Money Pit

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.

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

Background

Money Pit is broadcast on Dave, presented by comedian Jason Manford and financial pundit Dominic Frisby, and narrated by Elizabeth Carling. The eight-part series explores the idea of crowdfunding, putting prospective investors in contact with those with business ideas. Crow TV was in charge of audio and video post, with production by Liberty Bell Productions, who have previously produced 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 Alexandra Palace. The music for the series was composed by 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 escrow account, a communal pot. Each contender is given a couple of minutes to talk, after which a 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]

gollark: "Oh yes, I will just go OUTSIDE the universe" - statements made by GTech™ exploration probe #15996-υ/4.
gollark: Where else would they go?
gollark: What? Of course they are in our universe.
gollark: Those aren't heaven and hell, silly.
gollark: > The temperature of Heaven can be rather accurately computed from available data. Our authority is Isaiah 30:26, “Moreover, the light of the Moon shall be as the light of the Sun and the light of the Sun shall be sevenfold, as the light of seven days.” Thus Heaven receives from the Moon as much radiation as we do from the Sun, and in addition seven times seven (49) times as much as the Earth does from the Sun, or fifty times in all. The light we receive from the Moon is one ten-thousandth of the light we receive from the Sun, so we can ignore that. With these data we can compute the temperature of Heaven. The radiation falling on Heaven will heat it to the point where the heat lost by radiation is just equal to the heat received by radiation, i.e., Heaven loses fifty times as much heat as the Earth by radiation. Using the Stefan-Boltzmann law for radiation, (H/E)^4 = 50, where E is the absolute temperature of the earth (-300K), gives H as 798K (525C). The exact temperature of Hell cannot be computed, but it must be less than 444.6C, the temperature at which brimstone or sulphur changes from a liquid to a gas. Revelations 21:8 says “But the fearful, and unbelieving … shall have their part in the lake which burneth with fire and brimstone.” A lake of molten brimstone means that its temperature must be at or below the boiling point, or 444.6C (Above this point it would be a vapor, not a lake.) We have, then, that Heaven, at 525C is hotter than Hell at 445C. – “Applied Optics”, vol. 11, A14, 1972

References
  1. Doyle, Pat (22 October 2015). "The Money Pit, Dave". Broadcast. (subscription required)
  2. Money Pit (Television broadcast). 28 October 2015. Dave.
  3. "Brad Burton interview". The Daily Telegraph. Retrieved 30 October 2015.
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