Hi @tristan, thank you for the update, and well done for raising further funds. I hope they keep Monzo going for as long as necessary.
ACTION NO LONGER REQUIRED - EMAIL FOUND (though I’ve left my original statement below so @Ordog’s reply makes sense)
You mention all investors through CrowdCube had been informed by email yesterday. This appears not to have worked for at least some investors. I’ve invested in all available rounds, and received no email. I suspect I’m not the only investor in this position. Could you please investigate and confirm back to us what’s happened? Thank you.
I am absolutely appalled by some of the tones from certain members in this thread. It appears to be the same people around the community too.
Just because someone has only invested say £10, and you’ve invested say £1000, does not mean that their opinion as an investor is any less valuable. The only difference is in wallet size. You’re still all human.
The way some of these replies are worded I personally feel is creating a “the big spenders” and the “the nobodies” type of situation and is unacceptable.
This community is really becoming quite a vile playground for a certain few people which is sad.
But getting back to the topic at hand, thank you for the update Tristan. One hopes that 2018 investors will start seeing an increase in the near future.
What an utter disappointment. I was naive to think that Monzo was a company that wouldn’t dilute the shares of its loyal customer base. I guess we’re just nobodies to them, since we don’t have the protection of an anti dilution clause.
It’s difficult to tell exactly how much we were all diluted. I invested in 2018. The subsequent private investment round was at a 2bn valuation and was of 130mil, each share was over 13, but now they have issued at least 40% of those shares again because the private investors were protected by a non dilution clause.
Sadly this is probably only the first red flag. I can’t imagine it will be the last, they’ve just demonstrated they have no interest in protecting the crowdfunding investors.
I don’t think that someone not doing something they never promised to do is too much in the way of grounds for a complaint personally. Maybe a little more checking before buying was the thing to do here if this was going to be important to you?