Peter Wants to Know the True Amount Behind Fathers’ Investment | Dragons’ Den
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- čas přidán 13. 11. 2020
- Next into the Den is father-daughter innovation i-stay. Launched in 2012, the i-stay is a non-slip shoulder strap for bags and rucksacks which is patent-pending and can clip onto any bag with d-rings, the duo seek £50,000 in return for 10% equity but are the family ready to bring an outsider onboard?
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 #Falcon #CashInjection - Zábava
Whenever I see a product that begins with “i” that’s not made by Apple, I immediately think of it being sold for a few quid from a rack in the middle of a shopping mall.
So true
yeah, like intel
@@ifwecouldvote lol, my Intel 9900k is a beast
@@thealien_ali3382 doubt
Yah, and all the thrift stores.
When Peter asked about the fathers successful business I was thinking he was going to try get a piece of that
Oh, he wants a piece 😉
So did I. It's the common Peter's approach.
@@ifwecouldvote racist
@@dontdex8221 ?
@@finndegraaf2707 i meant sexist
*entrepreneurs: iStay
*dragons: iMout
Or isn’t that Jenny’s company?
Everyone should have a dad like this - print money and hand it over without counting
I believe the term they want to use is Sugar Daddy xD
If only there was a way to transport things instead of having to carry it! i cant wait until the wheel is invented!
@@jerbsherb4391 He’s her real dad.
That is not what printing money and handing it over means , daffy. he invested in his daughter and they are on the route to make a profit or did you miss that
Peter Jones-"How much does Falcon make?"
Pitcher-"Its none of your Falcon business!"
🤣🤣🤣
Nice.
Haha
Class
Just watched a programme about French philosophers. I'm glad I did because until then I knew Foucault about that subject.
Dad just giving daughter everything she wants. He doesn’t care if he lost £120k or £220k
If she's his only child you can't blame him....
Surely you should still at least write the number down!
@@edwindsouza8816 yes you can
@@queenjeski591 no you can’t. It’s his money, why you being nosey on others business?
@The Blazing-Splat lives of his £££ while been a bum
The reason that she is still positive at the end of it is because she still has daddys account to fall back onto. She's living a fairytale.
Not her fault and also at least she is doing something herself
@@yeeee6184 The point is that it's so much easier for her. Money talks, you can't get away from that
@@netweed09 ofc its easier but i dont know why u would blame her for having the privilige of rich parents. u can say the system is unfair but nothing she did wrong. U could say nearly every body in the first world is living a fairytale because they have privileges people from third world countries dont have. Of course thats unfair but its how it is
Should she give his money away or something?
@@yeeee6184 Erm. Could you pls quote me on where I 'blamed her'?
But rest of your comment is fair, I understand it
"Father uncertain how much he's pumped into daughter... " so glad i clicked the video to read the rest of the title lol
😂😂😂
Perv lol
He can always try his hand at something else now stage name shall be daddy gallon
I was almost out before I was in the daughters...... business
Just about to make the same joke! Great minds..
Daddy's girl. He doesn't care about the loss, he still bankrolls it because he's giving her everything she wants
He shouldn't have just thrown money at her daughter's business like that. Throw it at her education, make sure she knows what she's doing, SHE should have been the one giving figures and answering questions, not her dad after 3 years of running that business. Peter was on point here.
Starting right in there getting your hands dirty is the BEST education you can get! I applaud them
@@zach.bashir in some vocational jobs like plumbing and stuff yeah, but you wouldn't do that for teachers or doctors, you need a level of education first. She didn't even have the baseline.
When it comes to business, experience is a better teacher than education.......but the Dad held the daughter's hand so much that she wouldn't have experienced anything really
This is better education that she is ever going to get than University scams
She probably did, she sound’s educated
Peter at the end said what the father was afraid to say to his daughter.. Lol
Plot twist: The dad's company actually turned over 120k and made a 1.75m loss.
😂
@@LivingLifeFastLLF hi Ricky. Good to see you here lad.
@@LivingLifeFastLLF man like Rickyyyy
I s'pose either way... as long as it works for them! :)
Hhhhhh
This one really hurt my head 🤦♂️
Wow man, are you the one who went out with the MMDA?
Well ur head is not big enough to observe more information
perhaps you owe some money to Volkan? ;)
Same
@@DakilangPinoy MMDA?
Sarah is spot on, no way would they listen to any investor that was outside of the family.
How do you know that? She made a dumb assumption and likely most of you have no clue about how investments work since if she had invested, she would own preferred shared which carries a higher voting rights than common stock.
You see, an investor can leverage the investment by putting a clause in it, that even though they own less of the outstanding shares, their voting rights are equal.
