Thatās not how negotiation works when you go cap in hand. You submit an application. Itās considered and you get a response. Adam made a point back in October of getting the number of users very loudly on forum and we all got excited. Thatās probably it. I expect some draft accounts to September and a few metrics in October and November would be most likely. Then tendered for application December and January and decision made as Adam said after Xmas.
I canāt see anything later than 31 December remotely being factored in.
Fully agree. As you mentioned before, I am interested to see what the next Crowdfunding raise in April/May will be priced at (which will factor in the last few months)
Sorry folks, weād be bust without VCās. We are loss making and trying to expand. We need them far more than they need us. It is cap in hand and in these economic times very much like a mortgage application. You show 'em what youāve got and they decide how much you get. You pick which one you like (ideally the one who values you most!).
Top Tier VC (Accel, Balderton Index. ā¦) can demand a discount in the valuation but with all due respect Left Lane is not in that category so FT should maximise its power in the negotiation
I also find a little bit strange the company announce the round but do not communicate to its shareholders (that they invested Ā£20m so far in the company) the share priceā¦
Donāt be too sure. Iām on the buy side, and I can tell you the need to deploy capital into investable, sustainable businesses is real, even in a choppy (haha!) economic environment. The fact this round was oversubscribed, notwithstanding the ownership threshold question, supports this.
you are right that we will know the price soonā¦ but usually when a company complete a new round inform/email the shareholders with the details ā¦before they make the press announcementā¦
I suppose that a lot of shareholders of FT are not users of the community so maybe they are not aware of the new event
But maybe in the era of social media, a Twitter account is a Must!
The L Catterton connection was alluded to a few days ago so I expect the bucket has a small leak somewhere, always a risk when itās a noteworthy deal.
Just a reminder that Iād like the share price to be Ā£2000 so that I can stop working and take up goat herding as a hobby. Oh and also cover the fees that AJ Bell charge me on my LISA.
It looks like thereās a long way to go so if everyone could pull their fingers out, refer their friends, spread the good word, etc, thanks