Peter Asks Elite Competitions Some Tough Questions | Dragons' Den

James Heaton and Alex Beckett are seeking £50,000 for 10% equity in their company Elite Competitions

Season 16, Episode 10.

An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.

#DragonsDen #BusinessPitch #peterjones

[BenjaminGoose]

"It's not gambling because you have to answer a skill based question"
Skill based question: The blue sky is what colour?

[dominich]

Did Jenny just make an offer? Bet she was sweating it would be accepted.

[BenjaminGoose]

5:50 "Say 40 thousand pounds of money has come in to the two of you, but a whole multitude of people have lost, 1 person is the lucky one" It's weird hearing a multimillionaire say this but OK.

[TheAbuFulaan]

Why are Peter and Deborah suddenly concerned about addiction of gambling when people also get addicted to alcohol but that didn’t stop them from investing in alcohol businesses. Bunch of hypocrites.

[ChristopherM-jw]

They should have offered them 25p elite credit

[turbolinx]

It’s taking advantage of people with an addiction who can’t manage their money.

[K_Hip]

So what about bars that fuel alcoholism and consequently, other social ills?

[HBR-lt]

Doesn't look like the deal went through but the business is still going well it seems, though James (guy in white shirt on the left) left the company last year. Maybe they didn't go forward seeing how they can call it whatever, but it does pretty much sound like gambling and their biggest victims will be those that are already struggling.

[SpencerLecroix-etxg]

Even a betting business don’t want to take the risk with Jenny

[HHW]

The Skill based question; how much of a mug are you? £10 worth of tickets, £20 worth or £50 worth?

[Morgana]

"Thanks, Jenny, but these guys also have amazing lawyers that will keep us on track, plus everything else they offered."

[vanquishpurr]

This is the best competition company for winning houses. You have the choice of taking a house which is fully furnished and sometimes comes with a car or take the cash alternative. I've won a couple of prizes of money. I reckon they are making much more than what they've predicted. They keep buying £1 million houses and its extremely popular. This company has been going for around 12 years.

[ianlister]

everyone got very defensive but Tej is right. There is alot of very expensive handbags, that some women would gamble on.

[suf]

If you become addicted you can contact us and we'll ban you 😂

[euphoricbliss]

Ah yes of course, the A level business studies, to property developer pipeline is a well established path lol

I think you forgot to mention the rich dad who bought you the first property 🤣🤣

[TomTheProNoob]

So that's how they able to get the car they used the same technology that Dwayne Johnson used of the toy car from the film Red One. So the prize of the R8 was actually a toy car previously? Makes sense now.

[DonnieDarko_]

The Lottery will take far more than £20 p/m from people on a monthly basis with the odds stacked far more heavily against them!

[paulinaha]

maybe, idk but couldn‘t such a website maybe cater to other companies and say look, we have xyz traffic on our website and run ads for people to watch instead of them buying in? so for example for the low price winnings you offer people to watch 5 ads instead of paying 10 pounds. idk how well that would work in the sense of revenue, but just an idea

[jay-dubb.dubb.]

9:17 When did Tej start wearing a chest toupee?! 😮🎉

[jabs]

Don't think they have stuck to the transparency they promised, some comps now don't have ticket sale on view and its gone from like 200k tickets to 10 million plus, ok its cheaper but the odds are silly, oh and just look at the winners now pick a name tht won a top prize I put money on it they have at least won 5 maybe 10 good top end prizes tht only me no u could wish for,