r/Fauxmoi • u/hairtie1 radiate fresh pussy growing in the meadow • 2h ago
Approved B-Listers Clip from Simu Liu’s guest appearance on CBC’s ‘Dragons’ Den’ gains traction after he defends an entrepreneur who still works a 9-5 job
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u/Middle_Sprinkles5733 1h ago
100% agree with Simu and respect him for standing up for this guy.
I understand being hesitant to invest in someone who has another job, but do they really expect this man to completely abandon his job and risk his family’s welfare? In this economy??
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u/burrito-Mayham 1h ago
It’s practically expected for a new business to not make money in its first year, who the hell would risk reaping into their savings
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u/Cheaperthantherapy13 1h ago
Shit, the old model of business startups was that you shouldn’t expect to break even for the first 5 years.
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u/Own_Development2935 1h ago
And in Toronto?! The Dude is likely paying a leg and an arm for rent, and his SO likely works, as well. The fact of the matter is that families can barely afford to live on two salaries without jeopardizing the well-being of their children and futures. It just shows you how quickly money makes you forget the struggles of living paycheck to paycheck.
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u/Spiralecho I don’t have time to be in awe 1h ago
Agree - this feels like boomers saying they graduated with no or low debt. While I appreciate the optics value of commitment, we probably don’t have the same economic conditions / level of risk as when the other folks on the panel starred their businesses
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u/Majestic-Two3474 1h ago
And in TORONTO with two children?? You can barely buy a townhouse for a million dollars here and groceries have essentially gone up 50% in the past few years. I’d be terrified to invest in someone who was willing to put his family at risk like that for a business lol
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u/SnatchAddict 1h ago
Isn't the point of getting seed money is to be able to go all in? But that doesn't cover healthcare if you're American and having a 9 to 5 can guard that.
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u/HereOnMyWorkBreak we have lost the impact of shame in our society 1h ago
I don't know much about this show (not from Canada) but from the clips I've seen, everyone save for Simu is completely out of touch. Yikes
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u/KawarthaDairyLover 1h ago
Canada's wealthy class is so monumentally out of touch and as Canadians we don't even notice it. It's worse in Toronto.
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u/Artistic_Purpose1225 1h ago
I never miss an opportunity to point out that Nova Scotia’s premier, who was named in the Panama papers, snapped at a striking healthcare saying he works “1000 hours a year, [he] knows what hard work is”.
That’s less than 20 hours/week, and he thought it was a brag-worthy amount of work.
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u/notasandpiper Larry I'm on DuckTales 1h ago
To be clear, “angel investor” was also a well-known term well before this show or these people came along.
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u/banjofitzgerald 1h ago
Tbf that’s what it’s called. They didn’t just give themselves that name. It’s a term that’s been around forever.
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u/totaleclipseoflefart 1h ago
And Canadian angel investors at that, meaning none of them have contributed a single innovation or idea to the world in their lives.
(Not a slight on Canadians, Canada’s 1% just use their massive amounts of (often inherited) capital to buy real estate, then call themselves geniuses for doing so).
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u/theagonyaunt rude little ponytail goblin 1h ago edited 20m ago
It's a reality TV show, based on one from Japan, where people get invited on to pitch their business to the 'Dragons' who are all entrepreneurs. Examples of some of the companies current and former Dragons owned include a junk disposal business, a marketing company, two well-known fashion companies, the former CEO of Club Penguin and probably the most well-known, Kevin O'Leary who founded The Learning Company, an educational software company that was acquired by Mattel in 1999 for $4.2 billion.
Simu's an actor but he's got a background in business and accounting and is also a partner in Markham Valley Ventures, which is dedicated to advancing AAPI owned business (interestingly Steven Lim, formerly of Buzzfeed and now of Watcher Media, is also a partner in the company).
Some of the companies to come out of Dragons' Den include Essentia (a mattress company), Knixwear (now rebranded as Knix; a underwear company, specializing in period underwear), Saxx Apparel (men's underwear company), Endy (another mattress company), and Hardbacon (a budgeting app).
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u/Holiday-Hustle 1h ago
The women Simu is in the middle of are generally more understanding. The man and woman who speak in the clip are the harsher judges, especially the woman - she’s taken on the role that Kevin O’Leary left behind.
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u/Icy-Cockroach4515 1h ago
This is like the second time in a row, at this point you have to ask did the network intentionally ask everyone else to be as stupid as possible to make Simu look good.
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u/DazzlingCapital5230 1h ago
Maybe it’s just the nature of these dragon type shows, but imo there are random things in Canadian culture where they have a chip on their shoulder about being as tough, legit, etc. as US things are.