What she said would make no sense in most companies since they are owned by people who would have had an established relationship before she came to the table. Small time investor trying to find an excuse not to invest. what if the company was owned by two friends or coworkers or a boy friend and girlfriend, wouldnt the nonsense she claimed still apply ?
The notification on my phone read “Father doesn’t know how much he’s pumped into daughter.....” 😩 I had to hide my phone in case I was labelled a perv
Haha wife would have been like I'm taking the kids and moving in with my sister you sick man
PUMPED INTO
Haha top stuff
Lol
@@sirwhooshingtonthe3rd706 his wife loves it
I love the way she says it's a daddy daughter business but she literally hasn't got a clue about the money, stumbles in the first 5 seconds of talking and then stays completely silent 🤦🏻 so basically daddy's doing everything and she's hoping to reap all the reward 🤣
Better than the ones who talk but know nothing about the business Haha
@@katherineminor3402 i assume you're referring to OC up there. What made you draw that inference? They made a valid criticism of the performance of a partner and you made a baseless ad hoc attack against someone on the internet. Did it make you feel better?
Sure... But he didn't know how much money he'd put in either
@@ArcaneAnouki Pretty sure she just meant other entrepreneurs on the show, who are looking for an investment, don't know anything about business but keep babbling about. While there are a lot of trolls on the internet, not every comment is meant to be negative 🙃
@@That_Jake we may never know. I did explicitly announce my assumption.
“I-stay... goes.” Lord have mercy
Lol wish he would stfu sometimes
@@khandadonb111 sometimes?...he's a very good broadcaster, but completely superfluous here.
@@HIOP0 this is one of those times
@@khandadonb111 Indeed, see my original post above... 👆
@@khandadonb111
@@
Dad’s face after the daughter say we will still gonna do it🤣
the spending continues....
She's going to destroy her fathers retirement money.
Yeah, but at least she's trying to do it with a business idea rather than spending it on clothes, cars and going on expensive holidays. She may get better at business in the future which tbh, her dads helping her to do which is a great thing. I wish my family gave me the support I needed to make my idea's become a reality.
@@aaronlomax6102 Why are you like this?
He's gonna go broke after she's wasted all his money 😂 good luck Mr chowhan 😂
@@ashleelmb This does not help. She has to do things INDEPENDENTLY.
Theo would think it evens out, because it’s her inheritance money anyway.
This video show us how is the important to understanding and studying the concepts of finance and business before joining it as realty
Yep
I think your downplaying the reality...what we see is an edited pitch which probably lasts for up to 3 hours edited down to 10 minutes...the pressure plays its part...I bet if they sat in there office with a coffee with a dragon it would be a different conversation altogether
@@craigconnell8234 they don't know their own figures so I really don't think it be any different with a coffee lol
@@craigconnell8234 i think i heard somewhere that each person is there for an hour to an hour and a half (at least in shark tank), but your point still stands!
I hv understood the problem. They hv stock left which they r accounting as Loss when actually its unsold inventory, which wud be an asset in their balance sheet
Haven't seen much of Jenny lately. She should get out more.
I know, I know, they go on forever. Don't let it ruin your day.
Ayy
They agreed to stop wasting time since all she does is declare herself out she can make investment decisions from home with even look at them
I’m out
10:51 when you can't recall the man's name so you call him "father"
'Jon'
The girls looked so confused and concerned it was hilarious.
Nick was spot on. Very easy to replicate once other companies see it
I wonder what the patent is for. The shoulder strap has been around for years so comfort, durability and non slip aren't new. The air flow part is what I haven't seen which honestly I don't care. Maybe people who live in extreme hot weather do.
Peter smashes it again with his response
The dad probably inherited his money too by the looks of it.
Top comment!
And the accountant smiled and ran away with hundreds of thousands of pounds because they'd had no ideas about numbers and figures.........
I thought I've forgotten to use incognito mode when i was searching videos last night 🙆🏻
😂😂
Daddy is the ATM in this business relationship. They loose more money then they make, but at least his little princess has a hobby LOL!!!
I felt like I was back at school with my maths teachers and other support staff trying to all teach me in different ways how a problem can be solved. I actually started sweating for them
Words of wisdom from Peter at the end 👍🏼
Rich parents writing blank cheques for their little princesses business venture
Don't be so bitter, dad helps daughter setup a business to set her on her path, sadly the daughter doesn't know enough about business
@@jonathanm2690 Didn’t come off as bitter to me, just the situation here. 🤷🏾♀️
@@jonathanm2690 Her dad cannot add up & has zero idea how much money he has thrown at it-what a disaster.
Hate to say it buy you’re not wrong! The daughter looked so embarrassed when the Dad realised what had been going on!😬
@@Hi-kq1vi That maybe so, but can guarantee he is more sucessful than the commentators here. Where is your million turnover company?
