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Message: Re: IGD news release

May 08, 2012 04:57PM
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May 08, 2012 06:36PM

Hey Fitzy,

I actually see it another way...

It seems to me that this is a pure VC-style financing deal for what is clearly a tech start-up developing mobile application technology...and certainly there is nothing too earth shattering about that fact. Also, scouring the net...it appears that all the signs of an under the radar company preparing to launch a new tech product are there...however...

I have been involved in tech start-ups before that have gone through multiple rounds of financing both Angel and VC and I am currently involved with a mobile app start-up which will be looking to acquire Angel financing in the future....what I find odd is that a tech start-up would never in a million years look to a Junior Mining Exploration Company for venture capital...with two exceptions...one, if the technology being developed were specifically designed for the mining industry...or two, if there was a strong personal connection between the two companies.

...I am absolutely just speculating...but I would not be surprised if someone at TTAGIT and IGD are well acquianted.

Just one man's opinion,

S.


May 08, 2012 10:21PM
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