Dragons’ Den: What Did You Think Of Hamfatter?
Dragons’ Den kicked off again tonight and I was quite surprised to see a band approach the Dragons for £75,000. The band put forward their proposal, and then sang a song for the five business gurus in the room.
I loved it when Theo Paphitis asked them if they saw Simon Cowell in the room, as my first thought was also that they were on the wrong TV show.
Duncan Bannantyne kicked off the bidding by offering the band their £75,000 but in return wanted 50% of all profits from future album sales until his investment was recouped and then his percentage would drop to 10%. Deborah and Theo put a similar offer on the table, however would only drop their final percentage to 20% but offered more in the way of expertise and industry experience. Peter offered the band the full amount also and wanted a flat rate of 30% of all future income.
After some discussion the band decided to go with Peter Jones’ offer, mostly swayed by his contacts in Sony BMG.
So what do you think? Will this band make it, or will they fade into obscurity once the show ends? Will Peter be the mentor that they are hoping for?
