Avego co-founder and Managing Director selected for an investment TV series in Ireland
Sean O’Sullivan has made the headlines once more. The Avego co-founder and Managing Director has been asked to join one of the top 10 TV series in Ireland, The Dragons’ Den.
Despite the harsh tone implied by the name, the Den (known as the “Shark Tank” in the US) is a forum for Irish entrepreneurs to pitch their business models to a panel of five successful venture capitalists. Such investment prospects are key for companies with a good model, struggling against the current economic tide.
The businesses chosen to appear on the show are convinced they have a model bound for success and the drive to achieve their goals, but know they lack the financial backing and experience to expand. The investors, or Dragons, which O’Sullivan is to join in the upcoming series, are on the prowl for new businesses truly worthy of investment.
The Irish Dragons have invested in over 20 high potential Irish companies to-date and hope to provide more promising companies similar opportunities in 2012. The show originated in the UK, but has now spread to over 20 countries and currently ranks as the 8th most popular series on Irish TV.
Avego co-founder and Managing Director Sean O’Sullivan seems a natural choice for this position, having proved himself both a successful entrepreneur, with several multi-million dollar start-ups under his belt, and a keen investor as General Manager of SOSventures, a venture capital and investment management firm.
The show is due to air in March 2012 when O’Sullivan will join his four fellow Dragons: media guru Gavin Duffy, property specialist Niall O’Farrell, publisher Norah Casey and founder of the Insomnia coffee chain Bobby Kerr. O’Sullivan is excited by the opportunity the show provides and has said that he believes efficiency and creativity are generated in times of recession. He notes that this is reflected in the birth of many highly successful companies in similar periods throughout history.
Watch the interview with Sean O’Sullivan on the Late Late Show (Irish Saturday night talk show)
More info?
Read the realated articles from the Irish press:
The Irish Independent
The Irish Times
For more information on the Dragons’ Den in Ireland, please visit the official website.
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