"It's Ridiculous, This Isn't Worth A Million And A Half Dollars" | Dragons' Den Canada
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- Äas pĆidĂĄn 22. 08. 2024
- Siblings Tara and Chaunstin Fung are seeking an investment of $300,000 for 20% in UmbiSling. Their umbrella is designed so the user can wear their umbrella across their body instead of carrying it around when it's not in use. Almost halfway into the pitch, a storm erupts as The Dragons get fiery about the company's high valuation...
Season 8, Episode 5
#DragonsDenCanada #DragonsDen #UmbiSling
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This is the official channel for Dragons' Den Canada. An international sensation, which features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
500,000 for an umbrella and a strap
Her response: itâs not only an umbrella, Arlene, itâs a reservoir
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safe tp say the Dragons are right, their website doesn't even work, twitter not active since 2014
Hahahahahahaha
It's good to be confident. But over confidence can be a negative. This is a prime example. Stay humble.
Yeah but they were being rude to her common
That's the same thing that I said
@@Transparentsubs I doubt they would have been rude if she hadn't come in so abrasive and with such a ridiculous valuation. Good product or not, that valuation and her embellishments on the product's accolades were crazy
@@Transparentsubs Because she was tyring to commit fraud essentially
Sheâs the type to accuse you for judging her for not being smart while not being smart
Who else thought it was a Samurai sword at the beginning
Sheâs full of herself. Itâs never gonna take off, id take a $9 umbrella all day everyday mold or no mold
Or just get them for free at seminars and expos. đ€·đŸââ
There is a reason why people will not buy an umbrella this expensive, no matter how great it may be: umbrellas get lost all the time.
đŻ
â@@Nocturnalux $50! F thaaaat. It is pretty amazing when holding a quality umbrella though. It's night and day
@@HankHill1 And then you lose it, as it happens way too often.
Number 1) Having the umbrella on your back means you can no longer carry a backpack, something so many people carry on a daily basis.
Number 2) When you get on a train, a bus, or in a car etc. having a big umbrella is a pain, as there's not a lot of space and nowhere to put it.
Number 3) In my experience, most people prefer to carry a small, compact, umbrella, and as most people are usually carrying a bag anyway, they put the umbrella in the bag. My backpack has a side compartment for drinks bottles that also fits my small umbrella for instance.
It's clear they did no market research on this one, or they would've found all of this out with a few questionnaires, or by simply observing the general public for a few hours.
Most people would instinctively know these things too, so it's maybe an indication that they lack common sense, or maybe are blinded by arrogance/greed.
Excellent point
They lack common sense.
Meh...not necessarily. You actually can fit more than one strapped piece of equipment on your back at once. But it really isn't a very practical creation. So much for necessity being the mother of invention đ€·ââ
@@WestIndianAK You would really walk around with a backpack, plus this umbrella on your back? And find that effective?
It's literally a normal umbrella that you can carry behind you.. it's just another umbrella with a special carrying sling..
I thought the same. Blew her savings, reinvented something that exists and is plentiful, and used a bunch of paperwork to justify valuation. Absolute nonsense.
Looks like the company went under a few months after the show came out according to the company registration websites Iâve looked at đ
another victim of the self esteem movement
Plus, they weren't even in Costco. She was talking out of her ass. Oh and the kicker is the status of their trademark is abandoned.
Now they can invent a back carrier to carry the boxes after their company goes bankrupt
It actually wasnât a bad idea. I wouldâve bought one when I lived in Seattle. They were really brutal to her on this show. Honestly I wouldnât be surprised if itâs the reason she gave up. If I got roasted and told my product was stupid on international tv Iâd probably give up too.
@@carolinegallegos_ The product was really cool. I'm sure many people living in rainy places would invest in a high quality umbrella. But valuing her company at 1.5 million without making any sales or deals with big box stores? The roasting was warranted-- they weren't shitting on the product, they were shitting on her greed with regards to the valuation.
