DRAGONS DEN ROLE PLAY N.B. WITH ANOTHER GROUP, YOU WILL HAVE TO PLAY BOTH ROLES IN THIS ROLE PLAY EXERCISE. YOU WILL SWITCH ROLES ONCE NEGOTIATIONS HAVE FINISHED. Explanation of show People who come on the show 'pitch' their businesses ideas or inventions to wealthy entrepreneurs - the Dragons. They must state how much money they want from the Dragons. In exchange they offer 'equity' in their business - a percentage which they can negotiate with the Dragons. The Dragons ask them questions to decide if they want to invest If the Dragons want to invest they make an offer. If they don't, they say, 'I'm out'' GROUP A – THE ENTREPRENEURS Role ● ● ● ● ● ● ● ● You need investment for your new business idea You need to come up with a business or invention that you will 'pitch' to the dragons You need to decide how much investment you need and how much equity you are prepared to give away You need to think about your idea - think about how you would answer some of the Dragons’ questions At the end of the question session you need to decide if you want to accept any of the offers You can negotiate the equity you are prepared to give away with the dragons If you agree on a deal with a dragon, shake their hand If more than one Dragon is interested then you can get them to negotiate GROUP B - THE DRAGONS Role ● ● ● ● ● ● Group A will pitch their idea or invention to you You have to ask them questions about their product to check if it is a good investment for you Brainstorm some questions so you are prepared for the pitch At the end of the pitch each dragon decides whether to invest or not If you want to invest you can try and negotiate the equity (percentage of the business that you want for your money) If you don't want to invest say 'I'm out' and give a reason why. Marks will be awarded for your level of English and your ability to negotiate. This may be group work but marks are awarded individually.