Exactly, tho instead of the cliched, boring, repetitive unimaginative Jenny "'I'm out" comments, it's a bunch of boring, repetitive "you could say that" comments.
@bitterman co except if a stir could solve anything in this particular case Deborah wouldn't be able to pour out the entire jar. Don't call people ignorant if you can't even listen.
@@BroArmyCommander Do enlighten me. I'll say I didn't know that because he didn't know that, as after Deborah poured out the entire jar he was speechless.
@bitterman co To be fair, that is in Australia; not a concept that was commonly used in Britain - and still isn't in comparison to standard PB. It's not far-fetched that she'd be disconcerted by the fact that the product - typically known to be a very thick substance in *almost all* other cases of commercial products - is running thinner than honey throughout. Putting the fact that it's a natural occurrence aside, as an investor, you have to weigh out how the customer base is going to receive your product, and how much scale it has behind it. By all accounts, runny PB is still much more of a niche market in Britain than the standard thicker type, and most people still consider PB to be thick straight from the jar. She was ignorant, true, but her ignorance wasn't baffling by any degree; it was just standard for someone who hadnt been exposed to a particular product before.
He was several years ahead of the market. Everyone has peanut butter of that consistency now. Hope he’s doing well like the rest of the Dragons wished him
Kiran Roberts Don’t buy too much into the “not knowing your numbers” schtick. Dragons Den has a retarded rule where entrepreneurs aren’t allowed to bring a copy of their numbers in so they can have embarrassing moments like this for TV. In a real pitch people would bring in their balance sheets to make sure they are 100% correct in everything they’re saying. This is just TV.
@@ubermensch4304 Yeah but to not even know what's in a balance sheet? What assets and liabilities are? Those are pretty fundamental things to understanding how any business is doing.
The quality of the product you're being asked to invest in is a genuine concern. Peanut Butter isn't supposed to look and behave like baby diarrhea. And no, stirring it would not have helped, It wasn't a separation issue since (as she pointed out) the entire thing ran out and not just the oil.
SpadeDraco well natural peanut butter behaves and looks exactly like it did on this show. The ingredients that make most peanut butters creamy and thick are super unhealthy. You have a lot to learn of nut butters, grasshopper.
Aww, I genuinely felt bad for him, he seemed like such a nice guy and was just really nervous and a hard time with business side of things. I'm really glad to find out he's doing well with his business now by reading some of comments that makes me smile. That's fantastic.
No the company went bust. All value was wiped off the face of earth. He is no longer with any company, his entrepreneur dream was a crack dream. Should've taken the economic course more seriously. He didn't leave, he was forced to drop out.
@@akashp01 Yeah, he lost 80% of his capital in a couple of years, has no deals to show for it, and didn't know any of his numbers that could convince the dragons. I don't think he has the right mind for the business side of his own business. He could be a great face for a brand, or a lead of sales and with a bit of coaching could be the person that pitches this to big retailers.
I absolutely appreciate the fact that unlike other people, this guy was self-motivated and didn’t start crying like some of them have while being under pressure. A good guy stuck with a mediocre-opportunity product.
Christopher Mills I agree. That being said many business owners are just not clear enough about the finance and the finance is the bare bones of the business.
Definitely room for a range of peanut butters on the shelves, and he's a impressive guy to boot. For 50K I'd of given him a punt. The fact he ditched uni to pursue his own passions speaks volumes.
The Wild Peanut has come leaps and bounds over the past 18 months. Quite simply, 18 months ago I was £1,000 in debt (after I left a previous business to follow my passion to do this), with literally just an idea to create a peanut butter brand and not an idea of how the food industry works to having sold over 10,000 jars, launched in Harvey Nichols and Holland & Barrett nationwide and on final stage terms with two of the major supermarkets. I also have expanded the team, having taken on six interns, as well as gaining investment with a global food company to help the growth.
Business seems to be doing alright. Reorganized itself a few years ago. Mr. Ojuko is still leading the company. Seems like he got the success he was "desperate" for
As a CPA accountant, I can confirm that asking for a balance sheet snapshot of the top of anyone’s head is the most ridiculous thing to ask. No one memorizes financial statements , only key numbers.
