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ANSWERED on Sat 2 Apr 2016 - 8:16 pm UTC by JD Umiat

Question: Dragons' Den

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montecristo 

Customer

 2 Apr 2016 18:34 UTCSat 2 Apr 2016 - 6:34 pm UTC 

How much money did this get for what stake?
http://www.businesszone.co.uk/delete/idiot-box/dragons-den-sublime-sciences-success-story

Is there a video?

 

JD Umiat 

Answer

 2 Apr 2016 20:16 UTCSat 2 Apr 2016 - 8:16 pm UTC 

Montecristo,


£50,000 investment with 20% stake:

Dragons’ Den: Series 13, Episode 7
http://startups.co.uk/dragons-den-series-13-episode-7/

Marc Wileman

Company: Sublime Science
Concept: "Fun" children’s science parties, workshops, stage shows
Investment sought: £50,000 for 10% equity
Investment received: £50,000 for 20% equity (Willingham and Jenkins)

Last in the Den and this week’s only successful investment was for scientist Marc Wileman or ‘Mad Marc’. Wileman is the founder of Sublime Science; a business which makes science "awesome" for primary school-age children across the country with science parties, workshops, shows and more.

Started "with humble beginnings", Wileman said the business had become one of the most in-demand kids parties and had engaged over 280,000 kids with a goal to inspire one million kids nationwide. The science entrepreneur had also launched a series of books which sought to make "science fun for kids".

Yet it was Wileman’s solid financial figures, £533,000 turnover (2014), £177,000 net profit (2014) and projections of £750,000 turnover (2015) and £250,000 net (2015), that created a catalyst of offers from the Dragons and shocked Jones; "congratulations, I really wasn’t expecting figures like this".

Although Suleyman negated to invest as he had "no interest in science", the remaining Dragons were all keen to take a share of Wileman’s business and, in a rarely seen moment in the Den, made offers matching Wileman’s request:

    Jenkins: "I think I can add something here and I really like it so I’m going to make you an offer of all of the money for 10%".
    Willingham: "I like that it started with good intentions and has turned into something really good. I spent many years in international franchising so I’m also going to make you an offer - £50,000 for 10%."
    Meaden: "I can see this working well on the holiday and travel market so I’m going to make you an offer - all of the money for 10%. Please let it be me! I’m excited as I can see what we can do."

Jones, on the other hand, felt he could spark more growth for the business and made an offer of all of the money for 20%; "I own a chain of convenience stories and I own Red Letter Days so [that’s two routes to market] I want more equity".

With a positive reaction from all of the investors, it was left to Jenkins and Willingham to pitch themselves to Wileman and they suggested a joint offer of 10% each to have both of them involved in the business.

After weighing up each offer, Wileman chose to go with Jenkins and Willingham as he felt the "enthusiasm and passion was there". Great chemistry indeed!


Sublime Science founder wins £50,000 investment on Dragons' Den
 http://www.leicestermercury.co.uk/Sublime-Science-founder-wins-50-000-investment/story-27653132-detail/story.html#ixzz44hUo04KD




==



I was unable to find any working videos or clips. I don't know if you can trust these download sites but you might give it a try:


http://www.watchseries.li/episode/dragons_den_%28uk%29_s13_e7.html

http://www.tvmuse.com/tv-shows/Dragons--Den_26519/season_13/episode_7/


==


JD

 

David Sarokin 

Researcher

 2 Apr 2016 20:23 UTCSat 2 Apr 2016 - 8:23 pm UTC 

A clip at the BBC2 site wouldn't play for me, but it might for someone else:

http://www.bbc.co.uk/programmes/p02zmtrq

 

montecristo 

Customer

 2 Apr 2016 20:30 UTCSat 2 Apr 2016 - 8:30 pm UTC 

I can play the clip, it confirms the numbers.

 

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