These smart entrepreneurs are overjoyed by their rejection since they are poised to make millions.
A Dragons’ Den couple who were recently turned down for an investment have announced that they have already received promised sums totaling 13 times the amount they had requested.
On Thursday night’s episode of the BBC business blockbuster, Aaron Branch, 30, and Zak Lloyd, 22, entered the Den, but received no proposals from the Dragons.
Sara Davies, Peter Jones, Deborah Meaden, Touker Suleyman, and Steven Bartlett were among the frightening experts who heard Aaron and Zak pitch their delivery service.
The two talked about the possibilities of their on-demand software Delivrme, which allows “spontaneous and vulnerable” customers to get everything from condoms to iPhones delivered to their front door.
The Dragons, however, were not interested in making the £50,000 investment and advised Aaron and Zak that they would need a lot more money to make the app profitable, so they were sent home.
The businessmen, on the other hand, have stated that they have “no remorse” about what happened.
The businesses have already collected £650,000 in pledged donations after announcing a fresh fundraising round yesterday.
“I’ve done live events in front of 2,000 people, but I’ve never felt as terrified as I did going into the Den,” Aaron wrote on Instagram.
“I was actually unwell the morning of the big day.” With the five of them seated there, the doors opened and it was almost like a portal to heaven. I had been dragged into that situation.
“It was extremely natural and comfortable as soon as we started talking.” It was quite chatty.
“The Dragons actually cared about what we had to say, and the questions they posed were of exceptional quality.”
“The criticism came, but we welcomed it because we’re still a small company and want to discover all the flaws and holes we can.”
“We actually felt incredibly powerful in the moment when they all said no since we had just been mentored for one and a half hours by five of the country’s most successful business people.”
Since its debut in 2005, the BBC’s hit has enjoyed massive success, with Levi Roots and his renowned Reggae Reggae Sauce becoming a recognizable product on the stores after pitching to the Dragons.
This isn’t the first time the show’s panel has squandered a seemingly lucrative investment opportunity.
The founder of Tangle Teezer, for example, walked away from the Den empty-handed.
In a 2007 episode of the show, he pitched his inventive new hairbrush, but his idea was derided as “hair-brained,” and his request for £80,000 was denied.
Victoria Beckham and Cara Delevigne praised the small hairbrush, and he was voted Entrepreneur of the Year in 2016.