The Munich-based father-daughter team Armin Lutz Seidel and Romy Lindenberg have jointly founded the company Shavent. self-developed wet razors made of metal uses simple standard razor blades. Unlike plastic, rubber, and metal razor heads, these can be recycled. The mechanical engineer Armin Lutz Seidel says:
"In Germany alone, up to 500 million of these interchangeable heads end up in the trash every year. That's 3,000 tons per year, which is equivalent to the weight of the Statue of Liberty in New York times 13."
Romy Lindenberg reports that the company is already profitable and that the razor has been shipped as far away as Japan. The founding duo is offering eight percent of their company for 220,000 euros.
All investors are impressed by the high-quality feel of the razor. Carsten Maschmeyer However, he is the first to decline an offer. On the one hand, he himself only uses dry shavers, and on the other hand, he considers the company valuation of 2,750,000 euros too high. Dagmar Wöhrl is put off by the proposed assessment. After that, Judith Williams and Ralf Dümmel to discuss the advantages and disadvantages of online retail and brick-and-mortar retail. The two investors clearly want to convince the founding team of their own suitability as investors. Judith Williams then says:
“I think we’re about to have a really intense fight over both of you.”
Together with Nico Rosberg She then makes an offer: the requested 220,000 euros in return for a total of 20 percent of the company's shares. Williams also wants to contribute to the creation of a corresponding body care brand. Nico Rosberg emphasizes his strength in social media marketing. Ralf Dümmel also makes an offer to the founders, but only demands 15 percent of the shares in return for the capital. Dümmel, not surprisingly, touts his good contacts in the retail sector, so that he can convey the product's quality to customers in a tangible way.
Seidel and Lindenberg apparently prefer Ralf Dümmel in their consulting, but before they can say anything, Rosberg and Williams lower their demand to just 16 percent. Ultimately, the founders and investors agree on 7.5 percent each for Rosberg and Williams, for a total of 15 percent.
“Your idea is phenomenal” – but Lymb.io still comes away empty-handed
Markos Kern, founder of the startup Lymb.io, as the second Munich representative together with his CTO Ben Piltz ventured into the lion's den. Before the coronavirus pandemic, the company sold the 3 x 4 meter 'Multiwall' under the name Fun with Balls, primarily to fitness studios, hotels, and other business customers. This enables movement games and sports training with or without the use of balls. After this business sector collapsed sharply due to the coronavirus, the company developed the home version, Lymb.io. Together with a standard projector, the device forms a touch wall that enables 35 movement games for the living room. The startup is offering ten percent of its company shares for 1.6 million euros.
The product convinces the television investors on the show. However, the company's valuation of 16 million euros prevents them from investing.
“You are – I’m sorry, but this affects many companies – a Corona loser,”
says Carsten Maschmeyer.
“It’s not investable under these conditions.”
Judith Williams also rules out a deal with Lymb.io for herself:
"I think you have incredible potential. You have a super exciting topic that's very worthy of investment. But, in our opinion, the valuation you offered us today isn't worthy of investment."
Nico Rosberg initially praises the startup:
"Your idea is phenomenal. This is really very, very impressive."
Because of the valuation, Rosberg, Dagmar Wöhrl and Nils Glagau also say goodbye to the investor race.
