Originally Posted by barbar:
“If he gives 250K to Tom I think you can call it a dead loss. Tom just isnt a business person. Ideas dont make money unless people are prepared to pay for them.”
As Karren said, Tom probably had the most to gain from winning. It looked to me as though he'd taken the nail file thing a long way, and got it into some big retailers, so people do value it, but somehow he'd not made as much money from it as he should. I suspect people like Boots walked all over him much as Melody did. Now with Lord Sugar telling him what he should be asking for, and perhaps even doing some negotiations for him, he'll start getting more of the value for himself. Lord Sugar can help Tom and Tom's business from being such a push-over.
Quote:
“At the moment Tom's business is to help others with ideas and not doing at all well. So it seems he hasnt that many himself.”
Presumably, having patented the nail file and chair, he'd learned a lot about that side of development and was using it to help others and maybe make a bit of money. It was just an opportunity he had. It seems like he has ideas, but not much money.