Portmanteau Stereo Co.
Jay DeMerit and Jeff McConnell hope the Dragons will tune in to their high-end stereo shop business.
The ask
C$200,000 for 30%
Stated on air as “200K for 30%”
On-air result
Struck a deal
C$200,000 for 40%
Investing Dragon: Michael Wekerle
Pitched by: Jay DeMerit & Jeff "Heffe" McConnell
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The Dragons' Den Canada pitch
- C$200K
- Asked for
- 30%
- Equity offered
- C$667K
- Implied valuation
- S11
- Season
Jay DeMerit and Jeff McConnell hope the Dragons will tune in to their high-end stereo shop business.
Jay DeMerit & Jeff "Heffe" McConnell from Vancouver, BC entered the Den in Season 11 and asked the Dragons for C$200,000 in exchange for 30% of the business.
Michael Wekerle backed the pitch at C$200,000 for 40%.
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