Blindman Overland

Dave and Tyler, from Lacombe, Alberta, asked for $250,000 for 10% of Blindman Overland, makers of the Yucca Pac camper, a lightweight, expandable canopy camper that attaches to the bed of any pickup truck and sleeps two. The camper starts at $15,000, with an average build price between $16,000 and $18,000; the founders invested under $50,000 of their own money and sold eight units last year and six more in the first four months of this year, totaling about $250,000 in sales over a year and a half. The founders valued the business at $2.5 million, based on comparison to a similar company Dave previously worked for that sold for $3 million after $3 million in sales.

None of the Dragons made an offer. Vincenzo Guzzo went out over the lack of engineering certification on the camper design, Wes Hall and Arlene Dickinson cited the gap between the asking valuation and the business's actual numbers, and Manjit Minhas said the business seemed more like a lifestyle hobby than a scalable investment. Michele Romanow did not comment before the pitch ended without a deal.

Blindman Overland is still operating and sells through its website.