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  • The Apprentice
Congrats Ricky
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slouchingthatch
04-06-2012
Originally Posted by frally:
“I can't see why anyone would want to invest in a wine fund run by Tom even if he was backed by LS ; neither of them have a proven track record or even professional investment management qualifications. And if Tom was so good, he could launch a fund with his daddy's current company.”

No, he couldn't. The company is successful but relatively small (about £3.5m turnover pa, I believe). Tom said in the final he needs to raise £25m to get his hedge fund off the ground - which, in these terms, is still pretty small.

As I understand it, Tom's investment strategy for the hedge fund is basically the same as he currently uses to make his wine investments - and successfully so. That's his track record. Where he lacks experience (as does Sugar) is in the financial and legal intricacies of setting up the hedge fund, as was identified by Claude. But I know of at least one interested party (a friend of a friend) who has already expressed an initial interest in helping to do exactly this. You can't see why anyone would want to invest in Tom - but I know of someone who is. It may never happen, but there IS interest out there. And now that he has appeared in the final, even though he lost, the exposure will undoubtedly help him attract investors now.

Before The Apprentice, Tom was nobody to potential City investors. Now, because he has been on TV, he has some leverage - or at least awareness.
frally
04-06-2012
Originally Posted by slouchingthatch:
“No, he couldn't. The company is successful but relatively small (about £3.5m turnover pa, I believe). Tom said in the final he needs to raise £25m to get his hedge fund off the ground - which, in these terms, is still pretty small.

As I understand it, Tom's investment strategy for the hedge fund is basically the same as he currently uses to make his wine investments - and successfully so. That's his track record. Where he lacks experience (as does Sugar) is in the financial and legal intricacies of setting up the hedge fund, as was identified by Claude. But I know of at least one interested party (a friend of a friend) who has already expressed an initial interest in helping to do exactly this. You can't see why anyone would want to invest in Tom - but I know of someone who is. It may never happen, but there IS interest out there. And now that he has appeared in the final, even though he lost, the exposure will undoubtedly help him attract investors now.

Before The Apprentice, Tom was nobody to potential City investors. Now, because he has been on TV, he has some leverage - or at least awareness.”

But if his current investments are so successful, he should be able to trade on his track record to get new money.
From what I've seen, only a mug would invest in a wine "hedge" fund run by a 23 year old whose claim to fame is being the housewives' favourite in the latest Apprentice.
brangdon
04-06-2012
Originally Posted by frally:
“And if Tom was so good, he could launch a new fund with his daddy's company.”

I thought it was his company, that he set up on his own, and it prove so successful his dad asked to join it.

Regardless, the panel made it clear that finding the investment capitol would be hard.
frally
04-06-2012
Originally Posted by brangdon:
“I thought it was his company, that he set up on his own, and it prove so successful his dad asked to join it.

Regardless, the panel made it clear that finding the investment capitol would be hard.”

No, his dad set up the company in 1997 and Tom joined it in Sept 2009.
MrsWatermelon
04-06-2012
Originally Posted by frally:
“No, his dad set up the company in 1997 and Tom joined it in Sept 2009.”

He said in the boardroom he'd been running the company for some time before his father joined.
ellie1167
04-06-2012
Originally Posted by MrsWatermelon:
“He said in the boardroom he'd been running the company for some time before his father joined.”

Was a bit puzzled by the conflicting versions myself. I'm sure that on The Final 5 it talked about him joining the family wine company. Suppose he could then have started his own which took over from the family one.
Miles_T
08-06-2012
Originally Posted by friendlyguy2:
“Nick had the best idea but over complicated it with the recipe part. Jade's idea was good but lacking in detail and was targeting people who would be most vulnerable to cold calling.

Tom's idea was too risky in the present economic climate. Ricky's idea was unexciting but really if he's managed to employ and recruit hundreds of people in that field why does he need Lord Sugar?

The final and the series looks like a bit of a set up really in terms of going through the motions with all the other candidates and the final four.

I think they knew from week one that Ricky's experience and contacts would mean that he would win regardless of what happened.”

You're effing joking aren't you? a cold call farm, just what we need!!!! She was useless I could have put a better plan together in an hour, it was a terrible, child like, business plan.
brangdon
10-06-2012
Originally Posted by Miles_T:
“You're effing joking aren't you? a cold call farm, just what we need!!!!”

Although dubious morally, I suspect it would have made money.

Quote:
“She was useless I could have put a better plan together in an hour, it was a terrible, child like, business plan.”

I thought they were exaggerating how bad it was. For example, she did have costings, and knew how quickly she'd get through the £250k. She'd thought it though more than she'd been given credit form, even if she'd needed some help with the written plan itself.
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