Agreed - and it was a heavily emotive topic where potential investors missed out in the last round, so it’s great that Monzo have made this round even more accessible!
It’s definitely a tough one to stay objective with. I can do all the reading of prospectuses and annual reports I like, and attempt to do some due diligence on any investment, but ultimately it’ll still be exactly this:
Big, apparently successful companies, even. Sugru is probably the object lesson here. Amazing product, crowdfunded by passionate investors… and sold at a huge loss after running into cash-flow problems. Crowdfunded at a valuation of over £30 million, sold for £7.5 million. So investors ended up paying pounds to get pennies.
So, I’ve been discussing with my buddies who use Monzo and surprisingly they are all already aware through email and in app that there is a raise. They all knew when it was happening and are all planning to invest. Given that they aren’t the most switched on bunch I find this surprising and, also, how much they were all planning to put in. I’m going to call it… all £20m gone by midnight next Thursday.
Hi i have just looked through the prospectus it included no information about financial snapshots in the future. Although we know its only forecasts isn’t there anyway this will be updated as it would be good to see what the growth will be in terms of revenue in the next 3 to 5 years as im sure this information would’ve been provided to General Catalyst and Accel Partners. I could be wrong and its in there already if it is please direct me, if it isn’t please update this for us if possible.
There’s so much funding this time around that you most probably won’t get crowded out - but if you invest on the day it opens you can pretty much guarantee a space.