"Do You Understand What Gross Profit Is?" | Dragons' Den
Ойын-сауық
Chris and Forest are seeking 45,000 for 12% of their product Fixits.
Season 20, Episode 10.
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #BusinessPitch #Fixit
Пікірлер: 314
Honestly. If i was going onto dragons den i would watch so many episodes write down every single question asked and have an answer ready
@stuartball913
Ай бұрын
Honestly?
@WattzOrJerk
Ай бұрын
@@stuartball913honestly is the best policy
@thomasbelassie
Ай бұрын
That requires work and humility
@danielwalton555
Ай бұрын
No way bro
@Essex007
Ай бұрын
Yep, and they’ll still ask you something you didn’t think of 😂
Steven 🧠: Can I sell this on Tik Tok? Steven 💡: I'm in
@hubbzyx
Ай бұрын
Can't blame him at all but god it's boring
@Private722
Ай бұрын
@@hubbzyxand then he proceeds to bully Touca
@peauntbutterxboy93
Ай бұрын
@@Private722shut up and cry
@fosfeen
Ай бұрын
@@Private722lol, yes exactly
@sparklingwater1430
Ай бұрын
@@Private722oh give off touka is the bully in the den
I miss the indepth questioning like in the past, which was always interesting and educational. They would question the durability of the product ( how sturdy is it, does it get affected by sunlight), practlcality ( once used, how to get it seperated from the broken product? Not all products can be put in hot water), the convenience of it vs alternatives (dependable of hot water, time to melt it, mold it, harden it), the protectibility (can you protect this product?), etc etc.
@wge621
Ай бұрын
It wasn't even worth getting to that stage imo. They clearly aren't making money and while it's possible to imagine some uses, it doesn't seem like a very useful product.
@user-zp4hs9kn5s
Ай бұрын
You need to watch the full programme for that
@simonmcintosh6565
Ай бұрын
Well question one shows it’s not protectable. It’s not a new material it’s just a new use they’ve identified.
@TheManInBlueFlames
Ай бұрын
They still do it but trim it down for TV, so like the best moments.
@Rizwaan122
Ай бұрын
Now it's just "is it instagrammable"
This feels like a early 2000s product
@Martin-bx1et
Ай бұрын
It is!
@mastergraphic9998
Ай бұрын
Polymorph plastic.. had it years ago. Nothing new here
@alanahr5
Ай бұрын
Mighty Putty.....Billy Mays
@dianefields6056
Ай бұрын
Sugru? Or something like that. Except that once it was cured there was no turning back,which is what you want.
@KemalAhmedIsAwesome
Ай бұрын
I had sugru but they didn't say we could re mold it with hot water so I had to throw mine away
These would be perfect for holding up a Flow Signal
@scootsmcgoots
Ай бұрын
Hahaha. Well done.
The whole time watching this I’ve been trying to think of a practical use for this stuff. They didn’t give a single specific example of what you could “fix” with it
@esseven
Ай бұрын
same it is literally useless to me
@cindynewman902
Ай бұрын
They did show some images, but not a lot.
@thomasdalton1508
Ай бұрын
They showed it being used for fixing glasses, which I'm not convinced by. That would only ever be a very temporary fix. I wouldn't spend £3 on a temporary fix that could be done with tape for pennies. I can't see anything that this would repair well enough to justify the price they are selling it at.
@winonarose7488
17 күн бұрын
@@thomasdalton1508they also showed it on keys, but like thats not fixing it? You dont need a rubber holder for your key, so like… wut?
@thomasdalton1508
17 күн бұрын
@@winonarose7488 To make the key easier to grip? Or to make it easier to identify? It would really help if they gave us a clue...
"The hotter the temperature, the softer it becomes." Wow, such wisdom.
@mad-cyantist3159
Ай бұрын
So u can't wash it or leave it in the sun...
@kingzippythethird
Ай бұрын
It's the opposite for me though! LOL
@deepmystic6739
23 күн бұрын
Not if it was an egg Logic doesn't apply then does it
@commanderkeen3787
13 күн бұрын
Just don't fix the wheels of your car with it and then go for a drive on a sunny day 😂
They aren't inventors. The product already exists. Sugru. Sold in hardware stores.
@rickeh9070
13 күн бұрын
My first thought, not sure when this first aired but sugru has been around for ages now.
