# Money Pit

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British television series

For the film, see [The Money Pit](/source/The_Money_Pit). For the rumoured treasure site in Nova Scotia, see [Oak Island mystery](/source/Oak_Island_mystery).

***Money Pit*** is a British television series first broadcast on [Dave](/source/Dave_(TV_channel)) in 2015. It is presented by [Jason Manford](/source/Jason_Manford) and [Dominic Frisby](/source/Dominic_Frisby), and allows investors to support crowdfunded projects.

## Background

*Money Pit* is broadcast on [Dave](/source/Dave_(TV_channel)), presented by comedian [Jason Manford](/source/Jason_Manford) and financial pundit Dominic Frisby, and narrated by [Elizabeth Carling](/source/Elizabeth_Carling). The eight-part series explores the idea of [crowdfunding](/source/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](https://en.wikipedia.org/w/index.php?title=Liberty_Bell_Productions&action=edit&redlink=1), who have previously produced *[Dave Gorman: Modern Life is Goodish](/source/Dave_Gorman%3A_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](/source/Alexandra_Palace). The music for the series was composed by [Kevin Kerrigan](/source/KK_(Kevin_Kerrigan)).

In an interview with *[Broadcast](/source/Broadcast_(magazine))*, series producer Pat Doyle described the show as a "legal minefield" due to crowdfunding being heavily regulated by the [Financial Services Authority](/source/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](/source/Escrow) account, a communal pot. Each contender is given a couple of minutes to talk, after which a [klaxon](/source/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. **[^](#cite_ref-broadcast_1-0)** Doyle, Pat (22 October 2015). ["The Money Pit, Dave"](http://www.broadcastnow.co.uk/features/the-money-pit-dave/5095753.article). *[Broadcast](/source/Broadcast_(magazine))*. (subscription required)

1. **[^](#cite_ref-moneypit_2-0)** *Money Pit* (Television broadcast). 28 October 2015. [Dave](/source/Dave_(channel)).

1. **[^](#cite_ref-3)** ["Brad Burton interview"](https://www.telegraph.co.uk/finance/businessclub/11963298/Daves-new-Money-Pit-show-is-a-Jean-Claude-Van-Damme-film-meets-Gladiator.html). *The Daily Telegraph*. Retrieved 30 October 2015.

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Adapted from the Wikipedia article [Money Pit](https://en.wikipedia.org/wiki/Money_Pit) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Money_Pit?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.