Dragons' Den
Dragons' Den is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. The program originated in Japan, where it is known as The Tigers of Money, a pun on "The Tiger of Malaya", the nickname of WWII general Tomoyuki Yamashita. 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 nearly 30 countries, as well as one for the Arab world; in some countries, more than one version has been aired. The most popular name for the show is Dragons' Den or variations thereof, a name that originated in the United Kingdom. The show has also been titled Shark Tank and Lions' Den, and variations on those names, among others. In versions where the name of the show contains a creature's name, the investors are referred to by that name.
Format
The contestants are usually product designers or service operators who have what they consider to be a viable and potentially very profitable business idea, but who lack funding and direction. They pitch their idea to five rich entrepreneurial businesspeople, who in most iterations of the show are referred to as "dragons", "tigers", "lions" or "sharks". Before the show, the contestants have named a specific amount of money that they wish to get, and the rules stipulate that if they do not raise at least this amount from the dragons, they get nothing. In return, the contestant gives the dragons a percentage of the company's stock, which is the chief point of negotiation. The program does not show the entire pitch as scenes are selected and edited from the episode due to time constraints.The dragons probe the idea further once the contestant has made the presentation. This will either reveal a sound business proposition that the investor may become interested in investing capital in return for equity, or an embarrassing lack of preparation on the part of the contestant, the uncovering of troubling facts or other reasons which may play a factor in the investors consequently rejecting the investment. A contestant may give a counteroffer to the investors, if they feel their offer is not sufficient compared to the contestant's initial offer, which may also be subject to rejection if the investor feels the contestant asking for too high a monetary amount and/or an insufficiently low equity. The deals negotiated on the program may or may not actually be carried through.
Versions
Dragons' Den series have been produced in numerous countries. Apart from Japan the show names, structures, and styles are based upon the UK version.Afghanistan
In Afghanistan, the show is called Fikr wa Talash. The show's purpose is to encourage Afghans to embark on entrepreneurship. It aimed to promote entrepreneurial spirit among ordinary Afghans, with the show giving contestants a lifetime opportunity to pitch their creative business ideas before a panel of business tycoons and walk away with the cash prize of US$20,000.The show began in 2008 on TOLO TV. The first series ended in August 2008, with the final contestant, Faizulhaq Moshkani, winning $20,000 towards his plastic recycling business. At the time of the show, he owned a plastic recycling plant in Qandahar in southern Afghanistan. After winning, Moshkani shut the factory due to the high cost of fuel to power generators. Instead, he used the $20,000 prize money to move the business to Kabul, where he planned to build a miniature hydroelectric plant to power the new recycling plant. Mariam Al Ahmadi collected the runner-up prize of $10,000.
In the second season, a follow-up episode was introduced with the top contestants tracking their progress in their businesses.
The show was produced by Bamyan media with the help of the Moby Group's strategic communications arm, Lapis Ltd, and aired on the Group's most popular channel in Afghanistan, TOLO TV, reaching an estimated 7 million viewers in 2010.
Fikr wa Talash was sponsored by USAID, Roshan telecommunication and Bank e Milli. The host is Ramiz Baktiar. Like the Egyptian version, it was created by Anna Elliot, founder of the NGO Bamyan Media.
Arab world
In the Arab world, Dragons' Den was known as Dragons' Den: Al Aareen العرين. It was broadcast on the Lebanese channel Future Television and was hosted by Ibrahim Abu Jawdeh. The show received contestants from various Arab countries.The panel of Dragons for the 2007 series consisted of:
- Omar El-Quqa
- Ahmad Tantash
- Nassif Karam
- Roger Azar
Egypt
Australia
Dragons' Den (2005 Version)
The Australian version of Dragons' Den was broadcast on the Seven Network and hosted by Andrew O'Keefe. Unlike in other versions, the host ran through the outline of the business with the contestant before the contestant began negotiating with the Dragons for a deal. The show was produced by Michael Horrock. The Australian Dragons were:- Peter Higgins
- Sarina Russo
- Darryn Lyons
*
The Seven Network announced in December 2005 that the show would not be back for a second season after poor ratings.
