Scientist Triggers Chain Reaction of Bids in the Den | Dragons’ Den 

Not true, he correctly valued the dragons. He had capped out at a certain size, the company no doubt needed redesigning to expand further. Dragons are particularly adept at expanding businesses, and will easily bring 10% more value with their connections and contracts. He is looking to quadruple the business at least.

@@carbon1255 true but still undervalued it as 3 came in on his precise terms. I think one of them would have given him a buy back 5% to secure the deal, or maybe given more cash for the 10.

Disagree. He valued it accordingly.

no, he did not. he did not need the money, but cannot go there without a cash injection. he was looking for contacts, international relations and general help with a growing business.

@@bartduynstee1577 you explain the reason he chose to undervalue his company. Congrats

LOL 😂

haha brilliant

If you want to get some offers from the dragons, it's pretty simple... Just make sure to wear a nice looking suit and once you are in front of them you need to drop your pants. They will immediately be impressed by your big balls and should get incredibly excited. After that, throw them a few insults to insure your superiority. Now you can do your presentation normally and at the end I guarantee you they'll fight each other to give you their money. Enjoy being a millionaire!

😂😂

Lmao

In other pitches, the entrepreneur actually thanks the Dragons for their offers or after they go out. This one was highly dismissive.

@@jdrodrigues7 Dude...everybody thanks. You're getting the edited version and most probably it wasn't included in this video.

I recommend watching the pitch of Sam Jones from Gener8. That guy also had 4 offers from dragons for exactly what he asked for. Even Peter didn't bargain. In fact, Peter was the first one to offer all the money for the asked percentage.

He still looks geeky though

Geeks can't be composed and confident?

Yeah and if you want another laugh, look at his face when the entrepreneur decides to take a different offer at 12:18

@@Kris_Aalst he's too greedy. Serves him right

@@Mainoffender69 I've noticed he jumps in first. I assume he does this so he can set the bar low.

The balls on Peter to casually offer asking price for double share, when 3 other dragons had already offered 10%. So glad Nick and Sarah teamed up on this one.

Ahhahahaahahah brilliant I did the exact same

That's great that it worked out, I was just wondering that after I watched this!

That’s kool mate 👍

Sod off if you're in the US

@@sesu5604 why would you say that?

@@sesu5604 🛎🔚

He’s definitely my favourite dragon I agree, I’d rly recommend listening to him on the diary of a ceo podcast, extremely likeable chap

I love Nick Jenkins, a truly down-to-earth kind of bloke 👍

Best DD would be Nick, Richard, Peter, Deborah, and Duncan.

@@Paaraadox I tend to agree with you, Erik.. but I do love Sara!

I think it’s just the way his trousers fit tbh

I reckon he’s copying the professor (Alvaro Antonio García Pérez) in Money Heist. He even looks a bit like him 😂

Nah it's just fake glasses to look like a proffesor I bet he doesn't wear them usually

@@entropydomain haha this aired like 4 ish years back way before money heist released

its so he can get a closer look at the dragons faces

@@rahulbsai Time travel confirmed!

Such a weird move. I think he knew he wouldn't be selected so made an offer that was never going to work. Even his ideas were odd. What mother buys a red letter day experience for their kids party?

Peter's ego demands the biggest slice of the pizza

I'm out. I'll take 10% yeah. Me too. Seems fair. Peter: I want to bury this, I want 20% and your left testicle as a keyring for your house keys.

@@NeilBlaiberg No Peter was probably thinking He could have more value then the other Dragons and would probably of negotiated a rechit deal.

He should've gone with 15 percent. 20 is too high. I think he was just going to spice it up a little bit since the other dragons' offer are too straight forward. Not a bad deal if he got it, but he clearly not that keen about it either.

That's his style. By asking double the amount it might appear as a more valuable offer.

TRUE! Peter didnt give reasons why HE is worth 20%. He just made the offer and stopped. HE didnt say I have contacts at this or that retail, I can connect you with travel and tourism.....unless what peter said was cut off in the post production filming for time sake.

He clearly didn’t really want it and knew he wouldn’t get it. Just stuck the offer in to make the show more interesting but he would never get it at that price with the other offers on the table along with the weak proposition he had for the business.

Peter was hoping that if the enterpreneur shows any kind of interest to his offer, it would alienate the other dragons and make them go out on their own. Usually, if the entrepeneur is targeting Peter and has less working brain cells, this tactic will likely work. Good thing Marc didnt show even a slight interest

@@JazzyMarineVet He did name and imply what his contacts could do just before his offer. It wasn't his best showmanship though.

Peter and Deborah should have tried to combine forces, their views of expansion through different outlets first before going global would have been an interesting path. Anyways, what a great business for once in the Den!

@@datcollie975 I have a feeling with a revised offer they could have clinched it ,alas ,too late

@@datcollie975 I’m sure if Peter and Deborah need advice they will come to RU-vid comments

Thanks for the spoiler man

@@CharlieboyTop ha ha ,im sure we could learn from them ha

It's all in the editing. One push? 5 pushes?

Every time they offered you feel that?

