The first guy this week asked for money on the basis that the Co. was worth £2 1/2m, but admitted that in reality it was only worth abt £1m.

Normal practice in the retail business, surely? Any shop will want you to pay top dollar, while, all the time, hoping that you won't see through the smoke and mirrors as the product is really only worth a fraction of retail.

His business is only worth what an investor (or buyer) is willing to pay. Yes, there may be some tangible assets like freehold premises, vehicles, stock, machinery etc that can be valued at easily agreed figures but rest of the business's value is intangible: goodwill, reputation, potential etc.

An investor might be willing to pay more if they see vast potential in it or if they are trying to outbid another investor. If no-one wants to invest, then argubly the business isn't worth anything, despite what the owner might think.

Try selling something on Ebay with a starting price of 99p. If you only get one bid, you've sold it at 99p irrespective of what you think it's worth. If you get two or more bidders, the item will sell for whatever price the winning bidder is prepared to pay i.e. what they think it's worth.

The thing with DD is that too many pitchers tend to over-state what their business is really worth. They look at it as what it is worth to them, not what it may be worth to an investor. That always, always, annoys the Dragons, especially Jones. This weeks guy with the Pro Gains pitch was a case in point.

I had a bunch of questions about that product too. How does power get to the guitar? Is it compatible with any electric guitar and amp? In which case what convertor does it have at each end?

How durable is the cable exactly? Since they've apparently only tested one. How did they make even the three samples if they can only order a minimum 10km (!) at a time? And as you said, how much would the cable cost? How many would they sell? (And wouldn't a wireless adaptor be an even better idea?)


I remember OS maps being available on fabric-backed paper to make them more durable. Expensive though.


Get hold of a proper 1:50000 or 1:25000 OS map, and look at it side-by-side with a Google map version. There is absolutely no comparison. The OS map will have a plethora of detail missing from the Google one.

(However I believe you can get OS maps online as well for a fee.)

This ones got me baffled.

It never ends well when they want to keep one business to themselves and get the dragons to invest in a new business.

Pointless business, every gift shop and their dog will be offering it when the technology prices inevitably come down in price

16 grand a year profit. Hardly a huge success.

Wowsers Hubba Hubba.

What is this "business" supposed to be achieving exactly

Touka really comes across as a deeply, unpleasant unscrupulous man.

40% is a joke.

Has he ever said another amount?. he always seems to say 40%

I don't know why he's on this show if he's not taking it seriously and just chancing his arm.

Always the same with Touker, he asks for a much higher percentage, everytime.

A thimble to fold paper, lmao!

Wonder if Debra will keep one for future shows after what she said? Hehe.

Yeah she loved it

He is just lying about the figures.

Oh dear, this ones not going well :/

Deborah does not appear to be a fan of Touker.

Is anybody? He seems to be a dick.

Drumroll for the pork scratching. These 2 are pretty slick.

Groan

There is a clue in why they've remained unchanged for 200 years lads!

Not so slick now when asked for a breakdown of the figures.

Oh dear, blew it on the figures.

James Caan is out for religious reasons.