Dragons Can’t Stop Talking About Peter’s Genius Idea! | Dragons’ Den
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- čas přidán 31. 07. 2020
- Sporting full beekeeping gear, Joe Harper and Andy Sugden are seeking an investment of £65,000 in return for 10% equity in their range of honey-infused, fruit-flavoured water - 'Just Bee Drinks'.
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 #JustBeeDrinks #Squeezy - Zábava
This deal was screaming out for someone to say 20%
Or 25% at the beginning, and after the payback point, come down to 20%.
I am also baffled as to why they did not go back to Peter and suggest 20%
i was thinking 22.5
They clearly said they can't go above 15%
When they said to him "Is there anything you can do?", that wasn't to the point enough to make Peter come down slightly. A ratchet to 20% once he made his money back would have been perfect
I love Peter. This show wouldn’t be the same without him or Deborah.
Clearly you don't remember the days of Theo and Duncan! Back in the hayday of dragons den. When it was strictly business, not overly theatricised, egocentric and immature. Go back and watch seasons 1-10! You'll despise what the BBC has done to such a special type of reality show throughout the latter years..
There would only have been about 3 investments in the last 3years if it wasn't for Peter and Deborah
@@clk1564 I wasn't talking about investments or popularity. Simply pointing out the fact that once upon a time;... Dragons den was more about business than cut-shots and facial expressions after every sentence of the pitches. The series is a shambles these days regardless of Peter and Deborah.
@@solostrummer9919 bring back Hillary duvet!!! She made blanket offers
This show is not the same without Jenny!
I can understand why Peter didn't want to drop his offer, with this sort of company you can easily get stung.
What does a fly know about getting stung?
That’s so true they should’ve accepted his offer!
@@caitlinlindsay8418 Oh dear.
That joke sure was on point!
He really wanted to do Buzziness with them
Oh they were both former accountants at PWC! That's why numbers were no problem, plus the Company is still going strong. Good for them 👍
What's PWC?
PUBLIC WASTE CONTROL
@@jessicaj8564 PricewaterhouseCoopers #1 accountancy firm in the world
@Gender Fluid Person In Hotdog Suit Please explain?
@Gender Fluid Person In Hotdog Suit Oh, I thought you had a valid reason for your statement. Guess not...
30 degrees today, i'm sure Jenny loves this weather, she's surely out.
😭😭😂😂😂😂👌👌👌
30 is a bit chilly. Its 91 here
@@Iburn247 30°c is not chilly - its 86°f! I assume you mean 30°f because I cant even cope when its 25°c
@@amberdaisy110 I do im just messin😂
@@amberdaisy110 haha yeah im from the states. Massachusetts to be exact and it gets pretty chilly here during winter lol. -25 is when the fun begins😂
The narrator has made so many puns over the years, he's starting to affect the people coming on the show to follow suit.
It's almost as if the people on the show are showing signs of a hive mentality....
to be fair i was buzzing when i heard that pun
He must be the world record holder for the most puns made in a lifetime.
Oh BEE quiet you.some of those were unbeelivable
@@Nervous101 no
"I'm a big fan of bees"
- Nick Jenkins
He's also a cyclist, apparently. Man of all seasons
Bees play in NFL ?
He actually looks a bit like a bee
Mr Paul 🤣🤣🤣
I think he meant..
A big fan of the BEATLES 👏👏👏
I looked them up to see how they're doing. The pandemic nearly killed their drink business so they've now pivoted to selling raw honey instead. Keeping my fingers crossed for these lads!
The website is still up, so bullshit. They're doing just fine.
@@joewas2225 that’s not what he said
@@joewas2225 are you unable to read?
There doing really well with the raw honey. Haven’t got the exact revenue figures but based on the amazing reviews they are killing it.
@@joewas2225 🤦♂️
Peter : you put honey in water? Why don't you just sell honey.
Other dragon : genius!
