Joseph Kelly Thinking out loud

Loopthing Seed Funding Round

This week saw the launch of the Loopthing seedcapital funding round. We thought this would be a good time to begin sourcing some inward investment given the network's stable base and suitable platform for growth.

It can be a difficult decision to make, as to when to time the injection of third party capital into an early stage company. Given revenue streams are more often than not planned rather than proven, the project must have a convincing revenue growth and development strategy to warrant suitable equity interest from prospective early stage investors.

We think we are timing it right, as we prepare for our official launch next month and the release of the first Loopthing business application.  More details to come on that at a later date. If fact I may actually reveal some elements of the new business application at Business Camp in Limerick, Ireland on the 11th October.  As for the official launch of Loopthing we are planning a live web broadcast for the end of October, so we'll be run off our feet to get everything ready, but isn't that what makes life worth living.