"That Sounds Like Somebody That's Just Chancing Their Luck" | Dragons' Den
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- Опубліковано 3 жов 2024
- Sean McGarry is next into The Den pitching his innovative shower storage system. He's seeking an investment of £100,000 in exchange for 10% of his company. Will it be an investor's money down the drain or will the Dragons' see this as an investable product?
Season 17, Episode 2
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #ShowerGem #Innovation #BusinessPitch
3 Dragons are a big team to bring on board. If only one of those Dragons was able to offer some sort of commercial location - a building maybe - perhaps in Central London for everyone's convenience, where they could strategise about business matters.
"it can be removed without damaging the wall." If you are really lucky! 60pds! LOL
EASY Buy the product analyse the glue YOU HAVE THE GLUE FORMULA QUICKLY!
The Chinese made copies are selling well already! 90% of the sales?
Crazy that you say that…I’ve hear of a certain English-Cypriot businessman who had once mentioned he might have a small lot of space available.
🤣🤣
I was thinking maybe an office in the Shard?
@@danquaylesitsspeltpotatoe8307potato
Sarah: "Ok, but you sourced the glue from somewhere on Planet Earth, right?"
Sean: "Respectfully Sarah, I am really not in a position to confirm or deny from which planet I sourced this Martian glue - DAMN!"
My dad has an invention with a very special rubber made by one company. Giving away the source or even narrow down the country gives copycats an easy way to find it. Our house smelled horrible why hecwas search for the right material
You buy shares in Tesco, you don't buy shares in its cold meats counters.
The whole point is the glue/epoxy. That is the whole USP, and he was clever to keep it under wraps.
It’s just e6000 adhesive with a hardener resin.
@@oneheadlight8000 ..you love it
@@Bofnfresh superglue!
Imagine it's just a packet of gorilla glue
What's to stop someone else doing a similar product and just using the same glue?
Credit to him, he was right about seeing it and understanding it instantly. The second the product was on screen I got the concept and thought to myself: "I could probably use something like that"
⁰
Products like that have been around for years. You can buy them from the 2 dollar shop. Some of them hang off a tap fitting so they is no fixing required. I dont think he will get a patent for this. Its not a new idea.
It's the glue that's the important bit. The actual rack is cheap tat, but a glue that works on any bathroom tile and can be easily removed without damaging the tiles? There's definitely other applications for something like that. That's why Sara was asking so many questions about it.
@@peterclarke7240 And yet it's just an off-the-shelf glue that anyone can buy.
Tukasuli Man is the happiest Dragon. Whether he gets the deal or someone else does, he's always so happy 🙃
That’s because he has so many offices in London. ;-)
he's luvving life 😀
@@richardking7425 Tukasuli and his offices lol 😆 I imagine there's a skyscraper somewhere in London full of offices where he keeps all his entrepreneurs locked up
Touker suleman
@@MachonaVideosI believe it was a joke.... kinda like "Theo the fetus." But I am sure that you are just a joy at parties.
Not sure if many people know that when a dragon says they’re out, they can’t come back in whatever happens next
It’s a bit silly, but I suppose it adds to the ‘drama’
But they do come back in.
@@J.W.Broganon really old episodes before the rules were finalized yeah, I'm pretty sure
That’s true, Rick, if you watch very early episodes, they hardly said I’m out anyway. Plus there is an episode where Peter Jones is out and the pitch tries to talk Peter back in and Deborah says Peters out so no point talking to him
@Richard L lol
He was lucky. That was offensive trying to value the dragons less and less. He'll get less help
Yeah, how dare someone try to get a better deal. 🙄
That Shuc lady placed an order for 2 million of the glue to paste all her shucs all over European hotels
Haha :D
S H U C I T
£25k profit in 5/6 months doesn’t equal a 1 million valuation. After not making a penny in 3 years. That is a joke
£100,000 for 24% also doesn't equal a £1 million valuation.
