Nice Suit. No Plan!
The second entrepreneur came into the den wearing a very nice business suit, wielding two coconuts and a bottle…his introductory speech was very memorable, “this is coconut, this is coconut” he said brandishing each of the coconuts, “but this is coconut oil” he concluded raising the bottle proudly in the den. He asked for N35 million, but had no visible business plan on how he intended to use the money. Alex then asked him, “Put yourself in my shoes, just imagine I was wearing a nice suit like you’re wearing, with two coconuts and a bottle, and no business plan, asking you to give me 35 million naira- will you give it to me?” and the entrepreneur said he wouldn’t give such a person the money. That sealed his fate and all the dragons opted out immediately.
Did you see the show? What’s your opinion of what happened to “Mr. Coconut”?


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July 28th, 2008 at 1:21 pm
I know this guy! what was he thinking when he went in without his business plan? I actually expected him to pull some stunt. well hope he learnt his lessons.
July 29th, 2008 at 10:11 am
Honestly, that guy, Mr Coconut got me right from the very beginning. He has a nice idea except for his lack of a business plan. Had he done a bit more job, he would have got cash out of the den.
July 29th, 2008 at 11:47 am
for an art class,i would have stood up clapping for him for the suspense in the playlet.but for a business proposal,how the hell did he expect anyone to deduce how much money there is to make from coconut in three forms,not to talk about justifying the investment of over 30M in it.i actually did expect him to pull some stunt thereafter his intro but he was as flat as a pancake.
July 31st, 2008 at 8:33 pm
This one was fun for me. I mean, what’s a reality show without a dash of comedy. The guy was absolutley laffable. He currently ranks tops in my list of jokers. I however hope we don’t get to see too many of such in one episode, or it would become another “nite of a thousand laffs!”