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Dragons tackle a staggering valuation - Dragons' Den

**Dragons tackle a staggering valuation – Dragons' Den**



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A pair of ex-politicos go from Westminster to the web as they attempt to take on the energy market and the Dragons.

Watch Dragons’ Den on the BBC:

Dragons’ Den | Series 16 Episode 2 | BBC

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my name is Henry and I'm will we're
cofounders of look after my bills our service minimizes the price you pay for
gas and electricity because right now people get ripped off we all know that
we should switch but we don't so look after my bills does the switching for
you you sign up on our website in just a couple of minutes our algorithms get to
work and then we move you to the best deal every year automatically you don't
have to lift a finger that's the key difference between us and
comparison sites with energy alone we're taking on and disrupting a market worth
billions and we're offering 1% of our business for 90,000 pounds thanks for
listening we'd love to take any questions a confident pitch from will
Hudson and Henry to zut asking for 90,000 pounds for a tiny 1% of a website
that automatically finds the best deal for your gas and electricity
but the multi-million pound price tag appears to her ruffled tej Lala nice
feathers hi guys will Henry hi wondering where to
start well they should start with the evaluation how do you get to that figure
and why do you think your businesses is worth nine million pounds it's a
combination of our track record experience in this space but also the
size of the market in front to us so right now people spend twenty nine
billion pounds on energy in Britain alone they're 20 that doesn't excite me
too much a lot of the time people come into the gym they're quote market sizes
and say well because of that but let's start with more basics how many
customers do you have because a valuation like that I presume you'd have
a lot of customers on board be around 60 to 70 thousand who've done this which
people have signed up for the opportunity to take our deals it's a
larger number around 250 300,000 in terms of it before you set up the
business four years ago what did you both do I've got a political background
actually so I started off doing policy and think tanks I then was a special
advisor in government so different approach to to Henry I actually did some
work for the Green Party and I decided that I wanted to do what I could about
big business not giving the best treatment it could to normal people and
consumers will and I have been all for instance University I left government in
2014 we'd been talking you know as best mates for years about doing something
together so we started the big deal what the business did to start off was
one-off switches so we say people huge money with great deals but then the
deals expired and they got to a higher price now customers asked us to start
switching for them and that's where look at my bills comes in the entrepreneurs put up a robust
defense of their valuation citing a growing business born out of consumer
demand but Deborah maidens worried the new laws protecting personal data could
short-circuit their chances of success well Henry do you see any changes in the
legislation that's gonna stop you from simply being able to take decisions on
your consumers behalf know the direction of travel in this space is all towards a
service like look after my bills I'm sure you will realize that the energy
market just doesn't work for customers because they don't keep engaging with
the market and people of course don't switch because it's a complete pain in
the neck and if you do it once you're certainly not going to get around to
doing it every year thank you how many competitors have you got in this field
the big players would be the large comparison websites they do normal
switching manual switching in terms of automatic switching this really is an
early green industry no one has established themselves a
central player which is our aim there's been zero innovation in this market for
twenty years price comparison websites look like they
did 20 years ago big list that's it and still 60 70 percent of people do not
switch there has to be some new innovation to change this and we think
we're the ones that can do that a groundbreaking website that's also first
to market it looks like the entrepreneurs have all the elements for
success but Jenny Campbell wonders if they're at the mercy of the big players
not joining their utility revolution energy companies whatever big one is
choosing not to be on your platform because frankly it costs them money too
I would call it slick their own throats yeah there's a race to the bottom we try
to get people with the best price we can find and supply as they can trust now if
a supplier doesn't want to engage with the service that gets customers a great
deal year-on-year I'm not sure that's the kind of company
that we want to be moving people to are you not compromised on independence
because surely whoever pays you the most you know deal done isn't it I think
ultimately all we can do is be totally transparent and honest with our users
they know there might be cheaper dealers out there about some companies that we
wouldn't necessarily recommend a rare occurrence in the den as the
entrepreneurs reveal cash won't always be king on they're switching site Tesla
Varney has quietly taken a reading of the numbers and is ready to supply his
verdict on the proposition you guys want smart money right and there's a cost to
having the value in the den what we're gonna prove I think what you need to do
is to grow your brand and to build it create the awareness and that's what I
can do and at the same time you'll need to raise money future and I can help
with that too right I'm not gonna waste any time I'm
gonna give you an offer the offer is all of the money but at 7% thank you thank
you tage Levani provides an early boost for
the entrepreneurs but the deal he wants is 6% more than the 1% on offer
does Peter Jones feel the entrepreneurs have what it takes to look after an
investment I think you've done incredibly well I really like the idea I
think got a real chance of making this a success so I'm gonna make you an offer
and I'm making this offer because I bring so much more value than – I don't
have you so I don't need to compete with that I'm gonna offer you all of the
money but in return I'd like 10% of the business technology guru Peter Jones electrifies
the den using his track record to go in higher than his fellow dragon demanding
a whopping ten percent of the company but does touka Sulaiman feel he can come
up with a better deal impressive your impressive and I believe my offer can add great
value to you so I will give you all of the money per eight percent I love this
business for many reasons I think anything that disrupts the blinkin
energy industry has got to be good news and I'd really love to be involved and
what I really want to be involved in something I get quite competitive so I
am gonna make you an offer and good off you all of the money but they want 3% of the business Debra Medan dramatically undercuts her
rivals encouraging the entrepreneurs to switch to her deal of 90,000 pounds for
just 3% Jenny Campbell can also be quite competitive is she about to turn up the
heat in the dead the thing that I really really like is the ethical peace that
comes through this you're launching today is about making energy companies
honest at the end of the day and it's it's longer would you so what is there
not to like I'm gonna throw a little bit of a curveball in and say that I would
offer you 1/5 of the money for 1% which means you need to get the rest of us to
agree mm-hmm do want to go and talk at the back guys yeah a full house Peter Jones offers all the
money for a hefty 10% to KO Suleiman wants 8% taze LaVon ease after 7 Jenny
Campbell wants 5% shared equally but Deborah Medan has been the most
competitive asking for just three percent of the company having discussed it any now incredibly
flat flattered we're willing to double the amount of equity we're giving away
in our business from 1% to 2% but we need slightly more money we need to ask
for 150 K for that 2% look guys I think you have to understand the real value
here at 2% even a struggle you need to be a bit more realistic guys can I just
say that I do understand the predicament I like it even more so just on that or
half my offer so I will offer you all of the money ninety thousand for five
percent not 10% this I'm afraid has to be our our final
offer and we're really really keen to make it work 120,000 pounds for 2% of the business I didn't get out of bed for 2% that's for
sure understand so on that basis I'm out touka Suleyman
stays in bed refusing to give in to the entrepreneurs equity demands but is 2%
enough to tempt the other dragons from under the covers I actually think it's a
great shame because this could make a lot of difference to you we don't want
to give up on you please please believe that this is as
far as we can go I'm sorry guys No I'm out guys feel that you've taken the
negotiation way too far and that shows to me there's a naivety in business that
really concerns me and I think you will walk away from here now
having completely missed a massive opportunity you're about to make one of
the biggest mistakes of your life is that your final offer
2% so final offer on the basis of that's your final offer
I'm out they've had five offers but now just two
dragons remain our Jenny Campbell and Tesla Vani willing to negotiate okay
guys here's where I'm at you asked for hundred and twenty
thousand for two percent but I urge you to reconsider and see the value that the
Dragons are going to bring we do I'll do one hundred twenty thousand but for
three percent and that's my final offer it was very happy to bring Jenny with us
both okay both is what we would like I would
share with TAFE that's three percent so we're part by
one percent you could walk away on the basis of one percent it's half a percent each
there is no way that you two would do what 124 two percent as we as we
describes well we gave you our final offer Jenny and finish we have a deal right ago she ations well done they almost
lost it but having given away just 3% of the company will and Henri leave with a
hundred and twenty thousand pounds and two switched-on dragons

