SOUTH AFRICA'S TV WEBSITE
SIGN IN SEARCH MENU
SOUTH AFRICA'S TV WEBSITE


Dragons' Den

Genres: Reality
Broadcast on: BBC Entertainment, BBC Knowledge, BBC Brit

Rate:

8.3

Add to Show Favourites

Description

Dragons' Den is a British reality television series based on the original Japanese series which 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 offering a stake of the company in return.

First launched in Japan, Dragons' Den is now an international brand with versions airing in countries across the globe. Entrepreneurs pitch for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.

Like any good institution, Dragons' Den relies on rules. Without these, the Den would be a much more chaotic place. Presenter Evan Davies will often refer to these rules during his commentary. Here are the basics - the eight golden rules that shape presentations and negotiations.

Rule 1: The Pitch

Entrepreneurs must start the meeting by stating their name, the name of the business, the amount of money they are pitching for and the percentage of equity they are willing to give away in their company.

They must follow this with a pitch of up to three minutes. If it exceeds three minutes, the Dragons can stop entrepreneurs at any point but they cannot interrupt the initial pitch.

Rule 2: The Q&A

Entrepreneurs do not have to answer all the questions asked, but what they do or do not choose to answer may affect the outcome - for example, if they refuse to reveal net profits. They may ask the Dragons any questions that help them determine whether they are suitable investors for their business.

It is important to note that anything that is discussed in the Den can be potentially broadcast.

Rule 3: Opting 'Out'

Entrepreneurs' time in the Den is over after all five Dragons have declared themselves 'out'.

Also, once a Dragon has declared his or herself 'out', they must not re-enter negotiation on the deal, and unless there is a compelling reason, they should remain quiet and leave the others to pursue the negotiations.

Rule 4: Investments

The entrepreneur must secure at least the total amount they have asked for at the beginning of the pitch.

If a Dragon offers less than the full amount, the entrepreneur must try and make up the total by securing an investment from one or more of the remaining Dragons.

Each entrepreneur must leave the Den with at least the full amount they asked for or they exit empty-handed.

The entrepreneur can negotiate more money than was originally requested, as this is usually to redress the sticking point of an entrepreneur giving up more equity than was initially offered.

Rule 5: Multi-Dragon Investments

Each Dragon is working as an individual investor. The Dragons can invest as little or as much of their own money as they want. It is up to the entrepreneur to persuade them to match the required investment or pledge to invest a portion thereof.

As above, it is acceptable for the entrepreneur to seek investment from more than one investor in order to make up the total amount required. A full investment may involve between one and five parties.

Rule 6: Refusing Investment

An entrepreneur can refuse investment from a Dragon if they think they are an unsuitable investor or the deal on the table isn't right for them.

Rule 7: The Deal

The deal agreed on the day is an unwritten agreement that depends on due diligence checks, and relies on the intergrity of both investor and entrepreneur to freely enter the transaction and be fully committed to seeing it through.

However, the deal is solely between the Dragon and the entrepreneur and after additional meetings, if an agreement cannot be reached, neither party is legally obliged to complete the deal.

The BBC remains impartial, as they cannot be involved in the business contract between the two sides.

Rule 8: The Advocate

Entrepreneurs are permitted to have an advocate on standby in the Den, to help them answer some of the Dragons' questions. This advocate must usually be someone who is directly involved in the business. They can ask the Dragons to meet their advocate at any point after the three-minute pitch.

Any advocate attending the Den must be pre-approved, screen-tested and have gone through the same personal checks as the entrepreneurs.

Broadcast Notes

The series aired in first-run in South Africa on BBC Knowledge for the first eight seasons, before moving to BBC Entertainment. When both channels were discontinued in August 2015 the series moved to replacement channel BBC Brit, starting with Season 13 in 2016.


LATEST ARTICLES

Muvhango Teasers - December 2020

The police find a body and it raises high profile suspicion.


Durban Gen Teasers - December 2020

MacGyver lives a ‘wow’ lifestyle on a ‘LOL’ budget. Also, Bab’Gumede has to come to terms with a diagnosis.


New on TV today: Wednesday 25 November

Nat Geo unleashes Virus Hunters to stop the next pandemic, as Curiosity films nature in Time Flies.


DStv's new African novelas channel Novela Magic: shows, skeds and format

It launches Friday, 27 November for Family, Compact, Compact Plus and Premium.


Series Review: Small Axe Episode 1 - Mangrove

A true 1960s story for our times. This first film in Steve McQueen's new anthology series delivers powerful 5-star* punch.


New on TV today: Tuesday 24 November

Lockdown thriller Siende Blind starts on kykNET and Showtime drama The Comey Rule is new to M-Net.


Legacy Teasers - December 2020

Angelique recruits a spy! Also, the sisters’ relationship starts to fracture.


New! The Evil Eye Teasers - November 2020

Introducing the first teasers for Star Life's new supernatural thriller ahead of its premiere on Saturday (28th).


New on TV today: Monday 23 November

There's a Big Time Bake on TLC and new Turkish novela Begeertes starts on eExtra.


Idols 16: Ndoni eliminated from Final Four chorus line

When the audition for a record label doesn't go well.

LATEST SITE ACTIVITY


More activity at TVSA Central



LATEST SOAPIE TEASERS



LATEST SOAPIE TEASERS






×
×

You browser doesn't have Flash, Silverlight, Gears, BrowserPlus or HTML5 support.