Dragons' Den contestants who made millions after being snubbed (2024)

BBC's Dragons' Den has helped many budding entrepreneurs get their businesses off the ground by giving them the funding and support they need to take them to the next level. But some ideas fail to win over the Dragons, and they choose to back away instead.

However, this is not always the end of the story. In fact, a lot of entrepreneurs have steamed ahead without the millionaires' support and turned their ideas into big earners.

Now-household names including BrewDog and Trunki failed to win the Dragons' backing. At the time of their pitches, the feedback they received from the panel included one business not being "unique enough", one entrepreneur being told their approach was "how not to run a business" and another branded "unlikeable".

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But the contestants soon proved them wrong, with the Dragons surely regretting not buying a slice in the companies when they were just setting out. With Dragons' Den celebrating its 18th year on our screens after launching in January 2005, we decided to look back on the most successful companies the investors turned down.

BrewDog

Dragons' Den contestants who made millions after being snubbed (1)

Whether you've bought their drinks in pubs, found them in your local supermarket or even visited one of their own pubs, it's likely you've heard of BrewDog. But in 2009, nobody had heard of them, and that could have been the end of their company after the Dragons refused to invest.

They asked for a £100,000 investment in return for a 20 per cent of their business, but the idea was rejected because it wasn't "investment worthy nor unique enough", the Daily Star reports.

The business said it was a "huge kick in the teeth" for them at the time, and said that the rejection "still burns" to this day. But something that will definitely help sooth the pain will be the fact that BrewDog is valued at £1.6 billion by Forbes, meaning 20 per cent of the company would be worth around £320 million.

This would have made it the biggest success story in Dragons' Den history.

Trunki

Dragons' Den contestants who made millions after being snubbed (2)

When Rob Law, creator of Trunki, appeared on the show to pitch, he was immediately shut down - but now the children's rideable wheeled suitcases are seen everywhere, and many an adult has looked at them with envy.

Rob wanted £100,000 for 10 per cent of the company, but Theo Paphitis said he didn't like the design and Rob was unable to get his investment. However, it's far from a sad story for Rob, as his company is now worth more than £9.5 million.

Pasta Evangelists

Pasta Evangelists was founded when one of the three co-owners attended a pasta making workshop and found inspiration - using his grandmother's recipe to sell the first ever portion of gnocchi from the brand. In 2016, the three appeared on Dragons' Den to try to get a £75,000 investment in the company for a 1.5 per cent stake, but the pitch didn't go down well.

Jenny Campbell said: "I like it because it's a good lesson on how not to run and set up a business. This is pasta le disaster and I'm out."

Fellow Dragon Touker Suleyman branded the founders "delusional", but it was Pasta Evangelists that had the last laugh. With the product now stocked in shops such as Harrods, as well as Pasta Evangelists delivering fresh pasta ingredients across the country, the company is now worth £200 million, with the company turning over £14 million in revenue per year.

Tangle tee*zer

Dragons' Den contestants who made millions after being snubbed (4)

Tangle tee*zer is now a household name and sold in most cosmetic shops across the UK, but the Dragons turned it down back in 2007. The founder wanted £80,000 for 15 per cent of the business, but it failed to inspire the Dragons to dip into their wallets, as it was "just a brush" and it "won't make money".

The invention is 'just a brush', but as people with tangly hair will tell you, its design means it manages to undo those tangles more easily than 'normal' brushes. Now, the company is worth £65 million and continues to grow in popularity.

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Dragons' Den contestants who made millions after being snubbed (2024)

FAQs

Who was the successful rejected from dragons den? ›

Tangle tee*zer

Well, let's say the pitch didn't go very well, and Pulfrey heard the sentence "I'm out" repeated 5 times to him. In the ten months following the rejection, the Tangle tee*zer turned over £800,000, and a profit of £200,000.

What is the most successful product from dragons den? ›

The Chocbox, Magic Whiteboard, Wonderbly, Reggae Reggae Sauce, the Craft Gin Club and Skinny Tan are among some of the most successful pitches on Dragons' Den which received an investment.

Has anyone made money from dragons den? ›

A plastic case that allows electrical wires to be stored safely and securely, after granting the two Dragons' a 36% stake between them, ChocBox then scored a sales deal worth £25million. Just three months after he set foot in the Den, the partnership had made Peter a millionaire.

