Dragons Offended by Former Police Sergeant’s Pitch | Dragons’ Den
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- Опубліковано 22 чер 2021
- Glen has put together a cost-effective business for producing low-budget sheds and cabins but the Dragons soon sink their teeth into his pitch and tear it to pieces.
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Peter always spots flaws that the others don’t pick up on. And when Peter points them out, the other dragons are like “yeah that’s outrageous!” 😂
Peter is a true assassin.
Show wouldn't be the same without him
Its not a flaw its just an egotistical perspective of looking at things. If Peter and this guy start a new shed company and this guy says hey I can get all of our supplies for a fraction of the cost, that would make perfect business sense. But since it was this guys second company doing it, it was egotistically viewed as an scheme by this guy. Who cares where he gets the wood from if its cheap and reliable.
so does debra
You don’t need to be the smartest guy in the room, you just need to be able to find the smartest guy in the room
@@pippaparsons4815 de-nobrah
Peter "I'm interested in your other company" Jones
It's good that he's like that tbh because that's how he picks up on scams like this one
Well, if he didn't ask then he wouldn't have revealed how much of a bad business it iz
He was going to build 250K worth of unsold cabins with someone else's money, all to the profit of his main business and let the new business go under. This is almost fraudulent.
Police for ya
It’s called business. If a dragon thinks there is an opportunity in that, we sign papers!
Sounds like a Ponzi scheme
Almost?
I don't accept that was what was going on here.
his other business was already established, he came up with a new idea, out of that existing business, in a growing market, and wanted the dragons' contacts to help him scale it.
the mistake he made, in my opinion, was to ask for WAY too much. If he'd been more honest, about the way the two businesses dovetail, asked for WAY less, like 50k, and for a bigger share, I think it would've been a good proposition.
This guy has applied his police experience and has become a hustler himself
He spent a lot of time in Court learning from m'learned friends.
From fitting up others he branched out into fitting up sheds
@@tarawalsh-arpaia3928 😆
True. It was a shakedown
Clear evidence and proof positive Do not trust POLICE
And take note Kushim ' it is POLICE and not police.
Open your eyes and take a good look at how it is written on POLICE vehicles
and other signage.
It is written that way for a specific reason that is beyond your level of understanding.
You have a lot of studies to do.
Undertake an extensive reading program
Stop being a zombie who cannot see the obvious.
Peter always pokes into other businesses they own.. 😂.
Exactly he actually wants a cut of everything lols I remember an episode he wanted even the house 🏡 the guy bought alone 🤣
The guy was trying to create a secondary business where the dragons put a quarter of a million pound in it evan tho his main business would take the profit obviously Peter wasn't interested in that
@@TEE1998 I don't get how the main business would take the profit though? Surely it's the same thing as importing left-over timber from somewhere else, it's just that he happens to own the company that provides the raw materials?
@@TEE1998 yeah we get that. Thanks.
Someone need to say I want same amount of your business peter
Telling an investor "I'll use 20k-30k of the 250k investment, and the rest I'll put in the bank" is not a persuasive argument. They could put it in the bank themselves without the risk of the business going under. Instead, they would rather reallocate that 220k to other businesses that have greater growth potential. He should have just asked for the 20k-30k he actually needed.
That irked me as well. He was asking a whole lot for a company that is entirely dependant on the other company he owns. And he doesn't actually have a plan past 30K. Did he expect the cottage lease would skyrocket very suddenly?
True.
It's worse when you realise he would then be paying his own company with the money from his investors
It would make me more inclined to "only" give 20-30k, since I don't want to give free money to folks who aren't utterly destitute
Why isn't it a good thing though you invest in his business if he doesn't use the money its sat in the bank which you'll get back after you're contract is up his business could take off and you could earn way more than what it's worth sat in the bank, I'm telling you now the dragons won't have their income sat I Banks for interest they don't give enough back
I love how the dragons love it, right until Peter picks up on the 2nd business then they all go full attack
There was an element of embarassment from them which fueled their anger. They were praising it until Peter spotted the fatal flaw and hustle. They wouldn't have figured it out and it showed.