He reminded me of that evil villain in the third season of sherlock when he did that.

oh? What a clever lad!

How much for?

How much for ??

I would guess it’d be somewhere in the 50m region - considering it was doing 4 fold what it was doing when this episode aired & he’d already admitted to being a millionaire on the show - not to mention when a venture capitalist buys you out, they always pay over the odds.

@@dazediss6629 he admitted to having £100,000+. I agree though, it’s a smart move to exit with a turnover like that

yeah, what a nice guy.

Same :)

Just in time for the morning lol 7am

I love how most dragons den viewers eat when watching haha

I just had lunch :(

Got a ham sandwich over here

I saw that too, had to rewind it😂😂

Snifffffff

made a noise too

She hawt 🔥🔥🔥

I loved it. I love Peters crazy offers being declined.

lol it's all in the editing

I do believe you could be right. He had no interest, and had no idea what he could offer. But this is an entertainment show and also a vessel for self promotion. So he has to involve himself. The only thing he could salvage was a his “alpha dragon” status.

Absolutely. He's my least favourite dragon for that reason. He didn't even really have anything to offer and he knew it.

I agree it was the smartest of the decisions he was presented. However I feel like theoretically the perfect solution would’ve been Nick and Deborah sharing it, only because the holiday and entertainment work / industry would him a lot of extra revenue

I totally agree

I think she could pull it off as well 😂

Hahaha, gross 😂

LOL

😂😂😂😂😂

It would have definitely piqued my interest exponentially. I think Debra is incredibly sexy. Sarah is too though.

Half of the pitches on Sharktank USA look completely deranged

C'mon man, who doesn't want to see Mark Cuban debate the ethics of the Big Bang Theory with a science guy, on national telly.

I like both DD and Sharktank. Sharktank USA has an edge over DD though in terms of negotiation dynamic that can take place between entrepreneurs and investors, which is much more realistic in what happens when entrepreneurs are going for investment. Also, "the sharks" seem to be willing to take a punt on things that "the dragons" would pass on. I prefer on DD that they don't push entrepreneurs to make a decision before other dragons have had a chance to make an offer, or say they will pull their offer if they don't say yes on the spot. Investment negotiations never happen like that in the real world.

What support he can offer he think he deserves 20% you are not to judge what he wants

Good read ahaha 🤣

ya XD XD XD, Peter's mind voice "That Damn Nick"

@@lourdpravin1046 bra he couldn't help it 😂

i agree convenience stores wtf?!

@@dsmsl9734 Deboarh also gave a good idea, its a shame she didnt team up, so he could still do it. Peter gambled on an undefined idea, to ask for a bigger %, was never gonna happen.

right, 20 years ago maybe :-)

You could do so much in retail - make your own slime kits, for example. Any experiment could be deduced down into a safe and fun DIY at home kit.

@@jonyoung2057 sounds more toy store or supermarket, than convenience store

How much?

@@5mft Looks like a net worth position of approx 1.4 million pounds

You see, even ideas from Dragon’s den really good sometimes. And it’s unfortunate that he is actually doing it in the UK and I’ll be a successful, could’ve made a lot more money if you were in the United States. Forgive the Siri typos but I couldn’t be bothered correct in it because I’m using voice over. Anyways, I really do wish him all the best and this is one person I want to genuinely see him and his company succeed at a global level

@@ericbrearleynetworth of 1.4 mil for a company doesn't sound like a lot...

Young Touker: "I HATE science!! For that reason, I pout!!"

A difference to their bank account that is 😆

@@shino8854 both, passion is still important (at least until you become rich enough to be a dragon)

Lol average british person is unfriendly and cold not polite.

Not a sensible valuation!!! He has clearly undervalued it .. that's why everyone jumped in to accept his terms!

​@@bluesque9687 he also clearly didnt need the money, and was looking for a dragons expertise and connections. So asking for less was a great move if he wanted a lot of offers.

but he did not need the money. the only way to have had a better offer, was to demand less equity.

He didn't want to invest just wanted to look like a hard ass

As a kid I always loved watching all of those Science shows that came on TV, but in my little city these sort of Science parties and events aren't even a thing so never had the chance to go to one, but if there were I would have definitely, lol, in fact I would go to one even today. Kids definitely love these things and love to see people doing it with passion.

Alright calm down

He didn't invent them

he sold the company in 2018 and severed his connection with it. The company is still going strong from the same location, but is now part of a group of companies doing that sort of thing.

I thought it was a decent gamble. He described a lot more value than any of the others did, when he talked about convenience stores and Red Letter Days. Plenty of other entrepreneurs have chosen Peter in the same situation.

wow, would you look at that. another cod kiddo watching this vid at the same time. happy friday lunchtime to you too

@@Corrode get stuffed you budgie smuggler

Watch the original Kitchen nightmares. Even that's more chill with the drama.

Except Top Gear

They must be too big for him lol it's annoying me too

@@l10nfeeder55 I think it's literally the same clip that they keep playing over and over!

That's right, it is businesses where well connected investors have good contacts and high equity, that thrive. The investors are much more motivated and inclined to support these businesses amongst their otherwise large list of companies.