Beach Break Live and Midas Touch score funding

Dragon’s Den returned to BBC this week and while Deborah Meaden, Duncan Bannatyne, Theo Paphitis and Peter Jones were back to spend invest their “children’s inheritance” into some fledling ventures, they’re also being joined by James Caan.

The concept of Dragon’s Den has always been interesting to me. Offer entrepreneurs with the chance of getting some funding from some of the UK’s richest people for a share in the business is great until the ruthless business nous of the dragons kicks in and the share in the company that you were happy to relinquish suddenly expands.

Firstly though, it’s a matter of convincing the dragons that you have something worth investing in. And then, if you can do that, as Celia and Ian from Beach Break Live experienced, an all out bidding war between the dragons can take place. This then gives the entrepreneur some bargaining power and the choice between who will invest and for how much.

Then there are those like the Silver-tongued Laban Roomes whose gold plating business Midas Touch had a reasonable model but it was his personality that caught the new Dragon James Caan’s attention and bought him his first investment in the Den.

All in all, it’s fascinating to see what some people think will sell when it’s a dud and what simply brilliant ideas some people have. Some people you can just tell by the looks in their eyes that they have something beyond a product or service as well.

Dragon’s Den is back on Mondays at 9:30pm on BBC Two.

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