Peter Jones' reality check for overconfident tech entrepreneur! | Dragons' Den - BBC
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- Опубліковано 17 сер 2019
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Watch the BBC first on iPlayer 👉 bbc.in/iPlayer-Home Things hot up in the Den when the Dragons meet Huddersfield entrepreneur Martyn Gould, who believes he has an idea to shake up the mobile phone industry.
Dragons’ Den is back for its seventeenth series, and there is a new fire breather in town. 'Crafting queen' Sara Davies, the youngest ever Dragon, joins titans of industry Peter Jones, Deborah Meaden, Touker Suleyman and Tej Lalvani in a den that is hotter than ever.
Entrepreneurs pitch for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
Dragons' Den | Series 17 Episode 2 | BBC
#BBC #DragonsDen
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You're suicidal going into the den asking for £250k for 2.5% with a turnover of 50k lmao
Not to mention no assets to leverage either
isa sole He’s transparent, didn’t you hear? Friendly too!
😂😂😂😂
Nuts, do they not even watch the show before they come on?
It's like people selling the house they live in. They are so biased/deluded by their attachment to the property that they have a completely unrealistic expectation of the valuation.
The letter he has that apparently values his company at £5,000,000 probably starts "Dear Sir, I am a Nigerian prince looking to buy your company..."
LOL
LMFAO
I'm decked 🤣🤣🤣
LMAO yeah probably
Lmao
Does everyone entering the den just make up a company valuation in the elevator?
I'm looking for eleventy gabillion dollars for a 0.0001% share of my company!
Nah some make it up even later
They spin a bottle and whatever it lands on is the valuation
Yes
They pump the elevator full of some kind of narcotic gas, so they become a bit delusional
He could just sell the stuff he’s smoking and he’ll be worth ten million in no time.
End up in jail..
Im dead 🤣🤣😂😂😂😂😂
🤣🤣🤣🤣🤣
@@jacksonirving4594 ugh...
Epoch plus5 no comment. I’ve never seen myself in great detail, nor can I see him in much detail either.
Sound designer: How many sound effects you want ?
Producer: *Yes*
Ring ring ... Ring ring... Hi the sound effects are amazing and for that reason I'm Jenny
Believe me I've heard worse earlier today.
🤣
@@JonatasAdoM where
@Joe D34df1ng3r lol
Jenny calls in from her mobile. "I have no coverage in my area. For that reason I'm out."
Another Jenny I'm out 'joke'. Just what the comments section needs.
Hi, its Jenny, I've just downloaded ur app & for that reason 'i'm out'
@Fackmylife she went to a different area
@Rob okay sorry
@Fackmylife yeah cus she went to a different area. The called in and said "I have no coverage in my area. For that reason I'm out"
"I'm gonna be completely transparent" then proceeds to try and scam them with a letter
I thought the same.
Editing to make him look worse than he is.
@@dtz1000 How would the ten million pound valuation make sense, editing or not?
In fairness to him he was transparent: They could tell almost instantly that he's deluded and knew he was full of it. He'd have been better by NOT being so transparent.
Yes.. I wonder why they weren't FURIOUS about that.
It was a straight lie, probably illegal.
This company went into administration several months later, couldn't even pay a £2600 debt to a web developer.
these are the comments we want
Wow thanks for the info.
Not sure to feel sorry for him. Not really because the Dragons are no saints but they are bang on right about their scrutiny on valuations. Seriously, I dunno what 99% of the candidates who walk in there take before bleating out about gold pie in the sky
Wow.
😂
Thanks for the info
Theo was selling kebabs from the back of a van in Islington before I taught him how to be a ruthless entrepreneur.
Theo who?
Duncan can you lend me £5k to start up a little courier business please m8 ;-)
I would like 5.6 million pounds for none of my business. And for that reason your out
Theo the fetus
Duncan Bannatyne that’s hilarious 😂
Sara’s actually a breath of fresh air in the den. Truly happy and honest.
Yeah, she's such a babe
@@mac_tire_aonair Jenny Campbell was sucha babe!
its a facade.