Shark Tank (2015 Version)
The format was revived by Network Ten, under the American Shark Tank name, for a show that premiered February 2015. The Sharks for this edition are Janine Allis, Andrew Banks, Steve Baxter, John McGrath and Naomi Simson. The show is hosted by Sarah Harris. Unlike 7's previous edition, the show was successful and returned for a second season in 2016.Austria
The Austrian version is called ''2 Minuten 2 Million "2 Minutes 2 Million". It debuted on Puls 4.Belgium
The Belgian version is called .Brazil
The Brazilian version is called Shark Tank Brasil — Negociando com Tubarões. It debuted in on October 2016. The sharks have included João Appolinário, Cristiana Arcangeli, Robinson Shiba, Sorocaba, Camila Farani, José Semezato, Carlos Wizard Martins and Caito Maia. Specials episodes included Roberto Justus, Luiza and others.Canada
English version
The English-language Canadian version of Dragons' Den began airing in 2006.The Canadian Dragons were:
French version
The French-language version, :fr:Dans l'œil du dragon, began airing in 2012, hosted by Paul Houde.Past and present dragons include:
- Dany Vachon — co-founder of Impera Advisory Inc, PVG Partners LLC and Fusion Immunovative/NVNC
- Danièle Henkel — president and founder of Danièle Henkel Inc
- François Lambert — co-founder of Aheeva and Atelka
- Gaétan Frigon — executive chairman of Publipage
- Normand Legault
- Alexandre Taillefer
- Serge Beauchemin
- Martin-Luc Archambault
- Mitch Garber
China
Past and present Chinese Dragons include:
- Bob Xu, co-founder of New Oriental Education and ZhenFund
- Annabelle Long Yu, CEO of Bertelsmann China
- Li Guoqing, co-founder & CEO of Dang Dang
- Yao Jinbo, Founder & CEO of 58.com
- Hugo Shong, chairman of IDG Greater China
- Zhou Hongyi, co-founder and CEO of Qihoo 360
- Jerry Huang, founder and CEO of Gaudi Capital
Colombia
Colombian sharks include:
- Alexander Torrenegra
- Leonardo Wehe
- Ricardo Leyva Gutiérrez
- Juliana Barreto
- Frank Kanayet
- Mauricio Hoyos
Croatia
Contracted Croatian Dragons were:
- Maja Pečarević — owner of Generalturist, the leading and oldest travel agency in Croatia.
- Hrvoje Prpić — owner of Smee d.o.o, bamboo flooring company.
- Davor Štern — owner of Trade Consulting d.o.o., business consulting company.
- Juroslav Buljubašić — co-owner of Blue Line International, the international maritime company.
- Branko Roglić — owner of Orbico, one of the leading importers and distributors of various consumer goods and toys in Croatia.
Czech Republic
In the Czech Republic, the show is called Den D.It first aired on 31 March 2009 on Czech TV, in a very similar set up to the British version of BBC.