Dragons den is becoming a joke
I have a shower organizer that doesn't require glue, screws, or suction cups, it just hangs on the neck of the shower head.
I used to have one of those but it kept falling off and smacking me in the face while showering.
They are off centre and list left or right and rust. I hate mine.
Doesn’t work on a lot of shower heads
There are plenty that also hang over the shower door or curtain rod, too.. I would think the glue is maybe not renter friendly.
Deal didn’t even go through and company dissolved following year 😂
shocker
I thought the glue couldn’t dissolve
What a wash.
But yet the product is for sale online on several sites.
Left over stock
It almost became a sticky situation when he refused to name the country.
😂😂😂😂😂😂😂
Peter Jones: "Your soul and firstborn child isn't included in the deal? That's disingenuous and I'm out."
Nah, I think he's completely right, and I don't trust that guy. I wouldn't want to be investing in anything less than the ENTIRE operation, not just the slice he wants to make available.
It's interesting to me how a position like the investor's is nearly an automatic deal breaker on Shark Tank, but Peter's the only one who cares on this show. (The sharks often do make successful deals for the entire company though.)
Im looking at how does the adhesive fair against harsh chemicals? The unit looks susceptible to mold n mildew. Cleaning is my concern.
Touker wants that glue. Heaven forbid someone makes a good glue.
I have to be honest here. They barely went in at all. Usually they pop off when somebody doesnt have the patent or has an easily copyable idea. Barely grilled him on his numbers. He was also waffling a lot of his pitch and only Peter called him out on it lol. Also his valuation. A million and usually they're merciless when you're valuation is too high. Fair play though he got offers and got the dragon he wanted which is more than most could do
Agree. They must have been in a good mood
@@JohnSmith-me4ik do remember the dragons also will either because they want to invest or another dragon wants to invest. Be really aggressive during the pitch about a business' weaknesses. So that when they do make a shock offer thats actually quite poor you've been so heavily critiqued you'll accept it. Dragons are odd sometimes like here but I imagine it's because they really dont care about investing but want to look not like a dick all the time to the audience
He should set up another business removing mould from showers and really cash in on the flaws in his product.
If you clean your shower and ventilate your bathroom properly (even if it’s just opening the window), it’s not a problem.
Im surprised they didn't just bark him out the door after his evaluation. People have been absolutely ripped apart by the dragons for less. Perhaps its because they believe in the product?
*valuation
They're getting soft
"im more of a hugger"
Sarah i would love one of your hugs, they look wonderful
Wow, if he came into the Den a few years ago and refused to reveal the production location of the glue, he would have probably been shouted down by one or two, or even straight up rejected by a dragon. They seem much more mellow and lenient now
I think it's because it's a bit irrelevant. When people are normally secretive it's about something critical to the valuation (e.g. "this secret company wants to give us lots of money"). The location of the glue factory ultimately doesn't matter.
It's really about how good the product and the business is in the eyes of the investor, if it's a joke with nothing interesting about it then they would have scolded him, but they saw a good product and a business
It was probably a test from the dragon if he would reveal his secret. Who does that?
🤣 and he "forgot" to show them how DISGUSTING it will look when SCALE/calcium covers it! 🤣😂🤣😂🤣😂
I thought the same thing
Does Sarah not know that parachutes slow things down, not accelerate them? Lol.
I think she means sail.
More like propel
she meant catapult. people dont even think about the words coming out of their mouths.
I can't understand why they invested in this one.
The product is so easy to copy, it isn't even looking well, and it is the wrong approach to start with.
Suction cups are really so strong, no need to glue anything on a shower-wall.
That is the best deal I've ever seen come out of the den. Hats off to you mate
This guy's tripping. No More Nails came out in 1997 (this was filmed nearly 20 years later) and one trigger pull can hold 20 kg. If you apply it correctly, it can hold up to 350 kg/m² . He could've just gone to B&Q instead of contacting 20 odd Chinese firms.
B&Q is the source of the glue. That's why he doesn't want to reveal it.
