$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Steve Miller from Barrie, ON, pitched Übertüb in Season 12, Episode 18, asking the Dragons for $250K for 25% of the company.
- Asked for$250K for 25%
- Valuation$1Mimplied by the ask
- OutcomeNo deal
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Michael Wekerle | Frustrated by lack of clarity and overcapitalization concerns, went out | Out |
| Manjit Minhas | Concerned founder wasn't following through on capital use, went out | Out |
| Michele Romanow | No consumer validation, went out | Out |
| Joe Mimran | Concerned about founder's approach and interactions, went out | Out |
| Jim Treliving | Doesn't see it working without more capital, went out | Out |
Steve Miller, from Barrie, Ontario, pitched Ubertüb, a redesigned rubber inner tube with an improved valve system for quick inflation and deflation, asking for a $250,000 line of credit for 25% of his company. Steve Miller had invested about $100,000 so far, held patents in 40 countries, had no sales or inventory, and said retailers and distributors including Mastermind Toys, Home Hardware and LL Bean were interested but wanted inventory before committing, with production requiring another $250,000 that he planned to self-finance by leveraging personal assets.
All five Dragons declined to invest. Michael Wekerle, Manjit Minhas, Michele Romanow, Joe Mimran and Jim Treliving each went out, citing concerns about the founder's business approach, lack of sales validation, overcapitalization, and reluctance to leverage personal assets rather than seeking smaller test orders. Steve Miller left without a deal, saying he planned to bring the product to market regardless.
Pitch details from CBC’s Dragons’ Den pitch page.
Übertüb today
- StatusOut of businessLast checked September 2026
Übertüb appears to have closed. Its products may no longer be available.