$CRWG An Emerging Nexus for Digital Cannabis: WH
Post# of 886
Posted On: 06/12/2015 10:21:38 AM
$CRWG An Emerging Nexus for Digital Cannabis:
WHITEFISH, MT / ACCESSWIRE / June 1, 2015 / Paul Graham, a famous venture capitalist and founder of YCombinator, once summarized a good start-up founder in two words - relentlessly resourceful.
CrowdGather Inc. (CRWG) became a publicly traded company in early-2008 shortly before the global economic crisis placed a devastating blow on the financial markets. With a limited ability to raise capital, the company was forced to keep its cash burn low and find innovative ways to build long-term value and stay alive. The relentless resourcefulness of CEO Sanjay Sabnani and his team ultimately kept the company alive, and now, prepared it to thrive.
The company began to change its tune in 2013 and 2014 after the economic recovery truly began to take hold and capital became easier to raise. In May of 2014, the company sold its flagship PBNation.com forum and other assets to VerticalScope and acquired Plaor - a developer of highly scalable multi-platform games - which generated $690,507 in revenue at an attractive 75% gross margin, as of the three months ended January 31, 2015.
WHITEFISH, MT / ACCESSWIRE / June 1, 2015 / Paul Graham, a famous venture capitalist and founder of YCombinator, once summarized a good start-up founder in two words - relentlessly resourceful.
CrowdGather Inc. (CRWG) became a publicly traded company in early-2008 shortly before the global economic crisis placed a devastating blow on the financial markets. With a limited ability to raise capital, the company was forced to keep its cash burn low and find innovative ways to build long-term value and stay alive. The relentless resourcefulness of CEO Sanjay Sabnani and his team ultimately kept the company alive, and now, prepared it to thrive.
The company began to change its tune in 2013 and 2014 after the economic recovery truly began to take hold and capital became easier to raise. In May of 2014, the company sold its flagship PBNation.com forum and other assets to VerticalScope and acquired Plaor - a developer of highly scalable multi-platform games - which generated $690,507 in revenue at an attractive 75% gross margin, as of the three months ended January 31, 2015.
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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