Thursday, January 27, 2011

The Dragon's Den

I've found myself watching this TV show called Dragon's Den lately, only because the idea of the show is what peaked my interest. For anyone who don't know what the Dragon's Den is, the contestants are usually product designers or service operators who have what they consider to be a viable and potentially very profitable business idea, but who lack funding and direction. They pitch their idea to five rich entrepreneurial business people, the eponymous "dragons". They have, before the show, named an amount of money that they wish to get, and the rules stipulate that if they do not raise at least this amount from the dragons, they get nothing. In return, the contestant gives the dragons a percentage of the company's stock, which is the chief point of negotiation.
Once the contestant has made the presentation, the dragons probe the idea further, often revealing an embarrassing lack of preparation on the part of the contestant, or uncovering troubling facts and consequently rejecting the investment, or revealing a sound business proposition and offering to invest capital in return for equity. Now that you know what the show is about...here is my opinion of it....I like the idea of the show, giving people the chance to get investors for their business, its a great entrepreneurial opportunity. Now most of the 'dragons' are pretty professional, but there is one guy ( which i won't point out) who acts too much like Simon Cowell from American Idol...is this show about marketing new products, helping businesses or are they only on there to be the American Idol of Innovation??? This one guy, is rude, unprofessional at times with his comments...it makes me wonder is he really on this show to help these people or only on there for entertainment and shock value!! Just my opinion!
 

1 comment:

  1. Your take on this is the same as mine - This is a popular show but it reminds me too much of the IDOL shows without the singing!!

    ReplyDelete