@@Audience-Perspective when is it not?
@@gh0510 "It's actually 'such a babe' and for that reason, I'm out."
I love how Jenny’s not even in the video but half the comments are about her
shes out
soon there will be T-shirts
I don't. I think it's really tedious and shows the mentality of those commenting.
Even if she's in the video... She's out
@@TheGalacticEmperorOfLabels I appreciate your opinion... But I'm afraid I'm out
Why does Peter always look at the entrepreneurs like he hates them when they first step out of the lift
Probably acting up for the TV.
You're right. He always looks down on them. Can't think why ;).
Gotta intimidate em
To intimidate them
because he views them as competition and his instincts are to crush and defeat
"If the app could tell me where to get the best seaweed, I'd definitely invest!" - Rory
2.5% . .
You think these guests would watch a dragons den video before entering the den themselves
Ben Probably just wanted the free advertising
Honestly, I've seen dragons take some small percentages already, but you tell this to a shark, and you're going home in a body bag.
most people starting their own business dont watch TV
2.5% is fine if your just asking for dumb money, but if you want an active investor you need to make it worth their while. I’ve seen some entrepreneurs on Shark Tank ask for less than $100 for around 10% of their business because they want their expertise.
They are probably told by the producers to ask for very little instead of how much they are really willing to give just to make better TV.
Update: they went into administration and now he’s opened up another company basically doing the same thing but not paid debts from previous company. Such a tool
Bet he has another 'dream team' that 'love him'
Trying to scam investors
Completely legal in the UK
A Shining example of how a CEOs terrible decisions can sink a company
That's why they also got a ton of money.
@@gappergob6169 mmm .They went into administration a few months after this .Stiffed people on 2500 dollar debts .Lotta investors lost a Lotta money .That clown is now trying to run another startup .Do you know something no one else does ?You must .You made the statement.
@gappergob6169 less than a month after this they closed down and stiffed creditors
I wonder if Jenny would have invested? Actually, no. No I don't wonder at all.
And for that reason, she's in her comfy sofa rather than in the den
That's what I do best.
Wow so original.
Your boring now
In every Dragons Den there’s Jenny is out comment
Also the "how many users do you have", the guy answered "we have 40k downloads" which if course is nothing _like_ the same thing as monthly active users. After $1.5m spent that's a smoldering crater.
It's a pretty good idea. Valuing it at $10m with just $50k revenue is just stupid though
The problem with that is, why would I use their app, when I can just google that shit in a second?
@@JohnTheRevelat0r oh I know, I see it every day first had at work. I work security on the main strip of my city and i get bombarded with people asking me where things are, best part is that it's mostly people who clearly live in the US. So I always ask for their phones and look it up on their maps, hand it back and send them on their way. International tourists hardly ever ask for directions, or only ask about general directions lol.
£
Up until recently I thought Theo and Touker were the same person... thought Theo had had a stroke or something
Danny Hill Brilliant! 🤣
Same here actually
Hahaha I laughed out loud at that
🤣🤣🤣Brutal!
Lol same
Tej looks like he hasn't slept for a week
Also looks like his nose was squashed in the lift door.
Tej hasnt slept because he's too busy finding out about alot of peoples backgrounds hahaha
@@aliencyborg3660 haaaaaaaaa!!!
That's because I keep him up all night hehe
@@peterjones9209 is this fake account? 😅
the reason cell coverage is patchy in Australia is that most of it is empty desert and no cell towers this chump is not even aware of his market.
gunforhirenz I know right? I’m Australian and there are options for everywhere in the country. If you’re out in the bush you need specific satellite connections. If you’re actually where people live (within 50km of the coast) the connections are perfectly fine.
What a numpty.
Sarah Davies is awesome. She always comes across as very kind. Reminds me of my auntie, I just want to hug her 😂
yeah
If there is a flaw, Peter will always find it. Sometimes the flaws find him.
250k for 2.5%. I knew immediately he was gonna get hammered.
Dragons look like they’ve had a night out just before this.
