UKNM: E-millionnaires

[Steve Johnston]

Anyone else notice the rather interesting contradiction in Matthew Freud's

winning announcements:


I paraphrase:

1. Before awarding first prize to schoolsforschools.com he said: This is not

about the people. They are all passionate and committed and no doubt will go

on to succeed. It is about the business ideas and what the consortium can do

to help make them succeed.

2. Before awarding the same amount of money to youreable.com he said: There

are no runners up. We want to invest one million pounds in Joe.


I took that to mean:

1. This is one should work really well from an investment point of view.

Thanks for the idea. You can have the title of 'President' but we don't have

any faith in your ability to run this business, so we won't let you.

2. This idea is a natural web property, but has shaky commercial

fundamentals. Joe, however, is such an inspiration, got a good head on his

shoulders, knows his weaknesses, will be a great leader. We'll back him -

along with our fabulous abilities - to make this work.


Some tips for those of us in pursuit of backing, methinks.


Steve.

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stevejohnston [dot] co [dot] uk

t: +44 (0) 7050 6050 33

f: +44 (0) 8707 3455 33

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