“I’ve not been born yet, therefore, I’m out” - Theo The foetus
When I get out,I’ll be out!🤣🤣
When Theo was born, he said "I'm out"
I've seen this comment so many times but it always gets me 🤣🤣
Superb comment sir.😂
And when Jenny was born, she said, "I'm out!"
I usually don't like when Peter brings up the other businesses, but this time, it's basically the same business LOL
But when asking that, he gets the whole picture
very true
I think they have every right to ask about other businesses. If someone isnt willing to use their own capital to finance whatever it is they are pitching, why should an investor?
@B Bodziak exactly. It drives me insane when people have their own money to invest but refuse and usually act offended by the very idea of risking their own money. Even worse when they want a salary out of the investment. People need to understand you usually don't make money in the beginning when you start your own business
Yeah I usually don't like it when they ask questions about the person they're gonna give 250,000 pounds to. I mean they should just be giving it away no questions asked.
Dragon's Den youtube account knows exactly when we all take our dinner breaks and times their uploads accordingly, kudos!
It's lunchtime duh!!
Eating a cheese and ham sandwich atm for lunch
Yeah and toilet breaks
They've done this since the whole of lockdown haha
Facts aha
Long story short, he doesn’t need the money to allow his business to grow, he just doesn’t want to spend his own money to get it where it needs to be. He basically wants a freebie.
I think it's even more cynical than that, I don't think he actually believed in the new business and just wanted to get 250K for nothing. Or put it another way, have the Dragons pay 250K to his other company to create a bunch of sheds that likely will rot in a warehouse somewhere.
Who would have thought an ex police officer would be dishonest eh?
Yes !, You could have knocked me down with a sledgehammer
You can be sure nobody will investigate how a police officer created a two million pound business.
police lie a lot.
Faculty members of police officers invariably report bring in abusive relations
pigs
They were all up for it until peter pointed out the scam lol
You’re wrong. They were all already out!
@@janeclarkson8471 thanks for your expert opinion
@@janeclarkson8471they were impressed by the product and manufacturing cost.
Once a bent copper, always one.
Nonsense. Copper can be annealed and bent back into proper shape
@@piggypooo and can be polished.
Ted Hastings voice: bent coppers
Imagine if he went into the shed and just loudly cried after they didn’t invest
"But what of his other company? Peter Jones wants to know." Lmao
Of course he does lmao
Every damn time.
Oh no, that other company is untouchable, Sorry dragon.
Straight off the bat, he says he has 50 of them already made and "allotted", and later on admits last year he only leased out half a dozen. He DID already try it on his own and failed miserably!
Hmmm. He has 50 cabins, x$5000 a piece=$250,000! Coincidence?Sounds like he's trying to recover his company's losses by creating a shell company whose only assets are the 50 cabins. So that means a loan from a shark would cover his mills losses, and if the shark doesnt manage to make the business profitable by rent these things out, he gives the shell company and 50 cabins to the shark washing his hands of his failure and leaving the dragon to deal with the mess, and walks away with the $250,000! What a scam!
what is a shark
@@finncullimore9823 A wingless dragon with fins, also a Dragon is a finless shark with wings
Don’t the investors do this when they tell them they can use their connections with the manufacturers they use to bring costs down? I’d assume they would be making money off the business they’re bringing to the manufacturer.
@@finncullimore9823 LOL
@@finncullimore9823 The US version of the show is called "Shark Tank".
Entrepeneur: "Well I have this other busin--"
Peter Jones: "I'll give you the money for 90% of all your businesses combined."
I was hoping he would close the door and lock it after they all entered.
"I want to play a game."
Hillary was understandably excited as she thought it looked like her gingerbread house
😂
😂😂😂 I'm dead.
I can't believe she was only in early 50s here, she looks 70
you won the comment competition sir
😂😂😂 Hilarious
Wooh he is a police. Imagine him seeing theo or Peter running a red light😂👮♂️. Straight to a wooden jail he made.
That would give them shingles.
I’m high so this is even funnier
Theo is a badass.
