Looked at it before as well but Iām still leaning towards a no mainly due to the team, eventhough if this really is a home-run, this is not a 10x but way beyond that.
Tech looks good but it feels like a really steep hike to get everyone using their scanning devices, especially in comparison with the others on the market; Amazon, maybe Google or Apple? Also, it feels like bet on how every day payment will look like in the (not too distant) future.
For me, weāll need a A+++ management team to have even a chance, and eventhough the team looks good on the science side, I donāt think its the visionary calibre.
Would very much like to hear your proās and risks!
Some good points as always Thatās actually exactly why Iām interested. There will be space for many players, like the FT sphere. I also believe the palm will trump eye and finger print technology and their specific tech is immense and very scalable. Yes they have their weaknesses as a team but in this case Iām betting on the tech (which is not my normal logic which is almost always team first). Iām also hoping they will be able to enhance the team as it becomes apparent how good their tech is. Oh why not - perhaps Iāve lived in Silicon Valley too longā¦
I invested in Stemās first round and going to top up my investment in their current round too. I also invested in Patch a few years ago. Growth at Stem has been impressive as it was really only launched 1.5-2yrs ago and now at Ā£2m RR revenue for London only. In January they just launched nationwide so that should help. I thought the Founder was impressive. They seem to be on trend with their sustainability initiatives (1% for planet, peat-free, not importing flowers etc) and focusing marketing efforts on tiktok. Probably as SEO costs have skyrocketed for all businesses.
They are also aiming to shift away from just a plant shop to providing all year round services like xmas trees, dried flowers (on trend for 2022) and a refreshed outdoor plant offering. Lots of initiatives but looks promising.
Worth reading the presentation at least for those interested in EIS
I think the way Nanusens have dealt with setbacks has been very illuminating. Although it has been frustrating at times, they have kept spending well under control whilst still advancing R&D. Plenty of other businesses would have gone under in those circumstances.
The big advance for me this round is the board of advisors. The CEO is incredibly knowledgeable when it comes to the tech but I think the business development side was lacking until now.
Iām with you in terms of cautious optimism, it does seem like things are coming together now. Unlike other Crowdcube raises, their valuation is quite modest. They would only need to deliver on part of their plan to generate significant returns.
Hope thatās the case. Iāve decided not to put any more in even though Iām getting diluted again. But there is still some hope for a positive outcome and itās good that they are still trying and still communiicating
I thought I was going to add Nanusens to my failed list, but thankfully they have managed to navigate the difficulties well.
I have topped up my investment to avoid dilution, and as an acknowledgment that they are trying to do the right thing for shareholders.
The main risk for me is we donāt know how many times theyāll need to iterate their designs (after testing) before the final tapeout of their samples. This is expensive, but necessary part of chip development.
Has anyone else got the email regarding Money Dashboard? I donāt understand Drag Along so would like to understand what the heck is going on. Each 5p share will be paid effectively 1p a share. Given itās a fintech itās a poor showing compared to almost all the others. Ah wellā¦
The price payable for each Ordinary Share is expected to be Ā£0.00658 for the Initial Payment and Ā£0.00578 for the Deferred Payment. Accordingly, the total price payable for each Ordinary Share is expected to be Ā£0.0124.
Iām very interested to read their full pitch. Theyāre an established and successful business with easy access to capital: their financials for the pandemic will be brutal, but experiential is the future so that wouldnāt worry me. They started out as a crowdfunded venture 8 years ago giving them a demonstrable history of success and have since raised ~Ā£5m (at a ~Ā£15m valuation I think). I guess itāll be at a pretty loft valuation (maybe in the region of Ā£50m).
Sad times, from 6p to 1p for me. Held these junk things for 3 years. The company wasnāt so bad, but they didnāt achieve their goals. The actual company is like 20 years old from what I remember. Iāve emailed two of the different CEOs lol.
Also no EIS relief, cos they couldnāt wait another 6 months. A******!
I wouldnt count deferred payment yet as who knows what will happen to buyers in 2 years time. So for me it is 6p to .6p i.e. 10% of original investment
Magway Crowdcube fundraising gone live today for existing investors and those who have expressed an interest. Share price Ā£0.48 compared with roughly Ā£0.18 in the last raise at the beggining of 2021.
Valuation has increased to Ā£70 million from just under Ā£25 million in 2021.
Theyāve just gone live at a Ā£35m valuation, with a Ā£150k follow-on from āEdition Capitalā and a target of Ā£350k. Thatās aā¦ low target I think, given their stated aims for the money. The senior management hires alone will swallow up most of it. I wonder if they set a low target with expectations of securing multiples of that.
edit: After reading their pitch deck, Iām none the wiser about their target or the use of the proceeds. The deck shows that theyāre spending >Ā£350k/month so theyāre raisingā¦ a few weeks of money? I donāt understand why, so Iāve asked! I will edit this comment with the answer.
edit: They responded to me to say that theyāre raising through crowdfunding to return to their crowdfunding roots and also expect to far exceed the target, so the amount is not instructive of what they need or how they intend to spend it. That worries me a little, but given they have demonstrable success, I will give them the benefit of the doubt.
Havent done any DD but think this company has a risk/return profile that doesnāt suit crowdfunding. Its simply too specialized and requires too much capital compared to what we can raise here.
Thatās actually exactly why Iām interested. There will be space for many players, like the FT sphere. I also believe the palm will trump eye and finger print technology and their specific tech is immense and very scalable. Yes they have their weaknesses as a team but in this case Iām betting on the tech (which is not my normal logic which is almost always team first). Iām also hoping they will be able to enhance the team as it becomes apparent how good their tech is. Oh why not - perhaps Iāve lived in Silicon Valley too longā¦