Seriously. Their niche market that likes honey so much can buy their own favourite honey and combine it with water
Because it comes with a squishy bee.
I thought it was carbonated like pop
but with the flavouring right? that's why it's 'your squash market'?
@@A1M8E7 I could see the actual drink selling well in big health food stores like whole foods.
Touker: "I'm not the right Dragon for you guys - bees and office space just wouldn't work and for that reason, I'm out"
Thanks for that?
@@XJokermanX it's actually a very clever nuanced joke. If you ask nicely we'll explain it for you
@@uwotm835 All he's done is quote it
@@XJokermanX apologies. My mistake. U r my king now
@@uwotm835 pls pls
Finally CZcams recommends something I haven't watched before
That's because the video was uploaded 3mins before you left your comment 😂
@@MasterJTLS whoosh?
@@Nekorasbeez I don't really think so -
They upload ones every day or two?
I know right. My feed is full of things i have watched
11:25 If Sarah's eyebrows raise any higher they're going to detach from her head completely and form their own company
the best comment
😂😂
🤣🤣🤣🤣
And then a long legal battle would ensue where her eyebrows fight each other for control of Eyebrow Corp
Having Peter Jones on board would surely add a hell of a lot more than just his money..
Still to be proven, he invested in hundreds of companies but his time is 24h, just like us. Customers and partners could not care less if you have peter jones or elon musk, what they care is to have a product that makes money. 65k pounds for 25% is ridiculous, with that money you do the paper work and a salary of 4 months of a person. People who do not realise it it is because they never worked in the field of company investment.
"behive yourself" you could see he even knew he took a cheeky shot there and lucky it jelled with PJ lol
European Patriot punny
@@europeanpatriot8031 ny
What a worthwhile risk. He probably borrowed one of his dad's jokes
it was unexpected but it got a laugh from me
Same, you never know when the Dragons get insulted over nada
"Could have woken up tomorrow and regretted it"
That made me so sad, because I think somewhere deep down that's how they were already feeling. The equity they were giving up wasn't for the money, that was practically immaterial. The value was in the bigger picture; the doors Peter could have opened for them were worth millions.
Amazing how much you can read into something with almost no information 😂
“ before we make a counteroffer .....” that was the other genius moment in d den
Tuka: bees dont need office space, and for that reason im out.
I think our palate is just used to the taste of refined sugar, since it's almost everywhere. That's why most of the dragons did not like the taste.
I've had honey in my tea and liked it more. good for the throat as well.
@@KJ_2020 I make warm water with honey when having a sore throat. Workes well and I don't mind the tast.
Yes honey is great, what are they chatting about? Using less processed ingredients is also hugely trendy. I'm surprised health nut Deb wasn't all over it. I thought she'd be glugging honey on the daily!
@@KJ_2020 Have you tried Mead?
The taste of honey varies with what the bees have collected the nectar from. I dont know how that can be controlled for product consistency. Fun fact 2000 year old honey found in the pyramids was still edible. Im fine with honey in my coffee but not in my tea,
Why everyone on CZcams want to teach me how to earn “6 figure” income. They earn millions but still want my £15 sign up fee.
why does Coca cola sell you a coke for less than a pound when they earn billions?!
Dr Nureini They don’t sell it to me, I go and buy it because I like it.
You need to start selling essential oils.
Where do you think those millions come from? All the 15 quids
@@marcushiggins6360 exactly
9:20 best pun I've heard
Its an Austin Powers line
Fancy seeing you here
yes beehive sounds like behave. So although he says Beehive, its like he's telling them to behave,
YZ street z
@@Skeyyyyy Usual
Touker: "i CaN ofFeR an OffIcE fOr aLl of yOur BeEs"
HAHAHHAHA
Everyone else pours into a cup then drinks Peter just drinks straight out of the bottle what a lad
I was thinking the same thing but I would also pour it into the glass to inspect it.
thats where it tastes the best
@Bob Shingles to inspect the drink itself. If you saw the clip, sarah was looking at the liquid itself in the cup
How is that "lad-like"?