I miss the times when Steven was actually respectful to the fellow dragons. Which was like, one episode with him, maybe two at best. Imagine being this cocky because you run a podcast, a web3 scam, a tiktok account, and are younger than the other dragons. Christ.
@markmccorrie3905
Ай бұрын
Hes a fraud. He lied about social chain and built a whole career on it
@RealRushinRussian
Ай бұрын
@@markmccorrie3905 he started "a web3 company", what else is there to know about him? web3 is a buzzword with no technical definition, incompatible with real world.
@KaiTahan
Ай бұрын
How did he lie@@markmccorrie3905
@kieranhill993
Ай бұрын
@@markmccorrie3905 Yep. It merged with a much bigger company, and then the new entity kept the name of Stephens Company and later sold for hundreds of million. His company was worth less than 10 million when it merged, which is still a remarkable achievement, but a way off his claims.
@MusicalMemeology
Ай бұрын
Diversity quota.
Isn't this just polymorph plastic? Already sold by many companies.
@DiamondCake2
Ай бұрын
Yes I was using this 20 years ago lol, the only difference is it comes in little beads and not coloured strips.
Sugru has been around since 2009
@KimRSM
Ай бұрын
My thoughts exactly
@hearmenow909
Ай бұрын
It's been more used in production by businesses, it's not been put into a form for the mass consumer market before.
@SocialWorkProfessor
Ай бұрын
I use Sugru all the time and I thought of it too.
@ZonkedCompanion
Ай бұрын
This is more like polymorph though and i started using that back in early 2000s. There are countless polymers like this which can be heated and reformed.
“I don’t think the dragons will have ever seen anything like this before”. Unless they’ve been to a DIY store.
Sooo they re-discovered sugru?
"3 dragons down"... amazing band... love their song Krypronite...
I always love when a deal goes through and Debs giggles w/excitement during the closing! 😉🎉
Any brand that focuses primarily on “building the story”, I have doubts about. If a chip tastes good, I buy it. I don’t buy it because of a paragraph about their story and values on the chip bag..
@1337murk
Ай бұрын
Something draws you to trying the chip in the first place. You might not think these things matter but you're unconsciously affected.
@menikmati789
Ай бұрын
@@1337murk ok Don Draper
@Kobeemalonee
Ай бұрын
@@1337murkYeah, it’s packaging and word of mouth. If I pick something new up, it’s what I’m looking for and it’s presented well then I MIGHT buy it. If it’s presented well and recommended by a friend, I’ll definitely buy it at least once. I’ve been eating Cadburys chocolate for years, and the only thing I could tell you about their history is the founders descendant was in an episode of Dragons Den.
@1337murk
Ай бұрын
@@Kobeemalonee You think you're above the influence of their marketing but you're not.
@Nocturnalux
Ай бұрын
@@1337murkSure but a lot of people do not even read the story. Or care.
If it's wet when it's soft you can't really use it on electric appliances.
Update: their accounts for 2023 showed an overall debt of almost £100,000 (credits for £143,000 and assets amounting to £45,000)
@markmccorrie3905
Ай бұрын
What was the ltd? I couldnt find it. Their website doesnt have it
@SirLawrenceBarrisclaw
Ай бұрын
The company is called FIX-ITS (LONDON) LIMITED
@sigma_z
Ай бұрын
I thought Steven Bartlett was supposed to be able to sell anything, like isn't TikTok his domain and drop shipping? I suppose he doesn't know it all. Just got lucky once or twice. But even a broken clock is right twice a day 😎
@Erickhetfield
Ай бұрын
Sure, dude. Luck. If it makes you feel better about yourself. @@sigma_z
@tuckedup
Ай бұрын
@@SirLawrenceBarrisclaw probably now called F*K-IT
There was something similar on a tv advert about 20- 25 years back…
@Trigger_000
Ай бұрын
Ok, grandad. 👴
@ashtonndlovu9470
10 күн бұрын
"Back in my day" ahh coment 😂@@Trigger_000
so many competitors in this space , seems like a hobby product not mainstream
The company is operating on borrowed money with which these guys are paying themselves a salary. None of that was fleshed out and discussed in this clip. I would want to know how much they're paying themselves, the source of the borrowed money, how much debt the company has, and the plan for paying it back. I would make any buy in conditional on suspending their salaries until the business has enough turnover to cover costs. Their income should only come from a percent of net profits until the company's revenue grows enough to put them back on salary.
