THE YOUNGEST EVER ENTREPRENEUR IN THE DEN | Dragons' Den - BBC

TL;DR

Teen founder seeks £50,000 investment for 5% equity in Football Billionaire, a trading card board game with impressive sales and licensing deals.

Transcript

hi dragons my name is Shea and I'm the founder of football billionaire and we're here today seeking an investment of 50 000 pounds in return for five percent equity of our company hi and I'm Raj Shay's father and the director of the company because she's only 15 and therefore too young to be so football billionaire is designed as a trading card boa... Read More

Key Insights

• 🥶 The 15-year-old founder impressed the investors with their pitch, showcasing their entrepreneurial skills and passion for the game.
• 🤝 Football Billionaire has already achieved significant sales and secured licensing deals, indicating its potential in the market.
• 👨‍💼 The founder's decision to seek investment and run the business independently shows their determination and belief in their product.
• 😤 The investors recognized the need for a team to support the founder's vision and offered their expertise and resources.
• 👾 The board game market is competitive, but the company believes in the potential of Football Billionaire and aims for significant growth within three years.
• ⏮️ The founder's previous involvement as the CEO of a biotech company showcases their experience and leadership abilities.
• 👾 Licensing deals with popular football clubs and securing the NFL license for the UK and Europe highlight the game's appeal and market potential.

Questions & Answers

Q: How did the founder come up with the idea for Football Billionaire?

The founder and his father, both Chelsea fans, sketched out the idea for the game after realizing their love for football and board games. They played it and found it to be brilliant.

Q: How does the company plan to handle tough competition in the board game market?

While the board game market is challenging, the company believes in the potential of Football Billionaire. They have plans to secure key retailers and aim to achieve a potential exit of £40 million within three years.

Q: Why did the founder seek investment instead of using their own money?

The founder wanted to prove themselves and run the business independently. Despite having money in the bank, they wanted to build the company from scratch and achieve success on their own.

Q: What offers were made to the founder by the investors?

One investor offered £50,000 for 25% equity, while another offered the same amount for 20% equity. The founder decided to accept the offer from the investor with experience in the board game market.

Summary & Key Takeaways

• Football Billionaire is a trading card board game created by a 15-year-old entrepreneur and his father, with the aim of becoming the most successful football club owner.

• The game has already sold approximately 65,000 copies and is expected to generate a turnover of £550,000 this year.

• The company has secured licensing deals with popular football clubs such as Chelsea and West Ham, as well as the NFL for the UK and Europe.