Off topic: Dragons' Den UK
Thread poster: Madeleine MacRae Klintebo

Madeleine MacRae Klintebo  Identity Verified
United Kingdom
Local time: 18:42
Swedish to English
+ ...
Feb 28, 2007

How about getting one of those famous venture capitalists to invest in your translation business?

Dragons' Den (UK TV program) tonight was hilarious - a guy named Gavin came on asking for £250,000 for 4% in his business.

And what is his business? A combined machine translation tool and online agency. What a revolutionary idea!!!

And a newish translation business site worth a potentional £5 million+!!!

The most hilarious part was that he got
... See more
How about getting one of those famous venture capitalists to invest in your translation business?

Dragons' Den (UK TV program) tonight was hilarious - a guy named Gavin came on asking for £250,000 for 4% in his business.

And what is his business? A combined machine translation tool and online agency. What a revolutionary idea!!!

And a newish translation business site worth a potentional £5 million+!!!

The most hilarious part was that he got one of the "business angels" to offer £125,000 for 9%.

Alas poor Gavin, the way this program works is that you have to get all the money you asked for or you gets nothing. So, poor guy, he ended up with £0.

Now, let's not all rush off to write our very believable business plans and sign up with providers of free/cheap machine translation tools.

After seeing the next contestant's idea about mittens attached to a buggy, I'm now busy working on my old design for rain cover for parents of young children. (Please, no infringements of my future (?)patents).
Collapse


 

Adam Burman  Identity Verified
United Kingdom
Local time: 18:42
Spanish to English
+ ...
Good company Mar 7, 2007

I also saw this and recognised the company in question (two of my best projects have come from working with them!)

The company is obviously doing quite well - voted start-up of the year and has received good publicity. I don't want to sound like one of their representatives but I applaud Gavin for having gone on there, if for no other reason than to generate interest in his business. I even doubt how much they needed the capital from the Dragons - his proposal was almost impossible
... See more
I also saw this and recognised the company in question (two of my best projects have come from working with them!)

The company is obviously doing quite well - voted start-up of the year and has received good publicity. I don't want to sound like one of their representatives but I applaud Gavin for having gone on there, if for no other reason than to generate interest in his business. I even doubt how much they needed the capital from the Dragons - his proposal was almost impossible to accept in my eyes.

I also think that the online, machine translation proposal is probably just a new venture and their core business is outsourcing translations; both times I was contacted it was by phone and from different members of their team.

I would be interesting to look at their accounts to see how they arrived at their valuation of the business - from what I remember it was several million £.

Anyway, good luck to them I say!


Do you remember the episode with the guy trying to promote Reggae Reggae Sauce? In the news today as being a big hit and Sainsburys has now placed large order.
http://uk.news.yahoo.com/07032007/344/chef-s-reggae-sauce-sainsbury-s.html



[Edited at 2007-03-07 16:01]
Collapse


 


To report site rules violations or get help, contact a site moderator:


You can also contact site staff by submitting a support request »

Dragons' Den UK

Advanced search






WordFinder Unlimited
For clarity and excellence

WordFinder is the leading dictionary service that gives you the words you want anywhere, anytime. Access 260+ dictionaries from the world's leading dictionary publishers in virtually any device. Find the right word anywhere, anytime - online or offline.

More info »
SDL Trados Studio 2019 Freelance
The leading translation software used by over 250,000 translators.

SDL Trados Studio 2019 has evolved to bring translators a brand new experience. Designed with user experience at its core, Studio 2019 transforms how new users get up and running and helps experienced users make the most of the powerful features.

More info »



Forums
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search