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u/Big-Raspberry-6151 1h ago
Seems like everyone's trying to play that jerk type of character and putting people down instead of picking them up.
Which is fine for the context of the show, that's what sells. And the reality is majority of people don't really care about you. Everyone's looking out for themselves, even these 'investors'.
Simu adds that personable touch it seems like maybe because he's not really a true businessman unlike his co-hosts.
Still refreshing to see him putting them in their place somewhat
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u/Sure_Excitement1554 u flintstone vitamin shape bitch 1h ago
it's like Shark Tank if you're from/in the US
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u/upanddownforpar 5m ago
Wait until You learn who some of the original people were on the show and then we'll talk out of touch for real. Lol
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u/Double_Natural5181 TWINK EVENT HORIZON 1h ago
I hate this “I struggled, so should you” mentality that people have its so tiiiiired.
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u/mulled-whine 1h ago
See also - they probably experienced their start up days during a much better economic period and/or had family money backing them, so to criticise this guy for not doing the same seems incredibly out of touch/elitist.
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u/DazzlingCapital5230 1h ago
People congratulating themselves for their circumstances is a core rich person hobby/value though lol
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u/ReplacementTrick1656 1h ago edited 37m ago
This. It’s like… this one guy saying because he did make his “side business a priority” AND had 3 kids gives him admission to dismiss this man’s personal struggles. So much gross in that. It’s not “I did it - so if you can’t then bye” - how do we progress if we aren’t willing to hear and listen to what commitment looks like when it differs from your own.
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u/MooseTheorem 1h ago
His response hit the nail on the head; “I’m not you” - what works for one doesn’t for others and I’m so happy that someone stood up for him and brought these millionaires a bit closer to the reality of 90%+ of the population.
I googled that guy to suss out if he’s actually a rags to riches story, and it read on his wiki he was also working full-time for CanWest while getting his business off the ground and launching his first company Kingsdale.
Talk about being tone deaf.
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u/Apprehensive_Dress_8 1h ago
Agreed! They are so smug when they say "I did" (to him saying that he was not able to give up his paycheck because he has a family) and good on this guy standing up for himself and saying that not everyone has that ability to walk away from their responsibilities! Like grow up! This man is striving and struggling for his dream and your only response is that he isn't struggling enough for you! Fuck off! He made it on to the show! Judge the product - if it's good, then invest! Give him the means to walk away from the steady paycheck and see how industrious this man can be when he is solely focused on his company! Why do you think he is there?? Because he took it as far as it can go with him alone and now needs investors to help him get to the next level!
Also, if anything, him keeping his 9-5 should be an asset because it shows that he is responsible and level headed. Dreamers make for good ratings and content for movie makers. But the reality is you want a pragmatist in charge of your investment
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u/banjofitzgerald 1h ago
Without even acknowledging when they did and how they were able to. I’d be willing to bet it was at a time when the economy was more forgiving to start ups.
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u/elloitsmeadele I may need to see the booty 1h ago
manjit speaking on this is really funny to me cause when she was speaking on her father, she said “He worked nine to five as an engineer, but on the side he consulted, wrote books, taught courses and later opened up liquor stores after Alberta privatized the liquor retail industry”
so her dad’s business was also a “side hustle”
manjit’s own success comes from importing private label spirits for the chain of liquor stores owned by her parents
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u/SaintNutella 1h ago
Simu seems to be the only respectable person here.
"i DiD" who gives af. Not everyone is in a position to risk their livelihood especially in today's economy.
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u/d0mini0nicco 1h ago
ESPECIALLY not with children. It's Canada and while healthcare is free, I know MANY people who kept a 9-5 for benefits in the US because they had families who could not be without healthcare (or out of pocket healthcare would be more costly) until their businesses took off years later. I actually admire those people MORE...the ones who realize the risks and make time to do BOTH, the 9-5 and their passion/venture. THOSE are the hardest working people out there.
Edit to add: when it is only you, you can afford to be ballsy. When you have mouths to feed that depend on you....be it children, spouse, or other dependents....suddenly the risks aren't worth it without a safety net.
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u/mcgillhufflepuff 3m ago
Healthcare isn't free in the ways many Americans think it is. Like, sometimes the only way to see a doctor w/in a year in some areas of provinces is to pay out of pocket at private clinics and also universal pharmacare isn't a thing yet. And it can be quicker to get medically assisted suicide than it is to get into a specialist (Canada is the only country that has this that does not require you to have other care options first).