Should have negotiated a buy back in a year or two
Aalright football transfers
That's what I was screaming at my monitor too. His concern was "it might not go anywhere", response should have instantly been a buy back offer when it does go somewhere!
me personally im against buybacks cuz it takes out the interest from the share holder to advance the company its not like he is counting on this business to succeed or elsewhere he will be in financial problems. if I were pitching my company I would make sure my well renowned business partner is very financially interested seeing this company booming even if he already got his money and some back. I actually would counter offer him 20% and a little royalty on the sales he closes that will extra motivate him to keep expanding the company. what do you think about my comment?
itamar smoisman Not necessarily. Buy backs would motivate the entrepreneurs to reach their targets. Once they reach the target, the shareholder is confident that the business is successful.
that is probably what they were fishing for - but Peter chose not to bite..
I feel like 90% of the episodes has a "but Peter Jones..." moment
If someone wanted 25% of my company and made me a million by a few months... I'd be happy giving them that much equity..
.. They could have at least counter offered 20%
was thinking just the same. Even 22% and with the money they make they can create another company without the need to give away any %....now they have to struggle and wait...time is of essence they should have simply accepted the offer.
If you already offered 23% for 150k
And now devaluing your equity, what will 3rd investor gonna do.
They should’ve at the very least attempted to negotiate a buy back derivative based on performance. Very bland negotiations from all of them.
@@ictrickshots Does that ever help though? Deborahs mentioned it before that the dragon puts all the effort on to get it over the line, only to then have their shares stripped off them - it doesn't quite make
Basically unless the dragon is asking for 50% you take the offer. If it's a 50% offer then it's just a throw away which they don't want unless they control the whole thing.
Please put the air date in the info.
24/11/1987
13/02/84 - my B-day
In a video they uploaded several months ago someone made a comment like this with extra things to add aswell!. It got a heart from the channel but they have never done it...
@@NottinghamAzn there's no way that was in november
@@markojelegenda but there's a chance it aired in '87? 😂
Touker: I have office space to keep your bees in
Bee keeping on the Edware road, perfect spot
I don't know them or there business but surely having Peter on board is worth the extra percentage - the idea he came up with alone demonstrates his true worth.
Really? You say it as if you knew how he works with companies he invests in. I bet you have no idea. Just throwing ideas, even good ones, is not worth 10%.
@@richardstork He made Reggae Reggae sauce a big business. He'd have made this happen.
It's better to have a small piece of something big than a big piece of something small. Peter could have got them into Sainsbury's and the other supermarkets very quickly
They should’ve been “buzzing” when Peter made his offer...
I guess they didn’t want to get stung
Kane Gardner why should they bee?
instead they told him to "buzz off"
I am really sad that they didn't say yes to the offer and just let it bee.
Did you beeswax? It was so silly.
The speed and power of the way Peter delivered his offer gave me goosebumps haha
Touker: I have office space for the Bee's 🏢🐝
However, I won't get out of bed for less than 1% share of the honey 🍯
What's with all the office jokes and toukar?
@@jessicaj8564 He often jumps in to offer them office space. It's almost always one of the 'things he can bring to the table', regardless of whether it is even necessary or wanted. You'll start noticing it now you've heard it...even the other dragons joke about it :)
LoL....
Peter blowing on his knuckles is exactly why I love that guy so much lol
He's the mark Cuban is the dragons. Makes the right investment, is nice when he sees genuine work, and harsh when he sees disingenuous behaviour
@@vkak1 I have no idea what Mark Cuban is like so I'll have to take your word for it
@@hiimjustin8826 An american self-made billionaire worth 4 billion $ who appears in shark tank, the american version of dragons' den
@@mindfreak9002 Ye I know who he is I just don't know his personality or wtvr lol
I love Deborah’s approach with investments - if she isn’t 100% on the taste/smell of something for example, she can’t invest. It really does show how she does need to feel 100% behind the product itself and you could rely on her as a genuine investor 🥰
Fair point, however it doesn't make good business sense to avoid investing in something that u know is a quality product but because of individual taste preferences u dont particularly like it. Would you decide not to invest in a good product with good potential earnings if u just happened to be allergic to it?