Multicolored Moustache they must’ve known what was coming
"I'm just going to go in there and honest and transparent."
Meanwhile...
"Oh, I must have accidentally told you that a company offered to buy us for 5mil..."
As soon as someone says they're going to be 'honest and transparent' you know they're not. Honesty is assumed and doesn't need to be stated.
Jessica Taylor lol just like ‘to be honest’ .. so you weren’t honest before? XD
Sara has made more offers than Jenny all ready
Super Plush Josh ??????
Ah man! Started scrolling when I thought they where all out to find out the name of the app. Spoiled the ending :(
Ah. My bad. They were all out
@@apollo6318 I think he's got the hots for her mate. I've seen him make that same comment several times.
that is not the correct way of spelling ALREADY
Martyn: "Customers overpay for mobile phone contracts."
Peter, owner of Carphone Warehouse: *shocked pikachu face*
Why didn’t he just utilise a heat map of coverage from the providers until they had a critical mass of users? 😑
Coz he's cukoo
i like that term "critical mass" sounds like some wacky nuclear shit
@@cod4Rlp But in reality, it is a statistical term.
I feel like the signal strength is the least interesting part of the app. In the UK there's really not much difference between providers. Matching based on usage is more relevant.
Id like to invest in u
He didn't need 5 million users to get the coverage data, he just needed users across the country covering a broader area, for that he didn't even need people to signup, just send out test devices and signal receptors (owned by network companies) to detect the average signal strength and base the overall signal strength on that. What's worse is that its not even the main selling point, main selling point is the comparisons of pricing and custom made network packages.
Asking for huge amounts of money always initiates a good grilling.
This guy looks like a budget Tim Cook bruh
Tim cook lite
You mean Tim Apple
p soteriou no?
Tom Sarsfield he’s only a quarter ad deceitful and not even 1% as depraved and demonic as Cook. Evil incarnate is Cook.
Sara Davies was an excellent choice
@@TheR3negadeMaster I thought I would hate her from looks but shes great to be fair to her, asks genuine questions (not just trying to find an easy out), willing to invest
I like her.
@@pocketman5510 no wonder why there is a say " don't judge a book by its cover" but you can say " don't judge a person by their looks"
@@ChipZilla69 which way?
i like her in the love way or i like her as i like her?
Disagree. Can't stand her. Too rough for me
Jenny’s husband - are you home for tea Jenny?
Jenny - no I’m out
Tej looks like he genuinly feels sorry for them not being able to properly evaluate their business and having little to no chance in succeeding.
The narrator's pun game was on point in this one! 🤣 10/10
I love Sara Davies! She is so sweet, polite and pretty. My new favourite dragon
50-60k 😂😂 almost fell out of my chair
1.1 million gone like gta money😂
WASTED
1 mil on hospital bils
That orbital strike cannon doesn't fire itself
I would have negotiated with the buyer and sold the company. Cut your losses.
So glad they got Sara Davies, I think she is great such a lovely happy person when she wants to be. But also a really good business woman what gives people a fair chance a lot of the time. Also she is from a place what is not to far from me in the North East.
I could look at the Dragon's Den all day long.
It’s always when they hand the pieces of paper over to the dragons, turns to shit😂
I love all the dragons but Peter is my favourite by a long shot
Me too! Love them all especially Peter and Deborah is such a smart woman!
Touker being the worst, miserable throughout yet smug when he's out.
Why is Peter your favourite to be shot ?
Yeah, the likes of Peter and Deborah are brutal but so competent and razor sharp. It makes you respect them even when they are dicks.
@@Black.SabbathNot even close to being the worst
imagine how awkward it would be if they actually just stand there and stare at each other while the narrator from nowhere tells us what will happen next
Will he get a better reception from Deborah Meadon? Lol.
Is Peter Jones sleeping in his car again? He looks dishevelled..
Look at them all other than Tej they look miserable even with all that money 😂
@@jow8480 after a certain point, money is the very thing that makes you miserable 😂
"Heavy is the head that wears the crown"
Brad Coulson how is that sentence relevant?
