- BC Games
Dragons swoop down on bamboo toilet paper offer
A Cowichanian and his business partner rolled out of the Dragons’ Den Wednesday with a $200,000 investment in their bamboo Silk’n Soft toilet-paper business.
Shawnigan Lake’s Brad Kornelson — the lake’s former fire chief — and Victoria lawyer James Legh convinced CBC-TV’s millionaire dragons Jim Treliving and Arlene Dickinson to invest in their firm.
In return, the dragons got a 35% stake in the toilet tissue arm of the company during Wednesday’s airing of the popular show.
The partners told the dragons three-ply, bamboo-cotton Silk’n Soft saves thousands of trees. Their toilet tissue also costs about the same as tissue made from wood fibre.
Their company sells about $320,000 worth of the bathroom product annually, they noted.
Eco-minded Treliving — owner of Boston Pizza — and venture capitalist Dickinson learned Silk’n Soft is BPA-free, and Kornelson and Legh have an exclusive deal to distribute their tissue.
Snarly dragon Kevin O’Leary was interested in the privy product, but wanted payment in dividends.
Kornelson and Legh also grabbed dragons’ attention with their bamboo meat-trays — to replace oil-based Styrofoam ones — plus bamboo paper-towels. Kornelson said the investment will help his entire True Earth Paper corporation.