Dragons fight over jaw-dropping multi-million pound business | Dragons' Den - BBC - YouTube

Channel: BBC

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We both traveled in from New York.
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So we haven't been in the UK for very long so I think we're feeling the effects of travel a little bit
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Hopefully we're not too rusty as we start getting a grilling from the Dragons
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But will the pair be returning to the Big Apple with more than just a healthy airmiles account?
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Hi dragons, my name is Nathan Evans and this is Patrick M Braun and our company is called brand yourself. We're seeking a
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100,000 pound investment in exchange for a 1 percent equity stake in our business
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Dragons meet Steve
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Steve is an Oxbridge graduate with a first-class degree
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Basically, Steve is an employers dream
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But when employers look Steve up online, they don't find professional Steve
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They find gap year Steve where one moment has ruined dozens of job opportunities for him
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Now Steve found out the hard way how you look online today?
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Directly impacts your career more and more employers are analyzing everything about you before making a decision
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That means a single negative online search result or single inappropriate social media post or image can ruin your career
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That's why we created brand yourself the most comprehensive platform that helps individuals clean up protect and improve how they look online
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first our technology scours a web and identifies risk factors that could hurt your online reputation and then walks you through the process of
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finding and deleting inappropriate images
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Now while your initial report is free users upgrade to a 70-pound yearly subscription to get full access to all of our features
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Last year, our revenue was over 4 million and this year were on pace to do over 5
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Dragons, thanks for your time. We'd love to take your questions
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Cleaning up online is the idea Patrick and brawn and Nathan Evans hoping to clean up with in the den
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They're offering just one percent of their business in return for a hundred thousand pounds
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Taz Levani is first to quiz the profile polishing pair
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Nathan Patrick hi
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It's a unique idea
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But I myself could go and screen myself on Facebook and delete all the pictures that I think could be offensive or prevent me from
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Getting a job and save myself 70 pounds. Yes, but the average person has thousands and thousands of post and
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Thousands and thousands of images. They don't know what they all are. I went through it myself manually it took 18 hours
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But it's not just the time it saves you
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Online screening has just become so much more pervasive
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Whether you're applying to school or applying for a job or applying for an immigration visa
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You're going to get screened and these screens are way more than just a search. They go through everything
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So what it does is advise you any negative things on Google. Is that what it does?
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So let's say
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You have a negative search result and it's not something you can delete because it's not your own Facebook
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And it's someone else trashing you it shows up in Google. For example, I think at least in the u.s
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We've dealt with more victims of revenge porn than any other company
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Sometimes those things to be directly removed other times
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You can need to kind of minimize the damage of this by surrounding it and burying it with more positive things now
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We can do that for you
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Guys isn't the end result of all this cleanup
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The actually everything is so clean. They can't really see the real person and you're not branding yourself. You've just become bland yourself
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Yeah, what if it just came off social media to get all together. I'll just delete Facebook Twitter Instagram
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No footprint on social media. So there's one thing which is not having anything negative but more and more employers are looking for
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positive things that reinforce their decision online so not having any social media accounts that give them any
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Indication is a bit of a red flag to employers at the moment
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The online entrepreneurs approving why their service is a necessity not a luxury
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Touka Suleiman now wants to focus on the cash the techie twosome are bringing in
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It looks like you've got a business
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You've turned over 4 million F is 4.4 million last year
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and what was the gross profit it was 2 million net profit is a loss of
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450,000 and
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That's because you always been on tech correct. It's a blessing. It's a shoe. You'll do 5 this year. We'll do 5.2 million and
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Level or you still lose money. We'll
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Expecting to lose money again this year hilarious a best same as last year by 450. Yes
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Ok, so it's very apparent that you're losing money and money doesn't come from thin air
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At the moment you're trying to raise 1 percent
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Which bet is a company at 10 million? Yes
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This is a part of a larger raise that that we're putting together this year of about 3 million pounds, right?
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But you've done your homework about me. Haven't you I have I
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Know you don't get out of there for 1 percent. Yeah, so I'm assuming if I want to invest you'll accommodate
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We're here we're here to make a deal. Yeah. Ok, that's good
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Tuukka suleiman tests the water and discovers the duo's terms appear to be negotiable
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But Deborah Medan wants to establish why the pair have traveled across the pond to seek investment in the first place
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I'm interested. So there's an equivalent of Dragon's Den in the US
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Why didn't you go to them cool shots tank over there, isn't it?
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We did appear on Shark Tank and we got a two million dollar offer
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But we just couldn't negotiate so I walked away from the deal gosh
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Okay, but I have to say the risk of sitting in this chair is that you don't do the same thing again
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You know in retrospect I didn't know that there was extra value and having a shark then there was the money
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We need to make sure we've learned from that mistake
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I don't want to be seen as someone who goes on a show like this and does the same thing
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So what we want to do is act drastically different this time around
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Good
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Can I just take us back to the investment, how much do you guys own to the company? Yeah, so I
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Hesitate to put the exact percentages of everybody, you know out there on on TV
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Why why would it you can just search and find that out?