She's so impolite, arrogant and rude !!
@@Dislike_Count you must not have been taught manners.
Exactly. She's got a bad attitude.
â@@Dislike_Count she was rude. Terrible attitude.
She was just matching the sharksâ energy but okay.
@@Dislike_Count Yeah I get your point but they were tough for a reason, no sales with that valuation? That's just disrespectful, especially when knowing the investors value the opinions of consumers.
The ending when they play like kids is so cute đ
@J Money đđđđ€Ł
When she said North America but meant Canada, I got flashbacks of a former friend who was also a pathological liar. Stay far awayyyyyyyyyyy from that girl
Absolutely. She claims she misspoke, but they always misspeak in a way that flatters them, never the other way around.
$5 in a hobby shop and you could make your own sling.
âWeâre open to listeningâ as she interrupts a dragon AGAIN
I am 53 years old and have never owned an umbrellaâŠ.
It helps if you're living under a rock
is that supposed to be some kind of flex? lol You're missing out. They're very useful.
There is no way you can sell 500k
This is worse than spending 10k on modelling photos before getting a gig
She looks like a Ninja with that umbrella Katana on her back.
Thought the same.
Hot Neeenja
:p
0:40
Lol the sound effect and editor zooming in on this guy's blinking face is the funniest thing I've seen today đ. Bizzare.
"I made the mistake of saying North America when I meant Canada." That's a bold face lie. There are successful companies with products that sell that don't even get a meeting with Costco. So a company with essentially no sales is not going to get anything from Costco. Delusional.
A solution in search of a problem.
By far the most banter in a while in this episode LOL
She's got a bad attitude, no sales, and deliberately misleads investors. Wouldn't touch it with a 10 foot poll .......how can you only have 12 sales? I could get 12 sales in 15 minutes standing in front of any gas station on a rainy day. She didn't want to put in the work. No hustle.
I have never even seen a normal umbrella mold. Even if it does, so what
What made them think the umbrella needed the water demonstration? It was so weird.
Arelene agreed with that look on her face.
If they incorporated this into a backpack, it would make sense.
50 and 90 for an umbrella??!! She was snappy and rude.
I got a large umbrella in a sleeve with a strap, just like this, 15 years ago.
I love the Dragons energy!!!đ
It doesnât matter how better an umbrella might be, the price point make these unsellable. Umbrellas are the kind of thing that get lost all the time. Itâs not that big of a deal for a normal umbrella but something this expensive? Iâd feel furious if I lost a 50 dollar umbrella, and I am absolutely sure I would, because thatâs just what happens.
a 1.5 million dollar umbrella company without salesđ€Ł
@@raven4k998 Odds are they went to the show for the sake of the publicity but yeah, no way enough people will pay this much for an item that will almost surely get lost.
@@Nocturnalux yeah but still it's funny we have had 12 orders and we are ready for a million and a half dollar evaluation for our company that makes one item in three sizes I could do that one as well with your money of courseđ€Łđ€Łđ€Ł
@@raven4k998 Itâs absurd.
Did they actually demonstrated how umbrella works?
We just procured an order for half of Asia! Sorry, I meant to say Asia, Wyoming.
đđđđđ
She's too argumentative, for that reason alone. It makes you not want to invest in her business, it's like she always has to have the last word.
Real turn off!
Don't say that! Woke people will come after you saying you're a mysogynist for not liking strong independant argumentative bossy women.
I like when they get worked up and you can really start hearing those Canadian accents sing
The minute this ended she pulled out a sword and slayed the judges, but Kevin survived and joined the U.S. version.
It's like I'm watching Shark Tank, without the fun, and excitement, and life, the thrill, actually without everything that Shark Tank has
O wait, Mr. Wonderful is there
American version is overly dramatic at times.
