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Friday, 15 March 2019

How to invest in Start Ups - or - How to Waste your Money - ?



A small start up funded via Seedrs in 2016 and then refunded 2017; valued at £750k. In 2018 it closed. No fuss, just closed by compulsory strike off. No accounts since initial accounts for Jan 2016. £140k down the pan. We could have helped investors avoid their loss. It was, put simply, a very pointless idea. 


It did make me laugh out loud when I came across it. You know the sort of business idea - ' Hey - you know the internet, well we have developed an app and it's really useful and it turns something that was 20C into the something 21C'. The problems arrive when you see that it does no such thing. In fact its only reason for being is the internet  - well that and to raise funding via Seedrs, who were stupid enough to give it space on their platform.

Muzeum is the offender. An app that takes all museums and personalises them for you. So you, the visitor, can have a fully personalised experience in the museum of your choice. Claims made on the video showed that an architect interested in buildings and schoolboy interested in gaming could both get personalised experiences from the same place. ..................Yes,  I know.

Complete and utter nonsense. Dont take my word for it - just look at the result. Farcical. 

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