He can't use no more nails for his product they wouldn't allow it
Getting a dragon or dragons is worth more than the cash raised. You get experience, mentorship, an actual MBA crash course in live business, and how to be a great MD and business owner.
The glue is made by some Irish Leprechaun Skinheads in Cork
Funny thing is if the deal fell through people would call him out for being a bad negotiator not a good one lol.
Sean's clearly chancing his luck, refusing to offer Peter even ANY of his grandmother's state pension
i have no idea how this works so bare with me but, how does it take 3 years to research glue?
Something just feels odd about the fact that 3 dragons just invested 100k in a see through shower rack made of plastic, and some Chinese glue. I cantvsee anyone with any taste buying one for their bathroom. It just looks tacky.
Very very tacky
I am also confused
I'm pretty sure this was on Dragon's Den Ireland and did pretty damn well too.
I think those dragons had a sniff of that glue, and it really is the good stuff.
The glue is top secret bro
IKEA now has those suck cups and they are amazing, they do not fall of the wall anymore and no glue needed!! Sorry for this guy, but this product is not needed… ikea wins again
You won't beat the giant's.
@@mauriceosullivan6832 The giant's what?
This is sort of tat you get at home bargains or B&Ms, surprised he got offers
USP is no fixings. Maybe not to your taste, but a lot of people dont like rusting metal frames (me included).
@@AnotherPointOfView944 wasn't knocking the design, just that you can get these products for cheap in pretty much any store that has homeware section
It does remind of the products that do really well in IKEA.
Suction cups...
It’s nothing of the sort ,that stuff will rust after six nonths
Intro music sounding like 50cent
The episode was filmed in August 2019 and I'm not finding any evidence online that the deal went through.
If you search for his name followed by 'dragon's den', there's a piece in the Irish Times about it. Looks like it went through
The deal failed, the company dissolved but for some reason their website is still online
Looks like we may never know for sure.
I guess you better call Saul
I'd rather call Bill Oakley
It’s all good, man
3 years to find glue? Just about every merchants will have a CT1 demo concrete block on display 😉
Wonderful TV show and an amazing unexpected ending 👏 ❤️ 😀
Greetings from Danmark 🤜 🇩🇰 🤛
My favourite episode
Pizza Jones: “will you include your wife and unborn children in the deal?”
He actually did very well there, the value of three dragons is worth much more than the money.
He played
They must have seen something else in him. I cant believe they loved the product that much so 3 of them almost came down and agree to his terms
That glue has significant value if it has applications in other industries but is obscure enough for them to not already know about.
He’s white
@@chaytiano6896 good grief, his ethnic background is meaningless. Either the Dragons see an opportunity to make money or they don't. People who only see race in everything are complete losers.
@@chaytiano6896 get outta here with that bs
@@chaytiano6896 nice one 🤡💩
Jesus that guy's a tough negotiator good for him
good for him
I enjoyed this one!
I want your money but I wont tell you about the product
Sara dominantly taking the lead. You go girl.
I think the Dragons bought into the glue rather than the shower rack!
He didn't invent the glue, he just got one from B&Q.
I NEED THAT PRODUCT!!!!
This entrepreneur needs to take negotiations 101
It seemed to work out just the way he wanted... It is really all about the end result, and I don't see how he could have possibly gotten a better outcome. Maybe a little less equity, but you should expect that number to be bumped up before you even walk in.
That entrepreneur really screwed Peter there
We got better products that can lift 100kg without glue
Where did you get them?
More stuff for a landfill.
Hmmm....kinda
Peter's mother reminded the entrepreneur that he's out.
With that intro music I was hoping he was going to rap battle the dragons for their investment.
This Mayo based, shower accessory company has seen its valuation more than triple to €2.1 million since Dragon Den investment.
No, the company has dissolved.
