This mobile payments startup just raised $15M

cmoney.com

9 points·aneil··7 comments

http://www.cmoney.com/NewsEvents/tabid/57/articleType/ArticleView/articleId/1/C-cMoney-Secures-15-Million-Financing-from-Kodiak-Capital-Group-LLC.aspx

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There are certain things that I cannot rationalize, this is one of them.

Perhaps the funding isn't real. I don't believe it is.

Reading her profile and all that talk about her "Lord" (notice those are her quotes, not mine) makes me wonder exactly what kind of Angels coughed up the $15M.

This is proof: You can do anything if you put your mind to it.

I'm serious. Everyone is sneering at this startup and her idea but maybe it'll work out. I dunno. I've worked at shadier companies (probably) that somehow produced worthwhile software. It looks like "less sure" than the normal YC crowd, maybe it's some kind of a scam -- I Dunno -- but if she got funding then maybe so can I someday.

Actual funding announcement: http://www.cmoney.com/NewsEvents/tabid/57/articleType/Articl...

How will this compare with something like https://venmo.com/ ?

"Kodiak itself is a start-up, founded late last year with $250 million under management. Hodson says the firm typically invests between $5 million and $25 million in public companies and larger private companies."

Their site seems intentionally vague about what they do exactly and what the benefits are to both consumers and merchants..

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