Interview with Janis Timma, CEO of $Crowdestor
- Part 3
00:00 Crowdestor Flex - why was it hidden?
05:50 Does lending company that raises capital, needs a license?
07:05 Why are Flex portfolio companies hidden from investors?
08:05 How much money was raised from ticket sales?
09:06 Would you be able to repay equity loans without ticket project?
11:05 Ticket sales are hidden, what happened?
11:50 Where would you like to move Crowdestor company?
12:14 Which regulators have issues with Flex and tickets?
12:48 Can a regulator ask to refund ticket sales?
14:10 Would you be able to spend 800k to solve urgent issues?
15:01 Should platform get their fee when loan is repaid?
15:30 Ticket project description
17:55 What will happen with money raised from remaining ticket sales?
19:05 Will ticket money be used straight away?
19:40 Investors are buying tickets to repay their own loans?
22:20 How many people work for Crowdestor?
23:10 Monthly burn rate?
23:30 Funded volume
24:30 Average fees, cash flow
25:34 How big are Crowdestor reserves?
26:40 Poll about legal action against Crowdestor
27:26 What is happening with big projects?
29:08 Why is Fertilizer not counted as capital loss in stats?
29:30 What happened with Buyback (Provision) Fund?
32:47 Should not Buyback be triggered when loan is in default?
33:35 Can you prove this 400k fund exists?
35:25 Why withdrawals are marked as refunds?
36:53 Georgian loan portfolios
38:15 Vormsate castle, Medical centre Aizupe
41:01 Any steps taken to become regulated?
41:58 Is there a risk to freeze operations or shut down?
42:39 Current business model is not working?
Previous parts of interview: