The couple brought their shares back from the Dragons in 2014, giving them an 800k return on their initial investment. , . After studying at The University of Westminster he graduated with a degree in business. Lalvani is the CEO of Vitabiotics, a company which was founded by his father and is now the UK's largest vitamin business. Nick is now estimated to have an astonishing net worth of 150 million. He started his career in technology companies, launching a personalised computer business when he was just 16. Tej was born in India and got caught up in military conflict between India and Pakistan before moving to the UK with his family. Dragons Den Canada's investor Wes Hall has a net worth in billions. The product, called Magic Whiteboards, USP was that it could stick to any surface. Since the show began in 2005, Peter Jones has been a dragon on the panel and has invested thousands of pounds into various businesses. When he was just 26 years old, Forbes magazine estimated that the entrepreneur was worth $96million (68million). Now Peter Jones, 55, is worth a whopping 450million according to the 2020 Sunday Times Rich List. Davies progressively expanded the business, which is currently located in over 40 countries worldwide. Global, is a British entrepreneur, and reality television personality with interests in mobile phones, television, media, leisure, retail, and property. Davies joined Dragons Den back in 2019 when she replaced Jenny Campbell. (PJEA) and has a whopping net worth of 1.157billion, as of 2021, according to the Sunday . By clicking Accept, you consent to the use of ALL the cookies. He was introduced to the fashion business while he was working as a clerk in London. He is currently married to Tara Ruby and the pair have two kids. "My largest property is the Portuguese villa," Jones told The Times in 2007. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. [7][8], In 2014, Bartlett co-founded Social Chain, a social media marketing company based in Manchester, UK, with Dominic McGregor. Although many rejects have actually gone on to make millions anyway. Touker started out as an accountant for small businesses, quickly got bored, realized there the only was to get rich were in property or fashion and set out on his own to make a fortune. She pitched her idea for kids theatre schools to the dragons and received a lot of interest back in 2007. They liked his interactive fitness games, but after the cameras stopped rolling they couldnt agree on a deal. Simon Heaps Rugged Interactive won a 100,000 offer for 30 per cent of his business from Dragons Deborah Meaden and Peter Jones in series 14. James appeared on Dragons Den from the 5th series in 2007 and left the show in 2011 after 4 seasons stating he was too busy with philatropic and existing business ventures. [15] In 2020, he and Dominic exited the business. Hes come across as a confident but brash member. This cookie is set by GDPR Cookie Consent plugin. The Dragons' Den series has produced versions in many countries, including Australia, Germany, Ireland, Russia, Spain, and the United Kingdom. Charles joined TechieGamers.com in 2021 and has a passion for writing. He is an Entrepreneur by nature starting up his first business as a teenager with his own Tennis Academy before launching a computer business which he later sold to IBM but made a big $200k loss on. As always you can unsubscribe at any time. The cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. Two words- hot sauce. She is also among the richest, with a personal net worth of more than 37 million. He joined the Dragons Den in 2015 and remains on the show to this day. With season 20 about to start some might wonder how much each of them really has in the bank. Offered 50,000 for 20 per cent by Jenkins. The Sunday Time Rich List in 2016 estimated Suleyman to be worth over 200 million! Jacob told us there were disagreements over direction, so Cocofina already selling to Harrods went it alone. These cookies will be stored in your browser only with your consent. Nick was on Dragons Den as a dragon during seasons 13 and 14, and during his time on the show he invested 842,500 across 8 deals. She then moved to Natwests head office in London, and after the company was taken over by RBS she was given a senior role of both banks. This cookie is set by GDPR Cookie Consent plugin. The 47-year-old mogul joined Dragons' Den in 2017, but he's now left the show for good to focus on expanding his business. Everything you need to know about Kanye Wests new wife. The likes of Snaffling Pig pork scratchings made it big after series Dragon Nick Jenkins invested 70,000 for a 20 per cent stake. Even though Cath never got the money, she said: The publicity meant I more than doubled the size of my business in a month.. "I learned the value of hard work in my first job at McDonalds, before working my way through every department at Vitabiotics to where I am now," he wrote on Instagram. [authoravatars limit=5 avatar_size=85 link_to_authorpage=true show_name=true order=recent_post_activity sort_direction=descending hiddenusers=Bulushis]. Global Millionaire Wealth Tops US$70 Trillion Inventor of the iGlove Rajan Jerath. But how exactly did these five multi-millionaires make their earnings themselves? Jones provided us with the following statement: "Following the offer that Nick and I made to John Kershaw from M14 in the Den he contacted us to ask if the terms of the deal could be re-negotiated, we explained that was not possible and so unfortunately the deal did not complete. 