The fact that it's apparently a father-daughter business and yet father did most of the talking after the demonstration makes me think this is a business where the father is real leader and the daughter occasionally helps as a salesperson.
Or she just doesn't have much confidence
Father owns and runs the business, daughter ain't bad to look at. That's the father-daughter business structure here
Sarah "I'm sat here" Willingham
That title got me thinking I was on a different website for a second lol
As a poor person, I've just sewn some of that non slip matting for the kitchen to the underside of my purse strap. Works a charm!
How poor are you?
@@joedwyer3297 I value your business at 3 million dollars
I wanna see Falcon's balance sheet 😂
2 episodes within 18 hours... this is a blessing...
@KonaGaming Bud, I don’t think I really needed to know...
Daughter at the end: we JUST let us down on the numbers. Throws her dad under the bus. Fails to realize her presentation was weak, she isn't involved enough, and it's her responsability to know the numbers. Lazy.
This is the price you pay for spoiling your daughter.
Nobody really buys a strap by itself, people just put up with the strap that comes with the bag. Plus it matches the bag.
I was quite shocked by this title today until I saw the word business at the end 😅
Lol 😂
Same
Yuck
Inappropriate use of the word "pumped" 😂
😂😂
I like how the Dragon tried to explain to them in different ways.
Peter going savage mode III 😭
Father must have thanked Peter in his head. Only reason his daughter was there was his money! She needs to prove herself first in an open market, earn her own money than learning her ropes at the cost of family resources!
She seems so nervously hiding something. Looks like she's really worried her dad is going to spill the secret.
Ye sounds like some shady funding or something
I wish everyone id met in business was like Peter Jones-he gives it to you straight, cant ask for more than that.
One of the great things I somehow retained from school was a quick, accurate and effective ability to handle basic numbers.
It is MIND BOGGLING to me how few people can handle general math.
Looks like i-stay has ceased trading, but funnily enough Falcon is still going strong
Peter always make his reality check
Did some digging, i-stay is not a separate company any more. Daughter is listed as a director at dads bag company and dads bag company is appears to be on the decline looking at yearly financials that were available.
Pandemic
This is how I figure most “self made billionaires” get their start.
I got ' Father Uncertain How Much He Pumped Into Daughter's Bu...' which is even worse lol 😂😂😂
me too, was disappointed when i read the true headline
they change the tiltle
@@luisvega666 The Bar Stewards
I always wait in a stated of fascinated morbid curiosity when I think Peter may be on the brink of ‘drilling down’.
11:28 that little wave, so adorable ^^
:) 💁♀️🙏💪
Great advice from Peter
130k in the hole, plus all daughters out of account expenses he will have funded.
5 years later, from just trading.
Wow, cheaper to give her a job as his PA.
@Bumba Claat LOL its sick but probaly true
@@whoasked7192 I would still be giving her a bath if i was him!
@@binarysignals9593 😂
Deborah’s look at the end says it all.
Uploaded 14 minutes ago? How did you know I started making breakfast and would want this to enjoy breakfast to?
📂 JENNY
└📁Investments
└⚠️ This folder is empty
lol
*ERROR 404 NOT FOUND*
@@rillsin1935 you see yourself everywhere because it's your channel you clown.
Bravo!
That lil wave at the end was cute lmao
Lovely people but definitely needed a better grip of their business's finances to stand any chance of a genuine investment
Are you competing for the job of Obvious Voiceover Guy? 🤣
They were trying to pull the wool over the dragons eyes
By 'better grip' do you mean to say, umm....the 'i-stay' grip? 😛
Peters advice was beautiful
Don’t worry daddy... just give me the card...
Ok honey...
Don't you just love entrepreneur's that are strapped for cash but haven't a clue how it all slipped away (pun intended).
I can't believe no one picked up on the istay strap being useless because you can just opt to wear a regular strap cross body to prevent the strap from slipping. Thats it. Problem solved.
Nick Jenkins was absolutely right about the idea being basically a commodity as well.
Nah, I loathe wearing cross body straps; makes me feel 13 years old. I have narrow shoulders. Bags constantly slip off. I can’t understand a business person like Sarah just thinking ‘well, I don’t need it so therefore nobody else would either.’
Yep, the obvious. Also, I was buying/using rubberized strap pads long before they came up with it. I just have to shake my head sometimes.
Cross strap is uncomfortable
when I ran a search for "pump into daughter" this video popped up. what the hell.
Df was you originally looking for 😂
it´s astonishing to see how many people are in business and they are so bad with numbers. honestly, it´s mind boggling.
The guy has no clue how he funds his business.
You may be surprised how common that is.
