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Dragons' Den winner has £100,000 funding withdrawn

24 pointsby nazwaover 8 years ago

8 comments

tinodotimover 8 years ago
What&#x27;s so special about that specific deal&#x2F;product? Did I miss something?<p>Because it&#x27;s not that special that those deals fall through. I don&#x27;t know about Dragons Den, but afaik Shark Tank US as well as the german version &quot;Die Höhle der Löwen&quot; had seasons with 60% of the &quot;deals made on air&quot; not happening.
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deutroniumover 8 years ago
I saw their product on Dragons&#x27; Den yesterday.<p>I found it rather surprising as I&#x27;ve bought similar bluetooth key fobs, from Aliexpress for around $1.40 each and they mentioned they where planning on selling them for around £20.
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arethuzaover 8 years ago
One of the things I learned over the years is that a deal (particularly an investment) hasn&#x27;t happened until it actually closes.<p>Kind of tough lesson to learn, especially if you&#x27;ve had to parade yourself on a TV program.
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benbristowover 8 years ago
Funnily I met those two guys at the Glasgow Tech-Scene Christmas Party at &#x27;The Raven&#x27;. Seemed like really nice guys with a cool product. Wonder what went wrong with the DD.
adgasfover 8 years ago
Nokia used to make these. They were called &quot;Treasure Tags&quot;.
gunnyguy121over 8 years ago
Too bad it didn&#x27;t say why he pulled funding
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kriroover 8 years ago
I think it&#x27;s pretty shady to air the episodes before the deal is finalized (imo, other people I know strongly disagree). They essentially get free reality TV candidates without any obligation. You can always back out if you want to.<p>[I&#x27;d also never take any of theses TV show deals for a software company as they seem pretty bad to me. For something you sell on home shopping networks etc. it seems better because you get the distribution expertise. I have doubts you get anything besides the money and probably lots of hassle for software.]
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cyberferretover 8 years ago
The article didn&#x27;t really clarify. Did they lose the funding mainly because the laptop was lost at Heathrow?? Was it because of fear their IP was compromised by the theft?
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