The seventh and last entrepreneurs for this episode- Oshinaga Adeboye and Ope Osinobi came asking for 5 million naira to invest in “Young Soul Synergy” – the parent company for www.youngsouls.com ‘a youth targeted education business to bridge the gap between Africa and the rest of the world’. They were eloquent and confident presenters.

If securing an investment was facilitated on the sole basis of articulacy and passion, these young men would have walked away with the money they demanded for. But during the questions and answers it was discovered that they had a very insignificant subscriber base on their website. And according to them it would take about four years for the dragons to recoup their investment in the business.
Alexander Amosu, the technology guru amongst the dragons confessed his admiration of these young men, encouraging them to ‘grow gradually’ and ‘improve’ on what they had on ground so far by promoting their website in order to encourage young people to sign up.

This business idea was obviously purpose-driven, and these young men tried their best to communicate their passion and enthusiasm for their service

Femi Tejuoso was also impressed, and promised to talk to the producers on their behalf to grant them another shot at pitching their business before the dragons. In conclusion Femi Tejuoso advised:
“You have to move very quickly, there’re a million and one young people in Nigeria looking for something good to do…you have just given them an idea…”
The dragons are still in the den beckoning on the smart entrepreneurs with the smart business ideas to dare face them, and make them part with their hard-earned 50 million naira.
See you next week!
–The Den Sweeper.