It amazes me because over life idc how little or big amount of money I’ve dealt with, I’m always knowing where every dollar is going. It’s not hard.
@@lupomagnotto8306 That's because you're dealing with pocket change and not big numbers, sonny
@@NiKtHeB0Ss it’s funny for you to assume what kind of numbers I’ve ever dealt with in my life, far from pocket change “sonny”
Also, numbers are numbers. Add some more digits in there if you want, still doesn’t make but the slightest of difference.
@@lupomagnotto8306 Defensive much? 😂 All I'm saying kiddo, is that a guy with no money claiming how easy it is to count money, is like a guy who no one wants to shag, complaining about how easy it must be to be a faithful husband
This is all good and all. But I sincerely hope she isn't flexing on insta and social media that she's some big time entrepreneur. If she's lowkey doing all this without rubbing it in to friends and families faces I'll have a lot of respect for her. At the end of the day daddy's money their to be spent by his children but there is nothing worse than show offs that rub it in.
No offers from the dragons, but a lot of young women now calling him daddy & making him offers.
“Which means IStay goes” so funny
Dont take a wage when you're running a startup, plain & simple. Greed screwed them up; if a business isn't profitable, don't take money out of it. If you can't take the pain, don't start the business; if you want to be paid, work harder to make it profitable
Are we still doing Jenny jokes? - Ah good.
Jenny: I sometimes have to say things to people without making a sound.
For that reason.... I mouth.
It's not good at all. They're boring and overused.
Of course we're still doing Jenny jokes. They're outstanding.
The daughter doesn't even know what's going on she barely could give a presentation!
Peter was very nice to them 👏
its actually easy to see why their are confused. CPA here - non-accountants often do their accounting using a cash - basis, so they only look at the change in cash on hand and mistakenly confuse it as profit/loss. This is where they are getting to the $3k in cash balance after year 1, so they spent 97k from the 100k initial. We dont know how much is expense, since the dragons didn't ask about change in inventory or other assets. Year 2, their answer tells me they are reconciling with their tax returns or a financial statement they dont understand, and you can see the confusion on their faces. The accountant would have collected other expenses claimed that did not directly flow through the bank account, such as bad debt, milage, depreciation, etc. Thats likely where the 22k loss figure comes from, or it is adjustments to retained earnings that the accountant would have made for their other contributions to the business.
I love their bond as father and daughter
I must say I am very impressed with the Dragon's reasons for declining investment. That is the reason they are millionaires and we're not.
I would argue that it's common sense not to invest in a company that made £100k losses over 3 years and is owned by a girl who was pumped by her dad.
Basically why I watch it. Nick Jenkins looked five years into the future and sized up the competition. Peter realised who she was and her life path. Very clever abstract thinking.
Peter telling it how it is.
Touker's face looking at it as if he is holding a rotten fish 😂
The daughters shady
Jenny has one on her bag becuse she is always out! x
They should have licensed this through other bag companies. Also this guy is probably getting scammed if he doesn’t understand the numbers.
It's his daughters business
His main company as a whole is worth 5.2M and the family looks as if it owns the factory these bags are made in...if you go and look at his father he looks to have done extremely well so the guys sitting on 10M in his personal account at least. So I doubt he is getting scammed.
I doubt they'll be interested in licensing. They can design their own straps and make a minor tweak to avoid patent infringement.
Loool @6:40 ohhhhhhhh !!!
If Deborah was my mother in law i would be a great long distance runner.
6:08, Deborah's face 😂😂😂
Touker is always trying to break stuff 😂😂
How does the daughter help in the business ? Because she clearly doesn't seem to know the business or the product or the financials 😆
Typical family business where Father helps with everything.
Love it when people come in the Den and think, the Dragons were born yesterday. Good escape for the Dragons on this deal.
Looks like I-stay is now a brand within Falcon. Comes up Dormant on Companies House
Anika should be a super model, she will make a lot of money. She is stunning.
The fathers company is "Falcon International Bags", a multi-million pound luggage manufacturer.
Aight. Imma do it. Imma simp. Get me one of them straps
That's nice....
Fathers’ ?
How many fathers does she have?!
They've made similar attachments for decades.The only way it could make money is if it was about recognizable brand,- which is still pretty dubious.
Wished they watched a single episode of DD before coming in. Made sure they're clear with numbers.
I had to click on this to see the full title, because youtube's thumbnail shortened it to:
"Father's Uncertain How Much He's Pumped into Daugther..."
Ayyy yooo
I bet she blamed no dragon on him for confusing the numbers. Anyways the product will be copied in a week
Big dip
He obviously lied about the income for tax ovation that’s why he declared a loss so pay nothing .
if this works whilst wearing a rain coat I am sold!
A perfect strap for mail carriers.