The pitch
What walked into the Den
Andrew Harsley brought Rapstrap to Dragons' Den in season 6, which aired in 2008.
In the pitch, Rapstrap asked the Dragons for £150,000 for 50% of the business, valuing the business at about £300,000.
After the show
What happened next
On air, Rapstrap agreed a deal of £150,000 for 50%, backed by Duncan Bannatyne and JamesCaan. The terms are quoted from the aired episode as public record.
Our read
The Hub verdict
Andrew Harsley's Rapstrap reimagined the humble cable tie as a waste-free alternative, and he pitched it hard in season 6, offering half of the business for 150,000 pounds. That fifty-percent stake values the company at 300,000 pounds, and two Dragons, Duncan Bannatyne and James Caan, took it together on the terms proposed. Parting with half your company between two investors is a serious commitment, but a green product needing manufacturing scale may well need that kind of muscle behind it. The 150,000-pound cheque was among the larger ones in this group, matching the ambition of the pitch. That was the format at its most transactional, and for a manufactured product needing tooling and volume it was often the only kind of money worth having.
