Originally Posted by Infinite
Anyone heard of VeryPC? Cause I know I havent.
A company worth 5 mil turns over 20k? Doesnt sound right to me.
I believe the turnover was more than that and the net profit after tax all expenses ie wages rent etc was £20,000, In the IT niche sector I think that is very good, most large companies hope to achieve 10% so they are not to far from that.
As for the programme, if we put aside that it is a bit of a pantomime, they are venture capitalists. They themselves have done nothing special, they are parasites. I have never heard of any of the companies they run. if they are honest, they have done nothing special. A lot if it is to do with being in the right place and the right time.
Anyone of us given the right circumstances could do what they do, they are nothing special. At least the company highlighted has come up with a good idea. Hey is it was that simple, why have Dell, IBM etc not done so already, not because it not hard to do , but thye have seen an opportunity.
Fair play to them, I hope they continue to do well.
As for the rudeness shown by the dragons apart from Mr Khan who at least took the time to speak about the figures, they just made themselves look like boligerant imbeciles and there is an old addage in business, remember those on the way up as you may meet them on the way down.
The firm will be better people than the Dragons ever will, and their millions can't change that.