For him, his own “wish capsule” became a very bitter pill!
On Monday evening, veterinarian Dr. Lars Meyer (39) an innovative concept for dietary supplements in “The Lion’s Den” (VOX) before. Even if his idea made a good impression – there was no deal for it!
From supplementary feed for dogs, cats and horses to nutritional supplements for humans? Meyer has been producing supplements for animals since 2013 – until he got wind of the fact that the owners of the four-legged friends were also taking his micronutrient mixtures. The veterinarian: “This feedback gave us the idea of rethinking food supplements for humans.”
Meyer sells personalized supplements via its online shop. In the modular system, customers can put together an individual pill. An algorithm takes into account which ingredients complement each other or don’t go together at all.
veterinarian dr Lars Meyer presents his dietary supplement configurator to the lions
From horse whisperer to lion tamer?
The principle of the personalized pill made the lions sit up and take notice. However, the fact that founder Lars Meyer is taking a two-pronged approach with his two companies raised doubts. Lioness Dagmar Wöhrl (68) skeptical: “Well, this mixing of your two companies bothers me.”
The real hammer was yet to come!
The founder has invested almost one million euros in his company – not just equity. The company has a loan of 800,000 euros.
Despite the mountain of debt: Meyer demanded 200,000 euros for a ten percent share in the company – makes a company valuation of a proud two million euros. For most lions THE knockout criterion!
Carsten Maschmeyer (63) put it in a nutshell: “Too many liabilities, valuation too high.”
Almost all lions out – only Nils Glagau (47) stayed on the ball. The pharmaceutical professional: “I think that’s the future!”
His conditions for a future together: 30 percent for 200,000 euros! Well roared, Glagau – the lion wants a really big piece of “wish capsule”.
The problem: The debt makes such a low valuation difficult. Meyer on the offer: “What bothers me about this sum is that I would make a loss with it. I would have invested more than the value would return.”
Too high a risk for the lions. Carsten Maschmeyer (from left), Tillman Schulz, Dagmar Wöhrl, Nils Glagau and Ralf Dümmel ultimately reject ALL
Understandable – but there was no concession from Glagau. When Meyer made him an offer of 25 percent, he pulled the ripcord as tough as heck.
Glagau ice cold! Katzenjammer in the lion’s cage – no deal for the animal doctor.
Meyer’s personal pitch conclusion: “As Nils also said, both parties must have a good feeling. And that was too pessimistic an assessment for me.”
In the future, the veterinarian will have to continue to do without lions…
