Who else watched Dragons Den the other night

[Rowdey]

Careful Rowdy. Carbon Fibre conducts electricity.

Good point, although my drill would have already acted as the conductor..

Clearly my 110v RCD protected supply, and rubber soled boots would have saved me though.

Wandy thingy, my arse..

Rowdey you're amazing.

 

[Cian]

As a former potential target user for this I'd have stuck with my metal rods and making sure the end of the cable wasn't already f***ed and bending more than it should.

 

[skipper734]

I'am waiting to see her next product. Sends the cable down the cavity, to join up with the gizmo she showed the Dragons. Waiting to see how that works.

 

[jordanseagull]

but she did make more money per 1% of her business that she had originally asked for. So in the immediacy of dealing in the den she came out with a better deal than she went in to ask for. Long term may be a different story but i really don't think she'll give 2 bits...

Oh dear, I think your misunderstanding the business here mate. The money they ask for is irrelevant. They put the money there to say this is how much the business is worth. They aren't there for the money.

The reason why they go higher is simple. To keep 100 percent of your business that in 2 years will make £60,000, which is a big amount, is OK. But to only own 50% of a business worth £300,000 gives you £150,000, so it's the equity they are interested in. The money, really is irrelevant.