Good morning, everyone, im scott mcgrew. One of the key drivers in Silicon Valley is Venture Capital, money to help grow your company in exchange for a piece of the pie. If the value were a living breathing thing then Venture Capital is its blood and sand hill road is its heart, which is what makes the company, appster, so mysterious started by two teenaged australians who havent taken a cent of outside money. The Company Growing so fast it will hire 150 people in San Francisco by the end of the month. The young men who share the title of ceo started their company in melbourne with 3,000. Last year, appster made 10 million in revenue. Josiah humphrey is one half of that team at appster, joined by Quentin Hardee the New York Times and alice trond of quartz. You started the company with 3,000 of your own money. I suppose if we are talking about this littlement amount of money, get specific australian or u. S. . Australian dollars. So 2300 u. S. There you go. And turned it into a company
Appster creditors want âjusticeâ after report finds âvery concerningâ conduct
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Directors of collapsed tech darling Appster have been accused of funnelling millions of dollars offshore and breaching directors duties, prompting the federal government to bankroll legal action against the former Melbourne rich listers.
An investigation by
The Age and
Sydney Morning Herald in 2018 revealed small business owners paid large sums of money to Appster to build new mobile apps in the weeks and days before the company went into liquidation.
Soon after, liquidators BK and Taylor started probing âred flagsâ around the technology startupâs demise and more than two years later, its final report has now been delivered to creditors.
Appster creditors want justice after report finds very concerning conduct smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.