RE: What happened to Factom deadline news?24 Jul 2019 15:10
good on you lord snoot - anyway - apart from cricket... and lets be honest, we have hit a bit of a dry spell with ffwd. but regarding factom.... one thing i know...
they are making money, they are revenue generating, and so the neccesity for funding series b isnt critical.
so... for me. whatever is going on behind the scenes, whatever you think may or may not happen, whatever you think and come up with colourful ideas on what the deal structure will look like for us... factom.... is... making money.
and so... from my persepctive, looking at zee bigger picture, im happy with our original agreement with them, it was a great deal tbh, and since its our biggest holding.... im even more happy. our big toy is revenue generating.
as for the future with factom, my opinon is that this is not a unicorn. its something that will be bought out eventually, although paul might not be happy about that.
they are not a merkting machine, they dont know how to market factom... so they either invest further, for marketing, after they release info on all the companies they have nda's with... or they get bought out.
paul will probably want world domination and i can see that he treats factom as his baby, a bit like jobmove is my baby i guess.
personally - i want factom bought out as i dont believe they have they infrastructure/experience to be global and dominate. they need a transition. just my opinion. they have the knowledge/developers and itellectual property. but thats as far as i think factom is for us. if they prove me wrong.... i will be delighted. but paul is a geek, not a marketeer. remember that.
its all good news though, just not a unicorn for us in my opinion because of the setup of the company.
my preference would clearly be not to be bought out yet, and ipo... but i cannot see that for factom. even if some big wig did say that they wpuld be bigger than x,y,z combined. thats easy words to say from a billionaire