I think we all smell the same smoke.
the smoke of burning a lot of money.
they can compete with Currensee who is burning more….. and faster….

I think we all smell the same smoke.
the smoke of burning a lot of money.
they can compete with Currensee who is burning more….. and faster….

Yes Curensee, is probably the first one to go , these guys will make sure they take the brokers leads , re market them to other brokers , So if you really want to know what Curensee is , its called a glorified “PAMM”

For Etoro , they have somewhat of a business model as they are a broker/dealer and have their platform. So I wouldn’t count them out just yet , however as with any private equity investment in this market ( IBFX) usually deals end up going sour in the long run unless there are some decent gains..

Yes Curensee, is probably the first one to go , these guys will make sure they take the brokers leads , re market them to other brokers , So if you really want to know what Curensee is , its called a glorified “PAMM”

For Etoro , they have somewhat of a business model as they are a broker/dealer and have their platform. So I wouldn’t count them out just yet , however as with any private equity investment in this market ( IBFX) usually deals end up going sour in the long run unless there are some decent gains..

Why do they still need external funding? IF they are as successful as they claim to be … why do they need to keep bringing in investors? Maybe because their business model looks attractive to people from outside the industry (i.e VC firms) but in reality they are simply not making any money? VCs these days are easily impressed by keywords like “Social”, “user-base growth” etc .. but just because you get a bunch of people signing up to your social network … doesn’t mean they will convert to clients or that you will make any money. Any proper broker… Read more »

Why do they still need external funding? IF they are as successful as they claim to be … why do they need to keep bringing in investors? Maybe because their business model looks attractive to people from outside the industry (i.e VC firms) but in reality they are simply not making any money? VCs these days are easily impressed by keywords like “Social”, “user-base growth” etc .. but just because you get a bunch of people signing up to your social network … doesn’t mean they will convert to clients or that you will make any money. Any proper broker… Read more »

What I’d like to know is what did they do with the first round of $8m !! I don’t believe that can be accounted for in their Dev since they already have their tech team and marketing has not changed (from what I see) over the last year, they just have more emphasis on openbook..

so where is $8m and why aren’t the VC’s concerned that an established company has burnt that amount of money so quick with no return.

What I’d like to know is what did they do with the first round of $8m !! I don’t believe that can be accounted for in their Dev since they already have their tech team and marketing has not changed (from what I see) over the last year, they just have more emphasis on openbook..

so where is $8m and why aren’t the VC’s concerned that an established company has burnt that amount of money so quick with no return.

Congratulations!

— Asaf.