I couldn’t speak for which staff are able to sell, I’ve only read the same Sky News article
The reason I’m willing to hold for mega long term is I believe there is still a lot of value left. I was lucky enough to invest the maximum in each round. My rough plan is to sell some when I’m able to, so I can bank a ‘win’ and recoup a return in my investment. Let the rest ride for the longer term
No sorry, there were one million warnings on crowdcube about a lack of liquidity when you bought the shares. If you didn’t read them and didn’t understand what you were buying that’s on you.
Would it really be that difficult to let crowdcube resell shares ? There’s already a process for selling via crowdcube, when people going through divorce or similar, let crowdcube run it and crowdcube can charge some fees as well for arranging everything. While Monzo isn’t wrong because people were warned I do understand the frustration.
Revolut let their early crowd funding investors cash out, obviously monzo does not feel the same about allowing their early crowd funders do the same.
Brewdog also allowed it………
It can be done easily via crowdcube.
“Queue” usual people on here to defend monzo what ever they do.
usual response……You were warned that these shares were not liquid blah blah blah
OR
your shares are only worth what some one will pay for them.
OR
You accepted you may never be able to cash in your investment
YES - I accepted all that but when other banks like Revolut or craft beer brewers like brewdog reward their early backers and show it can easily be done why won’t they allow it.
Why is Monzo only allowing staff to cash out just before tax changes come in to effect.
it starts to look a bit off that monzo won’t do the same for their early backers
Monzo if they wanted to could include crowd cube investors and let crowd cube Handle the admin…
and before the usual people who seem to monitor this board to defend monzo reply……… I have substantially more shares than £8
This smells a bit off
Times are tough why won’t monzo allow people to cash out if the process is there,
If they wanted to is the key phrase there. I think Monzo has fumbled the ball on investor relations since day one as their executive team always had the belief that anyone is so lucky to be able to invest in Monzo. Their investor relations is just " they will be happy when we ipo so tell them to chill out and be quiet."
I think it’s more to do with the fact that early on this community was their ‘investor relations’ for crowd finders, and the top level executives participated. By the time we got to subsequent funding rounds where crowd funders might have wanted to cash out, the executive team and CEO had changed.
I get the feeling that the new leadership sees the crowd funders as an inherited ‘problem’ which they don’t want to put more than the absolute minimum required time and energy to. But we’ll see when this new round is properly announced. Maybe we’ll all be surprised and they will allow Crowdcube to manage trading of shares.
I will tell you that any of the big early investors don´t see return on investment as a bonus but they will require a return on the investment. The only difference is that those big early investors own a bigger share of the company and have more leverage to enforce this return but the principle is the same.
If the company is successful and you are part owner of the company and took on the most risk there is no reason why you should not see a return on the investment. It´s not just a bonus
Monzo has decided that employees will be able to sell their shares but the company could equally reward those early investors who have been with the company from the beginning.
The sooner you accept that you’re a small fish and move on, the better. You were advised to invest only what you could afford to lose, with no guarantee of a return.
Let it go, focus on living your life, and be happy. Stop complaining. If you get a return in the future, consider it a bonus.
Yes, it was always Tristan Thomas who put that investor relations hat on when the time came to crowdfunding and he would pop up here and there with an update when it was overdue or the investor mood soured a bit, however I remember they did put out a job advertisement for a crowdfunding investor relations ambassador person in around 2018 (like brewdog have always had) because they realised this was becoming bigger than Tristan and required full time attention from an expert, however they inexplicably pulled the job and just gave it back to Tristan, maybe because time was running out before the next crowd round.
Then afterwards investor relations seemed to disappear into the murky depths of Community. The most investor relations you could hope for after 2018 was for someone to change your community handle to have a rocket on it after someone has asked for it for ages.
After they chose Tristan for a project over a professional to work on it long term they then put crowdfunding investor relations on the back burner because they were no longer seeking investment and it was seen as an unnecessary expense, then the management changed in 2020 and this function has been seen as a waste of money and unimportant to the goal of making a profit.
Absolutely crap investor relations for many many years, but you can see how it happened. If they ever did hire a person or agency to handle this since 2018 then I’ve never been told or heard from them.
Are there any moderators of these boards? If so, why don’t they ever call out the Monzo cultists, who seem to think it is ok to try to shut down any meaningful discussion by resulting to personal insults? On every occasion.
Everyone’s perspective is valid, and it’s okay if some express theirs more strongly than others. You aren’t obligated to engage, but if you choose to, it contributes to the conversation, which is a positive thing.
Edit: Just seen the personal insults part. I too haven’t seen any, I don’t think
I can’t even see anyone defending Monzo here let alone personal insults. What is this? AI bot gone rogue.
Edit: I mean, if telling someone who is disappointed with their Monzo investment or Monzo’s conduct that they knew it was a risky investment and they would only be able to exit at ipo or buyout is being a Monzo defender and monzo cultist, then yeah there is loads of that on here whenever someone has a moan.
I wouldn’t say that’s what it is though. It’s just some members fed up of listening to some other members’ first world problems.
If some super wealthy fund is looking to buy into our little business here they surely they must see significant return potential - if I was a member of staff I would take my time deciding if I want to sell up just now