The show is hosted by radio host Jan Pokorny and the dragon investors are:
- Ivan Pilny – former general manager of Microsoft in the Czech Republic, chairman of the board of Czech Telecom and entrepreneur
- Marta Novakova – founder and CEO of U&SLUNO software company
- Ondrej Bartos – serial entrepreneur, consultant and venture capitalist, Partner with Credo Ventures
- Dana Berova – former minister of informatics, entrepreneur and business development director of Gartner
- Tomio Okamura – Czech-Japanese entrepreneur in travel and retail
- Michael Rostock – investment banker and advisor with Venture Investors Corporate Finance
Denmark
A Danish version of the show, Løvens Hule Lions' Den), began airing in April 2015. The five "lions" in the first season were Christian Stadil, Birgit Aaby, Tommy Ahlers, Ilse Jacobsen and Jesper Buch. Only Jesper Buch remains as of 2020.Finland
Lion's Mouth (2007)
In Finland, the first version of the show was Leijonan kita, which means the jaws or the mouth of a lion. The show began running on 27 September 2007 on the MTV3 channel and aired for one season. It was hosted by Anna Sorainen. The local leijonat were Kyösti Kakkonen, Eero Lehti, Toivo Sukari, Lisa Sounio and Kaija Ward.Lion's Den (2013)
In February 2013 the show re-emerged on the Nelonen channel, this time named Leijonan luola. The show was hosted by Kirsi Salo, and the new lions were Riku Asikainen, Jorma Terentjeff, Ari Lahti, Anne Berner and Oskari Lehtonen.France
The French version is called Qui veut être mon associé ? . It debuted on 14 February 2020 on M6.Germany
The German version is called Die Höhle der Löwen. It debuted on 19 August 2014 on VOX. The German "lions" are:- Vural Öger — Travel entrepreneur
- Jochen Schweizer — Pioneer of bungee jumping in Germany, founder of a German web portal for adventure gifts
- Lencke Wischhusen — chairwoman of German Federal Association of Young Entrepreneurs, Bremen head of the Free Democratic Party
- Frank Thelen – managing director of a venture capital and private equity company
- Judith Williams — shopping channel presenter and businesswoman with her own fashion and jewellery lines
- Carsten Maschmeyer — founder of financial services company AWD Holding and investor in technology and health care companies
- Ralf Dümmel — head of consumer goods company DS Produkte
- Dagmar Wöhrl — lawyer, entrepreneur, and politician
Ireland
An Irish version of the show began in 2009 on RTÉ One, the state broadcaster. It is presented by Richard Curran, deputy editor of The Sunday Business Post.The Irish Dragons are/were:
The Dragons have appeared on television in Ireland, in promotion of the series, on Tubridy Tonight, on RTÉ One. RTÉ started broadcasting show promos after Christmas 2008 as part of their winter line-up.
The first episode was broadcast on 19 February 2009.
A third season of Dragons' Den began airing on RTÉ One, on Thursday, 20 February 2011. Norah Casey was the new Dragon for the third season. Episodes at the end of the third season, for the first time on Dragons' Den in Ireland, showed the Dragons on tour visiting their past investments.
A fourth season of Dragons' Den was commissioned. Sean O'Sullivan replaced Seán Gallagher. Sean is co-founder at Avego Ltd, based in Kinsale.
For the fourth series of Dragons' Den, a live, interactive "Sixth Dragon Game" was developed to be played whilst watching the show, in which viewers are able to decide in real time if they're IN or OUT as the pitches unfold. The "Sixth Dragon Game" is the first live, interactive game for a TV show in Ireland.
Israel
In Israel, Dragons' Den is entitled Hakrishim, Hebrew for "The Sharks". It was produced by Gil Productions and was broadcast on the now defunct Channel 10. It was hosted by Guy Zohar. In the Israeli version, there were six dragons who rotate their appearance weekly. The first season was broadcast during the summer and fall of 2006.The second season began being broadcast on Channel 10 on 24 May 2007. As in the first season, the dragons rotated their appearance weekly. Aviv Tzidon and Jacky Ben-Zaken returned from the first season and were joined by the following new dragons:
- Yossi Moldavsky
- Nir Barkat
- Amir Eyal
- Roni Ross
- Amos Luzon
Titled マネーの虎, this is the original version. It was created by and broadcast on Nippon Television from 2001 to 2004. It was the first entertainment programme in the history of Japanese television that dealt with the concept of business investment. During its three-year run, as many as 16 business executives appeared in the programme as Tigers.
Kenya
The premier of Lion's Den was in October 2016 on NTV. The show was sponsored by KCB Group, the largest commercial bank in East Africa. The format was introduced to Kenya by Quite Bright Films Kenya Ltd who produce the show in Nairobi.The Kenyan Lions are:
- Darshan Chandaria, director and Group CEO of Chandaria group
- Kris Senanu, venture capitalist
- Myke Rabar, entertainment Guru
- Olive Gachara, businesswoman in fashion and image consultancy
- Wandia Gichuru, businesswoman with own fashion lines and stores
Mexico
The sharks were:
- Ana Victoria García
- Arturo Elías Ayub
- Carlos Bremer
- Jorge Vergara
- Rodrigo Herrera Aspra
- Patricia Armendáriz
- Marcus Dantus
- Luis Harvey
Nepal
Netherlands
In the Netherlands the show ran on Nederland 3 for three seasons. The first season was broadcast in May 2007, every Friday at 20:25. The second season was broadcast in May 2008, every Monday at 21:25. Both seasons were hosted by Jort Kelder. The dragons were:In 2020 a third season was broadcast on NPO 1, hosted by Sander Schimmelpenninck.