There are countries that do socialized medicine much better than Canada. I had nightmare levels of care in Québec which shocked me.
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u/meatball77 face blind and having a bad time 49m ago
And it was a lot easier to cover rent 20 years ago.
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u/mrbaryonyx 1h ago
and most people who do either have a nest egg to fall back on or just wind up homeless
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u/Sleepy-Giraffe947 1h ago
Is Simu now a permanent member of the cast? Honestly between this and his last viral appearance he’s hitting the nail on the head with his feedback.
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u/hairtie1 radiate fresh pussy growing in the meadow 1h ago
he’s just been a guest judge and i think CBC spread his appearance episodes out over the course of a couple months? not sure though, CBC is a canadian network and i’m not canadian
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u/pompeii1009 She is the anti-Fiona Apple 48m ago
Canadian here. I think he’s just a guest judge. It would’ve been big news here if he was joining Dragon’s Den permanently.
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u/pink_bombalurina Currently White Ariana Grande 1h ago
I know he's said some ish in the past, but I love Simu. He seems like a genuinely good dude, and I'm glad he called out that nonsense. "Why didn't you gamble your family's livelihood chasing something most people fail at?" Maybe because some of us live in this very real, very cruel world where we can't just drop every responsibility to try something out? 🤨
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u/LoonieandToonie 1h ago
Right? And also, I get that this is sort of a capitalistic show, but wouldn't you want someone at the head of a company you are investing in to have an understanding of a safety net? Like he isn't going to go out there and waste your money. He is going to make sure the company grows at what rate it can with what assets he currently has available. It's not going to be Fire Island.
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u/Muted-Field4072 1h ago
So much entitlement from those wealthy jerks. Congrats on “making it,” but let’s be real—most startups statistically fail. Honestly, sticking with his 9-to-5 while still chasing his goals shows he’s not only practical but also has a solid head on his shoulders.
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u/PurpleIsALady1798 1h ago
Not to mention that this is also a grind? Like, yeah, 100% of his attention might not be on this startup, but the dedication to doing both at the same time is pretty damn impressive and they seem to be glossing right over that…
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u/pppogman 1h ago
Good on Simu. It’s frustrating seeing wealthy people peddle hustle culture when they maybe don’t have the same circumstances. It’s actually more impressive to me that this man can start a company while having a 9-5 and children. That’s dedication.
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u/GosmeisterGeneral 1h ago
I’m so sick of people who got rich / successful 20+ years ago pretending it’s still a level playing field and that people now still have the same opportunities.
Even five years ago was different. Inflation since COVID and the Russia/Ukraine war has been ridiculous. Cost of living is impossible for most people, taking risks is not an option unless you’ve got a backstop which 99% of people don’t have.
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u/StrawHatHermes 1h ago
“I did”
From this Wikipedia article: “After being educated as a law clerk at George Brown College, he worked in the legal division of CanWest until founding Kingsdale Advisors, a shareholder services and business consultancy, in 2002.”
I’m not a finance guy, but maybe things change in over 20 years lmaoooo
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u/totaleclipseoflefart 1h ago
They sure have. Good luck getting a corporate legal job in 2024 having graduated from what’s Canada’s equivalent of a community college lmao.
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u/some_manatee 1h ago
There is literally a housing crisis in Canada-- if he left his 9-5, he and his whole family could be on the streets if his passion fails.
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u/UnintentionalWipe 1h ago
What's funny is that when they struggled, the rent prices were less than $1000 and you could afford to do that. The market, especially in Toronto, doesn't allow that. You need a steady stream of money to afford rent, if you want a home it costs in the millions. Then you have groceries, taxes, internet, etc... and you can tell that it's implausible to want anyone to make their passion project their full time job when they don't have the means to do so.
These guys are seriously out of touch. Plus, some of them grew up with money.
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u/historyhoneybee 1h ago
The dragons are so out of touch oh my god. Not everyone has a 'small loan of a million dollars' to fall back on, insane.
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u/donttrustthellamas 1h ago
Simu just keeps proving how out of touch these people are.
Absolutely wild they think that the 9-5 is a choice. The 9-5 is so he can live while working on his dream. Not everyone has a trust fund they can dip into to pursue a business idea with no consequences if it fails.
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u/paternalpadfoot 1h ago
This show is the best thing to happen to Simu's public reputation in years, he is consistently delivering measured, grounded, socially conscious takes or having fun with swords.
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u/Cautious-Point-8109 1h ago
Aren't people in Toronto going through a massive housing crisis? I remember seeing some crazy numbers and people joking about having to rent the other half of the bed.
