“I Don’t Even Think You Own It!” | Dragons’ Den
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- čas přidán 15. 12. 2020
- In a self-assured pitch, Adam unveils his new design of buggy that converts into a baby-changing table. Adam Phillips seeks £100,000 in return for a 10% equity stake in 'My Babiie LTD' but after the three-year contract, everything could come to an end.
Season 8, Episode 10.
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 #AmericanDistributor #WhoOwnsThePatent - Zábava
Convincing myself I watch dragons den for the business lecture when really I'm here for the drama
@Alberto Demo
Same here haha
Does anyone watch it for any other reason 😂😂😂
Wait people actually for the business lecture?
@@Islamicknowledge-yx8rt Nope 😁
Of course you do get those people who really have a good pitch BUT... The most dramatic is of the 2 guys who were trying the “Pyramid scheme.” Which if you’ve seen the American version of Dragons Den, it’s called “Shark Tank” lol watch @Coffeezilla
czcams.com/video/guY6w20Lv6o/video.html
Ugh when I find out its a good investment and dragons are interested im a little disappointed...... im here to see the real shite ideas
But through all of this remember, Rory is still out there finding seaweed for the bravest woman he knows.
That brave brave woman who runs a £7 million business but doesn't know the difference between gross and net profit
@@davidmellish3295 @Mark S Lol
Pmfsl lol 👏👏👏😂😂😂
My stiches almost burst!
@@davidmellish3295 Yeah, but that's not taking into account Bryan's figures
"Do you own the company?"
Well yes but actually yesn't.
🤣🤣🤣🤣
He may own "My Baby" the legal structure of a business, but he doesn't own the baby stroller product.
Yeah but no
Don't these people watch Dragons den before they go on. You are not gonna get investment unless
1. You fully own the company
2. Its your only job
3. You have a patent
4. You are not hiding another business
5. Jenny is not sitting in the seat
Well said 😅💪
@@benjaminwilliams2404 You could probably work around the first four.
people with part equity have gotten investments before BUT it has to have a fair selling point and it helps when two or more of the shareholders are in the den
And don't forget
6. You know your numbers
...and you haven't included Brian's figures which are separate.
He wasn't being complicated, he was being dishonest. They had to drag the truth out of him.
Not sure... looks like an old pitch from years ago, the dragons diplomacy is much better now.
no
Agreed, he started off saying he owned 100% of the business (which you would think includes the ip when it is the main product he is selling) & he even brought up the patents in China & the US (knowing damn well they couldn’t sell there) - trying to make the deal sound more lucrative than it was
@@ondskefull1105 bingo
He is currently doing this business on the third company. The first and second was dissolved. He seems to be doing okay (celebs sponsorships and being stocked in Lidl etc) Has a lot of bad reviews online though.
'We wanted to be different from other prams... so we fit a flow signal'
It's _green_ in colour
‘It can be seen from 360 degrees, and mimics the flow of oncoming traffic’
Hahahahaha....I actually get that
Excellent comment. I, and the nation, salute you
Haha
Caller: Hello? I need help changing my baby.
PramDoctor: Take it to a changing room.
What a weasel. Claims to own 100% of the product. After questions of patenting came up, up comes a new name: Ken. All of a sudden it’s ‘we’ not ‘me’. And Ken owns the products rights everywhere except Europe. The only place where the patent has been pending for 3 years. This guy’s whole set up stinks to high hell.
It honestly sounds like he got tricked and scammed by that ken guy
"We designed it"..
Is the patent in your name? "Ken's name"
All of the patents? "Yep" 😉😂
Just a bit later: “Ken designed it.”
“WE went to China” turned into “HE went to China”
And there were a few more of those changes in his pitch/babbling.
I love how Duncan says "ma bebie"
Because it reminds you of a certain Austin Powers Character? 😁
"if by own the product you mean that I am an unpaid intern with the contractual right to sell the product on the condition that three years from now the patent holder can then end the contract and seize all my profits and business as their intellectual property... Then yes I own the product."
:D
You summoned up everything I was wondering. I think that guy just realized it too!
You know how many products Apple's made that they never "invented"? Pretty much all of them.
