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BLA raised $23.9m for Vinomofo at $100m val. $10m went to...

  1. RAllen50
    929 Posts.
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    30/03/18
    17:37
    Post #: 32143657
    BLA raised $23.9m for Vinomofo at $100m val.

    $10m went to founders
    $10m went to investment in VM
    $3.9m went to BLA in fees

    They only committed $3m of their own money from BAF into the investment.

    Mug Super Funds and unsophisticated investors are punting up funds on the above terms. BLA doing well out of it (unreasonbly IMO) but investors will struggle to make any money back.
    BLA Price at posting: $10.40 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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