I know exactly what you mean.
I have applied for 2 years now and the most important thing they want to see is figures- Gross profit, net profit, year 3 figures!
It doesn't matter if the idea is so good and simple that anyone watching will say 2 things:.
1. Why didn't I think of that, and
2. Where can I buy one.
They seem to treat the public like idiots, where I think they can be the most important indicator.
I think this site is full of innovative people and if someone had the business acumen to go to television companies and present a business opportunity whereby the members of this site or a similar site decided what exhibits to put forward to the Dragons- the benefits to the inventors and the public would be amazing!
No offence, but a woman on the show wanted Â£100,000 for a 10% share in her company which made portable shower head mountings that you could take to any hotel in the world with you in case the shower had nowhere to hang the shower head!!!
We scot's are innovative and we would probably save money and hold the shower head instead if the mounting was missing!!!!!!!!
PS Bill- Did you ever enter the Tomorrows World awards on the BBC, and if you did, I was at the awards ceremony with you.
Thanks for your comments.That really was agood suggestion that the I veiwers had the decision to select what product was aired ..
I thought I was a bright spark with good ideas ..but you beat me there. Good thinking.. I will work on it.
Ref Tommorows world .
A few years back I visited an inventors exhibition in London which was sponsored by the Tommorrows world team.
On one stall holder approached me and claimed they had Â£12m given to them by the UK governement to invest exclusively in innovative products .The idea , they said, was to keep British products in the uk and stop them going abroad ( USA) .
They claimed they were part of the tommorows world gang and named Carol Vordaman as one of the directors. ( name dropping).
I think they were called Inventions Direct or something..
They promised me the earth.. lots of technical help and financial backing.
At the death I forked out Â£3000, and all I got was an interveiw with a company that was toughting for the job to manufacture them.The last thing I needed!
They were based in the Highway London. I think they have since run off with the money..
I thought I was wised up by then and cute.. but they still took me for Â£3000 which I could not afford.
So guys ..and girls.. be aware .. there are no end of so call investors.. business angels out there ready and willing to con you out of your money.
All very nice polite people.. but con men.
My advice..NEVER PAY ANYONE TO GET YOU MONEY
We never learn..Last year I went to a similar exhibition in Florida ( the home of investors and financial con men),
I met about six pre arranged and breifed., so called financial investors. They all claimed to love the product, and offered me money. Lots of it!
I was given 20 minutes with each of them to make my pitch..There was no shortage of inventors queing up for the meetings.
The fee was Â£2000 for them to arrange the meetings and my fare of course. Luckily some else paid for me..
I think they were called United Finance Corporation or something..
One guy was really impressed with my invention..he said he was a director in one of the US banks and had unlimited funds..He offered me National tv.publicity, manufacturing marketing and Â£12M investment from hois bank..Of which he was to get Â£1m commission for arranging it.
I thought Christmas had arrived early that year!
As he was to be paid from the money he was raising I had no problem with that. No personal warranty from me.
I accepted the offer ( as you might guess) .
I did not hear from him for about three months. Then he contacted me and said he had it all arranged and approved.
All he had to do now was to draw up the business plan..
oh and..could I just let him have a cheque for $35,000 to pay for the
Surprise surprise..I told hime to take the money out of the funds he was raising and his commission..( Â£1m)
He finally reduecd it to $5000.. I told him where to go..
I heard no more.
Anyone esle got roped in with this scam!
Later I heard the US Gov. had locked they whole team up for fraud.. So at least the Us did keep an eye on such scams.. and they acted.
So again.. be wise and be aware.
Dont ever part with your money to get investors..or investment.
Any way in the words of Ronnie Corbet.. I digress..
Anybody know how I can find if any other Inventors have had similar experinces like mine.. Then I can put it all together and get some adverse publicity for the Show..
Nice chatting ..