Monday 5 December 2016

What really happened when the cameras stopped rolling: How the eleven investments worked out

Published 19/10/2011 | 05:00

Business: Pedigreecattle.ie -- Donal O'Connor and Michael O'Donnell.

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When: Series 1, 2009.

How much offered: Sean Gallagher and Gavin Duffy -- €50,000 for 15pc each.

What happened next: According to Mr O'Connell the dragons invested one-third of the original amount offered after "the original idea didn't go as well as we had anticipated".

Comments on Gallagher's involvement: "He was a major help to us in starting up our business".

Business: SourcingProductDe sign.com -- Darren Louet-Feisser.

When: Series 1, 2009.

How much offered: Sean Gallagher, Niall O'Farrell and Bobby Kerr offered €75,000 for 15pc each.

What happened next: Mr Louet-Feisser says: "We decided that for what we wanted to do, it just wasn't enough money".

Comments on Gallagher's involvement: "I wouldn't have a bad thing to say about Sean or the dragons . . . I would vote for Sean."

Business: Surf Seeds -- Tim Rooney.

When: Series 1, 2009.

How much offered: Sean Gallagher and Bobby Kerr -- €100,000 for 10pc each.

What happened next: Both Mr Gallagher and Mr Kerr invested and became directors of the company. Mr Gallagher stepped down when he entered the presidential race. It was the biggest ever investment on the Irish edition of 'Dragons' Den'.

Comments on Gallagher's involvement: Mr Rooney said: "My relationship with him has been focused ... set your goals and go for it and I think that's just what he did in the whole presidential thing."

Business: Taste of the Caribbean Sauces -- Jennylynd James.

When: Series 2, 2010.

How much offered: Sean Gallagher and Niall O'Farrell -- €20,000 for 25pc each.

What happened next: According to Ms James: "I was not prepared to part with 50pc of the business, so I decided not to take their investment."

Comments on Gallagher's involvement: "After meeting a few times with Sean Gallagher and Niall O'Farrell, I was not convinced that working with them would help get my products into major supermarket chains with the branding and range I had."

Business: Boiler Bleed -- Kevin Hester.

When: Series 2, 2010.

How much offered: Sean Gallagher and Bobby Kerr -- €40,000 for 20pc each.

What happened next: The investment went ahead as it appeared on 'Dragons' Den' and Kevin Hester has helped out on the presidential campaign.

Comments on Gallagher's involvement: Co-director Sean Hester says: "He's a tough businessman but he's got a heart . . . he's a straight talker basically. What you see is what you get."

Business: Brooke & Shoals Fragrances -- Alison Banton.

When: Series 2, 2010.

How much offered: Sean Gallagher and Sarah Newman -- €65,000 for 25pc each.

What happened next: According to the company website the deal was cancelled as "Alison decided that giving up 50pc of her thriving business was just too high a price to pay".

Comments on Gallagher's involvement: The website says: "Sean Gallagher and Sarah Newman fully understood her position on this."

Business: Huggy Bloom Enterprises -- Jennifer Shaw and Claire Finnan.

When: Series 2, 2010.

How much offered: Four dragons, including Mr Gallagher -- €24,000 for 5pc each.

What happened next: All five dragons waived their claim of a share of the business and offered loans of €5,000 each to finance 'Ireland's Pregnancy and Baby Fair'. The loans have since been repaid.

Comments on Gallagher's involvement: Ms Shaw said: "It's definitely a success story and we do have a lot to thank Sean for. He was brilliant . . . a great mentor".

Business: Grab Radio -- Aonghus O'Heocha

When: Series 2, 2010.

How much offered: Sean Gallagher and Bobby Kerr -- €50,000 for 10pc each.

What happened next: Mr O'Heocha would not say how much was invested but says both dragons got involved to "a far lesser extent".

Comments on Gallagher's involvement: Mr O'Heocha said: "It would have been nice to have had a bit more commitment . . . taking somebody on board like that ... it's like a marriage, there are things that are brilliant but there are also other things that need to be sorted out."

Business: Grow Rings -- Dave Roberts and Martin Hendriken.

When: Series 3, 2011.

How much offered: Sean Gallagher and Bobby Kerr -- €40,000 for 20pc each.

What happened next: The deal never went ahead as Mr Roberts says the dragons were slow to invest and wanted too much of the company. Mr Kerr says the dragons were "used" and asked why they agreed to the 40pc if it was unfair.

Comments on Gallagher's involvement: Mr Roberts said: "It's a regret. I would have liked to have had him as a partner but that's just tough . . . on this one I thought, you don't pay a dog and bark yourself."

Business: WhoHasIt.ie -- Terry Reihill

When: Series 3, 2011.

How much offered: Sean Gallagher and Norah Casey -- €12,500 for 20pc each.

What happened next: Mr Reihill said: "Even though I accepted the offer on the night, I subsequently declined . . . it was just operational difference . . . on reflection it was an awful lot of the company to give away".

Comments on Gallagher's involvement: "We just had a number of meetings and we just felt that it wasn't going to work for us. But I found him very courteous and very professional."

Business: Surviving Santa Ponsa -- Pakie O'Callaghan and Frank Twomey.

When: Series 3, 2011.

How much offered: All five dragons -- €20,000 for 5pc each.

What happened next: According to Mr O'Callaghan, who runs the fundraising comedy show: "Ultimately we asked them not to be involved. We had them pushing us to do a Dublin gig . . . and we chickened out."

Comments on Gallagher's involvement: "We dealt primarily with Gavin Duffy and Bobby Kerr . . . He (Gallagher) is proving to be a good campaigner. His message is obviously connecting with people."

Irish Independent

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