Dragons' Den is becoming the American Idol of venture capital in Canada. We can create hits
The more I thought about it, the more I realized its mass appeal ... Yummy Dough is a baking mix you can play with and form into any shape you want and then bake it like you would any other cookie dough.
Now we have to determine who owns the rights. Is it the parent company in Germany or the distribution company in Canada? Does the parent get a royalty before the dragons? All these are issues that have to be worked out.
It's still up in the air whether we are going to continue ourselves and culminate the deal with the dragons or license the product with a much bigger company that can get it into the market in a much bigger way, much quicker
The goal is to get the product to as many markets as possible.
The Dragons get their money back faster and the entrepreneur gets the full upside of the company.
If I'm not going to be a 50/50 partner then I have to have constant cash that allows me to get my return of capital
I just met with Stefan in Las Vegas and he had just come back from Japan where there is a whole new trend toward food play ... The timing couldn't be better.
Can the entrepreneur execute the business plan and can they use the leverage of what the show has become to accelerate their business and have a competitive advantage over similar products? And this product can. We can take the lead from the German scenario, which is our focus in due diligence. This is ...