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It's not completely public employees and things like if I'm investing in you, I wonder that
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Yeah, you you will know this before you make an investment exactly
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So I'm I'm now currently before I make an investment. So I need to know what you guys own the company
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Me and my co-founders Oh mister just picking you the founder
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10% and Nathan what do you know? It's less than 2% and have you communicated to all shareholders?
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That you're here, yes, and we have the consent that we can negotiate to certain types of things. Okay. I've got it
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Peter Jones pushes the entrepreneurs to reveal their share structure
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and that they've got the green light to cut a dragon friendly deal and it appears Jenny Campbell is
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warming to the cyberspace sprucing idea a
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Lot of people need to clean up their act online. It's like moving up the dirt off the carpet, really
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It's isn't it sort of that extent it is a useful tool
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Where it doesn't work for me as I don't like be in a small fish in a huge pond
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I like to make a difference and I just feel that with this tiny tiny sliver of
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Equity that that's not for me
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So I wish you all the best and I'm out
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The 1% share offering has no appeal for Jenny Campbell and she ends her interest
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Touka Suleiman now wanted to talk about the pair's plans for relocation
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Hi guys, how big enough if you want?
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Very easy to please what if I said to you
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I'll give you a thousand square feet free of charge for 12 months in the West End of London
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If you give me ten percent of business
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I
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Don't think it it's not gonna give you temps may be
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Guys I'm gonna make you an offer
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I'll give you all the money
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They'll want 4%
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Thank you thanks to Casilla man tables are bid and throws some rent free real estate into the mix
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Does serial investor Deborah Medan think the online airbrushing idea as potential I
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Think it's great. It's bang on
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You guys are smart, you know you're on it and when a business comes into the den, there's absolutely ahead of the curve. I'm interested
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So I am going to make your mother
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And I'm gonna offer you all of the money and
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I want 3% of the business. Okay. Thank you. Thank you
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Guys
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You've been very transparent which is really good. And I think the bellman that you've got going on is very interesting as well
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So I - I'm gonna make you an offer
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One hundred thousand pounds all of the money for three percent
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Cage Levani and Deborah Medan make identical offers and join the party
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Where the hat-trick of deals already on the table? It's now just tech tycoon Peter Jones who remains
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Will he want to add the online business to his portfolio? I
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I
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Really like it and it is a concern as a dad as well with kids that one photograph that one annoying thing
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Their behavior has affected
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potentially their career and
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That's a shame. Actually, I think what you've done is is really good. Thank you. Thanks and you've gone Shark Tank
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You're in the real show now. Yeah, this is where it started
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These are the guys that do the deals tell you yeah, so you did the right thing coming to the UK
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I'm actually gonna make you an offer
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And I'm gonna offer you all of the money
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For two and a half percent of the equity
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Thank you, thank you very much
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Don't think about it. Yeah. Do you mind thank you. Thank you guys. Thank you
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The entrepreneurs have four bids to consider
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Touka Suleiman is offering free floor space, but once four percent of the company do you think?
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Oh shit
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Debora Medan antes Levani both won 3% to her pants and
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Peter Jones has sharpened his claws and undercut them all with his turned a half percent demand
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They regretted their decision to reject a deal stateside
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are
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They now ready to accept any of the offers on the UK table
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So firstly thank you very much for hearing us out and thank you for the offers
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Petey gave us the most generous offer. So I'd like to put a counter forward to yourself
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Would you be prepared?
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to
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Provide us with the 100,000 but in exchange for 2% of the business
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Is that offer open to other dragons or is it just to Peter
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At this stage its it's an open offer
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If it was open to other dragons I wouldn't accept it. Okay, so I'm gonna ask you what would you like to do?
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If you accepted the offer I think we'd be ready to accept that right absolutely
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Okay, I
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Would accept two percent but the most important thing for me is on the next fundraise I'm not diluting
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I'm prepared to accept that deal. Yeah
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Thank you very much thank you fantastic. Thank you. I'm gutted and delighted at the same time
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Peter Jones accept the counteroffer and shakes hands on a deal
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The entrepreneurs exit the den with the hundred thousand pounds they were seeking and detect tour de force on their board
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That's a great business. Mr. Jowell. Well, I don't want to say
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Big that's tough. They have very good poker faces the best being Peter Jones
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I actually felt quite bad closing everybody out you out then. Well, you should because that was quite rude actually
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the pair head off the new york with a possible celebratory stop or
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You might we might go to the pub and have a drink but uh, it's inconclusive
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