The dragons were:
Initially, the UK and Australian series of Dragons' Den were broadcast in New Zealand before a local version was produced by Eyeworks Television. It broadcast on TV One in 2006 and was hosted by Rawdon Christie. The dragons were:
- Julie Christie
- Bob Jones
- Annette Presley
- Paul Webb
- Barry Colman
Nigeria
The Nigerian Dragons were:
- Prince Femi Tejuoso
- Ibukun Awosika
- Chris Parkes
- Alexander Amosu
- John Momoh
- Tokunboh Ishmael
Pakistan
The judges include:
- Salim Ghauri, Founder and CEO of Netsol technologies Ltd
- Naeem Zamindar, Pakistan Country Director and CEO of Acumen
- Humayun Mazhar, Founder, CEO and Chairman at CresVentures
Poland
The largest investment ever secured on the program was 15,000,000 PLN, on 24 April 2011.
The Polish Dragons in 2011 were:
- Maciej Kaczmarski, founder, "Kaczmarski Inkasso companies", "National Debt Register" and "Reliable Company", called the king of Polish recovery
- Anna Garwolińska, head of "Glaubicz Garwolińska Consultants"
- Grzegorz Hajdarowicz, owner of the "Group Gremi"
- Marian Owerko, CEO Bakalland
- Krzysztof Golonka, president of an investment fund "Xevin"
Portugal
The Portuguese Sharks are:
- Mário Ferreira
- João Rafael Koehler
- Susana Sequeira
- Tim Vieira
- Miguel Ribeiro Ferreira
Romania
- Marius Ghenea
- Dragos Anastasiu
- Florin Talpes
- Mircea Tudor
- Mihaela Nicola
- Cristina Batlan
- Orlando Szasz
The show was released again in 2019 under the name Imperiul Leilor. The new Romanian lions are:
There was a Russian version of the show called KAPITAL.
Saudi Arabia
Saudi Arabian broadcaster STV1 showed the BBC version of Dragons' Den in 2010, then broadcast a local version in 2011. It was called التجار, or "Traders". The dragons were:- Saleh Kamel
- Ahmed Fitihy
- Nashwa Altahir
- Altaiar
- Alhalafy
Slovenia
The Slovenian investors were:
- Branko Drobnak, Procurator at Alta Skupina d.d., a asset management, non-discretional brokerage services, corporate finance services, accounting and audit services company. He is part of The Business Angels Club of Slovenia and non-executive Chairman of Acies bio d.o.o, a biotechnology contract research organization.
- Borut Rismal General Manager, CHS d.o.o., a computer peripherals distribution company
- Daniela Bervar Country Manager for Slovenia at Cotrugli Business School and co-owner of MEDIA LAB d.o.o. deal of the day business company.
- Jure Mikuž founder of RSG Capital, a venture-capital management company
- Matjaž Krč, a business angel and Managing Director at Ideus d.o.o., business consulting services for small and mid-sized companies.
South Africa
The South African "dragons" were:
- Lebo Gunguluza, runs Gunguluza Enterprises & Media which boasts 12 print publications, stakes in numerous hotels and a car-hire business.
- Vusi Thembekwayo, a motivational speaker and CEO of Watermark Pan-African Capital Ltd, with over ZAR4,32 billion in capital.
- Polo Leteka Radebe, CEO of Identity Partners, a small and medium enterprises advisory and fund management services firm founded in 2007
- Vinny Lingham, a serial internet entrepreneur from Cape Town with ties to Silicon Valley.
- Gil Oved, founder and co-CEO of The Creative Counsel, an advertising agency with over ZAR600 million in turnover per year.