@@Ilovewatchingsupernaturalparan the foetus
@@Ilovewatchingsupernaturalparan Theo would be hiding in a bin.
I'm willing to bet he was a "crooked cop" during his law enforcement years... He seems like a complete slime ball... The way he starts smirking when he's being called out on his shady business proposition, he knows what he's doing...
I noticed that too, so slimy
ACAB
You have to wonder how a police officer had time to create a two million pound business, you can be sure nobody will investigate.
He's a Scouser ! (more than halfway there)
He seems like a horrible person
Duncan laughing when Theo starts yelling at the guy is freaking hilarious 🤣
That is all Theo ever does. He's a fool.
It seems like this guy was actually trying to scam investors
He's an ex copper that's why !
True
Not the first time I've seen people try to pull that stunt, lol
@@davesfilmingservices4377 ha...ha.... :/
After this he went in the car park took their number plates, they were receiving tickets for a year lol
He literally attempted to launder their money :D
As soon as he said the waste wood from his other company is used I saw this going downhill very quickly 😂
If he'd just funded it himself, the guy would have at least been contributing to waste reduction...
'saw' it going downhill . I like what you may have done there :)
I actually like that about the business. The sheds looked well made. Why not use what you have?
@@intrepidtomato If the person was being genuine and offering a part of that company, this guy set up a second company to sell, basically his other company make it all and this new company is just a made up one to give to an investor.
It's basically a scam. Spend 100% of the dragon's money to build the cabins, the building of which profits his second company immensely, and then whether he ever rents any of the cabins out or not is irrelevent. He's already made his money and can let the shell company he's pitching to the dragon's go bust, and that's probably exactly what he'd do.@@intrepidtomato
He should have pitched this to Peter Jackson, not Peter Jones.
This week's winner!
These look to be high quality, it is clearly not just a hobbit for him! 🤔
(Best I could do before the kettle boiled)
Yes lol it looks like a Hobbit tool shed
He’s right to ask because like Peter said it’s an offshoot of an existing company and not a company itself!
Pretty smart what Peter did there by finding out this was a scam
That’s why he is worth as much as he is hahaha
Explains why he’s an ex copper, probably sacked
It's not a scam. He's a former Officer Of The Law.
@@davidjames579 Scam.
@@TheNoobchat Look, he knows a lot about crooked dealings. That's why you can trust him.
Classic Theo can’t think of the proper objection himself, waits for Peter to point out the glaring flaw (cuz he’s a boss), then gets all huffy and puffy acting like he’s the man who thought of it.
Yeah it's a bit embarrassing. Theo was acting all interested and then jumps on the bandwagon when Peter susses out what's going on
The Diddler in Chief worst part is he did it all the time too!
yup, he's a carbon copy of that Jackal who was brown-nosing Tiger in the children's Jungle Book lol
Theo the fetus does it again
They’d all declared “out” BEFORE Peter’s objections!
The moment he spoke about his existing business, I was out.
With the whole “den” concept it makes so much more sense for them to come DOWN the stairs to meet the dragons, rather than up
I’d imagine with the archetype of dragons and dragon slayers, it makes more sense for them to be upstairs because in traditional literature dragons dens are in mountains.
@@Rae-xd2yb Very true Sir/Ma'am 👍
I always thought that making them walk up the stairs, sometimes carrying their products, was another way of raising their heart rate, make them sweat and more likely to stumble and appear nervous in their pitch. It is a TV show after all
Dragon's loft 😆
The Canadian one is more like that. But it looks too much like a warehouse
Holding a former police officer to account. Peter Jones I salute you!
Yes!!
Peter Jones is only interested in investing if he gets a piece of the existing multi million pound business?
SHOCKER!!
If you're going on DD, never tell Peter about any existing businesses you own!
But if you don’t and he makes an offer, he’d find out about the other business during the due diligence process and you’d never get the money anyway because he’d call off the deal.
Why wouldn't Peter want a piece of the existing company? The guy even said that a portion of the initial investment was going into upgrading equipment owned by the original company, and the rest would be used to ramp up production should the new business take off. Basically, the money the guy was was asking for was going into his original company.
