not fill his intro with fluff and knew his stuff. At least he was using recycled materials and making cool active wear for those into yoga and flexible physical activities.
Draco - Completely agree. People hate unnecessarily over silly things like “he did a headstand”. So what?! It relates to his product and he secured a deal. Idiots
Was looking for this comment. You'd get in trouble maybe but I can't imagine a school expelling you for selling candy and drinks. Unless they were spiked lol
its quiet cheap to make those shirts, just cause he sells at a high profit doesn't mean you need to think 'oh then he's using asian kids' for real do you even realize what the product is
@@ShadyGeorge232 whoever is making those shirts, if they care about the environment, just for someone to cut, pin and sew that shirt it should cost more than $4 landed, he is saying the entire process costs him $4 that is ridiculous and then it's still ethical to charge 36 pounds for a shirt that cost $4 (note he could have easily meant 4 pounds) but regardless it's all still daylight robbery like the rest of the world and how can he really care about the environment that much if hes not caring about the entire environment around him. He might as well go pick up plastic off the beach and his carbon foot print and care for the environment would be much greater than adding to the world of fast fashion and taking money away from hard working people for his own profit.
This guy makes $2M and then decides that he needs to go to work? Wtf. If I made $2M, that's going straight into a monthly dividend stock like realty income corp. He'd own about 34,000 shares and get paid approximately $8k per month for doing nothing. Why would you not do that first? Cash flow is king - THEN you can do whatever you want.
Even in the best-case scenario, if he bought FB at rock bottom at 18$ and sold it on the top on Jan 17 (according to his timeline) at 120. In order to be able to make 2M$ by 25 from FB stock alone, he needed 353$K at 18. Converting 353$K to 2M$ in 5 years is super impressive. But the right question should be where did an 18 years old boy get access to 353$K? If it comes from daddy, then the entire story is way less impressive. He probably did a few bets, one was successful and now he is using it to portray himself as a self-made man. If he is not from a rich family, then the story of how an 18-year-old average boy getting access to 353$K is more interesting and impressive than the actual bet on Facebook.
@@joshharrison619 Then his ability to buy shares in a private startup is more impressive than everything else he did. If a man from the future comes back in time and gives you 10 startup company names that will make it big this decade. The probability that the shareholders will let you in today is small, most startups don't take money from anyone. Money comes mainly from friends and family, angel investors, and VCs. If some 18-year-old boy offers you 10K in 99.9% of the cases you deny it. Since 10K is not enough money for anything on one side, yet it adds headache and may reduce flexibility for you in the future. My point is that this is not the full story, he either had money or connections or did something remarkable (non-related to Facebook) at the age of 18.
I find the name of the brand very clever. The French word ‘homme’ meaning ‘men’ which is pronounced with a silenc H (‘omme’) but then spelled just differently as ‘ohmme’.
Strikes me as someone with rich parents who doesn’t know value of money.. he seemed to shrug off any concerns about stock, money, etc. The Facebook story only really makes sense if he put loads of money in in the first place.. where did he get it?
“Yoga clothing driven company with ethics” lol all the advice from touker, Jenny, tej and Deborah was to bin the ethics and make fast cash. This guy is in it for the long haul and like he says his ethically and ecologically driven products take time to make. Don’t think he’s done too badly and has shown acumen in the past.
This business is suitable to think for profits now, later it will be very competitive. Not much margin for future disruption. Clothing is very competitive and diversified. Even a niche could become very competitive. The same for food and beverage. Unless we talk about specific sports gear, but that is another market
@@superandreanintendo I mean, a male yoga brand at this point in time, as mentioned in the vid, is literally specific sports gear - Peter Jones even says as much
So he sold his facebook stock when they became public and made 2mil?.... if so wondering why didn't he keep his stock a little longer and make more money?. Considering he said the reason why he invested in facebook is because of the maths he understood, then surely he'd have made a prediction that there would be much more money to make?.... confused...
If you listen carefully, he invested when FB went public in 2012 and sold the stock when he was 25. He didn't buy-in PRIOR to the IPO. Assuming he bought the shares at their lowest point for around $18 around the time of the IPO and sold them for $200 he must have bought just shy of 11,000 shares for just under $200,000. How he had that money at 18 idk, but the stock is now at $274 (which would be worth $3m to him today) and he probably needed the cash.
I think this demonstrates the importance of business degrees for people who want to start their own business one day. The knowledge you can get from them is very undervalued now a days but it's definitely worth it to avoid making huge mistakes like these. I really hope he takes their advice. He needs to sell all his stock and not introduce any more designs like he said he would until he manages to sell what he has. Then he needs to stop producing the designs that are not selling and only keep his top 5 or 10 best sellers and slowly introduce more designs and see which ones people like in order to grow the business.
@K B Personal experience is different for everyone. A degree in something does not determine success but it sure does help a lot in different areas. This was a clear example of someone who could have avoided simple mistakes if he had some business background. You would not believe the amount of people like him who make tons of simple yet very harmful mistakes due to a lack of business education.
Holy crap his body language is so identical to my brother's it's eerie. The little subtleties in how he moves his head and his eyes and how he reacts to certain situations are spot on.
Whatever others think (previous comments), he got Peter the Dragon, despite being viewed as a ‘douchbag’ by many here. Bet those saying it; 1) Can’t come close to a handstand 2) Never made 2 Million by age 25 3) Copped a Dragon & kept it moving & grooving. KUDOS TO HIM. DON’t hate, APPRECIATE💯❤️
Spot on!! Good luck to the guy. I actually thought he was very polite, smart and down to earth! People are too quick to judge and jealous, whereas I, and probably you, take inspiration from those that are succeeding