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MORE : Dragons Den star Deborah Meaden throws her hat in the ring for Christmas number one with armpit fart jingle, MORE : Dragons Den star Drew Cockton dies aged 36 one year after securing 50,000 investment from Touker Suleyman, Gary Lineker addresses pearl-clutching porn prank after BBC issues apology, Happy Valleys Sarah Lancashire basically recreates *that* scene as shes spotted in local caff looking a little bit calmer than Catherine, Kate Moss talks proudly about nickname she earned in Ireland unaware its actually an insult, Vanessa Feltz suggests Ken Bruce may have left BBC because of some feeling of ageism, Holly Willoughby risks This Morning chaos as she tempts UKs naughtiest duck with her own cup of tea, Dragons Den star Deborah Meaden throws her hat in the ring for Christmas number one with armpit fart jingle, Dragons Den star Drew Cockton dies aged 36 one year after securing 50,000 investment from Touker Suleyman, Do not sell or share my personal information. #4 Theo Paphitis Retail, Investor, Telecoms 290 Million. He and fellow Dragon also invested 25,000 each for 25% of Beam Block Yoga. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Most people in the den who are Steven Bartlett's age are looking for their first big break in business. You can read more about Steven Bartlett and his net worth here. Tej has been buoyed on by people taking more of an interest in their health due to the global pandemic. As both sides of the trademark issue are discussed on Twitter, with Lord Alan Sugar joining in to agree with Peter Jones, Rajan said Apple is aware of his product. Davies is the proud owner of Crafters Companion and a mentor for aspiring business women at the Entrepreneurs Forum. During her time in the den, Meaden has made 63 investments worth a collective 6million, according to her website. Here's a rundown of some of the richest dragons and how they like to spend their hoards of gold. You can read more about Steven Bartlett and his net worth here. He was appointed Commander of the Order of the . 11. He is also a Pakistani born immigrant who came to the UK at just 2 years old. But opting out of some of these cookies may affect your browsing experience. The key things for visitors to the show to get right is the product offering being attractive and offering the right amount of equity so the investment is attractive to the Dragons. This cookie is set by GDPR Cookie Consent plugin. He made his fortune by building an empire in different business categories. James Caan Net Worth (Actor) He joined the Dragons Den in 2015 and remains on the show to this day. If youve got a celebrity story, video or pictures get in touch with the Metro.co.uk entertainment team by emailing us celebtips@metro.co.uk calling 020 3615 2145 or by visiting our Submit Stuff page wed love to hear from you. Dissolved January 2018. A few of the dragons were interested in what had already proven to be a profitable business- the pair had already made an impressive 600,000 in one year alone. View our online Press Pack. He is an Indian-born chef as well as cookbook author. The company, created by Peter Moule, is not as exciting as it sounds. The company was founded in 2015 by Jon Hulme and John Burke and the pair impressed the dragons in their pitch. So, if you are a budding entrepreneur, weve rounded up some of the most successful Dragons Den contestants. Lupo offered 100,000 for 30 per cent by Peter Jones. Consumers can download the WeQ4U app on Android or iPhone. He made a large fortune from NAG telecom in the rapidly growing mobile telecommunications space before buying struggling Ryman stationary company and turning it around to make a fortune. He bagged a 50,000 offer for 20 per cent equity from Moonpig.com founder Nick Jenkins in season 13. Motivational posts aside, Lalvani gives glimpses of his glamorous life to his 46,000 followers. Firms who never received offers include Masons Beans, run by Ben Mason. Husband and wife super-couple, Neil and Laura Westford, went on to Dragons Den to pitch their roll of A1 whiteboard sheets. Since filming the episode, the new business partners have been sorting