@@BenjaminGooselies!! This is my brothers business and he’s still smashing it! Thanks for the support 😅
@@ciaramcgarry8350lies! This pretender is a duplicitous fraud. The man in this pitch is my grandfather and he told me it went bankrupt
Most importent thing about the dragons is that they work together. They are helping eachother to good deals.
My initial; thoughts when Sarah made her offer for 15% was to tell her she was my target Dragon and I accept her offer and would like her to choose what Dragon she would rather work with. But somehow he was able to counter offer, even after her threat, and get all 3 for 6% less. Well done!
Sara.
@@stevesalt8003 Thanks, Stephen.
@@odysseusnissan3646 no worries. I have a friend called Sara, I tease her call her Sarah all the time 😆
@@stevesalt8003 👍
Still 14% more than he wanted
Peter always,
Give me share to your company, your previous company, your next company, your families business.
The whole talk to the wall thing is so awkward.
Not for me. I talk to the wall at home.
Gwon the Irish
I don't like the product,it looks like a shelf for a fridge door,
absolute greed merchants.
The puns in this show get better and better.
That's what keeps me glued to the screen
Worst thing about the show.
Clever guy, horrible cheap looking product.
Don't like that new intro music!
Parachutes are for going slower not faster Sara 🤦♂️lol
Ethereum 👍
Jenny: I only takes baths. Therefore, I’m out
Immediately thought of Dyson when I saw the product on the wall, probably due to the various colours :3, it does look elegant.
This product must be really hot or the 3 dragons would have spat him out when he responded to the 24% offer with another condition
Dragons don't like it when people copy what they do. 🤣
wow this guy had them eating from his hand
Would be a great thing for hoarders. But they are usually too stingy to actually buy things.
I'm not sure you know what a hoarder is.
@@FlameFlickers Yes mate my mum's a hoarder and tries her best not to buy anything new because she is keeping lots of old worthless junk. She'll freak out anytime someone buys something new into the house. She has no sense of spacial awareness. Everything could be useful and so it all needs to be out and unorganised. Because she knows it is causing problems, she will blame others for buying new stuff and try her best to avoid doing it because she knows she'll hoard it too. It's a very serious mental illness.
@@gamewithadam7235 Fair enough, I take it back! Good explanation.
@@FlameFlickers Thank you.
All that interest for abit of plastic
Ridiculous init
Oh, Peter , the irony !
Get that glue easily from China. It's so strong too. Used it in my kitchen
Tej is head of a health company yet he looks so UNhealthy......
Don’t rate this geezer way too overconfident in a product that don’t even look good
lmao they really do invest in some utter rubbish sometimes, unbelievable
The special glue is not cashflow heavy? It could be
U culd build a whole ikea of stuff to hang on walls u dont want to drill in
That's all over China
Sara did a bit of a U-turn regarding bringing the % down there
He should go into joint venture with Jill and the Shuc!!
Kmart this will sell amazingly
we're gonna parachute this?
Why didn't they ask if the glue was patent-able? It doesn't really matter where it's made . . .
The glue patent belongs to the manufacturer of it, where ever they are. He personally didnt invent the glue, he just spent a lot of time sourcing it.
@@AnotherPointOfView944 So the supplier could quadruple his prices or even stop supplying altogether for some reason, looks like he'd take a long time to find a new supplier.
@@Glynn12 He said there was more than one manufacturer of the glue they are using but not many. But establishing the business relationship would take some time if it could be done. It's a risk, but not necessarily a huge one.
You can't patent a product that's already on the market.
Tukha 'Chancing your luck'
Peter 'Yes he is a right lucker'
One of my favourite pitches
Crap product. Bit of Plexi glass & glue.
horrible plastic crap
What's up with using silicon sealant to hold this up.?..trust me silicon glues anything...the special glue is not needed.
DOH!
Having 70 percent is not enough to work full time. What a plonked.
If you leave razors in the product (which is in the shower area) they would rust very quickly...
They were leaving them on the floor before, apparently.
Someone’s bout to hunt down that glue I just know it 😂