@@Tommybotham the man is a mulitmillionaire buisnessman. imagine the stress and pressure he faces each day overseeing buisnesses etc..so no wonder he looks as tired as what he does and if you dont understand the qoute then look it up for yourself?
His chin just poked my eye out and for that reason I'm out.
eye am out
The moment the guy says 'mobile phone' Peter Jones gets the murder look in his eyes like he's gonna' eat well tonight.
Just checked for the company online and it seems to have gone into administration.
You would think with all the money floating around there, that they would be able to afford a handyman to put up that stupid clock.
Material and labour could be quite hefty though you see :/
@@lukerobinson9646 Maybe the handyman is out ;)
Their still waiting on Health and Safety approval.
He handled that grilling well tho
What's pretty stupid is that if this guy just sold it as an app that measures how much text/data you use and gives you plans according to that, would have been a better sell. Adding coverage to the equation was unnecessary. Also the valuation was too high.
Problem is that’s not enough to be a USP..at least not for long. Not only do modern phones tell you that but I’m sure network providers do too
Peter knew exactly what he was doing setting him up with that question about revenues 😅🎾
Actually, I had that question in my head while watching this ... "How do they earn money at all"? It wasn't explained, and nobody asked, unfortunately.
@@heiko3169 im guessing ad revenue. or the app costs money to download. or maybe they got a revenue share of the phone contracts they advertised in the app? idk but im curious as well.
jenny: "hey martin, i'm not even in this episode because i'm out and for that reason i'm out."
He seemed over confident at first. But humbled in the end. Nothing wrong with big confidence as long as you can balance humility with it
I found it funny when Peter agreed with the data thing at the start. It's like how Mr. Gilbert agreed with Will, about the fashion show they did. He agreed with Will, but still made him do the show anyway.
Rare inbetweeners reference W
At least the background music and sound effects are there to remind me how I'm supposed to feel throughout the pitch. Thanks for that.
Ain't it the truth! 😅
Touker says: “You’re delusional” quite a lot… but on this one he was spot on!
Tej’s vitamins obviously don’t work
John Bones .. Agreed .. He always looks like he hasn’t slept for weeks , with those dark circles around his eyes and overall disheveled appearance 😐
Ambitious to say the least.
A kindred spirit!
when it first started and his face appeared he looked like tim cook the ceo of apple lol
Dragons den has the best comment section
Why on earth the company didn't just create a tool to index all of the different network's coverage maps, regardless of his criticism that they are 'static', and incorporate it into his app is beyond me. Network's are bound to provide as accurate information as possible - OFCOM ensure that much.
Even if he managed to get say a million people using the app and sharing their signal strength, the information would still be terribly diluted as an individual would only ever provide coverage information for a short period of time, relative to their own current network before they upgrade their phone and likely never use the app again and therefore never provide any further data.
God post production made this more intense than it must have been in real life
coming into the den offering under 10% of your company is suicidal lmao
Australia, real problem with signal strength out there. Oh really. Let me tell you something about Australia. I lived there for 10 years. A couple of those years was spent living "Out bush". 3500ft up a mountain in the rain forest in the middle of nowhere. I also spent time outside Broome who were still plumbing running water into residential properties. I NEVER had any signal issues. I am now back home in the UK. And if you are on O2 as many are you can be in the middle of a sodding greater metropolitan area and have NO signal!
Hi pommie
@@tailblazer7219 haha hey mate
I like kangaroos
Wow where were you?
@@meimei10100 Hey mate. Up around Lamington National Park. QLD. And as I said Over in WA for a while round Broome.
"I'm stupid and I have no idea at all on anything about mobile phones."
Have you tried wyboo?
In the lift:ile be open,honest and transparent.
In the den:anything but
Back in the lift with bugger all.
"Consumers overpay for mobile phone contracts" Yeah and you wanted the dragons to overpay for investment xD
Next episode Jenny will be pitching to get her spot back on the show, seeking $100 from Sara for 100% equity
As an Australian, I have to say his comments regarding poor reception in Australia are incorrect. What he will find is our 4G reception is better than a lot of wired home connections, to the point that a lot of people will use 4G rather than ADSL or Cable due to poor connection speeds.