@@nibblet321At least actual businesses go on there who have SALES
Bruce likes it because she is beautiful.
hahaha Bruce digging her, his facial expressions tell it all
Bruce easily sent her an indecent proposal after the show.
Her attitude turned me off so bad.
Just a quiver with an umbrella in it đ€Łđ€Łđ€Ł
I know where I would stick that umbrella â
One thing i learn, pitch on Shark Tank US for higher chance of getting a deal.
Much more reputable businesses go on Shark Tank compared to Dragonâs Den
Thereâs being passionate about your business and product.
And then thereâs just plain obnoxious, rude, insolent and impertinentâŠ. Ergo: the attitude this umbrella-girl showed.
When you look at the majority of the comments on this video, itâs clear that her attitude opens the door to a disturbing amount of nothing else than pure misogynistic comments.
âŠ.and whatâs even more disturbing: it seems like this girl is actually counting on these words; she is very aware of the fact that she is pretty and knows that she will get away with her rudeness just because of having a pretty face.
By doing so, she shows that she has no clue of the real issues that are a problem in society.
Misogyny being one of them, for that had been doing women wrong for decades, heck: centuries!
Men don't need an excuse to be overbearing or rude
It would make more sense to develop a universal strap for any umbrella, it doesn't need a storage bag.
She was very annoying.
My dad had an umbrella that was very similar to that when I was in Middle School high school. She didn't make anything new
Damn no one paying that
I saw something very similiar in Japan in 2011.
I only use a small umbrella and my wife is the same, it fits in her handbag, for me I just hold it
She smart, she came for the exposition. She have no worries about anyone not investing. Free tv comercial
I thought it was going to be something to pick up dropped coffee cups. Why would you carry 2 cups of coffee in with you? Not too smart
to look like commuters I imagine
This show is Canadian⊠and for that reason, Iâm OOWT.
...Jenny??
That was such a bad idea, plus i could see her in a meeting just going off the rails
When they walked in, I said to myself: They've got 7 sales for that valuation. They actually have 12 sales, so that's OVER my sales expectation, the valuation should be doubled. $600k for 20%, no problem.
The fact that they let her do the pitch proves itâs a bad company to invest in
I think most of us know who we feel most sorry for in this whole clip đ
Who đ€
The sweet brother of that annoying đ¶
If she wasn't so chippy she might have got away with it
The most arrogant person Ive ever seen on any Dragons Den. Disgusting.
If the umbrella comes with an attached sling on the inside... it might get sales
great point
why would that make a difference?
Are you her brother?? XD
She was shocking - arrogant and shocking
Her problem is that for her entire life, people have been telling her lies about how smart and how pretty she is. That sends her on a rocket to complete self delusion.
Maybe if the umbrella had a few more features such as flash light, or backup usb charger, or something else... ?? đ€
No no no no, whatâs next a microwave built into? Nobody needs that
Make it a Wifi hotspot đ
Sheâs horrible, so glad Kevin put her in her place
I feel the same. Bad attitude.
Sheâs fine as hell
Exactly. She's got a terrible attitude.
Mr Wonderful will always be my favourite Dragons and Shark Tank.
I love in China and just bought one of these on Taobao for 2 dollars, shipping included. Good luck to her.
Never had an umbrella mould âŠ
Half of North America doesnât value an umbrella..the way Vancouverites do.
Was one of the rainiest places in North America before they chopped down half the trees and decreased the humidity.
Theyâll have to do their next focus group in Scotland for this product
"Write her a check" đ€Ł These group is too nice compare to Mr Wonderful, bat least he keeps it real.
"I'm okay folks....thanks to my OmniGogs!"
Investors fund cashflow, not great ideas. No matter how smart your product is, without sales it will be almost impossible to get a deal.
Not for a common customer..not at all..
It's sad to know they have spent $500K for development but with no real business plan. How many would they have to sell just to get out of debt and make a profit?
Cool-looking product, just needed sales.