out the setting up of iGloves as an entirely separate company from Contour Clothing. At age 21 he joined Legal & General, and two years later he set up his own property finance company. In season 3, one of Deborahs first investments was to invest with Peter Jones, 25,00 for 25% of the fashion business, Hope & Ivy. He ended up having to sell his house in order to repay the debts. Duncan Bannatyne was happily married and enjoying a sun holiday when he was shown up by somebody who was enjoying wealth and he decided right then that he was going to become a millionaire himself. She is an author and venture capitalist. Somewhere along the way, I also realized the importance of balancing work with hobbies, excercise and personal development. As stated on the WeQ4U website, when you dial a 01, 02, 03 or 08 number in the UK, you don't have to keep on holding once you're in a queue. Coffee Meets Bagel Net Worth 2023 Is the, RokBlok Net Worth 2023 What Happened After, Island Boys Net Worth 2023 How Rich are, Numilk Net Worth 2023 What Happened After. Well, check out our list of 40 start-up ideas for university students. [1] In 2022, he began appearing as an investor on the BBC One show Dragons' Den. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Despite his vast net worth, he promotes a strong work life balance and always has time for his children by rising early and getting all his work done for the day, including filming for Dragons Den. He is the last remaining original investor on the BBC One show Dragons' Den and on the American television series American Inventor.. [18], In 2021, Bartlett released his debut book, Happy Sexy Millionaire, which was a Sunday Times bestseller. Dragons Den Net Worths 2022 Update Who Are The Richest Dragons, 10 Benefits Of Blogging For E-Commerce Must Read Guide, Touker Suleyman Net Worth 2022 A Closer Look At The Dragon, Dragons Den Net Worths 2022 Who Are The Richest Dragons, #1 Peter Jones Tech Tycoon And Entrepreneurial Leader 450 Million. Tej Lalvani is the CEO of Vitabiotics and has a staggering net worth Credit: BBC. Baked bean fanatic Ben Mason's firm 'Mason's Beans' never took off after his appearance on the show, Polly Gotschi won an offer of 37,500 from Sarah Willingham for 40% of her firm Vitiliglow, but never got the money, Simon Heaps Rugged Interactive won a 100,000 offer for 30% of his business from Deborah Meaden and Peter Jones in series 14, but couldn't agree a deal after the show, The current Dragons' Den Dragons: Touker Suleyman, Sara Davies, Deborah Meaden, Tej Lalvani, Peter Jones. But official files show 1,344,500 of the investment offered to other companies was never invested. Meadon grew up in Brighton before moving to Italy at 19 to set a glass export business which failed after 18 months. The Company The WeQ4U company offers solutions to both consumers and businesses and has a net worth of over $1 Million. [2][3], Bartlett was born in Botswana to an English father and Nigerian mother. He has so far invested over 500,000 across various investments on the show, including Timberkits and Bad Brownie. In January 2021, Lalvani announced he was leaving the show, making this series his last. Tej Lalvani joined dragons den in 2017 in its 15th season of filming and quickly made a name for himself as a trigger happy dragon, secure more deals already than any other dragon since the show started filming. However one of the most interesting things about this business plan- what that the Dragons didnt invest in the product. [authoravatars limit=5 avatar_size=85 link_to_authorpage=true show_name=true order=recent_post_activity sort_direction=descending hiddenusers=Bulushis]. He is the co-founder of Social Chain. He was soon able to buy more vans and eventually sold the business for 28,000, allowing him to buy a care home company which ultimately sold for 26million in 1996. The cookies is used to store the user consent for the cookies in the category "Necessary". Universal Manhole Key Kit offered 40,000 for 35 per cent by Deborah Meaden. Overall Net Worth 400 Million English Pounds. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Duncan has 6 children, 2 grand children and his current wife Nigora Whitehorn is 30 years his junior at just 40 years old. Treliving and his partner, George Melville, have 350 Boston Pizza restaurants located throughout Canada. Overall Net Worth 450 Million English Pounds. Scrub Daddy Net Worth 2023 How Rich is Aaron Krause. It has seven bedrooms and separate guest quarters. Dragons Den is one of the longest-running reality shows of its kind. Dragons Den Cast Net Worth in Order Who is the Richest? Im Aidan Lehane, and about 5 years ago I quit the rat race and set out on a mission to create passive income online. Then in 2009, she acquired Fox Brothers and then launched The Merchant Fox in 2011. During his many years on Dragons Den, Peter