The fourth entrepreneur, Joshua Bright needed 8.8 million naira in exchanged for 85% equity in his agricultural business, where he would deal in livestock and crops.
“I have 8 years of experience in farming, and I understand the language of animals…”, He said, enthusiastic and passionate about the business, Joshua Bright however flunked when huge disparity in figures were observed in his business plan in contrast to the figures he had used in his pitch earlier.

In addition to that, Joshua wanted to compete with his present employer who happens to be his father – and his smart strategy was to poach two of his father’s best workers who also happen to be his brothers to come work for him for free for a period one year, “I’m not going to pay my brothers for a period of one year…” he had stated meekly.
“So, why would they leave your father (their present employer) who pays them to join you who wouldn’t pay them?” Femi Tejuoso asked.
The dragons declared out!
The fifth entrepreneur, Mr Ogundele came to the den with an idea that could help sanitize the environment, ridding our land and waters of chemical and industrial pollutants. He believed his potential clients and customers would comprise of the federal government and the big oil firms currently operating in the Niger-Delta. However his pricing was an issue of grave concern to the dragons.

According to him, 10, 000 barrels of crude oil cost about 1.35 million US dollars, while cleaning 10, 000 barrels of crude oil will cost the customer 20 million dollars.
“Why should I clean up 1.35 million dollars worth of crude oil with 20 million dollars?”
After a brief debate, the dragons all opted out.

The sixth entrepreneur, Joseph Ejido, a lecturer from the Delta State Polytechnic came to the den in search of 22.5 million naira in exchange for 40% equity in his “Integrated Fish farming” business. Shortly after his presentation, the dragons discovered that his financial projections were flawed, and were of the opinion that enough thought wasn’t given to the business before the entrepreneur came to make his presentation.

On that note, the dragons opted out.

–The Den Sweeper