Jenna also can’t see the bigger vision but wants to help her. She is out but will help her to get in front of Selfridges etc.

Touker says Rachel is investable, but the product is not.

He would like to tap into her knowledge and is willing to give her the money for 35% of the business.

She says she will need multiple rounds to take the brand to where she wants it to go and so 35% is too high.

He says that if he gets his money back within 12-18 months, he will go down to 25%.

She asks whether he will go down to 20%. He counter-offers 30%, dropping to 25% when he gets his money back.

She agrees! “Great great great great… we’re going to be kings of this thing!” he says.

He tells the other Dragons: “I’m investing in her as an entrepreneur.”