And in terms of an app to compare phone plans, we have multiple free websites which are independent and highly regarded, that do the exact same thing.
So he would absolutely struggle down here. Definitely a day late and a dollar short. Or should I say £250,000 short? 😂
Bella H he is more talking about rural areas, as someone who hikes a lot there is a big difference between different providers.
I just saw your comment after I commented lol... My first thought was, this would be no good in Australia...then he specifically mentions Australia lol..We don't need an app to tell us which of 3 carriers to choose from.
Predictions are also reporting that the speed of 5G will outrun most common WIFI bandwidths, which will dominate our home usage
As an Australian, commenting 2 years later, I can confirm that reception in rural and regional areas is exceptionally inconsistent and frequently unusable.
Do ozzies know how to use a phone ? I just watch crocodile Dundee and he’s all over it with a spiny thing on a rope….
The puns in this segment Lmao
10 MILLION EVALUATION?!!!!! Give me strength 🤣🤣🤣🤣
Why isn't Peter Jones shaving? He just looks scruffy and for that reason I'm out.
I genuinely think all these idiots have driven him to drink
bait clicker yes I Agree with you he is starting to look shabby what’s he doing with his 450 million not buying razors then
bait clicker It's designer stubble ha ha
lol
"We'll buy your company for a lot of money and after 2 years when we spend more money on it to develop it further, we'll give you even more money" LOL
Your jacket is giving me Acid Flashbacks and for that reason, I'm out
A bad acid flashback ... and for that reason, so-o-o far out ... that Peter Jones will have to take a dropped ball and a two stroke penalty!
“I’m going to be completely transparent…” 🤣🤣
as soon as he says phones, the camera pans to Peter Jones
"I think the dragons missed a trick" - Well they know more tricks then you buddy, because some of them are worth 9 figures...
You are right but they do on occasion 'miss a trick' if that's the right way of putting it.. They completed dismissed JustEat when they came on the show, now look at them, they're worth millions.
None are worth 9 figures
Please don’t say I’m the only one who thinks the guy pitching looked Joe Pasquale in the video thumbnail🤣🤣🤣
Hasn't conquered UK but wants to go international.
He deffo vibin with Bob Marley 😂😂
Peter scanning that contract like a groceries list
He just wants a holiday in Australia. Trying tell me no one in Australia has thought of this but Martin has.
I never trust someone who starts virtually all sentences with "So"
That could just be a verbal tick... no foul
Just watched this on the telly. Felt sorry for the guy he looked so embarrassed.
That was intense, one of the better episodes
One of the biggest would be con artists to have ever appeared on the show - 10m!
"I think you're delusional" 🤣
the biggest problem with this app is that most people buy their phones through their cell carrier, so they probably already have a contract and can’t switch, unless it works differently in the UK?
2:29 when you turn that smile upside down
Jenny: “I’m not there so for that reason I’m out”
I really love watching these old episodes of Dragons Den. Way better than watching repeats on BBC. So glad I cancelled the tv license - the statue outside the BBC telling us to "Listen and Obey" should be pulled down!
You benefit from the BBC but don't wanna pay for it?
The soundtrack here is better than in many political thriller movies! Good job, BBC!)))))))))))
And again, the narrator is spot on: "SIgnals trouble"
He makes pun for every video. 👌🏾
I'm from Australia. My first thought was, this would be no good in Australia...then he specifically mentions Australia lol..We don't need an app to tell us which of 3 carriers to choose from.
You had 3 mobile once upon a time.
I'm reason, and for that out, I'm Jenny.
Lmao
😂😂😂😂
Peter looks like Winthorpe in Trading Places after Eddie Murphy steals his job and house.
:-) Great observation!
This new chick is solid. I hope they don't bring back Jenny
Out with the old...
She's solid alright.
I miss Jenny ☹
@Luna they're always gonna be there even if Jenny isn't a Dragon
Now Jenny really is out