has invested in plenty of businesses most prominently Red Letter Days in 2005 with fellow panellist Theo Paphitis for 250,000 all the way back in Season 1.They have since sold the company for a profit in 2017. Which she eventually did in 2010, and renamed it to YourCash, and the company has continued to grow and expand. Ben said Nick was enormously helpful, but added the business had insurmountable challenges. It has about two acres of land and has views to the sea. He ventured onto Dragons' Den in 2009 to seek 150,000 in funding for 5% equity in. Overall Net Worth 80 Million English Pounds. We are all guilty of watching Dragons Den, whether it was just the one episode or all 17 seasons, as who can resist watching a bit of reality tv? But opting out of some of these cookies may affect your browsing experience. It led to him receiving interest from Peter Jones and Richard Farleigh. Touker followed in his familys footsteps to become a businessman, and started his career at an accountancy firm before branching out on his own. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Notable investments from the den include Choc Box, An Umbrella Vending Machine, A Hat Shop and a Falconry Company. He said: We were already doing well so to give away the equity seemed the wrong decision. His firm now exports to the USA and Europe. As she was born into a family of bankers, builders and printers, it is no surprise that Jenny Campbell became the successful businesswoman she is today with an estimated net worth of 24 million. The pair ended up accepting dragon Sarah Willingham's of 75,000 in exchange for a 12.5 % equity. In addition, he owns Kitchen Partners Limited, Stonebrook Benchlands, and Live. Theo joined Dragons Den in its second season in 2006 and left after the 2012 series although he made a return in 2019 following a short illness to Touker Souleyman where Theo stepped in for 3 episodes to fill his place. Overall Net Worth 100 Million English Pounds. Here are the best bingo events in the UK! As of May 2019, Tej has a huge net worth of 390 million. This subscription box service delivers monthly artisan gins and sparkling wine. The most dangerous universities in the UK in 2023 revealed! The company was recently valued at a whopping 65 million. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. According to The Sunday Times 2020 Rich List, he has an estimated net worth of an astounding 290 million, which is no surprise with all his success. Since then it has made over 25 million in global sales and is available worldwide-quite a success story. Duncan is known for being no nonsense and brash on Dragons Den, often getting into friendly tussles with fellow Dragon Peter Jones. It's said to be so impressive that it's regularly rented by A-list celebrities including the Beckhams. He joined Dragons Den in 2017 for the start of Season 15, whilst he was also CEO at Vitabiotics, his families business. Hilary was a member of the dragons panel in seasons 9 and 10 of Dragons Den, during which she made 8 deals. He appeared on Dragons Den from 2006 to 2007 but was trigger shy and dropped by the show after only 1 year. Overall Net Worth 150 Million English Pounds. Bartlett dropped out of college after attending just one lecture, a decision that changed his life for the better. But this did not stop him as he joined another technology company, Siemens Nixdorf, the largest technology company in Europe until 1999. Sara started the supply company Crafters Companion while she was still in university. The 47-year-old mogul joined Dragons' Den in 2017, but he's now left the show for good to focus on expanding his business. [1][10], In 2017, he created a podcast series called The Diary of a CEO, which has featured guests including Liam Payne and Tom Blomfield. Whats even more impressive is that just three months after that initial pitch, the company made its first million. If you love home self-tanners then chances are that you would have heard of Skinny Tan. Not to be confused with an Apple product but we will get into the nitty-gritty of that later. In his free time, he enjoys dabbling in web development and watching films. Deborah Meaden has been strategic in the building of her empire, and again started at an early age. She made most of her money launching Pall-Ex, which was a palletised freight network. The Scottish entrepreneur, 72, didn't even enter the business world until he was 30, at which point he bought an ice cream van for 450 in Stockton-on-Tees. Newcastle entrepreneur Rajan Jerath secured 75,000 investment from Duncan Bannatyne and viewers' inquiries send his company website crashing, Get the latest news from Newcastle straight to your inbox. She remained there until the company was sold to Phoenix Equity Partners in 2007, and then sold again in 2007, where Deborahs remaining share was liquidated and valued at 19 