How Some Seafood Investors Go ‘Round and ‘Round
SEAFOODNEWS.COM [SeafoodNews] News Analysis - by John Sackton – October 23, 2018
The Seafood Industry remains a target for investors, both large and small. Although there are some good, sound strategic investments, there is also a lot of fluff which investors seem to chase generation after generation.
The latest example of fluff, in my opinion, is an Australian restaurateur and fishmonger who have gotten $2 million in angel funding for ShoreTrade, another “attempt to cut out the numerous middlemen and suppliers in the seafood supply chain.”
Where have we heard this before? Around 1999, when we founded Seafood.com, there was GoFish, which raised $38 million and then quickly went belly up, chasing the same principle.
At that time there were over 35 internet based fish auction...
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