Dragons’ Den Season 3 episode 1 review

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(Cross posted at Kempton with possible additional readers’ comments)

The following are my brief reviews and comments on the Dragons’ Den Season 3 episode 1 pitches/ideas. The lead-in description sentences are from CBC.

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The Dragons’ dynamics between Arlene, Brett, Jim, Kevin, and Robert works out nicely.

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Fit 2 Touch – by Peter Pereira and Edna Melculj from Mississauga, ON

They are personal trainers who were making a workout DVD designed for couples when they ended up falling in love.

– Asking $100,000 for 50% of business. $24.99 per DVD. Sold 300 so far.

The couple are cute to look at but cute couple doesn’t mean there is a viable business.

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KickSpike – by Darrel & Colleen Bachman from Penticton, BC

They have invented a golf shoe which solves the problem of ruined greens due to spikes.

– $1 million for 10% of business.

– Entrepreneurs claim to have obtain a solid worldwide patent.

* Final deal is five dragons split $1 million for 30% of company ** contingent ** on the entrepreneurs getting a licensing deal.

* I want to make a special comment on Brett making an initial deal of 25% and the discussions that came after. Ultimately, Brett asked the entrepreneurs if they would let him off that deal and have a new deal with all five dragons for 30% of the company, a potentially better deal with more expertise. It is important for Brett and I think it is the right thing to do in asking for the entrepreneurs’ release.

* Now, this deal is “contingent” on getting a licensing deal first. To me, it is very close to a risk-less “investment”. There is no investment, no money down, when there is no licensing deal.

I won’t mind investing $1 million for 30% of someone’s lottery tickets ** contingent ** on one of the ticket is a winning $30 million ticket. :)

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Kuli Kuli – by Pedro Baquero from Toronto, ON

Pedro invented this booty-shaking game after watching videos on MTV.

Big smile but not a business at all.

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Bee Gone – by Tom Filler from Kitchener, ON

Tom has come up with a unique approach to getting rid of bees.

Asking for $50,000. No go at all.

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Pizza Pak – by Ron Fisher from Toronto, ON

Ron has designed a plastic pizza case that would replace cardboard boxes and help reduce waste.

Asking for $500,000 for 50%

Unworkable idea. Not worth my time to review and critique it. Jim said it all, returnable pizza box is a no go.

Very sad that Ron just doesn’t get it even Jim gave him a straight forward critique.

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Wrinkles – by Shari Petro from Milton, ON

She has written a reality book for kids from the perspective of her pug dog, Wrinkles.

* $100K for 30%

* Oh, no. An entire business empire based on the dog Wrinkles. No go. Forget about it. Not really a business.

Kevin is toying with the entrepreneurs, as he likes to do it sometime. Bad habit dies hard, I suppose.

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The Litter House – by Daniel Dykens & Robert English from Orangeville, ON

They have created a deluxe cat litter box that keeps mess & odour contained.

– $100,000 for 10% of business

Cute cat. But simply bad business. Worked on it for 8 years? a cat house for $80. Not a good use of time.

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Hybrid Backpack – by Aphirath Vongnaraj from Winnipeg, MB

Aphirath has invented a backpack which can be attached to a bicycle.

$2 million for 30%. No good. And just bad.

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Softshell Computers – by Raul Rupsingh & Steven Breath from London, ON

They are software engineers who have developed an interface for seniors to send & receive email & photos.

– 200K for 30%

– Touch screen. User interface. Beta tester use it for 10 months.

– Arlene, Jim, Robert – 200K for 50%. They’ve got connections.

They see a business in this but I don’t. I guess thats why they are investing in it and I am not. :)

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One Response to Dragons’ Den Season 3 episode 1 review

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