This Has Never Been Invented Like This Before | Dragons' Den 

It needs a minimum of 51% for Touker to drag himself out of the bed

Any pre-startup for sure.

and what do you know about venture capital?

I guess beyond my own education(Accounting, specifically Forensic Accounting), simple observation and common sense would seem to prevail!

@@zydhas2838 Absolutely good point!

Agree 99 procent

no.. i think that like a lot of inventors - they are just extraordinarily naive..

Not really 😊

I read your comment before watching the video and all the way through I was hoping they didn’t get investment because I agree with you, that was a ridiculous valuation

ditto

@@macfunker I've just realised someone has already mentioned it in the comments I didn't look 🤦‍♂️but yeh a start up with no sales or even orders etc . It's obvious. I can't believe the dragons didn't pick up on it.. maybe they did.

Definitely a marketing stunt but also highlights how much the 2 of them need their product to protect their last brain cell

Yeah and they didn't even seem to want to make a counter offer like they were scared he would accept it 😂

Only because they are trying to create a business in a socialist country

Yes the valuation is crazy

Probably just there for free promo

Is not crazy. They just don't know how valuation work. You can value a company based on future cash flow (discounted cash flow method). The mistake people do in the den is that they assume valuation need to be based on actual sale which is not the case

or...you are head case!

🇬🇧 Please stop

No. The valuation means it requires rejecting lol. What you on

A valuation of £2.5 million for that product at the figures they mentioned is a joke, that's the only reason they left with nothing.

😂😂

I guess you have a £45 head. My head is definitely worth £150. Shame you don’t think yours is. 😜👍🏼

@@Estiallina You could buy 2 or 3 good quality helmets for £45. There's not many that sell for such a high price.

@@funkfireman 100% bullshit

@@Estiallina damn so if i make a £1000 helmet you're gonna buy it because you're that obtuse?

@@Estiallina ur getting cooked

Yes. If have an accident & involved head /helmet & believe the helmet has been compromised? Just go out & buy another helmet folks.

US president Joe Biden had a cycle accident recently.

@@b-dogs1038 and you could buy 3 for the price of this one helmet. And if i have 3 cycling accidents I'd probably just stop cycling and for that reason I'm out

Theoretically motorcycle helmets are supposed to be replaced after any hit....how many walls in buildings when carrying my helmet have I hit? No clue.

The foam compression is what saves your head. If the foam is compressed from drops or bumps then its not safe anymore because you've removed the ability to absorb energy. Ever notice how helmets for different things are made differently? That's for a reason. A hammer falling on your head is different from your head moving fast an then suddenly stopping.

You people say this about everyone with a high valuation🤣 ever thought maybe that’s just how much they wanted to give away?

@@coolbeanz1702 Yeah i agree...sometimes the dragons ask for tooo much .

Exactly.

Shame it doesn't seem to have worked....losing money year-on-year...

After losing that Sky contract, beggars can't be choosers eh

No no that’s not Matt Le Tissier.

😂😂😂😂😂 You are so on point. Theo would definitely say that 😅

Well although they are still trading, their accounts show annual losses running at around half a million per year for the past 3 years....so maybe they did need a deal

​@@bobstirling6885I hope they stay afloat because my skull is shaped like a Neanderthal's and this helmet is the only one that fits my head. Being soft and pliable it's extremely comfortable.

People say that but I don't see it, it's not like the world watches dragons den and I like it but I'm not gonna buy one. Exposure doesn't mean anything will happen.

Which one is called Greedy?

@@BenjaminGoose They all are

Another RU-vid commenter who doesn't understand the concept of risk:reward. Sad.

He does have more hair now than the early episodes, and that's priceless

@Lee Claxton Lol

His thinking was similar to mine with a background in Materials Science. I would have it rigorously tested scientifically and to safety standards before I would even think of investing at any amount, let alone at 2.5 million...

😂😂😂

Why bring your mum into this?

@@1337murk ....suppose because yours couldn't see the opportunity....😑

Current net worth £-900,000

@@bobstirling6885 :)

I agree... and so does Rory.

I hate this comment so much. Take my like and leave.

Understatement.

Stop using the phrase "the civilized world" its very disrespectful.

@@makatelli You ole' silly-billy.

@@erepsekahs No, i'm being serious. That phrase stems from colonial times where they thought everyone except white europeans we're savages.