6 Flying Style Tips | Practical Flying Fashion Advice For Guys

**6 Flying Style Tips | Practical Flying Fashion Advice For Guys**



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In this video men’s style, grooming, fitness and lifestyle expert, Aaron Marino of and goes over 6 flying style tips to ensure next time you hit the sky you are flying high and looking great. These are 6 practical fashion tips for flying. What to wear on a plane and how to dress for a trip or vacation. What to wear to the airport as well as how to dress to maximize comfort, function and of course style.

Aaron Marino of alpha m. offers six tips about how to fly in style. He has read a ton of posts about how to travel in style on male style blogs. Majority of the advice is crap and not practical like suggesting to wear a blue blazer and fedora. The advice given here is found useful by Alpha. It boils down to why you’re traveling. Alpha is separating travel between personal and travel.
Practical Style Tips When Flying

1. Shoes – casual travel wear mocs, boat shoes, fashion sneakers; business travel wear slip on loafers, brogues, monk straps. Make sure your shoes are comfortable and broken-in.

2. Socks – wear stylish, clean socks for both casual and professional dress. They are a great way to slip your shoes off and hang-out in your socks (versus the ratty, stinky looking gym socks)

3. Dress in layers – layer a tee shirt, zip up hoodie or button up cardigan, and light weight jacket. Wear an undershirt with your dress shirt. Remove layers at you need.

4. Wear a jacket with pockets for passes, phone, keys, and more to avoid digging through a bag. If you are wearing a suit jacket or sport coat and you don’t want it wrinkled, grab a flight attendant and ask if she / he will hang your jacket / coat for you. You can also clip a carabiner to tray table (see article link above).

5. Pack your sunglasses in your case in your bag – on your head stretches out the glasses and greases up the lenses. You can also lose them if not secured.

6. Pants – dark wash, great fitting jeans which can be dressed up with shoes, for casual wear. Wear 100% wool for professional not synthetic or linen.

