Entrepreneur Wants £1M Investment for 5%! | Dragons’ Den
Dubbed the “most ridiculous valuation ever in the Den” by Peter, Fraser Fearnhead is asking for a £1m cash injection, in return for 5% equity of his property crowdfunding platform HouseCrowd which allows investors to club together to buy properties.
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 #PeterJones #CrowdFunding
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When you order Elon Musk from Wish
When their pitch includes cardboard cut-outs of cartoon characters, holding bags of money... that’s what you call a “Red Flag.”
I want a episode where the dragons play monopoly. That would be funny to watch.
He wasn't very clear about how he actually went bust. He had a property company which he sold for 2.25 million. Then he just says, the crash happened and suddenly he was eating baked beans and borrowing money to pay his utility bills. He had sold a company for 2.25 million. Where the hell did the money go???!!
Meanwhile Rory collects peacefully his seaweed. Best job in the world.
As of 2021: "All of The House Crowd’s active development loans were in default.[11] The company owed investors £52.7m in capital and interest.[12] All investors in the business and lenders via its P2P platform lost their money."
In case any of you are wondering why you can't buy a house it's partly because of companies like this
Did we just get clickbaited by dragons den...
Which Neanderthal is responsible for the sound editing this episode
99% music 1% voice
Peter’s daughter when she was a kid: I love you three thousand 🤗
Everyone supporting this guy in the comments ... this company went under. He's a scammer. He owes $50 million to investors they will never see. I'm sure his first business was the same. He "made" money but owed 10000X MORE. Never invest in a guy like this.
Update:
This ended up going into administration 4 days after this was uploaded to KZread (24th Feb 2021).
“Will Sarah WILLINGHAM be any more WILLING to put her reputation on the line?”
The title is wrong and the audio is terrible.
0:35
Whenever I'm struggling with my business studies, I look back at this and I feel better.
Peter: ‘How did you get to a 20 million pound Valuation today?’