@@makatelli Ah....ok you're beginning to get the message. Keep thinking, you'll figure it out.

@@makatelli Go cry elsewhere, fragile millenial woke. I'm sure you let your wife have a boyfriend.

No one did.

The valuation is calculated based on the amount of percentage they are offering for the investment amount. So in this example they were offering 4% share for £100,000. So this values the company at £2.5 million. If for example a dragon had asked for a higher percentage for their £100,000 investment then this would of lowered the valuation. For example if they got a 10% share the company would be valued at £1 million.

Has to be a realistic valuation, based on the current situation/state of the business

Valuation is simple an estimate of the current worth of the company. In other words if you were to sell it all right there you could easily get that amount from an offer. By buying in to a company that is worth 1 million through sells and assets will be diffrent than a start up company only worth 10,000. The problem is this is early stages of the product meaning more risks because they haven't proven their value. ... I hope this helps.

Gets their product on TV.

@@masterblast4069 That makes sense

@@masterblast4069 Way to go captain obvious

Delusional- they're too close to the product and so they don't see the problems that they have.

Free advertising and nothing more

A modest racing helmet in the US costs $150.

Exactly

Exactly. I was thinking sports like stakeboarding, BMXing, mountain/trail biking, where you expect to fall over regularly would be ideal.

Yes but they didn't have any certification to prove that it's good for multiple impacts. Part of the trouble might be that there's no certification available to say that a cycle helmet is safer than standard.

If the helmet gives, then it doesn't necessarily absorb shock, a rigid structure prevents concussive impact where a flexible structure doesn't.

That’s ridiculous. He’s made more investments than any other dragon, is the only billionaire of the group and easily the savviest of them all. He’s helped lots of people become millionaires. Besides, which businessman wouldn’t value their own company? Would you?

In bed since they were asking for below 5%.

Yep, so it wasn't just me that thought that.

Actually it's only safer if struck multiple times. A better question is what is the usable life of their helmet compared to standard bike helmets, which we are told should be replaced every five years because the materials used chemically start to break down and don't provide enough impact resistance five years after manufacture.

Why would you need one because probably there wont be any accident right?

He's effectively saying this "new helmet" is only safer than normal helmets if there's an accident (causing a knock) which renders a normal helmet potentially unsafe, whereas the new helmet would be "safer" if the same accident/knock occurred to it. If there's no accidents/knocks then the new helmet provides no additional safety benefits over a normal helmet. Tej is considering this from an end customer perspective given that the newer helmet is nearly 3x the price.

@@Testinator1234 Do you realize fillowing that logic, normal helmets offer no protection if there is no accident.... It's a ridiculous thing to say. The reason for ANY helmet is because an accident *might* happen, not because it definitely will. It's the same reason for an insurance policy. Sorry Jimmy, the particular injury you took wasn't anticipated by the maker's of the standard helmet, you'll have to get the rest of your nourishment from a feeding tube. But we did save a few bucks on the helmet!! Ridiculous Will everybody pay the extra money? No, of course not. But why not get the ones that will? I'll bet a lot more will than you think,

I fell of the bike so many times and never hit my head, it would always leave a mark on my elbows and knees. Cheers

Exactly it’s the force transferred ! If there is no give force goes through and you brain goes shaken baby damage.

Yeah and every time you do small invisible damage you reduce that "crumple zone". Bike helmet use the compression of the foam to absorb the impact. Every time the foam is crush and condensed you remove that compression factor. Get it? If not I can explain more.

This show isn't in the US.. The US isn't the only market in the world lmao.

Thanks sherlock

@@coolbeanz1702 Next time u comment have a point to it otherwise it's pointless. Just abit of advice

"Why didn't the dragons ask about the cost of producing the product and how to reduce the cost of production." How do you know they didn't?

You would have lost your investment.

Your £100k would now be worth £-200k

@@bobstirling6885 ha ha ha.. nice one.

rickysmyth - your last sentence is hilarious 😂😂😂

In theory, a traditional helmet should be thrown away if it's dropped, so it's not just "accidents" that take a helmet out. Also, cyclists have little control over the actions of other road users so sometimes you don't get a say in whether you're in an accident.

Theo covers if one of the others is unable to attend.

Sketchy or not they’ve saved many a people from head injuries over the years