Want some tips on how to pitch to investors? From fitness start-ups to app companies, learn from the Den’s investment hopefuls First to face the Dragons this week was Scottish entrepreneur Steven Reynolds, pitching a business aimed at encouraging children to get involved in fitness activities. Reynolds claimed his turnover figures would be bolstered by pending contracts that would fuel growth, producing documentation as proof but this wasn’t enough to convince Jones:. You’ve just got an agreement which you’ve agreed to trial. Anybody can do this. I’m not even going to waste my breath or my time. Nick Jenkins offered out some advice to the fitness founder and noted that Reynolds could have a healthy cash flow if he hired vans, scrapped the Manchester office and paid staff on a daily basis.
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Andrea Madonald, founder of ideaXme Ltd. He divulges more than he intended to, but it serves as a timely reminder, that in an era of fake news, it pays to be honest and it pays to be authentic! I am not trying to be a sales person. I am just trying to say it as it is. In the midst of his celebrations, ideaXme was lucky to be granted a quick half hour with John to discover more about his human story, his secret weapon and the big ideas which are, with the support of Dragons Nick Jenkins and Peter Jones, about to become a lot bigger!
John Kershaw is the founder of M14 Industries and bristlr. M14 Industries is a technology company which powers dating. You just sign up, bring your idea, and we do the rest. But we discovered something very important, that there are lots of tools to build dating websites but none to build dating apps. Bristlr is a service created and owned by MI4 Industries. It started as a bit of a joke in October
‘WordPress for dating apps’ M14 Industries acquires Double, a ‘Tinder for double dates’
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How the M14 Industries Dragons’ Den deal collapsed
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The self-assured app entrepreneur appears to have an answer for everything. Then came the offers of investment. Moonpig founder Nick Jenkins was next, followed by Sarah Willingham. Told here for the first time, Kershaw picks up the story:. Everyone is keen to get the deal completed fast. M14 Industries founder John Kershaw. However, at around the same time, M14 was approached by one of its larger clients who, says its founder, had learned that the startup was preparing to take more investment and asked if they could be part of the deal.
Nick knows his way around tech investments, and is happy for us. Which, frankly, is fair enough. In a follow-up call, Jenkins also pointed out that agreeing to 20 percent in the Den, then closing at 6 percent a few months later, would cause trouble down the line for the show, and possibly lead to people not taking future deals seriously in the Den.
In a final, and perhaps ironic, twist of fate, the unnamed investor would also go on to pull out of the deal in favour of simply remaining a customer. Both Nick and I wish John and the business all the best for the future. Dragons’ Den.
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A double dating app which encourages friends to date in pairs has won over the investors on BBC show Dragons Den. Advertisement.
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Yes No. Full accounts. After the den, Jenny invested the money for Operations now look to be scaling with the business moving into new premises. The deal was never completed. The limited company is classed as a dormant company at Companies House so it’s not clear how the company is currently trading. Original pitch. A deal with a firm like this was never going to be completed. This begs the question, why was it even on the den in the first place?
Pay to play? However, that was never a problem as the investment never happened. The deal broke down after the den and unlike most failed deals who are keen to continue riding on the coattails of the Dragon’s despite the deal never happening, the owner of Brighter Bikes has documented his post den experience in a blog post.