Which Dragon's Den investor founded Red Letter Days before appearing on the programme?

Rachel Elnaugh founded Red Letter Days before appearing as an investor on Dragon's Den.

Red Letter Days was an experience-gift company offering customers activities and memorable events rather than conventional physical presents. Elnaugh co-founded the business and became known as an entrepreneur before joining the programme's investment panel.

Her role on Dragon's Den made her one of the original British dragons. She brought experience in building a consumer-facing company and evaluating businesses seeking capital, although the show also presented the risks and pressures associated with entrepreneurship.

The company later experienced financial difficulties and entered administration. That history is often confused with the separate question of whether Elnaugh founded it: she did. The later business problems do not change her role in establishing Red Letter Days or her place among the early dragons.