{"id":76291,"date":"2021-10-05T08:07:00","date_gmt":"2021-10-05T06:07:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=76291"},"modified":"2021-10-04T15:18:48","modified_gmt":"2021-10-04T13:18:48","slug":"so-it-went-for-shavent-and-lymb-io-into-the-lions-den","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/76291\/so-it-went-for-shavent-and-lymb-io-into-the-lions-den\/","title":{"rendered":"This is how it went for Shavent and Lymb.io in &#039;The Lion&#039;s Den&#039;"},"content":{"rendered":"<div class=\"entry-content\">\n<p>The Munich-based father-daughter team Armin Lutz Seidel and Romy Lindenberg have jointly founded the company Shavent. <a href=\"\/en\/startups\/ara-sustainable-products-ug\/\">self-developed wet razors made of metal<\/a> uses simple standard razor blades. Unlike plastic, rubber, and metal razor heads, these can be recycled. The mechanical engineer <strong>Armin Lutz Seidel <\/strong>says:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;In Germany alone, up to 500 million of these interchangeable heads end up in the trash every year. That&#039;s 3,000 tons per year, which is equivalent to the weight of the Statue of Liberty in New York times 13.&quot;<\/p><\/blockquote>\n\n\n\n<p>Romy Lindenberg reports that the company is already profitable and that the razor has been shipped as far away as Japan. The founding duo is offering eight percent of their company for 220,000 euros.<\/p>\n\n\n\n<p>All investors are impressed by the high-quality feel of the razor. <strong>Carsten Maschmeyer<\/strong> However, he is the first to decline an offer. On the one hand, he himself only uses dry shavers, and on the other hand, he considers the company valuation of 2,750,000 euros too high. <strong>Dagmar W\u00f6hrl <\/strong>is put off by the proposed assessment. After that, <strong>Judith Williams <\/strong>and <strong>Ralf D\u00fcmmel <\/strong>to discuss the advantages and disadvantages of online retail and brick-and-mortar retail. The two investors clearly want to convince the founding team of their own suitability as investors. Judith Williams then says:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cI think we\u2019re about to have a really intense fight over both of you.\u201d<\/p><\/blockquote>\n\n\n\n<p>Together with <strong>Nico Rosberg<\/strong> She then makes an offer: the requested 220,000 euros in return for a total of 20 percent of the company&#039;s shares. Williams also wants to contribute to the creation of a corresponding body care brand. Nico Rosberg emphasizes his strength in social media marketing. Ralf D\u00fcmmel also makes an offer to the founders, but only demands 15 percent of the shares in return for the capital. D\u00fcmmel, not surprisingly, touts his good contacts in the retail sector, so that he can convey the product&#039;s quality to customers in a tangible way.<\/p>\n\n\n\n<p>Seidel and Lindenberg apparently prefer Ralf D\u00fcmmel in their consulting, but before they can say anything, Rosberg and Williams lower their demand to just 16 percent. Ultimately, the founders and investors agree on 7.5 percent each for Rosberg and Williams, for a total of 15 percent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cYour idea is phenomenal\u201d \u2013 but Lymb.io still comes away empty-handed<\/h2>\n\n\n\n<p><strong>Markos Kern<\/strong>, founder of the startup <a href=\"\/en\/startups\/fun-with-balls-gmbh\/\">Lymb.io<\/a>, as the second Munich representative together with his CTO <strong>Ben Piltz<\/strong> ventured into the lion&#039;s den. Before the coronavirus pandemic, the company sold the 3 x 4 meter &#039;Multiwall&#039; under the name Fun with Balls, primarily to fitness studios, hotels, and other business customers. This enables movement games and sports training with or without the use of balls. After this business sector collapsed sharply due to the coronavirus, the company developed the home version, Lymb.io. Together with a standard projector, the device forms a touch wall that enables 35 movement games for the living room. The startup is offering ten percent of its company shares for 1.6 million euros.<\/p>\n\n\n\n<p>The product convinces the television investors on the show. However, the company&#039;s valuation of 16 million euros prevents them from investing.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cYou are \u2013 I\u2019m sorry, but this affects many companies \u2013 a Corona loser,\u201d<\/p><\/blockquote>\n\n\n\n<p>says Carsten Maschmeyer.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cIt\u2019s not investable under these conditions.\u201d<\/p><\/blockquote>\n\n\n\n<p>Judith Williams also rules out a deal with Lymb.io for herself:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;I think you have incredible potential. You have a super exciting topic that&#039;s very worthy of investment. But, in our opinion, the valuation you offered us today isn&#039;t worthy of investment.&quot;<\/p><\/blockquote>\n\n\n\n<p>Nico Rosberg initially praises the startup:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Your idea is phenomenal. This is really very, very impressive.&quot;<\/p><\/blockquote>\n\n\n\n<p>Because of the valuation, Rosberg, Dagmar W\u00f6hrl and Nils Glagau also say goodbye to the investor race.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Last night, two Munich-based startups ventured onto the Vox show &#039;Die H\u00f6hle der L\u00f6wen&#039; (The Lion&#039;s Den) in search of investors. Shavent and Lymb.io left the TV show with very different results.<\/p>","protected":false},"author":26,"featured_media":76296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,1],"tags":[706,4415,4414,4416],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>So lief es f\u00fcr Shavent und Lymb.io in &#039;Die H\u00f6hle der L\u00f6wen&#039;<\/title>\n<meta name=\"description\" content=\"Die M\u00fcnchner Unternehmen Shavent und Lymb.io haben die TV-Show &#039;Die H\u00f6hle der L\u00f6wen&#039; mit sehr unterschiedlichen Ergebnissen verlassen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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