“Wait, You’ve Got a 90% Shareholder That Isn’t Here?” | Dragons’ Den
Michael Gormley is here asking for £200,000 in exchange for 5% of his business ‘Go Bubble’. An invention that seals and preserves an open bottle of champagne. Michael boasted a big valuation of £4m, and that he’d raised £2million – but soon confessed that was thanks to a private investor who ultimately owned a whopping 90% of the business, leaving him with only 10%. Peter Jones insisted that Michael should have brought his majority investor along with him – it all went downhill from there.
An international sensation, Dragon’s Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
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