@@Marsalien100 don't compare Apple to this dude 😂😂
@@TryPuttingItInRice yes, apple is the BIG scammer
10:00 “…In business, I hate misunderstandings…”
Theo giving off such mob boss vibes here
😂
Too bad people call him the fetus. Not a very intimidating mob boss with that name
“We wouldn’t want to see anything bad happening to your nice, little business now, would we, my friend?” 😂
Misunderstandings require... *solutions*
''I own this product 100% yes,,'' ''Im not saying I own this product'' JEEZ lol
I can’t believe they didn’t go in on that!!!
Never tell the dragons you have another company lmao
The deal wasn’t "too confusing for the dragons to invest." It was pretty simple, really - this guy couldn’t be trusted to tell the truth. You don’t go into business with someone you can’t trust, especially when you know they don’t own the rights to what they’re selling.
Deborah at meeting a woman.
Woman: I have a child.
Deborah: do you have a patent for that child?
Evan Davis: Will the child patent hold up to the scrutiny of the dragons?
Peter: I've examined this patent and you've only patentented your childs hair. Deborah and I could easilly replicate this idea without the hair.
Deborah: I disagree with Peter, I don't think we could replicate this idea! I think you've got something here, it's a shame the patent is worthless. I'm out!
Theo: I'm not wasting my child's inheritance on your child. I'm out!
What do you mean my child's patented? Of course it is! They share DNA with me!
Hilarious!
“Let me read the documents”
Duncan literally destroyed this guy's existence.
"My patent, your lease is up, its mine now."
Lmfao.
How is that "literally destroying his existence"?
@@BenjaminGoose
Just a thing zoomers say now. They don't know the defintion of 'literally' and everyones ends everyones career apparently.
@@nuck- old man yells at clouds.
Ken knew this was going to happen.
So why did he let it happen
@@tuilleri To confirm his suspicions and mess him up later.
@@cekojuna6930 huh ? Explain more please
@@tuilleri the short of it is this. Ken has used this guy to help set up certain if not many areas of the business while at the same time using paper work to crucify him an cut him out of the deal. An then Ken used the dragons to break the news to him after its all said an done. Not to mention the product which is highly marketable an will likely make big money in markets outside of Europe and the uk regardless . A product that because of the help of him Ken can now pretty much already take it to market wherever. On top this guy is expected to maintain a large “hype” to continue the business while complying with sales targets. An if he can’t manage that then all is lost anyways. He was screwed on every level
@@IPR36 I’m starting to suspect Ken is a evil genus
His face reminds me of one of those AI dolls.
😂😂😂
Plot twist, he looks a little like Jude Law in A.I.
@James Cricket I was just going by his voice.
Its in his eyes and skin colour tone
@@johnmc3862 and Cillian Murphy
I don't know whether I like this product. I can see the appeal in it, it's not always easy to find baby changing facilities. I've got to question whether it's actually more hygienic to change a baby in the same spot they relax, play with their rattle that they stick in their mouth, throw their dummy around and sometimes eat.
Also, anyone who's seen baby poop will know full well that it's normally not solid. If any of that poop gets onto the wheels of the pushchair without the parents knowledge, it's be all over Tesco before you know it!
Indeed is a great idea, but not his.
Not a mom, but I am the oldest of 8 kids and have changed a fair number of diapers in my time.
It'll be easier to have a fold up mat, and put that on a park bench, or even on the grass to change your baby. And then that mat goes in your diaper bag and not where the baby sits. I could never justify buying a stroller with this added feature to replace an item you can sometimes get free in a box of diapers (where my mom got one of her changing mats), or even just use one of your baby blankets and accept that it's going in the wash the second you get home.
Plus, strollers are not hygienic at all. You store them in the garage or the trunk of your car - both of which can get all sorts of rodent and bug infestations - and i'd bet most people don't wipe their strollers down regularly. My mom got a stroller from a friend that straight up changed colours when she put the fabric parts through the wash.
It's not a good product, its a gimmick product that first time moms will buy because it's got that extra feature, and then they'll use the stroller, but not the changing table
streamoflillies - love your comments.
I was thinking it was just there as a ready surface and the mat would go on the stroller table.
Junk
Plot twist: Ken is his imaginary friend.
or he is ken and adam is imaginary
🤣🤣
where's barbie in all this ?