Yeah and so would you to make more money that’s how capitalism works
@@travisscavoni369 the cops original business, whether it was doing well or not, had assets of 2 million. The cop ran a 2nd business (this pitch) that relied a bit on the resources of the 1st. The 2nd business had 0 assets. The dragons have business acumen. If the cop felt it was a homerun success on his 2nd business, he would have had assets from the 1st or a taken a bank loan to pursue it. Instead the numbers show that is not doing that great, atleast not yet, and so he want someone else to basically take 100% percent risk of pushing this business in the hopes that it might get lucky. There is 0 risk for the cop who's main business is untouched.
I've noticed the dragons will go in on less promising pitches when they see how much the entrenpreur has poured his life and own money into it. This cop wasnt even willing to risk his own money or even a loan. And given the poor sales numbers it explains a lot.
That's my take on it
@@piggypooo I suspect it's more than just that. The ex-cop doesn't need to share the profit from the first business, but the investor gets a cut from the profit of the second business. The first business delivers to the second business, *priced at his own discretion.* That gives him the opportunity to move money from the second business to the first business, maximizing the profit of the first business while minimizing the profit he needs to share. That's after he used the investor's money to upgrade equipment of the first business.
What the hell was the problem with asking what Peter would bring to the other company that he had already made successful himself, he had every right to ask
Peter was showing his arrogance! Perhaps the entrepreneur should have done some research on the Dragons…..however it would have been a better move for Peter to share his vision for where he could take the whole company. At least that would have been interesting to me!
The obvious answer would be money... no? I mean if he wasn't a scam artist, he would've given out a chunk of his own company in order to push the new company. But he decided to go with little to no risk, which is quite an insult to any investor.
Totally agree. He didn't go in there looking to sell part of that company and it was already successful so he was well within his rights to ask that. It winds me up when the dragons always try to get their paws on every business the candidate owns.
@@michael2908 dude... he was doing a scheme... he wanted money for a made up company so he can get orders in his own company with investor money... come on...
@@rvishnevski5409 it looked that way. Doesn’t mean he’s not allowed to ask an investor what they’d bring to the table when they asked for a piece of his other company.
They were unusually easy on him considering he was trying to rip them off
"I'm out."
"You're under arrest."
Completely addicted to watching DD vids lately
An ex copper that still thinks he can lie to people, it was lies every time he opened his mouth
Theo saying cigars on a Caribbean beach got me cracking up😂😂😂😂😂😂😂😂
“ Have you LEASED any so far?” “We’ve ALLOCATED 50”. Very tricky answer, ALLOCATED!!!!??????? Don’t trust him,he’s a slick talker.
Allocated. Still thinks he is in the police. From fitting up the general public to fitting up sheds
He's not a slick talker, he's a cop, straight up liar
@@originalvegoman ...I saw the OJ trials...In America? We have a SERIOUS lying cop problem...
A true English police officer
A swizzler.
Wow... This guy looks like EXACTLY what comes to mind when I think of a cop. Thumbs tucked in belt over a slight belly asking u to step out of the car tweaking his head to the walkie talkie on his shoulder
Looks tough and dumb
You wouldn't know if they didn't tell you though🤷🏻♂️. It's just your brain imagining things.
@@rohilthomson he looks like a bouncer
Had that happen a lot, have you?
@@annajones9701 He's smart enough to be involved in a successful business and start another. Are you?
200,000 POUNDS!? How heavy is British money?
That's actually quite funny. Another thing that is funny is the fact that the USA is the only place that uses the British imperial system of measurement..😆🇬🇧
@@witchwaynow7572Gee I can’t imagine why…
I think your pitch is outrageous says the women in full panto clobber.
She looks like a withered old witch lmao and she sounds like one to, tbh :D
I like her and her style tho 🥰
@@patu2175 oh no you don't.
Wicked witch of the West.
@@johnmc3862 oh no she's not.
Peter Jones spotted the pitcher with one hand in his pocket! Body language always tells the true story!