Who is the richest person on the dragon's den? ›

Peter Jones

He's the only Dragon still standing from the very first series 19 years ago, and he's also the richest. According to the Sunday Times Rich List in 2023, he reportedly has a net worth of £1.2billion. He started his journey to wealth as a young man by setting up his tennis coaching school.

Which one of the dragons died from dragons Den? ›

Former Dragons' Den star Hilary Devey has died aged 65.

The Bolton-born entrepreneur, who founded the multimillion-pound freight distribution business Pall-Ex in the 1990s, died at her holiday home in Morocco. Mr Webb said Devey was a "remarkable lady and an inspiration" who was "so proud" of her work on Dragons' Den.

What was the biggest deal in dragons Den history? ›

After appearing on the show, the group behind GoCompare.com bought the energy switching site. Mr Hodson and Mr De Zoete said the £8.5million sale meant the Dragons had more than doubled their money in less than 12 months and could triple their money.

Which Dragon is a billionaire? ›

Peter Jones literally and metaphorically dwarves the rest of the Dragons. The only Dragon still standing from the very first series 19 years ago, the business mogul is also the richest and reportedly has a net worth of £1.2billion, according to the Sunday Times Rich List in 2023.

Who owns dragons den? ›

The format was created and is owned by Nippon TV and is distributed by Sony Pictures Television. Local versions of the show have been produced in over 40 countries, as well as one for the Arab world and Morocco; in some countries, more than one version has been aired.

Have all five dragons ever invested? ›

Dragons' Den history was made as all five dragons invested in a business wih the lowest ever valuation presented on the show.

Do the dragons get paid for dragons den? ›

Here was me thinking they'd spend all day listening to pitches from entrepreneurs all for their own image and the chance at making money from the companies afterwards. But no, that's definitely not the case! The Dragons are actually paid a fair whack for their time in the Den, to add to their already huge net worths.

Do the dragons on dragons Den use their own money? ›

RULE 5: MULTI-DRAGON INVESTMENTS

Each Dragon is working as an individual investor. The Dragons can invest as little or as much of their own money as they want.

Did dragons den turn down brewdog? ›

'In 2009 we launched Equity For Punks as we pioneered a whole new generation of business model and built a global community of over 220,000 amazing investors. 'Our Dragon's Den rejection turned out to be one of the best things that ever happened to us. '

Who is the billionaire in Year of the Dragon? ›

Hong Kong tycoon Li Ka Shing, Alibaba co-founder Jack Ma, former Twitter CEO Jack Dorsey… were all born in the Year of Dragon in the Chinese zodiac.

Who is going to be in the new Dragons Den in 2024? ›

They're in: Gary Neville and Emma Grede join Dragons' Den as guest Dragons. Gary Neville and Emma Grede will be joining Peter Jones, Deborah Meaden, Touker Suleyman, Sara Davies and Steven Bartlett in 2024 for the new series of Dragons' Den.

How is Peter Jones so rich? ›

Peter's business career started at the tender age of 16 when he set up his own tennis academy. He went on to start his own computer business at 17, while studying A-Levels at school, which enabled him to become a millionaire at just 21 years of age.

Why did dragons den reject BrewDog? ›

But BrewDog founders James Watt and Martin Dickie were gutted when they didn't even make it that far. The duo went for a screen trial to appear in the Den in 2009, to ask for £100,000 for a 20 percent stake in the company. But they never appeared on the show as the producers decided their idea was not original enough.

Why did David Chilton leave dragons Den? ›

Chilton was contracted to stay with Dragons' Den until the ninth season, after which he announced he was leaving the show to "focus on his deals full-time." As a "Dragon", Chilton incorporated his philosophies and financial expertise into the investments he made on the show.

Why has Tej Lalvani left dragons Den? ›

leaving the page. Tej Lalvani has announced his departure from Dragons' Den after taking part in four series. The businessman explained in a Twitter thread that he was leaving his role as a 'Dragon' on the BBC show to focus on his vitamins company and his "portfolio of investments".

Why did Hilary leave dragons Den? ›

Hilary Devey

She joined Dragons' Den panel in February 2011 after Caan's departure. But she announced she was leaving in June 2012, after being tempted away by Channel 4 and more high-paying two-year deal.

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