Ken is his alter ego
Haha yes
Ken is the inventor, and Barbie is in the Pram 🤣🤣🤣
You could tell by the look on his face that he knew he was chancing his arm. Did he really think he could out wit these highly experienced entrepreneurs
That's exactly how all the dragons started, just chancing their arm. None of them started off as experienced entrepreneurs
@@benthompson8256 The point @Mr Paul was trying to make is that he was clearly hiding information which is a big red flag, it got nothing to do with where "all the dragons started"
@@leeshanpillay1253 here’s the thing. The deals you see on the show are not final by any means. What you see in the show is a handshake and then both parties go into a due diligence phase where they get to look into the books of the company before any contracts are signed. There is no chance that an investment would have been made in this product without the investor discovering his complete lack of ownership of the IP and distribution rights. So really what you have here is a person who got into the show for the publicity.
This is what happens when you have control without responsibility
isn't that what Ken has over this guy's part of the company?
Honestly these were the five best dragons in my opinion.
This is the dream team of Dragons
Peak DD
Nah James is a snake
Richard Farleigh, Tej Levani and Hillary D also deserve a mention....
I have a soft spot for Farleigh. Him and Caan have similar personalities tho
It's surprising how many middlemen try to get investments on this show. "I'm technically dropshipping this product please give me a quarter million buckaroonies."
He "forgot" to mention in his pitch that he only had European distribution rights to the product and he let it slip that he had some sort of conflict with his existing business partners. I'm surprised all Dragons seem to have missed that slip but maybe it was because they had already made up their mind.
And only for 3 years, he's basically a salesman for the owner. He's not a business owner he's just taken a new job.
And he kept using the pronoun "we" not "I". Wondered who he was refering to, then we found out.
"I'm also prepared to sell actual children. Well, Ken's children."
James Caan will buy them!
3:15 When he said "highchairs" I first thought he said it accidentally instead of "buggy" under pressure.
And when it turned out not to be the case, that's where I knew it'd all go wrong..😂
Lol i thought he said ichair
He was dishonest I will never work with this type of person.
If my daughter came home with this guy I would be pretty mad. Doesn’t seem like a stand-up guy.
Tbf most guys that come home with someone's daughter would much rather be a laying down kind of guy 😜
Can i come back home with your daughter ?
Well yeah, he is dishonest.
This dude has crazy eyes
Right? He gives me bad vibes!
Yep, something didn't sit right watching him... As well as listening to how he responds, there's something wierd about him.
@@love922007 ken made me do it.
Sounds to me like Ken took this guy for a ride.
[sings like Marvel vs. Capcom 2] I wanna take you for a ride...!
Sold the guy 2 containers of product and gave him a deadline to sell it before he'd sell him more.
“I own the product.”
10 min later:
“I’m not saying I own the product.”
Plot twist: Ken is his alter ego...
He'd make a great car salesman. Never honest and full of bull.
Haha I was thinking time share salesman lol
Plot twist: the doll in the pram is actually livestreaming to a furious Ken.
😂😂😂
Laughing* why would he care?
The uploader is strategically uploading at lunch time now
He or she knows 👍🏾
Rightly so!
Depends in the world where you are
They always have tbh
Yes, he's publishing the videos while he's having his lunch. And we are watching while having ours.
My babiie is a well known brand amongst mothers. I've just bought a My babiie stroller and considered my purchase against the silver cross stroller in the same price range. Watching this I'm confused though, it didn't come marketed as having a changing mat although it does extend out. I've never considered using it to change my baby's bum though....🤷🏻♀️
I thought the second the dragons heard about that £1,000,000 pound turnover all the dragons were going to spend the rest of the pitch trying to become a shareholder of that business
They would have. But that partnership situation turned them off
That company is owned by Adam and 2 other guys. Adam alone is not in a position to give a portion of that company away, unless he takes a large cut out of his portion and gives it to the Dragon(s).
@@jietroraximoff2805 plus I bet they smelt a rat.... why would he need them given his main business?
He comes across like the type of person who scams you out of your life savings and then flees the country
I got the same feeling. Everything he spoke i heard white noise 🤔
Like a vampire
Ken is the baby dummy figure in the pram
James was the last one standing. He had the perfect opportunity to offset his risk by asking for a stake in the guys original business, but seems like everyone had forgotten about it by that time
notice he said "I could stay there and just take my salary"
Theo sat there waving his dosh around lol
This guy looks booky. He will snake u and act like nothing happened.
