WATCH: Manjit Minhas offers Chris Houle $4 million for Phazon


So things got a little crazy on CBC’s Dragons’ Den tonight.

We watched closely tonight after we wrote this week that Phazon earbuds founder Chris Houle would pitch his wireless earbuds to the dragons. As it turned out, all five dragons were impressed with Houle, particularly when he told them about his $2.2 million crowdfunding campaign. It didn’t hurt that Houle showed genuine stage charisma as well.

Dragon Manjit Minhas bucked the trend and offered Houle $4 million straight up for the company. She said she didn’t feel Houle was the right person to lead the company in a “brutal” industry. It was a sentiment Minhas used more than once to various pitchers on Wednesday night.

Phazon calls its earbuds “the world’s first one-size-fits-all, truly wireless earbuds guaranteed not to fall out.”

The remaining four dragons, Jim Treliving, Michael Wekerle, Michele Romanow and Joe Mimram all went in together on an initial offer.

Houle seemed genuinely shocked when Minhas offered to buy his company. He counter offered for all five dragons to join together for 20 per cent of the company. Unfortunately it wasn’t what Minhas was looking for.

The other four dragons ended up taking Houle’s amended deal, and in the process the Montreal entrepreneur and CFL football player turned down a healthy chunk of change. Still, he walked away with a deal.

Only on the Den. For the complete episode head to the Dragons’ Den website over the coming hours.

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