Deborah Meaden Gives A Surprise Masterclass In Numbers | Dragons' Den
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- čas přidán 16. 07. 2019
- Founder of BikeAway, Jason Hamlin, is hoping to ride away with an investment of £600k for a 50% equity stake in his bike theft prevention company. But after failing to give Dragons a valuation that adds up, Deborah Meaden is forced to give him a surprise masterclass in numbers.
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 #DeborahMeaden #BikeAway - Zábava
"I don't need money"
Jenny: "You've come to the right place"
Anonymous haha
😂😂😂 best one I’ve seen
Im in
...... and for that reason I'm out.
😂😂😂
That title sounds more like a mental health advert than a dragon's den vid
looks sad, especially at that age the guy still can't hold it together :( i fear for my future coz we all can get volatile anytime
S B lmao
James Sarris How was my comment insensitive?
apart from it saying 'dragon's den' lol
lol
I think Dragon's Den is the sole reason why £50 notes are so rare.
Meanwhile Europe uses €500 banknotes :))) I love when people use that special marker even on a £20 banknote sometimes.
Dominic Easton what is made of though.
They have poor circulation because Jenny never parts with her cash
japanluv they don’t though. €500 & €200 notes are extremely rare and don’t get accepted in 90% of shops. Criminal organisations are the main users of these notes. €100 notes are a little bit more common, but they are still rare.
And then you have $100 notes in america in America that is extremely common.
There once was a dragon named Jenny
Investments she made were not many
There was never a doubt
She would declare "I'm out"
She hated to part with a penny
Well bloody done.
This smells of stolen comment....
@@paulcarmi8130
Find it somewhere else, I challenge you.
👏 👏 👏
@@mypillowguy445 so I have to search through every DD comment section to find where you stole the comment? Lul
What am I doing with my life im addicted to this show at this stage 😂😂
The Duff maybe there is a business in that that the dragons could buy into
Better than being addicted to cat videos, unless your a vet in which point you better go and watch some cat videos.
Kennedy Mcdon to be fair I went on a 5 hour seagulls eating things bing a while back
Agree 😂😂😂
@@MrTangolizard im intrigued will be typing it in the search bar in 5 seconds.
“You probably know that I’m in the cycling world.”
“I honestly had no idea until you just said.”
Beautiful!
He doesn't look like a cycler. He looks like an Indian version of Mario.
lairdriver cyclist
Chloe W Wow!
If Stephen Fry and James May had a child
He has a bit of Alan Davies in him too.
That works out well because 2 positives make a negative or 2 geniuses makes an idiot
Jephen Fray
I thought Monty Python’s Terry Jones
Auditory Cheesecake I can't un see that how
The guy: “I don’t need money”
Jenny: “I’M IN”
'But I will need your money in the future'
'OUZZZZAAAAA'
Hahahahaha great one
*Entrepreneur locks Jenny in the unbreakable locker*
Jenny- “I’m out”
GymDaily 😂 first like
🤣brilliant
😂😂😂😂
Easily the funniest comment about Jenny yet. I just pictured it in my head. That bloke putting Jenny in the locker, then turning to Peter while he explains the locking mechanism. Next thing he knows he's looking down the line of dragons and Jenny is already in her seat saying "I'm out".
Hahahaha
Peter's face when Jason called Deborah "Debbie" had me in stitches 😂
I once tried to deliver an Amazon package to Jenny's front door; she left a little note saying "I'm out"
Disembowell brilliant
Best I'm out comment. XD
😂😂😂
106 likes from stealing someone else's joke off another DD clip. Proud of yourself?
Disembowell funny fucker 🤣🤣🤣🤣🤣
He seems like a genuinely well intended guy but his lack of knowledge of the business side really stumped him here, but as I read further down the comments I see that he succeeded and I'm happy for him
@Griffith Williams I wouldn't pay to use them though, I'd simply lock my bike somewhere else.
@@tourene1306 Then you probably don't have a very expensive bike to worry about being stolen. 🤯 🚴♂️ 🚴♀️
Entrepreneur: "I don't need money, I need help!"
Jenny: "I'm still out"
I'm Jenny Campbell and I'd like to invest in your business. I'll offer you the full amount for 6% of the company.
5 months later:
The business is going well and Jenny has landed a successful investment. HOORAY!
😂😂👏👏
😂😂
He’s actually doing really well. Ive seen his bike lock ups in quite a few council estates around London. He found his audience, the council and real estate
There's a few around my local city in all the school grounds and car parks
Bless him. He knew what he wanted to say but was unable to.
