BMW
X1 / X2
forum
BMW Garage BMW Meets Register Today's Posts
BIMMERPOST Universal Forums Off-Topic Discussions Board Tech Bros ran $800M Events Startup into Bankruptcy: Pollen

Post Reply
 
Thread Tools Search this Thread
      12-20-2022, 10:04 PM   #1
TXSTYLE
"Salud"
TXSTYLE's Avatar
15250
Rep
4,971
Posts

Drives: M8 Gran Coupe Comp & X5M Comp
Join Date: May 2013
Location: The GYM! (The Burbs - N TX)

iTrader: (0)

Tech Bros ran $800M Events Startup into Bankruptcy: Pollen

Wonder how the actual investors and venture capitalists feel about these 2 schmuks now?

https://nypost.com/2022/12/20/tech-b...ueled-parties/

Quote:
Callum Negus-Fancey, 32, and his brother, Liam, 29, founded Verve, a company that bundled music festival tickets with stays at luxury resorts that included concerts by headliners such as Justin Bieber, 50 Cent and Scooter Bran. The company’s name was later changed to Pollen.

Pollen, which was based in the United Kingdom but had an extensive presence in the United States and Poland, raised more than $200 million from venture capital firms. It filed for bankruptcy in August.
In May 2019, the two brothers staged a five-day glamping festival replete with acrobatic dancers, DJs, and contortionists at a camp-out site in Mendocino County, Calif.
__________________
https://flic.kr/p/2qwbTyk
Appreciate 0
      12-21-2022, 09:06 AM   #2
BRAKE!
First Lieutenant
999
Rep
352
Posts

Drives: 718 GT4
Join Date: Aug 2021
Location: USA

iTrader: (0)

Hindsight being 20/20, idk what they saw in these 2 guys to invest that kind of money into this company. But then again, when you’re in venture capital, you recognize that only a very small portion of your investment will amount to something, so this isn’t out of the norm.
Appreciate 0
      12-21-2022, 02:30 PM   #3
JMcLellan
Lieutenant Colonel
JMcLellan's Avatar
United_States
2822
Rep
1,657
Posts

Drives: 2024 M2
Join Date: Mar 2022
Location: MN

iTrader: (0)

Are venture capitalists bored with where to put their money, or suckers at a good sales pitch? Maybe I should put some idea together and go smooth talk some folks with money.......
__________________
2020 X5M Competition
2024 M2- Sold
2019 M240i- Sold
Appreciate 0
      12-21-2022, 03:07 PM   #4
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18525
Rep
9,432
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

Quote:
Originally Posted by JMcLellan View Post
Are venture capitalists bored with where to put their money, or suckers at a good sales pitch? Maybe I should put some idea together and go smooth talk some folks with money.......
"I'd buy that for a dollar!"
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 0
      12-21-2022, 03:39 PM   #5
TXSTYLE
"Salud"
TXSTYLE's Avatar
15250
Rep
4,971
Posts

Drives: M8 Gran Coupe Comp & X5M Comp
Join Date: May 2013
Location: The GYM! (The Burbs - N TX)

iTrader: (0)

Quote:
Originally Posted by JMcLellan View Post
Are venture capitalists bored with where to put their money, or suckers at a good sales pitch? Maybe I should put some idea together and go smooth talk some folks with money.......
No shit! I mean this particular concept and pitch was laughable to begin with.
A fool and their money....
Appreciate 0
      12-21-2022, 04:06 PM   #6
JMcLellan
Lieutenant Colonel
JMcLellan's Avatar
United_States
2822
Rep
1,657
Posts

Drives: 2024 M2
Join Date: Mar 2022
Location: MN

iTrader: (0)

Were they the same venture capitalists that invested in the Fyre festival thing? Remember that? This story reminds me of that a little.
__________________
2020 X5M Competition
2024 M2- Sold
2019 M240i- Sold
Appreciate 1
      12-21-2022, 05:10 PM   #7
wtwo3
Major General
wtwo3's Avatar
19294
Rep
5,699
Posts

Drives: 23 X7 40i; 23 M3; 24 cooper s
Join Date: Aug 2019
Location: IL

iTrader: (0)

Garage List
Quote:
Originally Posted by JMcLellan View Post
Maybe I should put some idea together and go smooth talk some folks with money.......
Count me in
__________________
2023 BMW X7 xDrive40i
2023 BMW M3 6MT
2024 Mini Cooper S Convertible

'20 BMW m340i... '20 BMW X5 40i... '16 Infiniti Q50 RS 400... '10 Lexus RX 350... '08 Lexus IS 350... '00 Nissan Maxima... '93 Nissan Maxima
Appreciate 1
JMcLellan2821.50
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 10:59 AM.




u11
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST