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this early tech start-up grew into the marquee brand in online dating with over As an investor on CBC’s Dragons’ Den for three years ( ), Bruce.
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Double dating app saved from going bust after Dragon’s Den appearance
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The self-assured app entrepreneur appears to have an answer for everything. Then came the offers of investment. Moonpig founder Nick Jenkins was next, followed by Sarah Willingham. Told here for the first time, Kershaw picks up the story:. Everyone is keen to get the deal completed fast. M14 Industries founder John Kershaw. However, at around the same time, M14 was approached by one of its larger clients who, says its founder, had learned that the startup was preparing to take more investment and asked if they could be part of the deal.
Nick knows his way around tech investments, and is happy for us. Which, frankly, is fair enough. In a follow-up call, Jenkins also pointed out that agreeing to 20 percent in the Den, then closing at 6 percent a few months later, would cause trouble down the line for the show, and possibly lead to people not taking future deals seriously in the Den.
In a final, and perhaps ironic, twist of fate, the unnamed investor would also go on to pull out of the deal in favour of simply remaining a customer. Both Nick and I wish John and the business all the best for the future. Dragons’ Den.
Seven Dragons’ Den ‘failures’ that went on to earn millions
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By Jo Tweedy For Mailonline. A double dating app which encourages friends to date in pairs has won over the investors on BBC show Dragons Den. The romance-inspired business, started by Gary MacDonough, 28, Loren Gould, 29, and Ben Greenock, 26, encourages daters to meet prospective new love interests in groups rather than one-on-one. Scroll down for video. The trio, who say their eureka moment came when a friend said she wanted to take a friend along on a date so it wouldn’t be so awkward, launched Double in February this year.
But it hasn’t all been plain sailing. However they can now count one of Britain’s most successful entrepreneurs as a backer after Nick Jenkins fought off offers from fellow Dragons Deborah Meadon and Touker Suleyman to win a share of the business. The company, which began after a friend of Gould’s revealed her reluctance to meet a potential date, has since doubled in size and opened a second office in Scotland.
Unlike Tinder, daters on Double agree to meet in pairs which, the company founders say, means users have a less awkward and potentially safer experience. Hopeful daters pair up with a friend, left, and start swiping, as they would on Tinder, but with a pal for company. Gould says of their appearance on the show: ‘We didn’t think we had a chance at getting investment as we were a dating app and weren’t generating any revenue’.
When I asked if she would meet him she exclaimed it would be “too awkward and potentially unsafe”. Gould says of their appearance on the show: ‘We didn’t think we had a chance at getting investment as we were a dating app and weren’t generating any revenue. However, the Dragons clearly have a romantic side and Gould believes Jenkins has been a huge asset to the company since he came on board.
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Bruce Croxon wants to invest in the next Canadian wave. He speaks on the importance of collaboration, innovation, an open mind, and the need to stay on the cusp of technology when going after your business dreams. After co-founding Lavalife in , Bruce served in many roles with the company — partner, chairman, and CEO — guiding it to the position of category leader. Since then, Bruce has been active as both an investor and advisor in early stage companies in the technology and hospitality sectors, continuing to expand the reach of his entrepreneurial successes.
There are successful maverick entrepreneurs — but they are the exception and stand out because of it. Most successful businesses are built of partnership and collaboration. Bruce Croxon tackles these questions — and provides answers — head on. Clear vision and unwavering values are the driving force that built Lavalife into a million dollar business. Bruce Croxon shares his philosophy for business growth and success, and how the impact of decisions guided by core values, benefits recruitment, culture, innovation, and ultimately success.
Bruce Croxon shares marketing strategies and tales from the trenches from his vantage point at the helm of the very first on-line social network. Please visit The Spotlight Agency for more details.
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T he lift opens and out step three men dressed in garish heart-patterned suits. We thought there was no way we would be able to get a deal on there. We had to get our numbers down and have an answer for everything. In Gould was working in PR when his former university housemate MacDonough called him to see if he could help with a business venture selling Christmas jumpers that he had started with childhood friend Greenock.
This was the start of the collaboration that would lead to, and fund, dating app Double. The idea for the app came in when a female friend told MacDonough, as she was browsing Tinder, that she would never go on a date through the app.
Bruce Croxon (born January 1, ) is a Canadian entrepreneur, television personality, and venture capitalist. Croxon is currently a partner at Round13 Capital and co-host of BNN’s TV show, The Disruptors. Croxon co-founded the dating website Lavalife and joined the cast of CBC’s Dragons’ Den from This page was last edited on 26 July , at (UTC).
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‘WordPress for dating apps’ M14 Industries acquires Double, a ‘Tinder for double dates’
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How The M14 Industries Dragons’ Den Deal Collapsed · M14 industries M14 is already responsible for Bristlr, a niche dating site for beard lovers. Others to.
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