Dragons' Den winner has £100,000 funding withdrawn
1–10 of 45 posts
Re: Dragons' Den winner has £100,000 funding withdrawn
#2I saw their product on Dragons' Den yesterday.
I found it rather surprising as I've bought similar bluetooth key fobs, from Aliexpress for around $1.40 each and they mentioned they where planning on selling them for around £20.
Re: Dragons' Den winner has £100,000 funding withdrawn
#3Too bad it didn't say why he pulled funding
Re: Dragons' Den winner has £100,000 funding withdrawn
#4The article didn't really clarify. Did they lose the funding mainly because the laptop was lost at Heathrow?? Was it because of fear their IP was compromised by the theft?
Re: Dragons' Den winner has £100,000 funding withdrawn
#5One of the things I learned over the years is that a deal (particularly an investment) hasn't happened until it actually closes.
Kind of tough lesson to learn, especially if you've had to parade yourself on a TV program.
Re: Dragons' Den winner has £100,000 funding withdrawn
#6The article didn't really clarify. Did they lose the funding mainly because the laptop was lost at Heathrow?? Was it because of fear their IP was compromised by the theft?
"The idea was born when one of the founders lost his travel bag" - this has nothing to do with the funding.
Re: Dragons' Den winner has £100,000 funding withdrawn
#7I saw their product on Dragons' Den yesterday. I found it rather surprising as I've bought similar bluetooth key fobs, from Aliexpress for around $1.40 each and they mentioned they where planning on selling them for around £20.
Probably why they pulled out. The show is a bit misleading. You can only go by what the people are saying. For instance, I'm sure at some point the dragon asked "are there any products like this cheaper on the market that do the same thing", at which point you can only believe their answer there and then.
I'm not surprised that he pulled out. Just wish my dad did the same.
Re: Dragons' Den winner has £100,000 funding withdrawn
#8The article didn't really clarify. Did they lose the funding mainly because the laptop was lost at Heathrow?? Was it because of fear their IP was compromised by the theft?
I think what it means that they got the idea for the tracker after losing the laptop, they didn't lose it after securing their funding
Re: Dragons' Den winner has £100,000 funding withdrawn
#9The article didn't really clarify. Did they lose the funding mainly because the laptop was lost at Heathrow?? Was it because of fear their IP was compromised by the theft?
Mate, it's too early to be drunk...
Re: Dragons' Den winner has £100,000 funding withdrawn
#10I saw their product on Dragons' Den yesterday. I found it rather surprising as I've bought similar bluetooth key fobs, from Aliexpress for around $1.40 each and they mentioned they where planning on selling them for around £20.
Perhaps that was the issue that arose during due diligence - sorry, looks like these already exist, the idea isn't worth pursuing after all.