[kictanet] Good Time To Reap: The Co-entrepreneur Investor Model is Still A Model for Angels

[WANGARI KABIRU]

http://ventureburn.com/2018/11/silvertree-majority-stakes-founders-concerned/


In August Koser told Ventureburn that Silvertree looks to take a stake of 30% to 90% in those companies it invests in, with the view of eventually increasing this to 100% (shareholders he adds, will still enjoy “minority rights”). He calls his investment company’s approach one of fostering “co-entrepreneurs”.

However Marx this week said he and his co-founders were made to feel like employees, rather than “co-entrepreneurs”.

He said a key disagreement was over the business model – with Marx and his fellow co-founders wanting to focus more on generating revenue from the web platform itself, and Silvertree wanting to shift the focus to the brokerage linked to the startup, that provided clients with insurance quotes.
The three in August last year founded MoneyPanda, which essentially offers the same thing that CompareGuru does......Torr says in addition he has separate business interest with Koser. It could be why he’s smiling. Or, because he had Silvertree remove a clause from the contract he and Verster Cohen signed when the investor approached UCook to invest in the business.
He says Silvertree initially wanted to add a clause to the investment contact, stating that the investor aims to take a majority stake in those it invest in, within a short period of time.


Be blessed.Regards/Wangari
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Pray God Bless. 2013Wangari circa - "Being of the Light, We are Restored Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on Earth".
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