@ses694
Ай бұрын
What we see on the show is not the end of negotiations, details like this are handled later. Also, the show is dramatised in the editing and a lot of routine questions probably get cut.
I backed this product on Kickstarter back in 2019! I got them. Love them and was excited when I saw a product that I actually helped out by backing on the show!
Stationery box sold this many years ago in 2003 😊
Steven should have asked for 40%. He would have got it too.
I wonder if DD will ever get cancelled. I hope not, but I can't imagine ratings going up any time soon.
@WizzWins
Ай бұрын
Why you saying that?
@hotwheelshuntinguk
Ай бұрын
They may not go up, but they sure won’t go down either.
@Erickhetfield
Ай бұрын
One day, of course it will.
@crispypancetta681
Ай бұрын
Are you suggesting the product is stagnant?
Most people only pitch the product and don't understand that is about being able to show their ability and vision to build a company that can actually execute the product.
What is the industry adhesive used, do you know? I'm a little curious.
@GlennDeBacker
Ай бұрын
Polymorph
Everytime one of them said "oh people won't know what it is" etc, I was just like "??? you guys know about social media right?" 😅 That's like the biggest all-in-one educating-promoting-selling machine
Good job Steven, I think you'll get this product moving
Looks Good I would buy it
I have this sort of material on ear plugs you heat and mould to your own ear canal and then it sets. its been around for a while
Product is doing well on Amazon so well done to them.
the fact that it's reusable makes it useless. if it goes soft again when it gets warm and wet then all kitchen and bathroom repairs are out.. try SUGRU.. does the same thing but better already..
I would definitely use that
I really liked the product from the start and thought this is exactly what's needed. I am glad some Dragon had the mind to invest.
Well, those two had really excellent posture, I’ll give them that. Not sure about the product, but I liked looking at them…
Sugru already exists
Honestly is there ANY use for this? I feel like even the nr 1 best use they themselves could think of and that they chose to put on the packaging (fixing a pair of broken glasses) would be better with both glue and tape. Who wants to go around with putty on their glasses anyways? And probably wont even hold for long
@elvickRULES
22 күн бұрын
Only way it would work on glasses is if you maticulously design a pattern with the putty on the whole thing but then it probably wouldn’t fit. Lol
Does it work on insulating hot pan handles or does it melt
@DiamondCake2
Ай бұрын
It melts.
My nan bought me this off QVC 20 years ago to fix my BMX lol 😂
Me: My USB C charging cable is broke Product: £9.99 Amazon: £2.99
@David-lm2tl
23 күн бұрын
probably more suited for expensive glasses or stuff like that
Steven class act
I live near the Forest in Radford, it is bizarre that his name is Forest Radford
Breaking fast and eating pasta while watching dragons den, can’t go wrong.
@amrani_art
Ай бұрын
Me too! 🍝
@jaoued
Ай бұрын
Bessaha ftorek ;) 🇲🇦
@DealTank
Ай бұрын
❤❤❤
@blueapple2641
Ай бұрын
same 😂
what is the product name i need it asap
It's a cool fix it product!
Amazing how the production team succeeds in building drama.
@mrsilly6155
Ай бұрын
"But will Deborah Meaden, who made her millions in the frowning industry, see an investment opportunity?"
I already use sugru, isn’t it basically the same product?
Peter or Debra would've asked for 35-40%, Touker would've obviously asked for 95% and thier houses and cars. Stephen's ask at 25% is a very fair deal for both.
You will make a lot of money with this product trust me! Imagine how many charging cables I could fix with that 😂
46,980
This was 2022? Post pandemic? Odd there was no handshake at the end with Stephen
I have bought basically the same thing over 5 years ago on aliexpress for less than 2 usd. There is nothng new or exclusive being pitched here.
I know that polymer, it has a melting temperature of 60 degrees Celsius and cost and 15 cents a kilo
So sticky tac?????
Similar products have been in the market for years
ITS LITERALLY OOBLECK
This is a good idea
@alanahr5
Ай бұрын
We've already had it (Mighty Putty) spoiler alert it failed
Unfortunate we don't get to know at what level the material is beginning to get soft.
Gaffer tape and cable ties, no putty needed
My issue is the pitch being a product different from tape and glue when essentially it's both of those together. The difference is that it requires more proficiency and effort...and for that reason, I'm out.
