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Ireland’s Dragons Den – Episode 8

April 9th, 2009

This final episode of Ireland’s Dragons Den seen two investments made, some arguing between some of the dragons to claim investment opportunities, and Sarah not investing yet again. Here are the main pitches.

Takkerhttp://takker.com/

Key People: Damien McGrane

First into the Dragon’s Den tonight was Damien McGrane from Armagh with his product ‘Takker’, looking for €50,000 and offering 20% of his business. Takker is a device that assists tacks being put up in walls such as plaster board, wood or concrete, for hanging pictures etc.

The dragon’s asked questions surrounding Damien’s commitment to the product and Damien explained that it was his full time job… for the last month. Damien explained that the product was originally from Germany, but the company couldn’t go ahead with it and the product wasn’t patented because it ran out and wasn’t renewed.

The Dragon’s enquired about prices, it would be sold to the customer for €12.50 and it cost Damien €2.63 to make. After Damien explained that there was no similar product on the market. It was pointed out to Damien that the device was unuser-friendly and Niall enquired about a possible redesign, Damien pointed out that redesigning the product could be very expensive and seemed to not want to go ahead with redesigning.

All the dragon’s declared themselves out expect for Gavin, who even though trying out the device and came across as being quite negative towards the product, offered the full €50,000 but was seeking 45%, after some negotiating it was agreed on €50,000 for 42.5%. Deal made!

Wedding Runner - http://www.weddingrunner.ie

Key People: Alicia Grills Grant, Ann-Marie Hamill

Next into the den were two women Alicia Grills Grant and Ann-Marie Hamill with their business ‘Weddingrunner.ie’. A service offering couples who are getting married, a custom made rug for their aisle or place of service on their wedding day. On their web site there are several designs to chose from and personal details are added.

They were looking for €45,000 and offering 10% of their business. They explained that the business cannot be patented so they were wanting it to get to market as soon as possible. Everything was run through their website and it was manufactured in China keeping costs low, their only competitor was a company in America who were selling the item for $1,200 while theirs were €999.

Bobby made an offer for half of the money for 20% of the business hoping Niall would come in with the other half but Niall was not interested and felt it was too expensive for the market at the moment and declared himself out. All the dragon’s declared themselves out and the two enthusiastic girls left with nothing.

Floaters

Key People: John Boyle

John Boyle was the third entrepreneur into the Dragon’s den and came in with his product ‘Floaters’, floating shelves to hold light things such as plants and ornaments, giving the illusion of it ‘floating’ as it was held by white strings at the back. Also the shelf was a bright colour which would illuminate in sun shine.

John was looking for a €100,000 investment. The Dragons were quite negative about the product as they commented that the product was tacky and the colours were not in keeping with today’s style. Also John hit a nerve with Sarah when saying “even housewives could do it” and Sarah got into a right huff over this demeaning comment towards women. All dragons declared themselves out and John left with nothing.

Surf Seeds - http://www.surfseeds.com/

Key People: Tim Rooney

Tim Rooney was the last entrepreneur for this season’s Dragon’s Den with his product ‘Surfseeds’, a line of healthy snacks that contained mainly sunflower seeds, among others and they were accompanied by blueberries or possibly chocolate coated seeds, no artificial additives were in the product a all.

Tim was looking for €100,000 and offering 20% of his business. Tim gave some background info about himself and explained that he was originally a chef and he had been requested to research products and along the way he came up with Surfseeds.

Sean comes in and makes Tim an offer of €50,000 and for only 10% of the business, Bobby then came in with the rest of the money, offering €50,000 and also seeking just 10%. Tim was happy and looked to see if there was any other offers. Niall declared himself out and Gavin had already declared himself out. Sarah put in an offer of the full amount, €100,000, but was looking for 25% of the business. Tim was left with a difficult decision, both Sarah and Sean were explaining how they would bring the most to the business but Sarah’s patience ran out and after a few minutes, Tim choose to go with Sean and Bobby rather than Sarah as he felt Sarah would constantly be chasing him, Sarah’s loss a blessing for Tim I’m sure!. Deal done!

Sarah, please don’t come back if the show gets a second series :)

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