The pitch
What walked into the Den
Tim Stanley presented Bottle Toss Band, a bar-game concept, in season 12, episode 9.
He asked for $250,000 in exchange for 10 percent, a split that implies a $2.5 million valuation.
After the show
What happened next
The Dragons passed, and Bottle Toss Band left without an investment.
Our read
The Hub verdict
Asking $250,000 for a tenth of a bar-game concept pencils out to a $2.5 million company, which is a steep price to put on a game rather than a business.
The Dragons passed. Bar games make their money through venues rather than consumers, so the pitch had to convince the room that pubs would buy and keep re-buying a novelty at scale, and a $2.5 million valuation left no room to be wrong about that.
