Theo and, unless entrepreneur is a pretty lady, Duncan always do that. This time Theo smelled the sweet opportunity and stopped crushing the entrepreneur.
This is from 2008, this man is still in business. If you check the website, it says it was rebranded and they seem to be doing well. He made the right choice. Happy for him.
the entrepreneur’s initial valuation was £1.7M the dragons’ offer (at 40%) effectively valued the whole business at £637,500 his counter offer (30%) would have brought that up to £850,000
The point of evaluating the company assets is to offset risk... meaning if it all goes South then they're not left with paying for losses. It's all maths and James was quite clear on his arithmetic. The dude 'agreed' to the terms insincerely, he had no intention of sticking to the terms, he was essentially messing them about.
I think expensive jewelry is going to be too careful of a purchase to do over the internet. I'd want it to be in person with plenty of paperwork to prove it all.
I remember shopping for a diamond engagement ring in 2014 and this was one of the sites I looked at. I couldn't bring myself to order from a company called Diamond Geezer though.
The greed from these guys is unreal. They wanted 40% of his business and asked him to include the premises that the business operates from. They also wanted him to remove his directors loan which is basically the salary that he withdraws. Lmao how ridiculous!
I mean you're right but you do have to factor in that a jewelry business (of all things) operated for FORTY YEARS is still barely making any money. The Dragons would have to do all of the work if this guy couldn't figure it out in forty years. But yeah still it's pretty greedy, I bet a 2-way split 15% each would've worked, probably without Peter though.
@@RealRushinRussian he has 250k+ in stock and owns a building which was 75% paid off. just because you aren't reporting a profit doesn't mean you aren't making money.
Nice! I found a leather shoe that I was able to boil, the rubber become almost like a glue and I was able to consume it. No nutrition in it though, but that's where the fresh caught insects came in. Hoping tomorrow's haul will be better. ❤
The business is still going and sells real tat. If only men knew young what they come to know eventually there wouldn't be a jewelry industry because women would buy much of the crap for themselves. Retail jewelers are beyond any measure of doubt a conspiracy of shysters. A minimum of 5x markup on items that aren't remotely rare or difficult to obtain, other than by market control? Never trust a retail jeweller.
Sometimes people don’t understand that they have a different view on what they want and how to live with their life in a different world and how they can be more comfortable and happier and more productive in a way that’s more important.
He did well to get the website name That would have cost a fortune unless he bought it early in the roll out of domain names.. No need for Duncan to have been so rude
I like the fact that he got an offer from 3 dragons despite that terrible woman tried to ruin his business from the very beginning. Unfortunately Clive didn't accept the offers and today I truly believe he regrets it!
Would have been smarter to negotiate deferring rather than writing off the director's loan and letting them have the 40%. He'd have a better chance of getting his own 100k back with 3 other people invested in growing the business than owning 100% of 3k a year on his own.
Snarkily stating the profit of your business to a potential investor after clearly being asked for a straight financial figure is probably not going to go down well. But what do I know, I don't run a business 🤷♂
Smart move not taking the deal. Now he gets to keep 100% of a couple grand every year instead of 60% of the few hundred thousand per year that 3 dragons could have helped to build.
@@donramanayake1505 Ok maybe it's not black or white 100%, but do you really think the guy had a better chance on his own to make more than his split with a dragon would have made him?
What planet are you from, that you're not familiar with CDs? I'm not telling you, because you have no excuse for not knowing...and less for not looking it up.
3 dragons for 60% equity all at the same time would be too much for any founder. They will eventually butt heads with each other if the business takes off. Better to allocate that equity to passionate cofounders who will actually work and grow your business with you on a daily basis and then dilute your shares later when the time comes for more capital.
anytime I listen to one of these pitches, the first thing I do is punch their numbers into my calculator to figure out the entrepreneur’s proposed valuation. the quickest way to do it is cross-multiplication - you multiply the amount requested by 100, and then divide it by the percentage of equity on offer. so for this pitch, it would be: amt requested - £255,000 equity offered - 15% 255,000✖️100 🟰 25,500,000 25,500,000➗15 🟰 1,700,000 and so the entrepreneur is valuing his business at £1.7M if he had accepted the dragons’ offer, it would have effectively valued his business at £637,500
@@sophocles1198 judging by all the basic, room temperature IQ comments I see on every single video, I think it’s safe to assume that a lot of people DON’T know this (or at least they were taught it at one point, but straight up forgot it), so I was just trying to be helpful :)