The "sharks" are:
- Dawn Nathan-Jones
- Vinny Lingham
- Romeo Kumalo
- Marnus Broodryk
- Gil Oved
Spain
Sri Lanka
The Sri Lankan version is called "Ath Pavura", which means "Wall of Tuskers". It debuted on Independent Television Network on September 24, 2017. Unlike the other versions, the Sri Lankan version focuses on social entrepreneurs and impact investors.Sweden
The British version was on air in Sweden for several years on TV8 and BBC Prime. A Swedish version called Draknästet was broadcast in 2009 on Sveriges Television. A second season started in March 2010.The Swedish Dragons 2010 are:
- Mats Gabrielsson, who sold his IT firm in the late 1980s for over $100 million
- Douglas Roos founder and chairman of nyheter24.se
- Susanna Falkengren cofounder and member of Exipos Invest
- Sven Hagströmer founder of HQ, Avanza, Investment AB Öresund and also in the board for the public companies Bilia, Eworks and Insplanet
- Richard Båge, founder of Insplanet IPO in 2006, founder and chairman of Mediaplanet
- Gunilla von Platen CEO and founder of Xzakt Kundrelation, a telemarketing company located in Sweden
- Ljubo Mrnjavac sold his fast food company Pölsemannen 2002. Today active in real estate
Thailand
Turkey
The Turkish version of Dragons' Den is on BloombergHT. Baybars Altuntaş is one of the dragons.Ukraine
In Ukraine, the series was called Акули бізнесу and featured Dragons such as future presidential candidate Serhiy Tihipko.United Kingdom
In the UK, Dragons' Den is broadcast on BBC Two, which has exclusive rights to the show's format from its Japanese producers. The Executive Producer is Dominic Bird and it is hosted by BBC Newsnight presenter Evan Davis.The Dragons are/were:
During filming for series 17, Touker Suleyman fell ill with pneumonia and was unable to appear on the show for the second half of the series; Theo Paphitis returned temporarily to cover his place.
United States
In 2008, television producer Mark Burnett signed a deal with format holder Sony to produce an American version of the series. The series on U.S. television is titled Shark Tank.The U.S. network ABC ordered a pilot episode which was produced by Sony Pictures TV. On October 9, 2008, a casting producer announced that The Shark Tank was accepting applications for a pilot, giving entrepreneurs two weeks to submit their ideas. The pilot was filmed from January 6 to January 9, 2009 in Los Angeles.
On September 23, 2016, Shark Tank began its eighth season. The current "sharks" are:
- Robert Herjavec, who sold his IT security firm at the height of the dot-com bubble for over $100 million. Previously appeared on the Canadian version of Dragon's Den.
- Lori Greiner, President and CEO of For Your Ease Only, as well as host of a monthly show on the QVC Network.
- Kevin O'Leary, former co-host of The Lang and O'Leary Exchange on CBC News Network, formerly president of The Learning Company, which was sold to Mattel for $3.7 billion in 1999. Previously appeared on the Canadian version of Dragon's Den.
- Barbara Corcoran, self-made real estate millionaire who sold her company The Corcoran Group for $66 million in 2001.
- Daymond John, founder of FUBU.
- Mark Cuban, owner of the National Basketball Association's Dallas Mavericks and billionaire entrepreneur.
Unlike versions of the show in other countries, the U.S. version uses a rotating cast of sharks every season, of which five usually appear in each episode, although all six sharks have occasionally appeared on a single episode. Also on occasion, guest investors fill in for a regular shark on the panel. Past guest investors include:
- Jeff Foxworthy, comedian and television personality.
- Steve Tisch, Chairman and Executive Vice President of the New York Giants.
- John Paul DeJoria, founder of John Paul Mitchell Systems haircare line and Patrón.
- Nick Woodman, the founder and CEO of GoPro.
- Chris Sacca, Proprietor of Lowercase Capital which made early investments in companies including Uber, Twitter, Kickstarter and Instagram.
- Ashton Kutcher, American actor and investor.
- Troy Carter, Founder, chairman and CEO of Atom Factory
- Alex Rodriguez, retired Major League Baseball player, currently ESPN Sunday Night Baseball commentator and investor.
- Jamie Siminoff, Founder of Ring Inc.
Vietnam