I had dragon fruit for lunch
same, wtf.
I’ll offer 5p for 30% of that, and your other existing fruits
Is for me?
@@Fuckethead 😂
Lmao
Good old Peter. Always astute and very little gets past him.
We don’t call em pigs for no reason!!
Really disappointed at the end that he didn't go and sit in the shed.
That's one ex-copper that got badly arrested.
A police officer who isn't upfront. Surprise, surprise!
Mark i need you to pitch Project Zeus
@@IrishGuyForfeitEnforcer what is the meaning of Project Zeus?
@@MCorrigan have you watched peep show?
@@IrishGuyForfeitEnforcer Watched it? I was in it!
@@MCorrigan then you should know what project zeus is
To this day, his left hand is still in his pocket
Jenny would have loved this outhouse. Perhaps she's hiding inside
She can't be inside, she's always out.
The out jokes are such high quality
Narrator: the new guest walks down the stairs instead of up. The dragons look insulted.
Narrator: the guest says hello and the dragons are infuriated.
When are they ever NOT looking insulted.....
When it's a good pitch, business and product?
It's part of the appeal of the show to watch unprepared people get dragon breath.
“I can’t say anymore” - proceeds to speak further.
So it seems they are finally reposting the full pitches of the 5 minute clips that was uploaded 1-2 years ago
I hope they'll do the same with the "evangelical" entrepreneur.
@@tomatoto64 Who was that?
I'm a minute in, did he really say he uses worse material to lower cost? Which implies the quality. And it's a lease? I'm already out.
What's for lunch crew? Pesto pasta here
Pot Noodle here :D
Avocado 🥑 toast and halloumi salad 🥗 here.
Scrambled eggs and bacon
Spaghetti with tuna, cream and dried tomatoes
Watermelon and peaches in the garden in the sun
"I can make these in my existing shed factory for £1000 and sell them for £7000"
Everyone - "Well go and do it then... goodbye"
Peter " what's your other businesses" Jones
Duncan Hammertime has some nice bracelets in this episode.
Thought he was going to lock them in, take the money and leave 🤣
It's 250k for 30% of nothing, with no track record, assets sales etc.
He was offering them a 'get rich quick' investment, rather than a business development opportunity
These huts have really taken off in the lake district, providing you own the land and get the necessary planing permission. They come with hot tubs peace and quiet and beautiful views...
Deborah showing the camera some love at the start 👀
Lmao she looks spicy in this one!
swear shes got fitter with age
She would def be the one in charge!
@@sammuddel7751she then proceeds to grab her diamond laced golden handcuff from her bedside table
"Hi, my name's Glen. Police-d ta meet ya!"
Aren't policemen meant to catch thieves, and not be one?
This is one of those ideas that in business theory sounds kind of okay but in practice is utter madness.
The business was sound, the problem was he was trying to scam the dragons.
i thought i went thru allll dragons den videos , but somehow a new one emerges 😂💯
Thanks alot everybody.....now i cant hear theo’s name without saying theo the fetus. Arghhhhhh
That joke's as old as the show.
I knew I shouldn't have read the comments
I'll do you one better. You can now never hear Peter's name again without hearing "Pizza Jones".
It always sounds to me like they're saying "Theo Perfidus"
Theo hepatitis
Thank you so much Dragons Den YT channel. You guys are the best! Never stop uploading.
Eventually they’ll run out of pitches
I love those little houses for camping but I really like the one’s called yurts. They resemble a large teepee.
That’s incredible he can build those for around $1k each. Hopefully they are well made. I’d prefer one probably twice that size. Very cool product.
Yes, I've seen some beautiful yurts in Hawaii.
Yurts are canvas
When can we get some full episodes uploaded ?
Surprised Theo wasn't worried about someone locking themself inside
Duncan really is as sharp as a razor beneth his grumpy, hungover facade
As a matter of interest, is it "acceptable" to have a hand in your pocket when giving business presentation?
Probably not. It’s kind of sending a “psychological signal” like you’re hiding something?
*Slight of hand* 😎
Only when you have a single business is it acceptable to put a hand in your pocket.
