December 26th, 2008
Hi everyone,
Hope you all had a great XMAS. I bought TheScene.com.au when I was CEO at destra corp a couple of years ago. TheScene.com.au was a leading website targeting Gen Y with a focus on Music, Fashion and Lifestyle. As you may know, destra went into VA about a month ago and yesterday we completed the acquisition of the website (thanks to my investor Danny Wallis who also helped fund the MP3.com.au acquisition from destra).
Over the coming months, we’ll focus on rebuilding the website, content and audience (as it was neglected by destra for over 6 months - very sad in my view as the new owners of destra didn’t seem to understand that you need to update content on the site in order to keep it fresh). Well their loss is my gain! Have a great New Year and looking forward to bigger and better things in 2009!
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December 5th, 2008
Welcome everyone,
It’s always been a dream to of mine to launch an investment fund focused on high growth Internet companies. Finally with the help of some great people, we have taken over the Future Capital Development Fund (see press article).
Our core focus will be to invest some “smart money” into smartly operated Internet businesses that want to grow. We will certainly be hands on helping grow the company, helping them raise further capital if required and then driving a trade sale. This helps provide liquidity for the original founders and provides for a capital gain on our investment if we do it right. Better still, any Capital Gains in our PDF are tax exempt (under the Pooled Development Fund Act 1992 - but i need to tell you; always seek your own financial and legal advice yadda yadda :-)
If you have any ideas, why not drop me an email via this websites contact form. I will have an Information Memorandum (IM) available next week for any interested parties.
ciao dom
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