Thanks to Gordon Smith (and John Collins in the background) for the nicely written article in the Irish Times today. It was triggered by our closing a follow on Angel Round in the last couple of weeks bringing our total to date to just under 200k.
The great news which accompanies that is the participation of Colm Lyon (of Realex Payments) in the round. He is also going to act as an adviser to us as we move to take advantage of the ongoing interest in dbTwang to accelerate a couple of the business strategies which are important to us. He will compliment Gerry McQuaid really nicely.
- Thanks to each of the existing and new investors - this is a leap of faith and we as co-founders are really aware of that.
- Thanks to Kilkenny CEB and Enterprise Ireland for their ongoing support (and no - we did not ask EI to participate in this round. Holding that for the big one early next year :-) )
- Final thanks from me personally to all of the other startup founders and CEO's who are there to support me. Bizcamp tomorrow is one of the ways in which I am trying to repay that support.
Extracts from the article:
A NEW Irish-based social network hopes to help guitar collectors find out whether their battered Strat was once gripped by Rory Gallagher, or whether Jimmy Page’s fingers ever danced across the frets of an old Gibson Les Paul.
Called dbTwang, the site aims to become a trusted place on the web where players and collectors can keep information about their guitars securely, over time building a history for their instruments, be they electric, acoustic or bass.
The site will use a “freemium” business model, where many services will cost nothing, and other exclusive features will be available only to paying subscribers. Data from the US suggest the conversion rate to paying users is between 3-8 per cent of a site’s total audience, Mr Bohanna said.