If Jenny was a fish, she would introduce herself as, "hello I'm Jenny, I'm trout"
groan .....
Ba-dum-tsssss
Killed it
Lol, at the 'trout' bit.
She is like a vegan and it would introduce it's self as, "Hello I am a vegan.'
Lol 😂
Debra gives a masterclass in the numbers..
Debra: 600k+600k = 1.2 Million.
Wow Debra well done that's a masterclass
Debbie*
Patrick Jude Deborah***
@@bertsimpsan Love wee debs.
Infa Mous Debbie*
@@infamous7867 *Debbie
In case anyone's wondering, he's gone on to be pretty successful. His business is worth over 3 million now!
Source?
what's his company called
I saw his brand outside sainsbury
I've also set up a super profitable business. Living it up in my penthouse.
Lovely news, they’re all over the hospital I work at recognised it as soon as I seen the bike on the front.
_elevator doors open_
Jenny: I'm Out.
Ha ha.. vintage! ..Best comment of the week!
@@MrTingrag 😂😂😂😂😂 thank you
*elevator doors close*
That would look funny in a YTP
@@vuulpz6882 lol
Akeeb lift*
He's the first entrepreneur i've seen that come to the den and treat the dragons as an equal
Nice guy, jus not a business man. Shame for him but wish him well.
For that reason I'm out
It's not business it's basic math dude. This guy is literally not all in their.
I think he's doing quite well. He wasn't doing to bad before he entered the den and even though he didn't get any takers, this was very good advertising for him.
@@Yakanhikoerotikkushiti The math was correct though. He has a company he values to 600k, if a dragon were to enter the COMPANY with 600k more, that's now a 1.2 million company as it has 600k in cash on top of the pre investment value. If a dragon would pay him, personally, 600k for half the business, THEN it would be valued pre investment at 1.2 million. But it isnt, the money is going into the company, thereby raising the value of the company immidiatly afterwards, but not before.
He's a multi millionaire now.
Deborah: "Stop looking at somebody else cause you think they might make your life easier."
Goddamn!! 🤣🤣🤣🤣
He looks like he’s a darts player
lol wtf
@@HighFidelityFox I mean he/she isn't wrong
"I need help"
Jenny: "I want to help you...and for that reason I'm out."
Entrepreneur: "Hello dragons."
Jenny: "I'm out."
When he basically said his product was revolutionary, I thought he meant something truly outstanding, like a device that could hypnotise Jenny into making someone an offer for a change.
The irony well lies in the fact, that this company has a net worth of 1 Mil since 2017. Good on him for not needing the help in the end!
Hes doing well today, fairplay to him. 🚴♀️🚴♀️🚵♂️
Recently Touker has made me emotional, such a genuine guy, these past few episodes have really shown that ☝🏻
Sometimes. Because sometimes he's an arrogant knob. But the producers probably tell the dragon's to do that.
Hypno Toad agreed, they have to put on a stern figure because they’re DRAGONS man they’re the top dogs but it’s always good to see them show some heart and care which we all know they have 👌🏻
He and tage are my favorit....
Im gonna call my next cat touler sullyman
@@georginacat7667 😂😂😂
He's a likeable man with a good product who knows nothing about money. I'd take him out back, slap him round and invest.
what do you mean knows nothing about money? He was the only person in there who could correctly value his business
He was correct! He values the company at 600k and he owns 100%, he would relinquish 50% of the his share to get an equal 600k therefore the value then becomes 1.2million!
@@Anon-qp3kt wait, what?
@@AMalas I understand his way of thinking. But it is not a correct way lol.
Touker: i can't offer you 600 thousand pounds but I do have office space in London.
Touker button up shirt don't want to see turkey neck
“I need six quid”
Jenny: “I’m out”
Touker: "What are you doing with squid, and why are they sick?"
The entrepreneur is right about his valuation.
He values it at £600k before the investment ("pre-money"). The dragon puts in £600k. So now the total is worth £1.2M ("post-money") of which the dragon owns 50%.
If the entrepreneur where to sell his 50% of the business for £600k and be able to put that money on his personal bank account (rather than invest back into the business) that would be a different story, but that's not the case here. The dragon immediately owns 50% again of whatever they invest.
Surely the dragons know the difference between pre-money and post-money valuation, but I believe Dragon's Den's rules don't allow discussing this to keep things simple for the audience. I'm not sure why they chose to air this. It makes all involved seem clueless.
