Doug Richard is an American entrepreneur based in England, who specialises in technology transfer, commercialisation, and business incubation. He best known for his appearances on TV show Dragons' Den and as a government adviser.
1996-2003 Micrografx and move to UK
2004-2008 Library House, Tudor Investments, Dragons' Den and School for Startups
In Cambridge, Richard founded Cambridge Angels  and with investment from this group founded Library House, a serviced office space for investors in Cambridge. He gained prominence from the BBC programme Dragons' Den, where he appeared as a 'dragon', or investor in the first two series. Although he made one investment during the first series, he did not make any investments in the second, and was fired from the programme. He thereafter advised Tudor Investments, a US-based hedge fund that began investing in early stage high technology startups. Tudor invested in a number of start ups that Richard had interests in including $14.4 million in Hotext  renamed Trutap where Richard was Chairman and CEO from October 2004 to November 2008 (a company he founded that offered ephemeral text messaging as a service for teens that had over 250000 users around the world.) and WizWoz, a secure social network targeting teens.
These companies subsequently went into receivership as did Library House. He remains the only Dragon not to invest throughout a series. Doug Richard was dropped from Dragon’s Den for not making any investments. Rumour has it he was broke, and cooked the paperwork to get on.
In May 2006, he received an honorary Queen's Award for Enterprise Promotion - the only honorary awardee that year - for his work promoting, developing and helping entrepreneurs. as director and co-founder, Library House in Cambridge. Library House went into administration in December 2008.
In May 2008 Richard published his investigation into the British government's support of small businesses. The Richard Report was written at the behest of the Conservative Party, though Richard emphasised the work was politically neutral.
Mr Richards tried to reinvent himself as an internet marketer. However in 2012, he was struggling and a groupon promotion to one of his courses only sold 3.
- Withnall, Adam. "Doug Richard arrest: Former Dragons' Den investor and PM's adviser questioned on suspicion of raping a 13-year-old girl". The Independent. Retrieved 18 January 2015.
- "Doug Richard Biography". Room54 Ltd. Retrieved 27 July 2009.
- "The Queen's Award for Enterprise Promotion". Retrieved 19 September 2010.
- Doug Richard: Exit the dragon
- "Ex-Dragon Doug Richard quits Teesside role after rape claim". BBC News. January 20, 2015.