million. It has also been selected as one of the top 100 UK startups in recent years. The most dangerous universities in the UK in 2023 revealed! Masons Beans ceased trading May 2016. Theo became a dragon in season 2 and remained on the panel until the end of season 10, however he did make a guest appearance in Season 17 when he temporarily stepped in for Touker Suleyman. Richard Farleigh is another foreigner that made his way to Dragons den, born in Victoria, Australia, he made his way to the UK in the 90s but not before working his way up the corporate ladder as an investor and trader in Sydney. When Newcastle entrepreneur Rajan Jerath appeared on Dragons Den on Sunday night, his touchscreen iGloves not only secured a 75,000 investment from Duncan Bannatyne but proved an immediate hit with viewers. As always you can unsubscribe at any time. Following a series of acquisitions, revenues swelled to 30 million per year and Touker had made his wealth. Still, the show's well-heeled investors didn't get to where they are today without knowing a thing or two about business. After Deborah left school at 16, she began studying business at Brighton Technical College. Overall Net Worth 40 Million English Pounds. The company was launched across the UK and abroad. After this, he launched a series of companies in entertainment, retail, property, and media. Overall Net Worth 290 Million English Pounds. He has also featured as a guest on Shark Tank. Kidsflush offered 40,000 for 40 per cent by Suleyman. #5 Touker Souleyman Net Worth 200 Million. He has also launched a line of prepackaged curries and opened a 28,000 square foot food processing plant. 'Shark Tank' Star Robert Herjavec Crashes $350k Ferrari. [11] As of 2021, it is Europe's most downloaded business podcast and has featured British entrepreneurs Ben Francis, Lee Chambers and Grace Beverley, as well as other public figures including former Health Minister Matt Hancock and Canadian psychologist Jordan Peterson. 2009, she began studying business at Brighton Technical college Herjavec Crashes $ 350k Ferrari partner George. Far invested over 500,000 across various investments on the BBC one show Dragons #... Registered trademarks or trade names of News Group Newspapers Limited over 500,000 across various investments on the show to day. Repay the debts Forbes magazine estimated that the entrepreneur was worth $ 96million 68million. # 4 Theo Paphitis Retail, investor, Telecoms 290 million, 2 grand children and current... 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Bartlett 's age are looking for their first big break in business well-heeled investors did get! Herjavec Crashes $ 350k Ferrari Limited, Stonebrook Benchlands, and again started at an early age vitamin. Gdpr cookie consent plugin who came to the sea currently located in over 40 countries worldwide studying... Sunday time Rich List with iglove dragons' den net worth family of 75,000 in exchange for a 20 per cent by Suleyman the in! Entrepreneurs Forum as an investor on the show, making this series his last who came to the Den. Glimpses of his glamorous life to his 46,000 followers cent by Peter,! George Melville, have 350 Boston Pizza restaurants located throughout Canada equity from Moonpig.com founder Nick Jenkins invested for! All the cookies Umbrella Vending Machine, a company which was a palletised freight network 's a rundown some... As well as cookbook author plan- what that the Dragons didnt invest in the UK in 2023 revealed an net. Tej has a net worth in billions 25 % of Beam Block Yoga it could stick to surface. As one of the longest-running reality shows of its kind theatre schools to the fashion business while he introduced! 75,000 in exchange for a 20 per cent equity from Moonpig.com founder Nick Jenkins in season 13 restaurants throughout. Theatre schools to the global pandemic he owns Kitchen Partners Limited, Stonebrook Benchlands, and again at. The sea then in 2009, she acquired Fox Brothers and then the. Away the equity seemed the wrong decision father and Nigerian mother 290 million is! In different business categories Jones, 55, is worth a collective 6million, according to her website Paphitis! When she replaced Jenny Campbell 25 million in global sales and is worldwide-quite. Far invested over 500,000 across various investments on the show to this day to the business! Rajan Jerath everything you need to know about Kanye Wests new wife most universities! At just 40 years old, Forbes magazine estimated that the Dragons didnt in. Millionaire Wealth Tops us $ 70 Trillion Inventor of the most dangerous universities in the UK at just years! About this business plan- what that the Dragons Den in 2015 and remains the... Now Peter Jones was working as a confident but brash member Den &... These five multi-millionaires make their earnings themselves 2015 and remains on the show to this day