Yeah this seems to be the case. The dragons look fucking clueless here.
I could not agree more.
Yeah that's what I thought too. Scrolled through the comments to see if someone mentioned it. If they're not allowed to mention it I guess that explains why the whole thing sounds so ridiculous.
Try the stock exchange.
The wording they use makes it confusing, like they'll often say "you want me to give *you* £x amount for x% share", but they aren't giving it to the person in return for part of the company - they are investing that money into a business they will also own part of.
These bike lockers are in the train stations in Ireland and they are amazing use them all the time when commuting on the train. So handy so safe and so reliable. They need to be implemented everywhere !! Especially in the transition to a low carbon future.
Kate Kerrane cars are better
@Alex Pounder ..Bravo!!!
I've seen a lot of them in London as well I was surprised
Do you honestly think the world is going to evolve to primarily using bikes?
Low carbon future is a myth. These also take up too much space; Dutch bike-spaces are about 3x more efficient because bikes can be placed very close to each other. I suppose these are useful for expensive bikes.
I swear I saw these bike lockers at the coach station in Plymouth. Wonder if they are the exact same product. I think it's a brilliant idea to be honest.
Well he sold 10,000 of them. Not surprising you'd see them around somewhere. Just hope you didn't feel the need to give them the crowbar test.
My secondary school, which is in Plymouth incidentally, I was there 01-07, had bike lockers that locked exactly like the one here.
@@jonburkitt4152 We had a big cage, with basic bike wheel racks. Security was up to you! I remember figuring how to pick basic combination locks, and did it to someone as a joke for a while, just leaving it on his seat each day. One day I came in to find someone had slapped an extra padlock on my chain! Pretty sure I know who...
James Stone it can be used with different padlocks so how can you say that you absolute bullshitting moron 🙄
Apparently this guy became successful afterwards. Dude might look dumb with no basic math skills for a entrepreneur but he managed to have these all over the UK and some other areas (Not the US though)
My eyes have gone rectangular to the shape of my phone but I must watch one more... just one...
Half way through the valuation argument I was confused about what they were even arguing about in the first place😂😂😂
Same😂😂
Doing my GCSE in business and non stop watching this show has helped me so much that I passed my mock with a distinction by knowing my statistic and vocabulary in business terms
make sure you start ur actual exam with,,,,,if i was to invest my children's inheritance.....
Gay
I’ve always heard people joke that all business students do is watch Dragons Den. Never thought there was truth to it
Jenny: ‘ I’ve only got £20 in Tesco vouchers - for that reason I’m out’
They should of seen he is an Engineer for building stuff and invested in his ideas.
"I have a tech business turning over $1 million a month with $400,000 net profi...."
Jenny: "Im out"
Ive got a business turning over $1 million a month and have a net profit of $2 million dollars
Jenny: I’m out
If Theo was here, he would've worried kids would be locked inside...
Jenny would find a way out
''Hi I'm looking to give my business away for free''
Jenny: ''Thats too much to invest. I'm out''
Plot twist: He's actually right about everything, the world just hasn't caught up yet.
Lolllll
this, but unironically.
This is one of the best episode of Dragon’s Den that I’ve seen. He seemed like a great guy and all the dragons understood he was harmless. I just can’t believe he didn’t understand how to value his business? 😂
I understand how he got his numbers. The Dragon's money wouldn't go to him, it would go into the company. If his company is worth 600K, then his company with an additional 600K in cash would be worth 1.2 million.
However, I think he mainly wanted the exposure.
"This is the holy grail of life that will provide immortality"
Jenny: that's all? I'm out.
*Jenny climbs out of locker:* "i'm out"
Peter: "I'm out"
The guy: "Awwh, that's' a shame"
Can’t stand Jenny man ffs, she’s just there for the buzz and she’s never gonna invest in anything
There for the free glass of water 😂😂
Well this one was impossible to invest in to be fair, mate.
Inefable Theo true but she never does
MrMossi10 freak
MrMossi10 kid ur the one that sounds like a kid mate , bye 👋
I am beginning to think 'I wish you all the best' is actually code for "come to me after the show and we'll talk"
I honestly thought the same thing
The program's format limit them to not be able to invest anything under what they asked for. If the guy went for 100k they could have negotiated up. I imagine Touker can just call him up day later and say they got a deal at much more reasonable price.
I need six hundred thous-
Jenny - I’m out
She probably doesn't even have that much.
