Secret Millionaire Piers Linney is the Latest Dragon
For those small businesses who are interested in the BBC’s hit business TV show Dragons’ Den, the last vacant position has finally been filled.
The final dragon to enter the den for the new series is Piers Linney, the co-CEO of cloud hosting business Outsourcery which, as a small business, employs 150 people across the UK.
Linney, who started his first business at the age of 13, studied law at the University of Manchester and, as a qualified solicitor, gained experience in venture capital and private equity firms before going into investment banking.
By 2000 Linney had left his banking job to start up a number of internet-based businesses and has since built and sold firms to the tune of £55 million. In his own words, he is "just getting started".
Piers Linney is no stranger to television though, being the Secret Millionaire in the Channel 4 business TV show of the same name where, in 2011 he went incognito in a young offenders institute.
The news of Linney’s appointment was a closely guarded secret until today when Duncan Bannatyne said on social media platform twitter:
The 5th Dragon is @pierslinney
— Duncan Bannatyne (@DuncanBannatyne) March 11, 2013
Linney joins Kelly Hoppen who was appointed to the other vacant chair after Ryman entrepreneur Theo Paphitis and trucking magnate Hilary Devey both left the Dragons’ Den after series ten.
Kelly Hoppen and Piers Linney are the last on the den’s roll call after the remaining regular Dragons Deborah Meaden, Peter Jones and Duncan Banatyne.
In the official press release, Linney said:
“Having been a professional and private investor, I stepped into what started out as personal investment to run it, and am now building a world-leading business. I am excited to have the opportunity to join Dragons’ Den and once again support entrepreneurs both financially and through my extensive network. I also think I can widen the appeal of the Den to information economy entrepreneurs as they are key to the future success of the UK economy.”
Filming for Dragons’ Den series eleven started today with the show expected to air on the BBC in the Autumn.