There is no legal commitment for the Dragons or producers of the show to fulfil their offers. The Dragons often ridicule contestants, on grounds that vary widely, but especially for over-valuation of their respective enterprises. This concluding phase may range from a few minutes if the Dragons do not perceive the business plan as credible, to much longer when complex conditions are negotiated.
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(However, on one occasion in series 4, Peter Jones continued to question an entrepreneur after his own declaration). However, for this to occur, the contestant usually has to agree to relinquish a larger share in their business than they had first planned.Ī Dragon who, having heard the pitch, does not wish to invest, must declare themselves "out", implying that they leave the discussion.
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This can lead to the contestant receiving the financial backing of more than one Dragon, with the benefit of a broader range of expertise.
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Dragons can also offer a percentage of the money requested if they do not wish to commit the full amount, leaving the other Dragons free to do the same. If the Dragons see potential in the business idea or product, negotiations then take place around the amount of equity on offer, with the contestant having the opportunity to negotiate further, accept any offers, or simply walk away. In exchange for the investment, the contestants offer equity in their business, the percentage of which is also stipulated at the beginning of the pitch. The rules stipulate that if they do not raise at least this amount from one or more Dragons, then they would leave with nothing. As part of their opening pitch, they are required to specify the amount of money they require from the Dragons (referred to as such because of their often suspicious, harsh questioning of contestants as well as their having the wealth the contestants seek, similar to legends of dragons guarding gold). 10.2 Clarity of investments and treatment of entrepreneursĬontestants have what they believe to be a viable and potentially profitable business idea but lack funding, or are already operating their business, but need additional funds for promotion or expansion.10.1 Sunday Mirror and The Daily Telegraph investigations.3.1 Successful deals per Dragon per series.The programme is produced by BBC Studios Factual Entertainment Productions and co-produced with Sony Pictures Television International, the owners of the format that is distributed worldwide. Reruns of previous episodes are still broadcast on BBC Two. The first episode was broadcast on BBC Two on 4 January 2005 and, after 16 series on the channel, the show has been broadcast on BBC One since 2021.
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The show allows several entrepreneurs an opportunity to present their varying business ideas to a panel of five wealthy investors, the "Dragons" of the show's title, and pitch for financial investment while offering a stake of the company in return. Old Granada Studios (OGS) (2018–present) īBC Studios Factual Entertainment ProductionsīBC HD ( simulcast with BBC Two, 2009–2013)ĭragons' Den is a British reality television business programme, presented by Evan Davis and based upon the original Japanese series.