Welcome! I also invested in the Crowdcube round last time out, but I didn’t hear anything about this round (other than the same news you heard). These are, I think, worrying times for the company – being reliant on external funding is dangerous when investors are looking to be cautious. But if it can get through this, that will be a good sign of resiliency.
These are usually the times when Warren Buffett looks to put Berkshire Hathaway’s cash pile to some use – anyone got his number?
When a journalist cannot mention anything great about Monzo apart from the equivalent of 1 day of Revolut users growth “during Q4 2019, with a total of 20,843 net switches.”, one must just laugh.
I would be more than willing to invest further into Monzo and I am sure they could raise well over £40 mil from its current investors and more than £80 mil if all customers were allowed to invest in Monzo even if the valuation of Monzo was higher than the previous valuation so why are the board and Tom B accepting a 40% reduction in valuation from previous VC’s and not allowing crowdfunding investors to participate in this funding round? Sounds like a deal to allow previous VC’s to make a lot of money when Monzo does IPO in 3/4 years but crowdcube investors will miss out.
It takes a lot of effort to organise a crowdfunding round, considering Monzo is having to make redundancies it doesn’t seem like a good use of their time. Especially when they can easily garner investment from their existing investors.