Flytrippers.com

Andrew D'Amours and Kevin Gagnon, from Trois-Rivieres/Quebec City, Quebec, asked for $105,000 for 10% of Flytrippers.com, a website that curates deeply discounted flight deals using an algorithm to spot dates with cheap fares. The site has grown to over a million and a half unique users in about a year, generates revenue through affiliate commissions and advertising, and reported $90,000 in profit over the last 12 months and $105,000 in sales seven months into the current fiscal year, with a projected $300,000 in revenue over the next 12 months and a 75% margin. They valued the company at $1,050,000, based on a multiple of projected EBITDA rather than trailing figures.

Vincenzo Guzzo offered $105,000 for 50%, arguing the real valuation based on trailing EBITDA was closer to $500,000. Michele Romanow, joined by Jim Treliving, offered $105,000 for 50% as well. Manjit Minhas and Lane Merrifield went out, criticizing the valuation methodology and the pitch. Arlene Dickinson also went out, saying she disliked the pitch. Andrew D'Amours and Kevin Gagnon declined both 50% offers, unwilling to give up that much equity, leaving no deal.

Flytrippers.com is still operating and sells through its website.