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Early stage startups?

(5 Posts)
sophieontheinternet Fri 06-Jul-12 10:01:07

I saw this on techcrunch and thought it might interest some other MN'ers: - I don't work for them, I promise - I'm just a terminal optimist, so I liked the idea! I've always wanted to start my own business but I think you might need more free time and less DC vomit on your clothes wink

The idea is you invest in early stage startups - it's like kickstarter but with a real windfall if any of the young turks on there become the next facebook. Am I about to lose all my money? blush

sophieontheinternet Fri 06-Jul-12 10:03:46

Oh dear - I didn't click the link convert button!

The techcrunch post is here (and there's a video here)

Graciescotland Fri 06-Jul-12 10:23:46

TBH investing in startups is fraught with danger. I always look on it as akin to gambling don't put in more than you can afford to lose. That said we have a startup and our family/ friend investors are looking at a 626% return so it can be pretty lucrative too.

sophieontheinternet Fri 06-Jul-12 10:25:09

Gracie - that's amazing, what's it called? And how do you balance it with the kids?

Graciescotland Sun 08-Jul-12 06:02:38

It does sound impressive doesn't it. However it's only a valuation and it's a bit like being told your house is worth loads by a hopeful estate agent. In reality it's only really worth what somebody else is prepared to pay for it. Then you get offered 50p and a bag of sweets for a majority shareholding by the VC's. Which is why I'd always be wary of techie startups with no assets apart from a bit of IP. They might say they're going to be worth 10 million but whose going to pay it and why?

As for work I have 12 hours childcare a week plus a two hour nap everyday to work in and I have a terrible tendency to fall asleep with DS at eight and work from midnight to fourish. So I pretty much do full time hours for next to no pay.

Good luck smile

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