Discussion
Mildly eyebrow-raising that Nothing can raise $10m from UK/Indian retail punters at a valuation north of $500m in under a week https://www.crowdcube.com/companies/nothing-techno...
Next to no financials provided. They have just one product, a set of wireless earphones that was moderately well received, with plans for an Android phone later this year. Founder, Carl Pei, has guru-like status apparently.
Was vaguely tempted to make a small flutter myself, given that EQT (Swedish venture fund) have funded them previously (and I was an early investor in another business that another EQT investee has recently taken a major stake in), but the lack of information (commercial confidentially, they argue) makes it a no-no. Not to mention the absence of EIS reliefs. I suppose this exemplifies the nature of modern crowd-funding.
Next to no financials provided. They have just one product, a set of wireless earphones that was moderately well received, with plans for an Android phone later this year. Founder, Carl Pei, has guru-like status apparently.
Was vaguely tempted to make a small flutter myself, given that EQT (Swedish venture fund) have funded them previously (and I was an early investor in another business that another EQT investee has recently taken a major stake in), but the lack of information (commercial confidentially, they argue) makes it a no-no. Not to mention the absence of EIS reliefs. I suppose this exemplifies the nature of modern crowd-funding.
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