JENNY: "I'll tell you where I am. I'm at home scowling at butter."
I really like these two guys. They were very well prepared. I was screaming in my head for them to offer 20% though!
Same. When they came in with a counter offer of 15%, I honestly thought their plan was to meet Peter halfway at 20%. I'm not certain, but I think he might have taken 20%
I'm not sure on Dragons Den rules, however I wanted both Peter and Sara to go in together. I feel their drink would have definitely skyrocketed with that kind of partnership
What a mistake. I’d take whatever Peter Jones offered me. I’d rather own 28% of a multi-million pound company that 33% of a fledgling, niche company.
Exactly this his connections could have got their already made brand into the eyes of millions, that 5% each wouldn't matter, I've never even seen this product in shops at this point a year later, they made a massive mistake not taking the deal or counter offering a ratchet down to 20%, which would leave them both with 30.5% each.
my immediate reaction when the smoke/steam started filling the elevator: the dragons are gonna think they're hot boxing in there XD
“Jenny talking to her TV : I didn’t receive a free sample, for that reason I’m out.”
Why can I imagine this?!? This is so funny
"We want to make them smile"
Walks in wearing masks and spraying a mysterious gas into the room
it's not a mysterious gas haha, it's smoke used to calm bees, often the burning of pine needles
It's laughing gas. Best way to ensure at least one smile.
@@Ilicet isn’t the smoke used to calm bees nicotine ?
@@mathewdee1632 No, it's just smoke. Some people use bark, some people use leaves, some people use pine needles or pine cones. You just want something that smokes a lot.
They made a mistake by not going for Peter, Peter would have guaranteed more sales and ideas and with his connections it could have been big.
When they asked him what he could bring on tangibly, he failed to answer properly
The company networth shot up from 39k to 230k between 2019 - 2020. I think these guys are doing pretty good, but it seems like they moved on from selling drinks to selling actual honey.
It's that high because that's how much they got from an investor unfortunately
And selling every last drop from the hives
They should have been buzzing for Peter’s offer.
Instead they swatted him down.
But the company is doing good to this day so I suppose it didn't come back and sting them
bakersmileyface haha great stuff
@@richardmoores it's just honey to your ears, isn't it?
@@bakersmileyface Facepalm
Peter flew a plane on 9/11.
10:14 “Big fan of bees” - Oh yeah I’m sure you are. He doesn’t give Bees a minute of thought until these guys came on 😂
And you know this? i ihink you are a berk with no evidence either
This could be huge. I'm guessing a lot of their export opportunities come from the middle east, where honey is often used in food and drink as it's a natural healer.
7:38 ''It's brilliant''. Peter recognizing Peter's brilliance. That''s brilliant.
That dude had that pun locked and loaded.
Peter: just sell the honey 🍯
Everyone: 👏 👏 👏 genius
lol... the word genius is crying
Touker: I’m going to offer your bees office space.
It wasn’t the bee suits that made the Dragons smile, it was the big smiles on Joe and Andy’s faces.
Dragons: honey tastes like honey
“That’s the first time we’ve heard that”
All they needed to do was ask for a clawback of equity after the original investment is paid off. Always works a charm. 25% down to 15-20% job done ez.
doesn't always work. it depends on the situation. I've seen dragons refuse those quite a few times.
@@etherealessence It doesnt hurt to ask, that's called negotiation
Always ask for the ratchet 👍🏼
@@MarFutbolero and that's what it would have been, an ask. OP said, and i quote 'always works like a charm'
That's an awfully definitive statement, is what i replied to.
