Silicon Valley CEO admits $1.5m wire fraud: Bouxtie boss forged signatures to investors Bouxtie had everything you can dream of in a Silicon Valley startup. A stupid name (it's pronounced "bow-tie"), a vastly over-confident CEO with a story, millions in VC money, and a nonsensical business model built around an app. And yet this week its chief exec Renato Libric pleaded guilty, in a US federal district court, to …
"He told me, 'Renato, you have a much bigger vision than can be realized here. You are too small for Europe and the UK, but if you really want to change the world and have those kind of big ideas, the money is in San Francisco'," Libric was quoted as saying.
Me, I'd have gone for a disbelieving guffaw and "That's your product!? Get the fuck out of here!", but Branson suavely got him the fuck out of the continent.
The author of the Forbes story, Murray Newlands, apparently writes puff pieces as a business. Or does "Influencer Marketing". Or "Media Training". Or any of a dozen other marketing things.
He apparently no longer writes for Forbes. He published a whole sluice full of stories about a year ago, but they suddenly stopped 8 months ago. He is currently identified as a "subscriber" on the author link. Hmm...
I'll write the script for the .app. It involves a pitch, the investor, seventy one percent of the same code and a new business process. It should be a fifty percent success rate, before money and ego gets involved. Be warned the moneymaker will bury you and your house is on the line, not his. #cunningplan #sixdecimalplaces
N.B. There's more money spent on Bitmoji than any UK start-up and I'd probably guess Europe. FWIW.
100000000000 / 300000000 => $333.33
I know gift cards are a big deal and I also guess it's a market that could be disrupted. But do you really mean to tell me that each American spends, on average, about $300/year on gift cards? Or is the combined market cap of the main actors $100B? Which is a very different number.
Otherwise, great article about gullibility, fluff pieces and the mendacity of some bad actors.
This terrible name is obviously meant to appear French, at least to say out loud. Problem is, that "Boux" would pronounce as "Boo" and the company name is "Bootie". Little socks, how cute!
The "Bo" (long O) sound would be spelled Beau (or Beaux plural). However, using that for "bowtie" leads to "Beautie" which looks like Beauty. Having chosen to weirdly spell a common word as their name, the obvious pseudo-spelling didn't work so they chose to mispronounce it as well.
If you have to jump through so many hoops to make it fit, it ain't working guys!
Ah hell, let's have some fun. One could use "Beaux Tie" (plural to include all genders) for a bondage supply company. Just sayin'.
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