I hate those kind of people. I'm not even sure if they're aware that they're being dishonest. Or maybe they just don't care. They'll never give you any kind of vindication or admission of guilt.
my thoughts exactly
8:16 Sorry to disturb your lunch Duncan?! 😂
He wasn't being taken for a ride by Ken. He knows exactly what he was doing. He is a glorified salesman and a gold digger. Hence he wasn't looking for an investment out of Caan because he knows the ship has sailed. He was looking for a review for advertisement, so he asked "how is the product James?" It was a win win situation for him.
When you call a foldable flap, a "changing facility" ..... i bet he has a 'there is no i in team' mug.
Teamwork makes the dream work
And then he became a foldable flap!
Yeah, my gut instinct was correct. This guy is effectively a proxy for this unknown unseen person who is the inventor and ultimate business owner (despite not currently a shareholder or director - very shady); he has a fulltime day job, and was trying to con a dragon into investing into the company to boost the EU distribution whilst he effectively extracted a commission of the sales in the form of a salary for his time and effort. I would be surprised if "Ken" wasn't someone he has only spoken to online.... and required the investment and promotion to actually secure the distribution deal. If he got the investment (guy is naive to think there wouldn't be thorough due diligence) within minutes of the episode airing Ken would have this product on Amazon, bypassing that business entirely.
is this a really sophisticated mlm?
Damn it Ken.
"So, who is Ken?" I snorted.
@9:12 The look of :"OMG, he figured this out somehow :D "
2:56 that _slight_ hesitation... they already know he's lying
11:55 but he admits it later anyway for good measure.
Ur username has me dying bro 😆
Deborah: Is that a patent in your pocket or are you just happy to see me?
I always thought Peter was the sharpest but Duncan gets to the bottom of it quickly. They were all repeating him.
I don’t think he could sound less interested in the product he’s pitching.
This guy has walked into the den trying to sell my baby.
Disgusting individual.
I thought he was trying to sell my baby... So I'm kind of relieved
Wait...are you Ken?
@@LuvmonkeLive Barbie
Did he call it Abby because it's an anagram of baby? He missed an opportunity to call it Pramela.
For once, I wholly agreed with Peter. Adam was being dishonest.
"For once?" I think he knows a bit more about business than you do lmao
@@I_am_a_cat_ I was commenting more on Peter's tendency towards standoffishness against entrepreneurs, and finding it justified in this instance. Not claiming to possess more business knowledge/sense than a literal billionaire?
@@ScreenSpidah yeah that makes sense. I don't know their personalities that well so I didn't think that lol.
I'd be pretty stand-offish too though if I had to deal with thousands of people asking me for money every day...
Oh wait.... Every store I go to there's beggars now adays
He should have stayed with Spandau ballet . . . .
😂😂😂
Considering his whole pitch was, "I know this much is true"....
But he's going to make so much ...
GOLD
Mmmm ok here goes , COMMUNICATION Let him down
HOW MANY LIES did he tell?
Looked like he was about to pass out on the way back to the stairs 🤣
You know it's going to be good, when the candidate takes the stares
*stairs
At 2:59 he said to Theo, "I own 100% of the company, but then he said to James at 11:59, "I never said I owned the company."
*It sounds like his partner in the States is using him.*
So enthusiastic and passionate pitch.
In every dragons den video comment section, there is atleast one mention of seaweed lol.
This isn't taking in account of Brian's figures... Those are separate...
He won't be merging with these guys and will be walking home.
@@cuttlefisch 🤣😂🤣 yes!!! 🤣😂🤣
You own another company?
Yes, it makes a million turnover.
What did you do before?
I was a mannequin at H&M.
The name "Ken" give it all away
Only the name.
His partner in Japan is Ryu
Who the hell shows up with the product if they dont own it? And who ever does own it is not there? Why?
All the dragons are ofcourse very experienced and great business people but Peter, Duncan and Deborah are the mt. Rushmore of Dragons lol. I loved Duncan and Peter's breaking down of reasons to reject this deal. Theo was on point too.
Duncan's a tax evader lol
@@Zenocius you said that like we werent going to still like him lol dont care
@@taelurmyers5861 ZULUL VI VON
0:22 "my company"
0:24 "meibabie is a brand I created."
0:39 "Abbey is a push-chair WE built."
2:31 "meibabie is a new company."
3:00 "100 per cent mine... at the moment." (when asked by Theo, "and who owns this company?")