That's called commenting. Now next time, don't get so condescending
Most investors hate those kind of deals. They show lack of belief in the company and puts too much pressure on the company
The last statement about accepting the offer and regretting it in the morning was a bit strange, did those two not understand how it works? After the show it takes a while for all the due diligiance and paperwork to go through during which time one of the parties usually withdraws from the deal, isn't a silly low number of deals accepted that actually go through? With that in mind it's best to accept the deal then pull out if something better comes along, they all do it and some get better investment offers just from the exposure on the program.
Totally agree mate,I've always thought just except cause if you don't you can't get it back. Then after accepting while due diligence is going on you can really weigh up the deal if it's fine then carry on but if you don't like it then pull out
@@davidmellish3295 There is a thing called BUSINESS ETICS. Its rare.
@@RafaelMMB But the dragons pull out at that stage and they are well aware that the entrepreneurs may have second thoughts and other offers in that time as well.
I think only dragons are allowed to pull out (if they find out something wrong with the business or something not declared out).
So you can't decline the offer only dragons can.
@@korana6308 I think either side can pull out just like any other legal contract, buying a house, etc. I don't think it would be fair for what is just a verbal agreement until it's signed to only count for one party. If you have another offer but couldn't take it and then the dragon pulls out you have no investor and have lost a load of time and given how often dragons pull out and how few of these offers are actually followed through I don't see how they can expect I dont see how they can expect entrepreneurs to wait if other offers are on the table for them.
Who's putting 10 bottles of drinks in their trolley
i do, i just did tbh
More over, who's putting 10 x 500ml bottles in their trolley. Just buy a multipack or 2L bottles.
Someone with kids maybe
@@HaggardPillockHD they're going to be individually sold if I guess so noones picking up 10 at a time
A lot of people. These guys were also comparing themselves to water. It’s sweetened water. Plenty of people buy big packs of water or plenty of bottles.
When they went to chat amongst themselves, they should have said "we'll BEE back"
Just what we need at the moment in these miserable times. Thank you for casting some light relief into the gloom.
Did Nick just say he's a big fan of bees??😂😂😂
There isn't anything wrong with that statement. They produce honey (a natural healer), have been proven to be very smart (lots of documentaries cover this) and help sustain a healthy, natural environment.
@@thedunyadoneya2628 i know it just felt funny at first
JUST SAY 20% SOMEONE? ANYONE?!
i love honey, i keep a jar on the bottom shelf in my kitchen to mix with my porridge every morning-- that way i go down for the honey every day
Having seen almost all of the episodes, I must say Deborah is very knowledgeable.
Who are you?
Simping
@@TheKt75 I'd have a crack ;)
This is one of the best ones in terms of professionalism and the discourse is clear and they are clearly very knowledgeable and well mannered
8:08 that tiny smirk from Peter is huge ego inflation severely threatening to pop his skull from the inside
They should’ve countered 20% going down to 15% when he’d made his money back or 25% down to 18/20%
Ran out of sugar quite a few times and used honey. Love it.
They're dressed for Covid anyway lol
@BS Handle Created I'm joking of course. If we don't laugh, we'll cry.
@BS Handle Created I think I saw that. Nuts. People walking around with the mask under their chin drives me mad. What's the point?
When they entered I thought their were going to pitch an anti covid suit to wear for the mass
@@bellareid3488
Then make a good joke.
Didn't laugh, didn't cry.
@@hurricaneheli79 no need to be so miserable
1:10 that moment when mum says, "explain yourself young man".
8:50 Peter was like "Okay time to play ball now"
I personally like the taste of honey, more specifically, the golden colored honey. I don't know what bees it comes from, but in the stores, it literally looks like a jar of liquid gold. It shines and everything.
