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Investment money |
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#1 |
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Forum Member
Join Date: Jun 2011
Posts: 246
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Investment money
Not just about Vana, but is £250 grand really that much of an investment to kick start a business and see profit by the time its spent, also was the money always 250,000 from season 1
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#2 |
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Join Date: Dec 2012
Posts: 900
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Quote:
Not just about Vana, but is £250 grand really that much of an investment to kick start a business and see profit by the time its spent, also was the money always 250,000 from season 1
Is £250,000 enough? It depends what you want to do. Space tourism? Probably not. And as we've just seen, it is touch and go for an online dating site with innovative psychometric games -- not helped, of course, by Vana needing to buy in expertise because she could not write the code herself and she was not the one with the PhD in desire. But we heard from last year's winner, Mark, on You're Hired, that after less than a year he has 20 staff, 2 offices and a turnover of £1.5 million; Leah mentioned she is opening a second clinic. Not a bad start. |
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#3 |
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Forum Member
Join Date: May 2012
Posts: 21,729
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£250k is not a huge amount but depending on the business can easily be enough to kickstart it. If you are a young business person with an idea it's very difficult to get someone to lend you £250k on the off chance.
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#4 |
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Forum Member
Join Date: Jun 2008
Posts: 4,219
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Quote:
Series 1 to 6 had a £100,000 job as the prize; it changed to a £250,000 partnership investment from series 7.
Is £250,000 enough? It depends what you want to do. Space tourism? Probably not. And as we've just seen, it is touch and go for an online dating site with innovative psychometric games -- not helped, of course, by Vana needing to buy in expertise because she could not write the code herself and she was not the one with the PhD in desire. But we heard from last year's winner, Mark, on You're Hired, that after less than a year he has 20 staff, 2 offices and a turnover of £1.5 million; Leah mentioned she is opening a second clinic. Not a bad start. |
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#5 |
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Forum Member
Join Date: May 2012
Posts: 752
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£250,000 is certainly a much bigger amount than any budding entrepreneur is likely to get by going to the banks or venture capitalists. In fact, that was one of the sticking points with Roisin's plan last year; Sugar pointed out that she'd blow through the whole investment in just three or four months, and she replied that it didn't matter because they'd easily get another half-million or so from the banks based purely on the strength of the idea, which his Lordship said was delusional.
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#6 |
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Forum Member
Join Date: Apr 2011
Posts: 10,733
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For Vana it was more the fact that LS had dropped 250k into the pot was the important thing so she could get more investment down the road and i don't think LS fancied the sorting out of the paperwork with multiple VC people all with different agenda's
Joseph was easy, get him a few more vans and engineers and he'll be making more money pretty quickly and thats the point i think LS did see as Vana would of been possibly too far from the aim of the series "250k investment and a 50/50" |
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#7 |
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Forum Member
Join Date: Jun 2010
Posts: 6,547
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Quote:
For Vana it was more the fact that LS had dropped 250k into the pot was the important thing so she could get more investment down the road and i don't think LS fancied the sorting out of the paperwork with multiple VC people all with different agenda's
Joseph was easy, get him a few more vans and engineers and he'll be making more money pretty quickly and thats the point i think LS did see as Vana would of been possibly too far from the aim of the series "250k investment and a 50/50" Vana would have virtually no assets other than half developed software for an app |
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#8 |
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Forum Member
Join Date: Mar 2014
Posts: 180
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I would say that £250,000 would go a long way for a start up business; it has worked well for Leah's business for example which has had the most exposure of the businesses started. For Vana, it wouldn't have worked clearly; she would have been 50/50 partners with Lord sugar and then would have had to give away much more equity for further investment and would have ended up with very little. I've noticed she has launched an affordable wine business which probably would have seen her presenting a much more credible idea in the final. I think people would be more engaged in the final if there was a supermarket product or consumer business as people would see it and be interested in it due to the exposure on TV . In this case, from season 10, I really think Roisins ready meal would have done very well if the products could be launched soon in aupermarkets after the show ended.
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#9 |
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Forum Member
Join Date: Oct 2015
Posts: 5,853
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it seems to be enough for the winners to make a success of themselves and make good turnovers so I personally cant see why its not enough
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