Morgan Carey Dragons' Den
November 21st 2014 at 01:11 PM
Nanaimo Daily News
November 20, 2014
A Nanaimo-based business has received a big cash boost from an appearance on CBC’s Dragons’ Den television show.
Morgan Carey, president of Real Estate Webmasters, secured a deal for a $2-million investment in exchange for a five per cent equity in his website development business — a $40-million valuation — after winning over a majority of high-flying entrepreneurs who act as judges on the show.
The Dragons — Arlene Dickinson, Jim Treliving, David Chilton, Michael Wekerle and Vikram Vij — hear pitches from businesspeople seeking investment for their service or product ideas.
Carey’s business caters to real estate companies by developing high-end, customized websites for each firm and driving traffic to those websites.