In this situation, the cop had 2 businesses. The one he was pitching with was his free hand... waving it "hey looky over here at this hand where the scam with 0 assets is. Don't look at my other hand where my real business is..its hidden deep in my pocket" 🤣
Indeed. Or the top button of your shirt undone while wearing a tie?
Looks like Theo sat on the golden finger! good work on the thumbnail! 😂😂😂😂😂
How am I not even 1 minute into the vid and haven't even heard him explain his product yet and I already have a 20 second unskippable ad these are getting so overwhelming
O snap! Sergeant is having a hard time with other people asking the questions!
I miss Duncan, he's the best. Straight to the point. Only dragon I really like.
Rumour has it jenny was in the shed during this whole presentation
More like OUT of the shed 😉
Peter was never gonna invest in any of his business, he just wanted to ppove what a little snake he was by saying no XD
He literally tried to decieve them.
Typical Cop.
Glad to see he went on national TV to further reduce the public opinion of the police
All police do
That was indeed a disgusting pitch. Almost put me off my lunch
Settle down.
Settle down Hillary
Cop a load of this :)
These sheds are now on st.annes beach. down the coast from blackpool. Nice to see hes sold some haha
Peter is super smart because he doesn't talk much and analyzes more... True Business man
He could at least have farewelled the Dragons with a cordial "Evening all". 😉
he could have made so much money in 2020, assuming he could get stock over from Poland of course. However its crazy to think Dragons would only invest in the heir company, that can only exisit because of the smart use of waste product, which means the two firms are so tied together, he could not make those at that price point, without his other firm creating that waste product.
I think overall point is, the guy runs a successful business with a decent amount of assets. If this cabin business was going to do well he could have easily taken out a business loan for the 250k and done it.
So to not do that it shows there is a high level of risk involved because even the businessman isn't confident it can work. So why invest?
@@pierricbross yeah that is part of it, but in fairness, its easy to see how a Dragon could help him grow his customer base, Deborah being his best bet. That might even be experience he lacks, and does want help with, in a genuine way
You don't get it. He was trying to create a new business with their money and then if he wanted to he could just suck it dry and close the new business and then keep going with his original business having absorbed millions. The dragons are then left with a lost investment.
In other words he takes their money and pays himself for work that doesn't need doing. He as a person can't lose when he pays himself for the materials, only the dragon can lose.
No he could make them cheaper. He used off cuts from existing sheds. But they have to be sorted and catalogued and labour is much extra because of fitting. He made lig cabins and sheds. These would be higher spec so the return would be more and hebwould shift dynamic to these and shepherd huts. So Peter was foolish really because he should have done a deal, installed some team to learn and then created a company following this template but streamlined. With his contacts he could have shaved costs at one end and heaped on the price the other end. Maybe he did.
@@adamsmith6594 😂😂🤣🤣
You can learn so much by watching these shows it's great 👍
What he needed was a line of credit from a bank. That way when he needed money for materials and labor for the sawdust shed orders he could cover without anything out of pocket.
Guy has a company worth £2m without Peter Jones. Pretty reasonable to ask what he'd bring to the table.
So he says, and why is he here? Never trust a policeman
Yeah ok buddy keep on dreaming lol 😂😂🤣🤣
Did he really expect this investment to go through? LOL
Peter doesn't want to JUST know. He want a piece of it!
Glen needs to get Fredy Vasilev to make self-filling baths for all his cabins.
4.5 minutes before Peter started eyeing up the bigger business. 😂
Peter Jones is very intelligently clever by igniting the fire works on the pitchers entire business and then the rest explode! (This DD episode looks like a charity version setup similar to the one I watched with Jeremy Clarkson. So funny!
Intelligently and clever have the same meanings... Drop one from the sentence my guy.
intelligently clever isn’t an intelligently clever pairing of words…
He was playing semantics to avoid directly answering questions. Good on peter for picking that up
"How do you find your cabin? Easy! We'll fit a flow signal..."
Ex police officer turns out to be slimy and manipulative. Who would have guessed.