A MANCHESTER entrepreneur whose heating system was rebuffed by the Dragons Den team is fired up for expansion after winning a £2m order.
Martin Wadsworth appeared on the TV programme last month, asking for a £150,000 investment in return for a 10 per cent stake in his company, DiscreteHeat. Instead of the cash, he ended up sparring with Duncan Bannatyne.
£2m win for idea Dragons ignored (news story)
(, Thu 23 Oct 2008, 16:37, Reply)
The Dragons are such bull headed fools sometimes!
Edit: Have this related link :D uk.youtube.com/watch?v=3T13J-A1ATQ&feature=related
(, Thu 23 Oct 2008, 16:42, Reply)
"Why you want to stomp them to death the life out of them?"
(, Thu 23 Oct 2008, 16:50, Reply)
nicely done too. I hate it when that twat slags off an idea with no real backing behind his ideas.
(, Thu 23 Oct 2008, 16:45, Reply)
For a start, turnover means bugger all unless you're making a profit. The bloke himself said he made a fucking huge loss in the first year, and a measly profit in the 2nd.
How much profit is he going to make on that £2m a year turnover? Don't forget that he's only offered 10% of his company for £150,000.
Secondly, in order to get to the stage where only Bannatyne was left in, he must have failed to convince all the other dragons that he had a good idea, so to imply that it was only Bannatyne that rejected him is misleading.
Of course, Bannatyne is a fool for thinking you can make a conducting item out of wood, but is he a fool for keeping his £150,000 in his pocket instead of having 10% of a company whose profits are still unknown? Jury's still out on that one.
(, Thu 23 Oct 2008, 17:09, Reply)
Especially as you can run speaker/telephone cables etc in there too.
(, Thu 23 Oct 2008, 17:37, Reply)