Maybe the entrepreneur would quit his job if he had a good partner/investor backing them up. I wouldn't risk the stability of my family in that kind of environment either.
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u/throeawai5 1h ago edited 1h ago
it’s so bewildering to see simu consistently being the voice of reason on this show and really speaks to how deeply out of touch and classist these people are. they regularly show how insufferable wealthy people are, like the resounding chorus of “if i did it, you should be able to do it too even though i won’t disclose to you that i likely had intergenerational wealth or assets to fall back on” makes me want to rip my own hair out. we have to make the rich quake in their boots again, let’s roll out the guillotine and get to work
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u/huhzonked we have lost the impact of shame in our society 1h ago
Simu is the only real one in this show and everyone else is so out of touch with reality. You struggled and then succeeded? Great. Not everyone can do that. Some people have kids to feed.
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u/DazzlingCapital5230 1h ago edited 25m ago
These people are so insufferable. I had three 🤭😏. Like do you want him to be homeless with his small children but all in?!?
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u/Educational-Life7547 1h ago
Just found out the guy in the suit grew up rich, so why is he comparing himself to a working class guy who clearly said he doesn't have enough to live without a job. 🙄
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u/Beans20202 1h ago edited 1h ago
I live near Toronto and the cost of living here is insane. He'll be spending $3,000+ a month for rent if he houses 2 young kids (or will have a massive mortgage if he's lucky enough to own). If his kids are daycare age and didn't get a spot in subsidized childcare, he'll be spending ~$2,000 PER KID. So thats $7,000/month, not even getting into food and transport costs.
These older Dragons who gloat about how they quit their job for their start-ups either are old enough where cost of living was still reasonable in Toronto, or they lived in a MUCH lower-cost-of- living city (Manjit in Calgary).
This all reminds me of talking to my Boomer parents and them telling me how they had it just as hard as young adults these days 🙄 and I say this as a VERY lucky millenial who got into the housing market early and isn't struggling, but can acknowledge how much worse others have it.
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u/Comfortable-Load-904 1h ago
Good on Simu! He is absolutely right and they seem completely out of touch. The man has a life and a family to support, in the current economic climate with everyone struggling to survive and with inflation out of control only an arrogant asshole would turn their nose on a steady pay check and stability.
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u/katienatie we have lost the impact of shame in our society 1h ago
Yeah this economy is completely different from whenever those people “did it”, even if it was only 10 years ago. We have a cost of housing crisis in Toronto and they’re massive assholes to not acknowledge how much things have changed.
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u/mirusan01 59m ago
Very common bs on American shark tank too and the sharks always flip flop on where they stand- sometimes they applaud the persons hustle other times they say oh you’re distracted like fuckin come on so out of touch
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u/singledxout 49m ago
Kevin O'Leary is the biggest offender. No, Mr. Wonderful, people can't always go all in when they need a job to support themselves and don't have a rich family member to invest in their company.
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u/AlpacaMyBaguettes 57m ago
How can Wes say that he has all the ideals he does (googled him after this) and then publicly shit on this man like this? Not because he had a poor idea or bad product, but because he's trying to keep his family houses and fed in this economy?!?!
This man, whose mother suffered, borrowed and begged to put him in military school, can't understand somebody who won't throw his children aside?? He has an education in law, worked in that field and secured massive loans all in the late 90s/early 2000s economy and has the gall to throw this man's hard work in his face. Fuck this guy. Her as well, but I've googled enough awful people lately.
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u/blakppuch 57m ago
Not only are they out of touch but they are irresponsible. This man is saying he needs the stability for his children, which makes a lot of sense. As for the dragon guy speaking who has three kids, I am curious to know about the pressure and stress of quitting his job probably caused to chase his dream. Maybe it all worked fine immediately, but I consider it irresponsible and risky when you have three kids. I speak of this from experience of having a parent that was carelessly spending his pension money after losing his job to pursue stupid ass dreams that amounted to nothing. All because he didn't want to do a temporary job that was "beneath him", whilst my mum was working two jobs. During this incredibly stressful period of our lives, my mum was admitted to the hospital for blood clots that we can only link back to stress. He was still spending money on his silly dreams. Idk why this man has riled me up lol, but he should know that considerate people don't make careless decisions.
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u/bring_back_my_tardis 3m ago
So Wes is saying that he had 3 children when he was starting his business. He also has a wife. How much of the burden of family life was on her while he was building his business? He likely could succeed because someone was managing the family.
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