The pitch
What walked into the Den
Emily Rudow and Kayla Nezon of Waterloo founded Oneiric Hockey, a maker of hockey training aids, and pitched in season 11, episode 6.
The pair asked for $50,000 in exchange for 20 percent, a $250,000 valuation for the training brand.
After the show
What happened next
Manjit Minhas put in $50,000 against a 5 percent royalty over five years, with an option to convert into equity later, and the pair took that over a straight-equity split.
Our read
The Hub verdict
At $50,000 for 20 percent, the $250,000 valuation is one of the most modest asks in the batch, which fits an early-stage training-gear brand.
Manjit Minhas handed over the full $50,000 and took no equity at all, structuring it as a 5 percent royalty running for five years with an option to buy into the company later. That is the most founder-friendly shape a Dragon offers: the money arrives, the cap table stays untouched, and the Dragon keeps the right to convert if the product proves itself. For a training aid selling to hockey parents at a low ticket price, a royalty on volume is also the cleanest way for an investor to get paid without waiting years for an exit.
