Carsten Maschmeier found clear words in “The Lions’ Den.”Photo: RTL / Bernd Michael Maurer
In the October 2nd issue of “The Lions’ Den,” startup founders do everything they can to convince people of their “Lions’ Den” ideas. There are many again, from online platforms to cooking oils and beverage coolers.
Friends of Oil is an exceptional family business. The founder was only 16 years old when he visited Löwen Arena. Teenager Paul Belthel runs a high-quality cooking oil company, and his business is doing so well that he can employ the whole family.
A confident 16-year-old girl in “DHDL”
His mother, Yvonne, takes care of the office work, while his father, Jürgen, manages the production. The whole family is involved, but in the end 16-year-old Paul is the head of the company. “I’m the boss, I run the business and my dad can give good advice, but ultimately I make the decisions,” Paul explains.
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Friends of Oil is a start-up company specializing in high-quality regional cooking oils. It all started when Paul was given a small oil mill at the age of 12 to try out. This hobby quickly developed into a thriving business. Last year, the company achieved sales of 1.4 million euros. The company aims to achieve sales of two million euros by 2023.
Successful business for oil enthusiasts
The Belthles family from the small town of Beuron-Thiergarten in southern Germany managed to win two lions. Dagmar Wöhrl and Tillman Schulz will participate in the company as a double team. Together, Wöhrl and Schulz invest €200,000 and acquire 20 percent of the company’s shares.
Thanks to his original and competent presentation, 16-year-old founder Paul and his father Jürgen convinced both investors. His father, Jürgen Bieltl, currently runs the company. However, this is set to change next summer. When founder Paul Behtel reaches the age of majority, he must also be registered on paper as the head of his family company.
Carsten Maschmeier: “This is complete nonsense”
The following trio of founders, Evelyn Wagner, Carmine Alfonso Siena, and Paula Vorbeck, know the challenges of the college application process from their own experience. The right universities and courses,” said Evelyn Wagner. But it’s not just applicants who are under pressure.
She adds that university staff are also stressed because millions of students apply every year, many from abroad. This means that each individual application must be manually checked for completeness and eligibility. This requires a lot of time and effort for both students and universities.
But this should be over by now. The founding trio from Cologne aims to revolutionize the application process. The “Compounder” portal aims to make it easier for future students to enter the university. Students create a profile on the website and should be able to apply to universities easily.
Compounder filters complete applications and matches international grades. Focus: private universities, but soon also public universities. The university must pay 1,200 euros for each application received via “Compounder”. The founders want 400,000 euros in exchange for ten percent of the company’s shares.
The last point is already an exclusion criterion for investor Tejen O’Naran: “I can’t look in the mirror when I know I’m only investing for students at private universities.”
Maschmeyer doesn’t exactly hate and leaves the founders fidgeting. “The original assessment is just nonsense,” Maschmeyer said. Ultimately, he wants to invest €400,000, but demands 25 percent of the company’s shares. The founding trio finds the risk too high and rejects the deal.
Chilled drinks in seconds
Moritz Schuller and Max Huber from Munich want to make cooling drinks faster and more environmentally friendly. Otherwise you will often have to wait hours for the purchased drink to reach the required cold temperature. With their product “Beezer”, the founders want to solve this problem and achieve cost efficiency as well. “Beezer” not only speeds up the cooling process significantly, but also makes it more affordable.
The key is to use a compressor, which allows for rapid cooling without having to keep the drink in the refrigerator for hours. Instead, the drink is cooled within a few minutes. This not only saves time but also saves costs. Unlike traditional refrigerators, the Beezer requires neither water nor ice. Instead, it cools only through the use of air. The cost of “Beezer” is 600 euros for the end customer. Your offer for black: 500 thousand euros for 10 percent.
The only problem: Max and Moritz haven’t produced any machines yet, so they can’t show any sales figures. Your account is too high for that. Dagmar Forel strongly criticized the project, saying: “You come here with a prototype and you want 500,000 euros, that’s a lot of money. I’m out.” In the end, none of the Lions were convinced and Max and Moritz left the show without an agreement.
The new candidates from “Bauer sucht Frau International” were presented on RTL on Tuesday evening. This marked the start of the format’s sixth season. A total of ten love candidates on the show hope to find someone for life. Singles live in Brazil, Portugal, Togo, Guatemala, France, Colombia, Austria, Bosnia and Herzegovina and Greece.
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