When dragons were rejecting the Milton family, I felt rejected. I’ve never met the family, but I suppose it was the Milton-bond. I was yelling at my TV, telling the dragons they were dumb to let that deal go!
http://www.cbc.ca/dragonsden/pitches/cosy-soles.html
Yes, that show can be very random!
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Mike Cluett replies on December 11th, 2009 at 6:39 pm
I DONT want to be a heel here but I think the Dragons were more concerned about the reasons they wanted the $150K and the valuation of the company. They valued their company at half a million dollars.
Yes they had sales and thats the first thing investors of any kind look for. There are dozens of examples on that show of people who go in valuing their companies at $2 million with no sales and say its valued on “potential”
Another reason they were worried is that no one in the family wants to go full time into the business. As entreprenures you want to go full board into the business, but they “seemed” tenative.
Remember they HAVE to get the amount they were asking for or they get nothing. Doesnt mean they wouldnt have invested if they came in lower, or had future plans of expansion by the principles of the company.
It seemed all they were looking for was a salary to compensate while they decided if they were going to go full time in the company.
Kevin O’Leary is like the evil devil sitting on my shoulder and despite my best intentions I find myself agreeing with him during that show.
Brett is definately the angel on the other side.
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Where do I find a place to order from.
Thanks,
Jim
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I think I want a pair of those, my feet are FREEZING right now.
I didn’t really understand the dragon’s reaction, usually that’s the type of deal they’d be all over.
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