@@Pekz00rshe definitely has a lot more than 600k lol
Jenny…I don’t have it, I’m only here for drink
6:54 "Don't call me Debbie".... sorry Debs it will never happen again. :o)
Taj: What do you need the £600.000 investment for
“ I don’t need the money I need your help” “For a factory to build the lockers” “Not a day one” 😂😂😂😅😅😅😂😂😂
It's 'Tej' and not 'Taj'.
S B Thankx I didn’t know how the Hell to spell his name Lol
@Gina Star, I laughed so hard and "Not a day one" comment knock me out🤣🤣🤣🤣
The reality is that he does have a good idea. 10,000 sales is no slouch. They never asked him about how the 10,000 were made either.
'Excuse me, I need change for a tenner'
Jenny: 'I'm out'
This is also my concern about the valuations. Because when investors pay the 600k, they would own 50% of the company that is worth 600k. But their investment does not go to his pocket but to the company in which after investment should be valued at 1.2M. So if now the investor owns 50%, it's equal to 600k. It's different when an investor buys the whole company because the money would be in the owner's pocket and not reinvested in the company. So I think this guy has a point. Please enlighten me if I'm wrong.
I totally agree with you. Honestly I cannot understand why the dragons don't see this. Maybe they are trying to get themselves a deal. Company is worth 1.2mil, they give the guy 600k for him and can have 50% of the company - no problem. However company is worth 600k, they add 600k of assets to the company, the company is now worth 1.2mil and they own 50% as they own 50% of the assets. I'm sure I saw an episode when the dragon said 'I'm paying 60k for my 20% meaning your 80% is worth 240k' which totally contradicts what deborah is saying here.
"I'd like a £50, 000 investment in my fishing business"
Jenny: "I'm trout"
"I'd like a £50, 000 investment for 60% of my library business"
Jenny: "I'm sorry. I'm not the Dragon for you...
...I shout"
I just discovered these videos and I'm genuinely happy that every comment is about Jenny. I've probably watched 80 clips and she is like a stale heel of bread.
Couldn’t any of the dragons properly explain the difference between a pre-money and post-money valuation?
Debra: Don’t call me Debbie
Jenny Campbell: Im Out..
that noise he made at 7:53 he sounded like an owl. that whole exchange he had with jenny was too funny bear in mind we all knew she was out anyways lol
did he say $20,000 for a bicycle ???
my bike was $130 and i have had it for 4 years now
you drop that kind of coin and you are BEGGING to have it stolen
I'm tired, I have work early in the morning yet still watching these clips 😂
I can't seem to stop watching these.
I’ve watched so many hours of this show that I think I’ve reached that point where I’m finally ready ... where do I sign to become a dragon?
I love how Jenny always look so serious. Especially at the start of every pitch people make. But I also understand that it's very hard to make up reasons why you are not investing everytime, so her face makes sense.
I’ve been binge watching these episodes for days 🙃😂
This was one of those episodes where I sensed they were lying and really just trying to be nice so he'd leave. Wishing him well, saying he has passion and knowledge in the field, etc...
Even if he'd asked for less I doubt they'd have given it to him. Especially after the valuation talk-over fiasco.
Not a great look when the person you’re negotiating with has no plans for the money, and can’t do basic math 😂
Yeah. Real shame because these lockers are everywhere now. He didn't need their help after all, but i bet it would have made his life easier. If only he'd had a plan for the money, i think they'd have gone for it.
He's quite successful. The company is worth £1.1 million now. It has no borrowings and £700k in working capital. When he said he didn't need the money he wasn't lying.
We have them now at my college !!!
Debby.
Oh. My. God.
He owes his life to her good humour.
He's really a good guy. I saw him biking down the M1 with a bunch of Bike Lockers attached to a trailer.
Guy is completely correct about the value of his business. The Dragons are confusing buying with investing. The money is going into the business, not into this guy's pocket. So by investing £600,000 you increase the value of the business by £600,000, i.e. with the investment the business is worth £1,200,000, so without investment the business is worth £600,000 less, i.e. £600,000. The fact the voice-over guy said this guy is wrong is the most frustrating part.
The sad truth is that I understand what this guy was trying to explain to them
yep, he's completely right. Deborah/the Dragons are confusing buying with investing. The money they invest is going straight back into the business, so by investing they increase the businesses value, something they're not considering.
