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Technocolour Dreams Paint Party

Technocolour Dreams Paint Party

Who?

Yvonne Arbour and Dominic Sabourin from Brantford, Ontario.

Show

Dragons Den Season 10: Episode 21

u

Asking

$150k for 20%

Deal?

Nope

The Problem

There isn’t a real problem here, but Dominic claims that Canadians haven’t been exposed to the particular Party scene that his company features.

Their Solution

Dominic and Yvonne created the company Technicolour Dreams to bring a new and unique style of party to Canada. They use 100% non-toxic paint (Dom even drank a cup of it for effect), and the parties are marketed towards university students.

Feedback

Before any negotiations started, Dominic and Yvonne invited the Dragons to a sample Paint Party which looked like a lot of fun and was thoroughly enjoyed. However, once questioned about the valuation and their numbers, things started to get messy. They said each party costs about $10k, but they had no real set margin because the cover charge can fluctuate based on the venue. Furthermore, the risks involved were quite high because insurance to cover a 2000 person event, runs about $5000 – which would further cut into their profits. At the end of it all, the Dragons liked the concept but made no offers.

  • Uniqueness 85%
  • Visual Appeal 80%
  • Usefulness 60%
  • Overall 65%

Updates

If you’re interested in heading to an event, check out their listing on the Technocolour Dreams website, found here

The post Technocolour Dreams Paint Party appeared first on Invention Inspiration.



This post first appeared on Invention Inspiration, please read the originial post: here

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