Magic Wand Remote Control Dragons Den is a part of the renowned TV series featuring the evolving ideas of the entrepreneurs has become an instant hit. The show, originally a concept from Japan, format being owned by Sony Pictures Television International and the show is a prime place where the entrepreneurs place their ideas forward to some of the richest venture capitalist panels to seek some investment finance. The Magic Wand Remote Control Dragons Den was the episode which unleashed the crazy invention of the stick alike Harry Potter’s wand and the particular episode really resembled a war among the panel.
Episode of Magic Wand Remote Control, Dragons Den was a sensational night for Richard Blakesley and Chris Bernardo. With their new invention of Magic Wand Remote Control Dragons Den was mesmerized with such a revolutionary invention of a wand resembling Harry Potter-style. The wand was designed to control any type of infrared device through different forms of switches and flicks.
Later this invention also revealed that, with the Magic Wand Remote Control Dragons Den experienced its greatest ever invention on the show. The invention of Magic Wand Remote Control Dragons Den was backed by the presence of both the inventors. The entrepreneurs entered the show with their revolutionary invention of Magic Wand Remote Control Dragons Den in the UK television in August 2010.
Both the partners marked their arrival at the Magic Wand Remote Control, Dragons Den with their own impressive CVs and that of the product. Having an experience of over 40 years in electronics market and a marvelous track record, they were simply impressive at Magic Wand Remote Control, Dragons Den episode. Primarily the partners were looking for an investment of £200,000 from their company Kymera against 10% stake equity of the company from the Dragons.
Their previous assignment was on the universal remote control from Kameleon where sales were recorded to be 2 million units, in the year 2002. The Magic Wand Remote Control Dragons Den was launched in 2009 just before Christmas and the sales accounted for a whopping 10,000 units. They made a markup of 200% on the product and they were with projections of net profits of £600,000 in the coming year. Therefore, with all their projections of Magic Wand Remote Control Dragons Den venture capitalists were really impressed and honing for investing in their project. Overall Magic Wand Remote Control Dragons Den episode was a breathtaking event along with a great invention.
In the Magic Wand Remote Control Dragons Den declarations the partners also announced about their deal with Skymall the internal flight magazine of US, which could be viewed by over 600 million flight passengers in the coming year. The five Dragons or venture capitalists present in the Magic Wand Remote Control Dragons Den episode were overwhelmed and started on with their negotiations with vibrant offers. The Magic Wand Remote Control Dragons Den saw bids worth of £900,000 and great offers being made which was for the equity buyouts. The project saw some immense potential to invest by the venture capitalists.
In the negotiation stage of the Magic Wand Remote Control Dragons Den – the dragons were involved in a bidding war, first Duncan Bannatyne offered £200,000 for acquiring a 30% stake over equity and would consequently dilute to 20% stake if the first year profit projections do meet. Followed by Peter Jones’, who offered £200,000 to acquire 25% equity shares. Then the bid at Magic Wand Remote Control Dragons Den was being made by Theo Paltis who overtook all the others. Theo Paltis offered £200,000 for a acquiring a 20% stake which would then fall to 12% on having met the profit projection in the coming year.
The other dragons at Magic Wand Remote Control Dragons Den quoted £100,000 for 20% stake in the company and would harp on the assumption only on matching the investment with any other dragons. James Cann offered a £200,000 which would be dropping to 10% if profit expectations were met. Finally the Magic Wand Remote Control Dragons Den experienced the best offer from Theo Paltis, the known figure in the market and was also accepted by the partners after a thorough consideration. In Magic Wand Remote Control Dragons Den they came out winners with their great innovation product.
During the Magic Wand Remote Control Dragons Den episode, there was much excitement and crazy ideas and the bidding war which made the show interesting. The decision was being refuted by a bid made by Duncan Bannatyne with a more stake to offer than initial, but finally things settled down with the duo considering the deals presented to them.
The offer from Theo Palphitis was very different from the others and they decided to take it after a thorough consideration. Theo Palphitis, made the Magic Wand Remote Control Dragons Den offer, on the basis of £200,000 and finally on attainment of the profit projections the venture capitalist would also dilute the stake to 10% of equity. The £200,000 offer of Magic Wand Remote Control Dragons Den invention was expected to be one of those best-selling items of Christmas 2010. The sales was expected to be influenced by the release and screening of the two Harry Potter movies during the later part of 2010 or in summer 2011. The partners of Magic Wand Remote Control Dragons Den mesmerized the five Dragons and were asked some questions.
The five dragons of Magic Wand Remote Control Dragons Den were moved by the description of the product and saw good potential in the product. Magic Wand Remote Control Dragons Den specified that they had prepared with a lot of care and had gone through all the possible angles of questions as related to the product. This made them extremely confident of their product in the show. No wonder the Dragons liked it all. The Magic Wand Remote Control, dragon’s den invention partners were into such invention from their childhood. They were very much looking forward to work with Duncan to which he ultimately agreed.