How do you recover money from Tyke?
Whilst the Shark Tank S1 wave, a year ago, I got all excited and ended up investing in one of the companies listed on TYKE and purchased their CSOPs (Community Stock Options) The company since then has only incurred losses and I feel like I have to write off the amount. Anyone who has faced similar challenges/got a positive return from Tyke portfolios and how did you end up cashing them out.
Forget it. You followed fomo.and got fooled by tike as you never knew what you are getting into. You burnt your fingers and the only way for you to come out of it is to take it as a lesson learnt to not ride on fomo and understand how this works. Power of concentration is equally as important as diversification but with small.amounts on tyke nothing happens
Why do people think investing in startups and especially early stage startups is like loaning money to a friend or even worse like putting money in FD? If the invested company value has gone down, you either bite the bullet or stay in for long.
BackCravat33
Stealth
a year ago
Which company are you talking about? Tyke has become a black box. Regular updates on portfolio companies missing
BackCravat33
Stealth
a year ago
Despite the company incurring losses, I am sure that the valuation would have gone up.
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