This Is Kevin O'Leary's Financial Deal Breaker In Relationships

**This Is Kevin O'Leary's Financial Deal Breaker In Relationships**



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This one thing will make or break your relationship. » Subscribe to CNBC Make It.: For Kevin O’Leary, finance guru and star of ABC’s “Shark …

Kevin O'Leary: 2 Simple Ways To Save Money

**Kevin O'Leary: 2 Simple Ways To Save Money**



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‘Shark Tank’ star Kevin O’Leary shares what “I’ve learned to do, and what has really helped me in maintaining growth in my own personal investing….”

» Subscribe to CNBC Make It.:

Saving is a cornerstone of financial health, but not everyone believes they can do it. In fact, a new CNBC Invest In You and Acorns Savings Survey of more than 2,300 Americans found that over a third of respondents said they don’t make enough money to meet their needs and save. And a Bankrate survey found one in five respondents (21 percent) don’t save any of their annual income.

But according to “Shark Tank” star and financial expert Kevin O’Leary, most people waste money, even if they don’t realize it, and that’s where you can find money to save and even invest.

“The truth is, there is a lot of crap you don’t need,” O’Leary told CNBC Make It. “What I’ve learned to do, and what has really helped me in maintaining growth in my own personal investing is, anytime I pick up something I’m going to buy, I say to myself, ‘Do I really need this?’

“Because if I don’t buy it, the money is going to be invested and make money every year for me while I’m sleeping.”

With April marking Financial Literacy Month, here are O’Leary’s tips on where to find savings.

Skip the Starbucks

O’Leary certainly has the means to afford a latte or two, but he doesn’t buy them, ever. O’Leary says he refuses to pay for non-essentials like takeout coffee, even if does just cost a few dollars.

“Do I pay $2.50 for a coffee? Never, never, never do I do that,” O’Leary tells CNBC Make It. “That is such a waste of money for something that costs 20 cents. I never buy a frape-latte-blah-blah-blah-woof-woof-woof for $2.50.” Instead, he makes it at home.

“I drink coffee, one cup every morning,” he explains. “It costs about 18 cents to make it, and I invest the rest.”

Streamline your wardrobe

“I think about all the crap I bought that I never used. I mean it’s amazing,” O’Leary tells CNBC Make It. “All the shoes, all the pants, all of the shirts that I never wore after the first time I bought them.

“What a waste of money.”

“I could have had that money making 7 or 8 percent in perpetuity” by investing it, he says.

O’Leary streamlined his shoe collection down to just the staples: Two pairs of Prada shoes, a pair of flip flops and a pair of sneakers for working out. As for his wardrobe, O’Leary says he wears just 20 black suits, with 20 black ties and 20 white shirts. He recommends others cut back on the amount of clothing they have, too.

“So if you’re 20 — listen to what Mr. Wonderful is saying here — you don’t need 50 shirts,” he says. You only need a handful of essentials, which he says includes six t-shirts, three pairs of jeans and three baseball caps.

Don’t splurge on your wedding

While finding little ways to save money day to day can certainly add up, forgoing a big, expensive splurge can have a major impact on your finances.

With the national average cost of a wedding at $33,931, according to a 2018 survey from The Knot, it’s a great place to cut back. It’s the reason O’Leary opted for pizza and beer at his wedding. O’Leary used the thousands he saved to invest and grow his business.

“I know it sounds romantic to spend a lot of money — it’s crazy to do that,” O’Leary says.

“Forget about spending a fortune, you don’t need a white dress for $22,000,” O’Leary says. “Save your money, invest it and later you can take everybody out for a great time on the interest you’re making off your bonds and the dividends your stocks are paying.”

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‘Shark Tank’ star Kevin O’Leary: Here are 3 simple ways to save extra money | CNBC Make It.
do I pay 250 for coffee never never do I do that never that's such a waste of money for something that cost 20 cents I never buy a frappe latte bye bye bye woof woof woof for 250 that's such a waste of money I drink coffee one cup every morning it cost about 18 cents to make it and I invest the rest when you're getting married and you're starting out the worst thing you can do is put yourself in debt for your wedding I know it sounds romantic to spend a lot of money it's crazy to do that at my wedding I had no money and I said to my wife why go in debt let's invite our friends over let's buy a few cases of beer and I'll order some pizza and we'll have a great time and that's exactly what happened we saved a fortune I was able to put it into my business and start growing it I don't like to see people spend hundreds of thousands of dollars thinking that they have to do that for their friends the best thing you can do for your friends is have a party have a good time and talk about your future together but forget about buying that ring forget about spending a fortune you don't need a white dress for $22,000 none of that stuff save your money invest it and later you can take everybody out for a great time on the interest you're making off your bonds and the dividends your stocks are paying

The deals the 'Shark Tank' sharks regret never taking: Part 2 | ABC News

**The deals the 'Shark Tank' sharks regret never taking: Part 2 | ABC News**



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Mark Cuban says one deal he regrets not doing was with John Tabis’ Bouqs Company.

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