Flaming Dragons
I’m sure I’m not the only entrepreneur sitting at home ranting at the telly, but when Mark Champkin arrived on the screen demanding £100k for 15% of a company offering a range of innovative gear for kids, I was amazed by the Dragons’ recalcitrance (hmm, that’s a good word)…. thank God for Peter Jones, lankier and richer than the rest of them put together, he went for it. What I love about real businesspeople is that they’ve got the capacity to take risk; and make a decision. Peter Jones’ decision to invest £100,000 for 40% of the company was a really simple deal. £100k for accessing brilliant originality, dead easy.I admire Mark Champkin’s chutzpah for holding out, but to quibble over 5% when you’ve got that kind of backing on the table, is madness. Nevertheless, Peter’s got a great deal, and best of luck to Mark, it was an excellent pitch.
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