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Post by valerieb on Mar 27, 2014 9:09:10 GMT
Anyone got any views on the Nicola Horlick site which is supposedly launching soon? It's referred to as crowdfunding but sounds like p2b.
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j
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Post by j on Mar 27, 2014 10:24:08 GMT
Anyone got any views on the Nicola Horlick site which is supposedly launching soon? It's referred to as crowdfunding but sounds like p2b. Horlick?! Isn't that a malty drink?.....Seriously though, her Wiki page is not too bad but. I think we're now at a stage in p2p where you need to look at the whole team involved & not just who's spearheading a particular co.
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Post by easteregg on Mar 27, 2014 12:26:19 GMT
Anyone got any views on the Nicola Horlick site which is supposedly launching soon? It's referred to as crowdfunding but sounds like p2b.
[Mods - can we move this to a new Money & Co thread please?]
I'm still awaiting some more details on this. I was a little concerned by the use of the term "crowdfunding" as this is clearly peer-to-business lending. While a new company with a press savvy person at the helm will generate a lot of interest, I would like to see how they differentiate themselves from FC, Assetz, Wellesley, rebuildingsociety, FE, FK, BTL and any others I've omitted.
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shimself
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Post by shimself on Mar 27, 2014 14:28:06 GMT
I spoke to them a few weeks ago.
In part they are the descendants of Beer & Co who got bought? by IW Capital.
Beer and Co facilitated angel investment over 10? years or so; I suspect their business model got overtaken by crowd investment
Money & Co are capitalised at over 1M
Nicola Horlick (Bramdean) was reported to be one of Madoff's clients which makes her either a ***** or a *** but anyway not always a great judge of businesses
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Post by uncletone on Mar 27, 2014 14:50:41 GMT
[Mods - can we move this to a new Money & Co thread please?] Your merest wish is my honour to fulfil. 
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Post by batchoy on Mar 27, 2014 15:42:47 GMT
The Money & Co page on the IW Capital website does not inspire confidence to quote: Why would you want to invest through a platform where the directors are publicly thinking about their exit strategy before they have even got started. |
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Post by westonkevRS on Mar 27, 2014 18:44:40 GMT
My personal opinion is that she is a great self publicist. Although she has invariably had some great career sucess; she was sacked by Morgan Grenfell, had a loss making and under benchmark peforming fund at SGAM and the lost a stack of money to Madoff. I appreciate it was the press that gave her the "super" tag but the trip to Frankfurt was a stunt and this venture is using capitalising on this image.
Apologies for the rant. But I was frustrated a few months back when a national newspaper had a two page article on P2P with a few small paragraphs for all the established players and a huge picture of the super woman for a business that hadn't even launched and was all about a quick buck on the bandwagon.
I'm not usually this angry, apologies.
Kevin.
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pikestaff
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Post by pikestaff on Mar 27, 2014 20:20:59 GMT
Couldn't agree more. No need to apologise.
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j
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Penguins are very misunderstood!
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Post by j on Mar 27, 2014 21:53:08 GMT
My personal opinion is that she is a great self publicist. Although she has invariably had some great career sucess; she was sacked by Morgan Grenfell, had a loss making and under benchmark peforming fund at SGAM and the lost a stack of money to Madoff. I appreciate it was the press that gave her the "super" tag but the trip to Frankfurt was a stunt and this venture is using capitalising on this image. Apologies for the rant. But I was frustrated a few months back when a national newspaper had a two page article on P2P with a few small paragraphs for all the established players and a huge picture of the super woman for a business that hadn't even launched and was all about a quick buck on the bandwagon. I'm not usually this angry, apologies. Kevin. Don't apologise. Say it as you mean it & you'll get more respect that way. This is ours & our kids' pensions/inheritances we're talking about here.
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Post by bracknellboy on Mar 27, 2014 22:10:02 GMT
I thought she'd made a bit of a horlick's of most of her recent adventures hadn't she ?
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Post by easteregg on Mar 27, 2014 22:41:43 GMT
My personal opinion is that she is a great self publicist. Although she has invariably had some great career sucess; she was sacked by Morgan Grenfell, had a loss making and under benchmark peforming fund at SGAM and the lost a stack of money to Madoff. I appreciate it was the press that gave her the "super" tag but the trip to Frankfurt was a stunt and this venture is using capitalising on this image. Apologies for the rant. But I was frustrated a few months back when a national newspaper had a two page article on P2P with a few small paragraphs for all the established players and a huge picture of the super woman for a business that hadn't even launched and was all about a quick buck on the bandwagon. I'm not usually this angry, apologies. Kevin. With the greatest respect to Giles Andrews and the other CEO's and directors of the peer-to-peer companies, Nicola Horlick is already well known to the financial press and to some extent the general public, and therefore will get far greater exposure than anyone else. One of my biggest concerns with this sector is that there are no shortage of people wanting to jump on the P2P bandwagon. I'm not saying this is the case here, far from it, but there will be some. They see growth within this sector as a way to make a quick buck, no matter how they do it, and they will also have a clear exit strategy. This sector has grown due to several factors. Innovative companies (Zopa, RateSetter and Funding Circle were the first to walk the P2P path where a lot of companies now follow), investors (lenders) who were willing to give P2P a try, and borrowers willing to deal with a new breed of internet companies. It hasn't grown due to copycats and people looking to make a quick buck.
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Post by westonkevRS on Mar 28, 2014 6:33:05 GMT
Agreed, although just a shame it isn't someone that might be more deserving on the press. Say Richard Branson or Terry Smith (names off top of head), although these would be welcome serious challengers.
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JamesFrance
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Post by JamesFrance on Mar 28, 2014 8:42:24 GMT
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Post by valerieb on Mar 28, 2014 20:51:13 GMT
Yes, very interesting article; thanks, James. I wonder how high Money & Co will score on transparency and integrity?
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j
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Post by j on Mar 28, 2014 22:00:36 GMT
thanks for the link. The more & I read it, the more alrams went ringing. More like a pr exercise than building an ethical lending business
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