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Ex-Googler had to shut down his London startup after struggling to raise funding
- arcanus 10y ago> raised £409,000 in July 2015, seed round investors include JamJar Investments (The Founders of Innocent), The Collective, The Founder of Treatwell/Wahanda, Force Over Mass Capital, Jim Mellon and Pi Capital. So they burned through $500k in a year and did not have any traction. Not too surprising they had trouble raising more.
- mtmail 10y agoIt was 1 million USD even. The founder's linkedin page says £650,000 and I used the exchange rate from 2015 because after the Brexit vote the British Pound lost a lot in value.
- cbanek 10y agoReminds me of the "bro" app from SV. How can it take 8 people to build such a thing? Most of the failures in startups I seem to hear about are hiring too fast, and having no business model. This one seems to check both.