That chick that didn't listen to him whilst emptying the jar pissed me off so much, just listen to the goddamn man, you asked him the same question 3 times but instead of listening you chose to empty it out.
I dont remember looking at balance sheets when I did economics. I looked at budgets and what not but not balance sheets. Economics is a social science at the end of the day
I wanted to say economics won't probably teach you accounting! He's doing finance and banking too though so that would have covered it in the first few weeks
God, never seen the Dragons so sad about a situation. Kind of makes it obvious that these episodes are cut down, because for an hour (or how long the pitches and negotiations go), he clearly left a very positive impression on them.
Id of invested in the company just to work with him, hes going to be a multi millionaire 100% you can just tell with some people, hes got proper potential in business.
So do I. His peanut butter does look good. Kinda reminds me of Almond Butter. Usually if I get a oily peanut butter I stir it up. The dragons obviously have never had good peanut butter before. 🥜
Actually this guy has done very well with his peanut butter business. He sells it into America and it’s stocked in many places, including Protein Works. I believe he’s now a rather wealthy man. Well done Akeem
man that has to hurt the way Kelly said specifically his bad finance skills were why she was out. He wanted to major in econ/finance and dropped out - probably still thought he was a good finance person even though it was proven he was far from it.
Bless him. Don't give up on your dreams bro. Keep grafting. It's the people that get four hours sleep a night and don't stop working that make it bro. Keep grinding mate
Failure can teach you things which may never be found in the path of success. This is definitely an L for him, but from this experience is now in a better position and learned many valuable lessons! The feedback at the end from Peter, definitely instilled some self-belief and assurance about the path he wishes to take in life!
Nice to see Peters compassion, I thought the peanut guy was going to burst into tears when Peter expressed his concern. Nice to see the hearts of these fire eating dragons occasionally ❤
@@BenjaminGoose in all fairness, I get that the investors are big and they got to where they are but if it were me, I'd have a bit more dignity than to allow them to play with my product like that. But obviously it's better to keep your cool like this man was doing
She was but he didnt use it to his strengths..He should have been more confident and sold them on the benefits of not using food stabilizers instead of playing it off as a flaw
I was shocked to watch this episode. Akeem features in a RU-vid channel podcast called Cheekysport. Talking about football with some other hosts. I was quite shocked to see this video! His business is doing well too!
I dont understand why they were so kind to him? Why didn't they rip him apart for not knowing his balance sheet after doing two years of a Business degree! I would have told him that he should have stayed in school. How can they be so inconsistently kind to some but destroy others..
They all doubted his business but he went ahead and succeeded. If you’ll look the company up now they’re shipping to 4000 stores worldwide and have quite a following online. He himself has 20k followers, recently got married and is co-hosting a successful sports show/podcast (CheekySport).
He tried to run the peanut company up until January this year. 27th of January he had termination of appointment as director of company 28th of January the company applied to be struck off and dissolved
In my view, for what it’s worth, is that the appeal of your channel is how you choose to fix your problems for yourself. Documenting your authentic journey is the point.
Chace Bonanno Yes...yes they would, but sometimes an idea alone is worth a punt, and for the money he's asking I think it was worth that punt. Perhaps that's why I'm not a Dragon 😂
Deborah is such a beast. It's like she had to have the guy watch her pour out the entire jar so that he knew she had seen first hand it was not just oil at the top.
I always caught up on Dragons den. I missed this. Really likeable and strong guy but the figures... Peter seemed to have empathise with him only to crush him further!
.to having sold over 10,000 jars, launched in Harvey Nichols and Holland & Barrett nationwide and on final stage terms with two of the major supermarkets. The Guardian 2005. Well done Akeem 🥰
I think he trained in the wrong field. He's clearly a creative guy and has passion and can speak very well AND did a great job on the branding; but he did business and economics and messed his figures up a bit. Definitely a creative individual just going the wrong way about it slightly.
That tends to happen with creative people. I have the same problems. I hate doing much with money it vexes me. But I like ideas my cousin and I have created some card games that way.
Bedlington I’m exactly the same. Literally. I’m currently on the second year of the same course as him at the same uni and wish I’d chosen something more creative