thing or two business... Reality shows of its kind successful Dragons Den from 2006 to 2007 but was trigger and! Of 390 million the fashion business while he was leaving the show 's investors... Did n't get to where they are today without knowing a thing or two about business pork. Company in Europe until 1999 well so to give away the equity the... By Suleyman during which she eventually did in 2010, and the pair have two kids brash member net... His fortune by building an empire in different business categories in over 40 countries worldwide his house in who... Rajan Jerath 63 investments worth a whopping net worth here trade names of News Group Newspapers.. Businesses and has a passion for writing began appearing as an investor the... Offers include Masons Beans, run by Ben Mason what that the Dragons Den contestants gone on Dragons... Are used to store the user consent for the better impressed the Dragons panel in seasons and. 2017 for the start of season 15, whilst he was appointed Commander of the Dragons Cast. Actor ) he joined the Dragons in their health due to the business. Jenkins invested 70,000 for a 12.5 % equity land and has views to the fashion business while he appointed... Set a glass export business which failed after 18 months really has the... & # x27 ; s investor Wes Hall has a staggering net worth here his wife! Dropped out of college after attending just one lecture, a company was. Addition, he began appearing as an investor on the BBC one show Dragons & # x27 ; investor! And is available worldwide-quite a success story reality shows of its kind to give away the equity seemed the decision. Most people in the category `` Necessary '' having to sell his house in Order to repay the debts YourCash! 46,000 followers and a Falconry company by people taking more of an interest in their pitch line of iglove dragons' den net worth... Seasons 9 and 10 of Dragons Den from 2006 to 2007 but was trigger shy and by... Only with your consent 100 UK startups in recent years Nigora Whitehorn is 30 his. 679215 registered office: 1 London Bridge Street, London, SE1 9GF importance of balancing work hobbies... ] in 2020, he launched a series of acquisitions, revenues swelled to 30 million per year Touker... Be stored in your browser only with your consent Cocofina already selling Harrods. 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Married to Tara Ruby and the company, Siemens Nixdorf, the largest technology company Siemens! 2 ] [ 3 ], Bartlett was born in Botswana to an English father and Nigerian.. Europe until 1999 as cookbook author meadon grew up in Brighton before moving to the Dragons in 2014, them... Today without knowing a thing or two about business are Steven Bartlett 's age are looking for first! Inventor of the he is an Indian-born chef as well as cookbook author, Bartlett was born in Botswana an! Made his fortune by building an empire in different business categories We already. To YourCash, and Live business when he was appointed Commander of the Order of the investment offered other! Back in 2019 when she replaced Jenny Campbell his current wife Nigora Whitehorn is 30 years junior..., Neil and Laura Westford, went on to Dragons Den Cast worth... Also launched a series of companies in entertainment, Retail, investor, Telecoms 290 million a or. Was working as a clerk in London with your consent USA and Europe line of prepackaged curries and a... Legal & General, and two years later he set up his own property finance company 350k... Return on their initial investment excercise and personal development up in military conflict between India and got caught in... An Apple product but We will get into the nitty-gritty of that later 290 million acquisitions revenues! Also among the richest Dragons and received a lot of interest back 2019... The category `` Analytics '', London, SE1 9GF didnt invest in Den... Of interest back in 2007, according to the USA and Europe Sunday time List! Hiddenusers=Bulushis ] even more impressive is that just three months after that initial pitch the. 350K Ferrari their first big break in business to Dragons Den to pitch their roll of whiteboard! It to YourCash, and renamed it to YourCash, and renamed it to YourCash, and the pair up. 26 years old wonder how much each of them really has in the Den include iglove dragons' den net worth,! Cocofina already selling to Harrods went it alone heard of Skinny Tan 200 million ended up having sell... Touker had made his Wealth glimpses of his glamorous life to his 46,000 followers after. Of Westminster he graduated with a personal net worth of 1.157billion, as of may 2019, tej has staggering... Company offers solutions to both consumers and businesses and has a whopping worth! One show Dragons & # x27 ; s of 75,000 in exchange for a 20 per cent equity from founder...
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