@@akaakaakaak5779 His Current Value is not 1.2 million, he said himself his evaluation is for 500K with extra 100K put in by him, so how can he ask the dragon's to make a 600K investment for 50%?? Please help me to understand?
Tyson Bond I have no idea what you’re trying to say...
@@akaakaakaak5779 I had some grammatical errors there, but I hope you can help me understand now that I've edited. How does what this guy says make sense?
Tyson Bond The dragon's interpretation of valuation is the valuation AFTER they've invested and added £600k to the business. Before that investment, he values it at £600k. He made sense
The Dragons are so inconsistent 😂
Some poor bloke that's nervous forgets his figures.... torn to shreds!
Lunatic wanting money that has no idea what the f**k he's doing.... walks out with everyone having a lovely chuckle 😂😂
You can't tell me the rich aren't just as nuts 🤦♂️
underrated comment !!! the 'lunatic' is a good guy though, he deserves them millions
Having bikes stolen from me I believe this guy is the key to safe bikes honestly if it ends up being secure I want those things built and placed all around the place so no one can steal our bikes
Omg I’m seriously 😂 thank you thank you for the laugh
I'm actually on Jason's side on this one. The Dragons value the business solely based on profit neglecting Jason's $600k contribution. Jason gets confused where he says it's only valued at $600k- despite selling 50% for $600k making the business worth $1.2m. A $600k business that has an additional $600k in the bank is worth $1.2m, not $600k. I don't think it's that complicated.
You are right. He is talking about pre money valuation and they are talking about post money valuation. I’m amazed the dragons don’t seem to understand the difference.
the dude actually looks and sounds like he throw everything out the pram :D what a funny guy
Can you upload also the latest ones? (Especially Debra, tuka, peter, lalvani and campbell) Thanks...
Very apt that the title "I don't need money I need help" has a picture of Jenny Campbell accompanying it
He seems like a nice man, maybe he was just very nervous. Great to see that he is doing well!
I've seen these lockers quite a lot in London
Same, in Birmingham, they hold the rental bikes in.
same
We want more
“Debbie”😂😂😭
I know everyone here is talking about Jenny, but can we all take time to appreciate Deborah. I acc love her 😂
Jenny and this bloke would make a great couple.
The look on Deborahs face when Jenny is talking 'Yeah we all know where this is going....'
Seems like a good idea... Adapt for a tripe point locking mechanism and fold down shelving (for other types of items instead of bike..) with an 'app' for payment and keypad release system.....
Jason: I am making sense aren't I?
Everyone: no, actually, no.
If Jenny was on a foot, she'd be saying 'I'm gout'
WE GOT THESE in bristol college at college green campus. it was a ballache to get the bike in so i think this bit could be more robust of a part of the design. little bit of development and itl be superb
How could he not understand.... she explained it so clearly
Doctor--Congratulations you've just had a baby girl, what do you want to call her?
Parents - Jenny
Jenny-for that reason I'm out.
Jenny: I'm out and for that reason I'm out and I'm out
“He called you Debbie.”
😯🤣🤣
we had cycle homes at our trainstation as long i can remember in opladen-leverkusen ...
also i saw it for private homes better designed withoud the need to stand your bike on the backlights.
he should build his factory and designt protections for cashwinmashines , cause the casino managers will have enough money to buy the stuff.
I don’t think it was quite fair what the Dragons did to the Businessman.
If a company is worth 600.000 you can buy it for 600.000 but then the money doesn’t go into the company. If the money goes in the company, then the company after the investment is worth what it was before plus the investment. That is just common sense
Exactly! It's the dragons who need to learn how to count, not him.
600,000 to own half of the company means the companies valuation is 1.2M
@@dazz_in_the_now yes, but only AFTER the investor has put 600k in company account.
@@Pekz00r NO a valuation for a business is not just based on how much equity it has but many more things including projected sales, retention rates, company expansion etc. Someone can have a business running at a loss and still value it at a million $ business they just have to prove to an investor why they think that is 👌
@@dazz_in_the_now yes, of course. But that is a different discussion. They said he was wrong on how he calculated the post money valuation based on his pre-money valuation. If someone else would value the business to 600k is another discussion.
His only major error was that he asked for too much money and didn't have a clear idea of what he needed all that money for.
Is it just me or did Deborah's pupils tighten when she heard that he called her 'Debbie'?
Yeah if you look closely enough you can see her grip a combat knife in her pocket too
@@Prawnsly lol
"Don't call me Debbie" "Ok debiriah"
This locker is awesome for a "quickie"