Was there actually an investment strategy behind the hedge fund idea? Or was the idea simply to use Sugar's name to draw in other investors?
― Bob Six, Monday, 4 June 2012 09:08 (11 months ago) Permalink
Did Nick say it could be bigger than Google or Facebook or was that something Sugar/Claude said because that's all they know about the internet?
― nate woolls, Monday, 4 June 2012 09:14 (11 months ago) Permalink
As I understand it Nick's idea was creating a button that would link recipe sites (like bbcgoodfood) to online grocery retailers (like Ocado). In principle an interesting idea. Who would use it? Well I know people who use both those sites so maybe them. I think the problems were probably in the details, it definitely had more scope to fail compared to Ricky's.
― mmmm, Monday, 4 June 2012 09:19 (11 months ago) Permalink
Yeah that's what I thought it was. A browser add-on, rather than the "web page" Sugar/Claude kept calling it.
― nate woolls, Monday, 4 June 2012 09:21 (11 months ago) Permalink
Nick actually made that comparison himself. I'm all for dreaming big but no.
― Get wolves (DL), Monday, 4 June 2012 09:22 (11 months ago) Permalink
Ah did he? That was silly. He should've kept their expectations realistic by telling them it could be as big as last.fm. I'm sure they would've got that.
― nate woolls, Monday, 4 June 2012 09:24 (11 months ago) Permalink
I couldn't get my head around the wine investment proposal. Was he asking for 250k in order to raise 25mil on which he would invest purely in wine? The question for me would be who is ready to invest now? 250k could be done in a couple of months of client entertainment with £0 at the end of it.
― mmmm, Monday, 4 June 2012 09:25 (11 months ago) Permalink
I still think this shift to business partners rather than actual apprentices is a disaster. It doesn't matter how well you do over 12 weeks of tasks - it all comes down to the one idea you had before you started, so it's basically become the world's longest episode of Dragon's Den. Although in this case (unlike inventor Tom) Ricky would have won the old format too - imo he's clearly the most impressive individual in terms of working with others, keeping his cool, learning from his mistakes, etc. But it still feels like an illogical process and I miss the old format of interviews in the penultimate episode then the big get-the-old-gang-back-together finale.
― Get wolves (DL), Monday, 4 June 2012 10:57 (11 months ago) Permalink
The wine investment thing works pretty much the same as how people invest in gold: you don't actually get to have any, but you 'sort of' own some until you sell it.
So, basically there were two excellent ideas, one fair to middling one, and one that the contestant had pretty much admitted she wouldn't propose if she'd had the time to re-submit "sweet things", etc.
And that AlSug was 'too old' to do the wine investment thing and all the learning involved. Maybe Branson would?
― Mark G, Thursday, 7 June 2012 08:58 (11 months ago) Permalink