Sensation at "The Cave of the Lions"? ALL invest in "Too Good to Go"

These guys have a mission: food belongs on the plate and not in the bin? That's why five founders from Denmark and Germany have developed an app that will finally end the food waste. Because still many restaurants in many restaurants in the trash land.

How does "Too Good To Go" work?

Restaurant owners can use the app to report if they still have food left in the evening. These users can then order for up to 70 percent cheaper via the app and in the evening, after the end of the restaurant, pick up. The app founders take a commission for this? So is this a good business model for the lions Carsten Maschmeyer, Judith Williams, Frank Thelen, Dagmar Wöhrl and Ralf Dümmel?

No? because the thing has a catch. The founders want a million-dollar investment and only offer 5 percent of their company. Since the lions have to swallow properly. And they get out in droves.

Five enthusiastic lions? but five times "no". Apparently, the concept of "Too Good To Go" convinced the lions, but the high price deterred. But just when Frank Thelen says: "Pity you did not get a deal today?", One of the founders pulls an ace up his sleeve!

Five times no? and then everything is different

Thomas (24) says: "I have a suggestion! I hear that you all like our idea at the end of the day: money is not everything in the world! Maybe you can all get in together, everybody with 200.000 Euro They're all not that big of a risk, but they're all part of something very cool. "

The investors are listening. And make a counterproposal: "If we talk now again, then you think about how you come down from the 20 million, because money is not everything?"

So founders and lions are once again conferring on two groups of five. And Frank Thelen is already determined: "In any case, this is the most naughty appearance we've ever seen in the lions' den!"

It has never been that way!

But the founders are not deterred and make a new offer: Instead of 5 percent, they offer 6.5 percent of their company. That's not enough for the lion, though? they demand 10 percent. In the end, the two parties agree on 8.9 percent. And the sensation is perfect: All lions were out? and suddenly they all invest together!

This has never happened in the Cave of the Lions: a million-dollar investment raised by all five lions. The fight against food waste is just a matter of the heart, which should not only depend on the money. And all the lions agree: "Too Good To Go" could still be a rewarding business? when the app goes through the ceiling!