There's an umbrella with a katana handle that comes with a sling so you can look like a ninja as you're walking around with your umbrella.
yeah, we all watched the umbrella when she turned
:p
I have never brought an umbrella that's more than $4. I can tie a strap to normal umbrella and use it that way but fok.
Iâm curious if theyâve done testing to backup their no mold claim. her answers had me raising some eyebrows personally.
The bag is the only thing I could see have some kind of potential if itâs unique or patented (and works). The rest of it is stupid. Just get a smaller one and put it in a bag or purse. Who wants to be slinging an umbrella over their back?
These sharks are making very good points.
1. Exaggerated/Bragging - Please be more specific when you said half of North America. Yes, it is true that Canada and US occupies more or less half of the land area of North America, but without specifying that your so called "half of North America" is actually referring to Canada, you are tricking people to think that you are talking about the US, because these people are in the US and the you are an American. The sharks are not stupid and you can't trick them with ambiguity.
2. No sales number - You invested 5 year of time and 500k on a product with no sales, and you can't just walk in and thinking that you idea worth $1.5m. Yes, it can be a great product; Yes, the focus group people love it, but these aren't actually sales number.
3. Arrogant/Overconfident - You can speak with this attitude only if you have sales figures to back it up, otherwise, please be humble and don't pretend to be humble.
I liked it and could see why people would use it before I heard the price. No way thatâs worth $50-90.
Her confidence bordered on psychotic
Why are the šdragonsš such a bunch of kids compared to the UK version?
The entrepreneur is a hell of a lot more professional than most of these big babies. Why doesnÂŽt that one fella shut up when sheÂŽs answering his question?
We sold a dozen in 5 years , did you and your brother buy your own product ... lol - What a joke
So basically an umbrella this was done before.
So mean , Mr wonderful = Mr poopy pants
Her Attitude isnt good for a partnership she likes to argue!
There are umbrella with a built in cap that covers the umbrella in Asia. Sorry but there are already products like this out in the market
Basically they only invest when your already making money and donât give a shit to build a company with anyone. These people are greedy as it gets folks
They were dishonest and itâs a piece of crap umbrella. It went nowhere and I never saw it in Canada and iâm in Eastern Canada.
It looked like a nice umbrella. But I lose umbrellas, so am unwilling to spend more than $20 on one.
WILD episode! Loved how she stood her ground hard! If this doesnt work out she should consider politics. She would make an excellent press secretary.
The company is out of business. She would be a terrible press secretary because she has a bad attitude. She'd never make it in politics because she has no hustle.
@@michaeld4137 agree to disagree. I wud agree business is not her thing. But not sure where your getting she doesnt hustle.
@@MrBrad777c - not sure where I am getting she has no hustle? Bro....she sold 12 umbrella's. TWELVE. I could sell that in 1 day standing outside of a gas station in the rain. Come on man get real.....anyone who only sells 12 of their products is NOT hustling.
The biggest scam in Dragon Den $500K and No Sales đđđ
4:14 these guys are arguing and I am hoping this lady doesnât open the umbrella in her face. Guess what she did exactly that
The only way Im buying that umbrella is if she came with it
Ive never used an umbrella
Lack of credibility, they are just interested in recuperating the money they had wasted.
Umbrellas don't work. I just use a light jacket
i would buy this i have bought so much cheap umbrella that did not last
Bruce really made himself look like the jack wagon he is here.
She's beautiful!
Umbrellas get lost all of the time. Would not invest in an expensive umbrella.
The cringe climaxed at the end with her repeating "Make us an offer, we'll discuss it".
Did they ever make any money on the umbrella?
Hang on, how is this named Dragon's Den like the UK and not Shark Tank like America?
dragons den came first. when they launched a US version they came up with name Shark Tank.
Iâve tried to watch dragonâs den but I just donât like it. I canât put my finger on itâŠ
Is that Kevin đ so he is a shark and a Dragon. Shargon