Hi All, Im not entirely new to CL8 as I have traded it in April...

Hi All,

Im not entirely new to CL8 as I have traded it in April 2015 ( yippee) and later in September 2015 ( bought at the top) but I am new to what the actual potential of CL8 is. The last times I just saw it as a trade.

I'm a big fan of Peter Thiel (definitely worth a google) and his book 'Zero to One' ( read, re-read, repeat)and I believe CL8 describes what he's talking about when he's saying he likes business with massive scale, potential monopoly high ROC etc. He talk about dominating the most important market and scaling up from there, which Chris Noone appears to be doing by focusing on DMC so much. A great example of this is Amazon which started selling books, dominated the market, grew reputation, trust, platform, process and then expanded into adjacent markets.

I think I as a consumer would prefer to have all the future sharing businesss under the one name and site. It the one place to go, one name: Collaborate. What does everyone else think?

I think if this company and potential were in the right hands it could be multi-billion dollar sized and follow a trajectory similar to that REA has taken in the last 15 years.

However, some things that cause me to hesitate are:

1. The founders aren't running it any longer.
2.The CEO seems more like a finance/ business guy than a 'tech guy' or visionary.
3. It hasn't got any high profile investors or funds backing it.
4. It's so cheap, little interest and it's valuation is extremely low ( a good thing yes but you gotta ask why).

It was only today that I heard about GoGet. Is there anyone out there that can tell me what the difference between CL8 and GoGet are? GoGet has been around for a lot longer and I'm wondering if CL8 has improved on their model/ business, are they even that similar, or are they competitors?

Reason being is that I like to invest in companies that are obviously a lot better than their competitors and not a mild improvement.

The sharing economy will only grow and expand.
I love the idea, the space and the potential, my question now is which company is going to dominate it?