54-40
A Canadian rock group hopes a sample of their music can help them work out a deal with the Dragons.
The ask
C$500,000 for 5%
Stated on air as “500K for 5% royalty for 5 years”
On-air result
Struck a deal
C$500,000 for 10%
Investing Dragon: Michael Wekerle
Pitched by: Allen Moy, 54-40
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Visit the official siteFrom the show
The Dragons' Den Canada pitch
- C$500K
- Asked for
- 5%
- Equity offered
- C$10M
- Implied valuation
- S12
- Season
A Canadian rock group hopes a sample of their music can help them work out a deal with the Dragons.
Allen Moy, 54-40 from Delta, BC entered the Den in Season 12 and asked the Dragons for C$500,000 in exchange for 5% of the business.
Michael Wekerle backed the pitch at C$500,000 for 10%.
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