BBC Dragons' Den Online with Dragons Shaf Rasul & Julie Meyer. Episode 2 part 2 Richard Davis and VirtualGym TV; an online, on-demand Gym.
After a polished pitch, Julie Meyer discovers that Richard's website offers around 1400 videos to 54,000 users across a range of gym activities at a price radically lower than a gym.
Richard tells Shaf Rasul that in February 2009 the site made £15,000 and he confidentially claims the business is currently worth £1.8million. He bases such a bullish valuation on projected growth and not on actual turnover to date.
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