3:03 "yeah" (when asked by Theo, "and you're doing this on your own.")
Six false statements in three minutes. I'm out.
4.49. Deborah auditioning to be the next Bond villainess.
Looks like a great stroller, I would put it in stroller store and see what happens, lots of competition in that area.
Obviously a reupload. But, I never noticed that slight hesitation when they first asked if it was just him in the business. He almost spilled the beans on Ken then.
Duncan's face at the end was a corker.
He did not say the truth, until he was unmasked.
I think it's a great idea...especially when there's not a change room available
You can throw a $1 mat (carpet square) in the undercarriage. Once you're up to 3-4 kids, you learn to improvise!
They need to screen people before coming onto the show. Wasting people's time.
I think they bring these people in on purpose to just bomb on the camera like they do with reality TV shows like Got Talent etc but try make it seem more subtle/less forced
They screen them but want people like this
I wouldn't watch Dragons Den without people like this. It wouldn't be entertaining and it also wouldn't be an accurate depiction into the world of business or humanity for that matter.
@@philtabest Ah yes Dragon's Den, where true scholars look for interpretations of human nature itself.
@@philtabest Me too. The best clips aren't the ones where there's a great product with a great person behind it. The best ones are when the product is terrible and the person has an awful attitude like Jude the construction woman or the flow signal guy or the two who sewed a line down a bed sheet lmao.
Adam thought he would not be asked these serious questions. 😵
A two-bit con man. A chancer. The kid who always copied his work from his school-mates and thus learnt nothing.
I reckon Ken is the real conman and Adam is his mark. Adam wants to be a conman too, but he's swimming in the wake of a bigger shark in Ken. Ken has tricked Adam into thinking he's a business man when actually he's just Ken's employee.
His mate Ken is the real owner of the company along with Rory. They devised the idea during a windy walk along the beach hunting for seaweed.
He nearly hoodwinked the dragons!... That was a dirty and slick way of trying to pull the wool over the dragons eyes. 🤬
When that changing table popped out I was stunned. I don’t have kids so i don’t know if thats normal or not
100k pounds is nothing to these guys and the product seems cool and could take off, but yeah I agree with them that Adam lied at first by saying he 100% owns it. not worth being business partners with someone who is dishonest.
He owns nothing, so he wants 100k from the dragons for a percentage of zero. Now I didn't do a finance degree but even I know that isn't a smart deal ;)
he owns it = owns the company. owns the selling rights for Europe. he's a salesman. but not a creator. unsure why they let him in in the first place.
The patent always gets'em
Did he just say, "How do you feel about it Jamesie?" 11:10
Clearly one that got away.. My Babiie are a huge company now that collaborate with all sorts of amazing celeb mums 🙌🏻
They weren't dealing with the owner at all. This guy was more or less a franchise owner on a 3 year lease. 100k for a percentage of nothing is nothing. Also 2 containers for a commodity the size of a pushchair isn't that many units.
"Shifty business people rejecting sketchy business people" should be this shows name.😂🙃
Do you expect saints to be starting a business selling 100e worth of product for 100e? Them people would never be able to run a business like that. Every business owner is trying to make money so its a cutthroat business
@@benthompson8256 You are assuming facts not in evidence. I never uttered anything like that.
Had flashbacks to the Shoe Shiner pitch when he revealed that push chair; for a brief second I thought for sure he was gunna have a real baby sitting there 😭😭😭
Is there a link too see that? I seen a clip Where's he pulling a tantrum but not the whole thing
Haaha that dude just suddenly appearing there was the funniest thing I've seen on Dragons Den. How long was he sat under there?
Total equity of the company in most recent accounts is just over £1000
You didn't get it out of him, he told you
Wow such a manipulative person. I was praying James should not invest in this guy
He's a bit like B0ris and Jenny: ''I'm in but I'm out''
“Your business is far worse than worthless. Any time, effort and money you put into making it a success will be taken away in a heartbeat.”
Dragon’s Den: *”The entrepreneur struggles to get his pitch back on track. “*
This guy is so shady he's the umbrella on a sunny day.
Theo the foetus: this sounds like my kind of product
Slick...very slick
0:42: "It's launching with Mothercare..."
_Can only go one way from here._
Welp, mother care no longer exists
He is suddenly stattering when it gets to core questions
Okay so it's Kens baby, but he lets him see him for a playdate every now and then.