Posts tagged with 'funding'
Starting a new business isn't cheap. Even on the internet, I've seen
more than a few entrepreneurs experience surprise when they start to
realize how much it costs to get a venture off the ground.
Making sure your new business is well-capitalized is an important part
of achieving success. For that reason, it's important to ask the
question: how much do I really need and where am I going to get it?
Findababysitter.com has been going for around two years now, and recently relaunched the site after receiving a second round of funding.
The site works allows parents to search for nannies and childminders in their local area, and to advertise on the site when they require childminding services. I've been talking to owner Tom Harrow, who runs the website with his wife Vanessa...
Bad luck to Andy Cockburn and the Wigadoo team, following the news that it is closing down.
I really liked the Wigadoo model, and so did the likes of Brent Hoberman, who backed it. Wigadoo basically helped people to go Dutch online, for group outings such as events. So rather than having one person pay for four tickets, each person could chip into a central pot.
Simply put, the company ran out of time and money, and the appetite from the investment community wasn’t there to issue a new round of funding to take the business forward.