All this for just 250k. In business that doesn't go far. Sugar loses credibility just there.
250k. a bit meh...
It is not only the money, it is the percentage in the equity which is attractive.
In Dragon“s Den you would be very lucky to get 250k for 50 percent equity in a start-up with no track record, no intellectual property, no patent... etc. So getting 250k in exchange for 50 percent of just a business idea (not a business in itself yet) is actually quite generous.
In Dragon“s Den you would be very lucky to get 250k for 50 percent equity in a start-up with no track record, no intellectual property, no patent... etc. So getting 250k in exchange for 50 percent of just a business idea (not a business in itself yet) is actually quite generous.
Originally Posted by tom_domutoa:
“All this for just 250k. In business that doesn't go far. Sugar loses credibility just there.”
“All this for just 250k. In business that doesn't go far. Sugar loses credibility just there.”
What experience do you have of setting up a business? By that silly comment, I think absolutely none.
I set up my business 12 years ago with the princely sum of £2200 from being made (voluntarily) redundant - just enough to buy a computer, a printer and a few other necessary bits and pieces.
I'd have bitten anyone's hand off for having over ten times that much, which is what TA is offering. And yes, I'm still going.
Originally Posted by tom_domutoa:
“All this for just 250k. In business that doesn't go far. Sugar loses credibility just there.”
“All this for just 250k. In business that doesn't go far. Sugar loses credibility just there.”
I don't agree. For starting up a business, it seems an excellent amount to me. Give an inexperienced person, particularly any of this lot, millions and it will just go to their heads and soon be spent. £250,000 is a huge amount more than most businesses start with. It's enough to make a real difference without meaning they start buying themselves flash cars, etc. There are some industries that are exceptions, but it's plenty to get you going in most privately owned businesses if you're good enough.
Originally Posted by UnrealityTV:
“I set up my business 12 years ago with the princely sum of £2200 from being made (voluntarily) redundant - just enough to buy a computer, a printer and a few other necessary bits and pieces.
I'd have bitten anyone's hand off for having over ten times that much, which is what TA is offering. And yes, I'm still going.”
“I set up my business 12 years ago with the princely sum of £2200 from being made (voluntarily) redundant - just enough to buy a computer, a printer and a few other necessary bits and pieces.
I'd have bitten anyone's hand off for having over ten times that much, which is what TA is offering. And yes, I'm still going.”
Hi, Francesca's maths teacher
It is over 100 times as much!
Doesn't Lord Sid charge his time out of the 250k and only open his wallet when he feels like it so its not like well done heres the cheque
Originally Posted by Maxatoria:
“Doesn't Lord Sid charge his time out of the 250k and only open his wallet when he feels like it so its not like well done heres the cheque”
“Doesn't Lord Sid charge his time out of the 250k and only open his wallet when he feels like it so its not like well done heres the cheque”
Thats true. But, like the Dragons, the real value is in the contacts and door opening. As Shuggs pointed out to Luisa - he can get her brand into supermarkets in a way she could only dream of.
