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Dragons' Den winner reveals £80k promise was in fact 'a loan' - of which only £26,500 ever emerged

God almighty look at these guys - Always boasting about how much money they, and the can't even manage to offer 80K investment - instead it looks like they have pulled a scam where they have taken 25 per cent of the company, and instead offered a 80K as a loan. Therefore they take no risk at all with any of their money, own 25 per cent of the company - and then try to sell their services to the woman who started the Business. Of course if the business manages to develop into something big then, all would be forgiven but if not then they just go away and don't lose a penny.

of course its difficult to say if the woman was is being truthful - thought she would have had the commonsense have the contract checked by soliciter - surely two well known multi millionaires who probably earn more money in interest in a few months with all their cash sitting in the bank would have a bit at least just stump up the cash for what they agreed.

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The BBC are a load of socialists you know. Thats why their flagship programming consists of (1) looking down on the disgusting lives of the proles (Eastenders) (2) worshiping capital (Dragon's Den) and (3) worshiping capital some more (The Apprentice). Those goddam commies.

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http://www.dailymail.co.uk/news/article-1303097/Dragons-Den-winner-reveals-80k-promise-fact-loan--26-500-emerged.html?ito=feeds-newsxml

This is a fairly common outcome it seems. Why is the BBC giving these parasites a platform to mess people about?

interesting - I just posted the exact same post - also with scumbag description - checkout scumbag millionaires

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interesting - I just posted the exact same post - also with scumbag description - checkout scumbag millionaires

So I see. Looks like I beat you by a couple of minutes

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Ahh scumbags, how wrong to set up business and employ people and pay corporation taxes.

Ban the lot comrades.

Must create 100% government employment. Wealth creation is evil.

Fabian muppets.

Not read the article then?

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The BBC are a load of socialists you know. Thats why their flagship programming consists of (1) looking down on the disgusting lives of the proles (Eastenders) (2) worshiping capital (Dragon's Den) and (3) worshiping capital some more (The Apprentice). Those goddam commies.

Tongue firmly in cheek I assume.

Disgusted by the "dragons".

The implied investment was pennies by their reconing, and they contrived to leech off a viable business whilst making no input whatsoever. Parasites!

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Ahh scumbags, how wrong to set up business and employ people and pay corporation taxes.

Ban the lot comrades.

Must create 100% government employment. Wealth creation is evil.

Fabian muppets.

You are just weird. There is no communication here.

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Not surprised.

Various rumours frequently do the rounds about the dragons. The fact Caan is doing get rich quick style seminars doesn't look good.

Caan and Meaden are shoe-horned in to fulfil the diversity quotient, the fact is they're not in anything like the same net worth league as the other three and Caan's tax exile status doesn't look good.

Frankly, I'm often surprised how unwilling they are to part with £50k, either singly or jointly, for substantial business equity stakes with pretty small downside. Provided you had a transactional website or decent superstore listings up and running prior to the programme's transmission I reckon you'd easily get the money back.

In fact, the advertising exposure, just from any old shite product, appearing on the show is probably worth £50k+

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The BBC are a load of socialists you know. Thats why their flagship programming consists of (1) looking down on the disgusting lives of the proles (Eastenders) (2) worshiping capital (Dragon's Den) and (3) worshiping capital some more (The Apprentice). Those goddam commies.

I think there's such a thing as stupid socialists.

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Guest Noodle

The BBC are a load of socialists you know. Thats why their flagship programming consists of (1) looking down on the disgusting lives of the proles (Eastenders) (2) worshiping capital (Dragon's Den) and (3) worshiping capital some more (The Apprentice). Those goddam commies.

No that's champagne socialism, projectionism and sycophancy.

Do try to come to terms with the hijacking of the Labour Party by the extreme . . . ly . . . greedy. As it will only be then that perhaps the UK may resurrect the real Labour Party. For better or worse.

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Although she was not yet making a profit, her company was valued at £350,000 and had an annual turnover of £70,000 a year.

IMO you value small business at roughly 4-5 times earnings. If her profit margin was 20% the firm would be worth £56-£70k max.

With zero profit margin, multiply that by 4 or 5 and you get a worth of...

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Although she was not yet making a profit, her company was valued at £350,000 and had an annual turnover of £70,000 a year.

IMO you value small business at roughly 4-5 times earnings. So lets say her profit margin was 20% the firm would be worth £56-£70k max.

Probably about right for an established model in a mature market like a fish and chip shop, or similar.

Several of my suppliers have paid hundreds of thousands, or more, for businesses that haven't even turned over a penny. They typically will have a very unique and disruptive product that threatens their market dominance with a tried and tested money-printing machine.

Typically, the naive seller of the product to the dominant conglomerate is led to believe the larger company will throw all its resources at taking their baby to market. Usually, they find their product gets put in a drawer, never to see the light of day, until another company, they don't manage to buy up, launches something similar.

Some of the very well known branded products have been around so long and the manufacturing process so refined that the product literally costs pennies to make and because the brand either totally dominates the market, or is the market, it yields massive returns. Therefore, significant wedge is coughed up to buy up anything that looks genuinely threatening.

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Is there such a thing as a non-scumbag millionaire?

Ill admit i dont know many - only one relative is, and he is the tightest git I know!

Said it before, all rich people are monsters, in the lowest form of the word.

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Erm, where's the problem?

You give gifts to personal friends and family, or to charity. But this is commercial business, in it to make a profit. You invest in that either by buying shares or by advancing a loan on commercial terms, taking a calculated risk. Or some combination thereof. What else does anyone (even a Daily Rant excuse-for-a-journalist) expect?

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Guest Noodle

I think Drangons Den is like a playground for the rich, and they get paid for it. If it was animals begging for a treat it might make better TV.

I had the misfortune of witnessing this humiliation on TV, mercifully only the once.

Do I understand the programme format correctly? That being some people pulled off the street who've hurriedly prepared a presentation using some cardboard, a felt tip pen and some sticky back plastic being publicly humiliated by a panel of Buy to Let landlords.

Or am I missing something?

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Does anyone on this forum fancy setting up or joining into our own "Dragon's Den"?

Say five of us chuck in 10k each and advertise for people seeking funding.

I don't see any reason why stealing ideas should remain with the super rich.

We could be HPC Investments inc. or similar.......

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She claims that in a meeting that took place in August 2009, she was told that she would have to pay an estimated £3,000 a month for 'services', including the use of a PR company recommended by Caan.

At the same meeting, she claims she was asked to reduce her salary from£50,000 to just£12,000. Indeed, it appeared she no longer had control of her own company.

:huh:

I notice on the show they only take interest in people who have already obtained patents, set up a business, approached retail outlets, and secured offers etc.

Well, if they've already done all that, what the hell do they need the "dragons" for? Just get a loan or ordinary backers if money is the issue.

Why would you need their expertise if all the legwork is already done?

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:huh:

I notice on the show they only take interest in people who have already obtained patents, set up a business, approached retail outlets, and secured offers etc.

Well, if they've already done all that, what the hell do they need the "dragons" for? Just get a loan or ordinary backers if money is the issue.

Why would you need their expertise if all the legwork is already done?

I suppose they can add contacts and experience to make the step from a small business to a large business.

By yeah I agree they never really take any risks, they want someone else to do all the legwork.

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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