Technocolour Dreams Paint Party

Yvonne Arbour & Dominic Sabourin
Brantford, ON

The pitch

Yvonne Arbour & Dominic Sabourin from Brantford, ON, pitched Technocolour Dreams Paint Party in Season 10, Episode 21, asking the Dragons for $150K for 20% of the company.

Asked for$150K for 20%
Valuation$750Kimplied by the ask
OutcomeNo deal

Offers in the Den

Dragon	Offer	Result
Joe Mimran	Concerned about scalability and lack of insurance	Out
Jim Treliving	No offer made	Out
Manjit Minhas	Concerned there is no barrier to entry	Out
Michael Wekerle	Concerned about lack of insurance	Out
Michele Romanow	Liked the concept but not for her	Out

Dominic Sabourin and Yvonne Arbour, of Brantford, Ontario, pitched Technicolour Dreams, a touring paint party experience, asking for $150,000 for 20% of the company. The business puts on live interactive events using non-toxic, water soluble, glow paint, with tickets averaging $25 and events costing about $10,000 to produce. The founders project 26 shows by the end of the year for $310,000 in sales, valuing the company at $750,000, but said they lack a set margin structure and do not currently carry insurance, which they estimated would cost $5,000 for a 2,000-person event.

Joe Mimran said he did not see how scalable the business was given the lack of insurance and unclear numbers, and passed. Jim Treliving and Manjit Minhas both went out, with Manjit Minhas citing the lack of a barrier to entry. Michael Wekerle said the insurance issue was too much risk for him. Michele Romanow said the business fit a growing cultural trend but was not the right fit for her. All five Dragons declined to invest.

Pitch details from CBC’s Dragons’ Den pitch page.