Money Pit

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For the film, see The Money Pit. For the rumoured treasure site in Nova Scotia, see Oak Island mystery.

Money Pit is a British television series first broadcast on Dave in 2015. It is presented by Jason Manford and Dominic Frisby, and allows investors to support crowdfunded projects.

Background

Money Pit is broadcast on

Dave Gorman: Modern Life is Goodish
for Dave.

It was commissioned by Richard Watsham and Iain Coyle, with Liberty Bell's Charlie Anderson directing the series, Jamie Isaacs and Michele Carlisle executive producing the show. Filming took place at

Kevin Kerrigan
.

In an interview with Broadcast, series producer Pat Doyle described the show as a "legal minefield" due to crowdfunding being heavily regulated by the Financial Services Authority, and as such the show had to remain on middle ground.[1]

Format

Sixty prospective investors sit in the audience, with five contenders per episode. Each backer has submitted an amount of money into an

klaxon sounds and the investors are given time to fire questions at the contender, during which they reveal the sought amount followed by the incentive offered; this can be in the form of a percentage of the business, or in the form of rewards, such as "for £500 I offer a tour of the facility". After a while, trading time begins and each investor may submit investment to any contender that has pitched so far, possibly at the expense of investment submitted to other contenders. This process repeats itself five times. At the end of each show, only those contenders which have attained their target amount leave with any money.[2][3]

References

  1. ^ Doyle, Pat (22 October 2015). "The Money Pit, Dave". Broadcast. (subscription required)
  2. Dave
    .
  3. ^ "Brad Burton interview". The Daily Telegraph. Retrieved 30 October 2015.
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