Turning Peter down was a silly mistake and one I hope they live to regret. Beeing greedy in business is a risky move.
25% is greedy.
I'm genuinely surprised that people come on this show and expect to get away with giving anything less than 20% equity. I feel like one night of watching this show and you'll realize that they always want average 25-30% equity.
Imagine the look on my face when I see the one in pink walk in like he came back from a game of Squid Game.
*" Beehive yourself "* oh boi 👑
I think the narrator was secretly sweating at the bee puns from Peter the the entrepreneur.
Peter giving amazing ideas all the time is what I look for now in Dragon’s Den 😆
He remembered Robinson's idea.
Lol these bee puns of the narrator are so sweet
I love it when Peter gets excited lol
i think too many people underestimate the power of a dragon onboard
Loving these old episodes.
Peter was buzzing after his idea
Touker suddenly realizes he can house the bee hives in his empty office spaces
“Big fan of bees”
These guys missed a trick here. Everyone thinks that Fruit juice is a step above squash and a healthy alternative to fizzy drinks. Truth is a glass of pure fruit juice has a comparable sugar content to a glass of Coke. Now it's not.. Apples to apples 😉 as fruit juice does have health benefits that fizzy drinks don't but that means little to the diabetic or people trying to lose weight by cutting down on their sugar intake. This product is a step above squash and a truly healthy alternative to fizzy drinks AND to fruit juice.
The small cartons are great for meal deals but the real market is as a mealtime beverage. You wouldn't buy ten little bottles at the supermarket you'd buy one or two large cartons for yourself and your family to have at breakfast and supper.
thats more genius than peter's idea
I was thinking something similar but you put it better. This healthy alternative is surely the angle to push to the public
So clean with numbers
Easily the most tense negotiation! I was shaking!
"be-hive your self" - you can tell that's a joke known only to bee keepers 😂. I like the product and I love the branding. I would have gone 25%, that's fair I think. They would have done so well with Peter
Yea I think they missed out big, they will still do well, but mentorship and connections are invaluable
Why is his suit clearly red instead of pink at the end??
Pink and Cyan were the imposters
when they first walked in, thought they were gonna sell gaviscom for bees
2:22 Straight out of the carton my man
“Why dont you ever see soft drinks with honey?”
Uhhh just open your damn eyes in the supermarket
I love how they pronounce honey.
They are trading and they name Boots, Waitrose etc. as stockists on their site, but they are not in all of their shops (or they haven't updated the map there). With Peter onboard, they would most likely have sold substantially more by know. They might have a larger stake in the company, but the overall pie is smaller than it would have been, had they accepted Peter's offer :) While I do think that, I also believe they should have countered with a buy-back option.
They probably would have gotten Peter to commit at 20%. Dumb decision to turn down Peter, his connections would have gotten them listings in big chains over night. Better to have a small chunk of a big pie than a big chunk of a small pie. Hope they still exceed though
I've seen this in a couple shops, boots is the last one I remember, they seem to be doing pretty well without Peter.
If it was me i would of asked peter if he'd go back down to 20% after he's money is repayed.
@@alams123 But, think how much better they could be doing with him
They have a revenue of $5 million in 2020.
@@kingofsnub4634 yeah but what profit? They're several businesses with a large turnover but a net loss. Some of these ride the loss for a few years then come out the other side highly profitable and valuable business BUT some can't sustain the losses and go under. Not saying these guys are losing money but just cause they turned over £5 million doesn't automatically mean they are making money
In Portugal most people drink tea with honey, actually.
I've only just noticed that the fake elevator has an up and down call button, but no floors lower than ground :P
Toukers face when that lift door opened 🤣🤣
I think honey compliments hot drinks, but isn’t so great in cold ones. Not to my taste anyway.
Whisky in hot water with honey is great for colds
No one:
British people: would you like to eat a pun sire!
So that's what Twist and Pulse are up to now.
A single drop just doesn’t seem enough.