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      12-20-2022, 10:04 PM   #1
TXSTYLE
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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/

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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.
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      12-21-2022, 09:06 AM   #2
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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.
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      12-21-2022, 02:30 PM   #3
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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.......
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      12-21-2022, 03:07 PM   #4
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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!"
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      12-21-2022, 03:39 PM   #5
TXSTYLE
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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....
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      12-21-2022, 04:06 PM   #6
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Were they the same venture capitalists that invested in the Fyre festival thing? Remember that? This story reminds me of that a little.
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      12-21-2022, 05:10 PM   #7
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Maybe I should put some idea together and go smooth talk some folks with money.......
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