??? Why is it not called FixSticks?
People mostly don't FIX, they REPLACE
11.36 stephen cant tie his shoelaces.
Charcoal & Superglue , not much ya cant fix with that
New invention? What are these guys talking about? Does no one remember the SUGRU? The exact same product without the need of water and more neat to use. Been buying it for the past years
For how brash Peter can be at times, I think he showed a lot of class here.
I'm only here for Deborah ❤
What ... like Araldite? Epoxy resin?
@--Nath--
5 күн бұрын
How is this anything even remotely like a 2 part epoxy?
So, if it gets wet then it's just going to fall apart?
Fractures in fingers, toes, wrists maybe can be helped with this molded putty. If there are chances of plastic irritation then use a finger condom or latex gloves over it.
Hasnt Formcard already done this?
I can't believe anyone appears here without knowing their own numbers. Touker is right. This product is perfect for some home shopping network.
@TheManInBlueFlames
Ай бұрын
If you went on dragons den, you would have the same problem
Ayyo, brand new vid!
Reinventing the wheel.
Your business is stagnant so the best advice I can give is for you to Fixit.
i cant think of a practical use for the product that i would buy it for
@lss74
18 сағат бұрын
100% same
Is Steven cabable of saying a sentence without mentioning tik tok?
I am not trying to be mean or anything, but I can't for the life of me imagine a single thing I would "fix" using this 🤣
so its blue tac
i thought they say ifixit lol, but it's only fixit
They are concept and idea developers not mathematicians . I think that product is not a good investment
Everyone has super glue in the draw . No need for this , lol boiling water
Blu-Tac
No patents? Really bizarre.
@BenjaminGoose
Ай бұрын
On what? It's a material that has existed for decades.
@draculastraphouse7863
Ай бұрын
These clowns really just stole something that someone else already invented and thought they'd get rich like that
@Rusmiester
Ай бұрын
They have licensed the base product and made it all about 'brand'... Everyone wants to be or own a brand and doesn't want to invest time in the fundamental boring stuff.
@IAmTheJayster
Ай бұрын
@@Rusmiesterthey didn't licence anything, it's all off the shelf
I don’t get Sara’s point (no disrespect). Yes the material is an existing one, but it’s used in industry. They’re not selling it to the industry experts Sara has in her contacts, they’re selling it to ‘every Tom, Dick & Harry’ - or should be if they’d like to make any money. Fab idea.
Peter is amazing
They have a website and they are on Amazon so seems like they are doing okay.
@thesadwolf
Ай бұрын
LOL. I could set up both of those things in an hour. That's not a metric for success.
@Nigelfarij
Ай бұрын
@@thesadwolf If they've got a website, the people running it definitely have fingers. And a computer. Or at least the address of an internet cafe.
@r19888
Ай бұрын
@@thesadwolfgo and do it then lol
@CluelessGardener444
25 күн бұрын
@thesadwolf the product is ranking well at the top 10 position for its category
Why is Sarah upset that didn’t create a new chemical compound-?
Did the deal go through?
@boltywolty123
Ай бұрын
Yes, but both the guys were shot
@kataminkaitin2844
Ай бұрын
It's a terrrrrible deal though 😂😂😂😂😂😂😂
cant believe they got an offer
@thomasdalton1508
Ай бұрын
He never actually invested, though.
@_LilacRoses
Ай бұрын
@@thomasdalton1508 how do you know?
Better than sugru potentially. But that never made it big like I thought it would. Please don't sell it more expensive than it needs to be!
Sugru?
Why are they still in Corona mode? 😮 and still no handshakes
@sephmne3645
Ай бұрын
Because it’s a clip from an old episode. Damn why do I keep seeing comments on KZread with people thinking every video upload is brand new content 💀
The real question is: how does it taste?
Is this basically the WISH/Temu version of shark tank?
So its just a knock off of Mighty Putty ads known with Billy Mays???
Why is it that everytime I watch shark tank, the entrepreneurs know alot about their business and feel confident. But entrepreneurs here are not so smart
Anybody can copy this product so I don't think this is a good investment.
@rumblerenekton5240
Ай бұрын
anyone can copy making a burger. didnt stop mcdonalds. this is a marketing play.
Looks like thermoplastic
@lux0rd01
11 күн бұрын
It is