Roger Hind entered the Dragons Den tonight and I bet he didn’t expect to start a fight.
He was selling his product, the rotamate, a washing line that protects your clothes from the rain, and the birds! Roger was asking for £85,000 for a 15% share in his business. Richard Farleigh declared at an early stage that he would be prepared to offer half the money for about 15% of the business, but when Deborah Meaden offered half the money for 20% of the business Richard changed his mind and decided to ask for the same.
The other Dragons were enraged, Peter Jones and Theo Paphitas even went as far as to advise Roger not to take the deal.
But Roger was desperate for the cash, and the expertise, so he accepted the offer on the table and ended up giving away 40% of his company for £85,000.
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