UK mobile money outfit Monitise is reporting a near-doubling of revenue for the year to end-June 2013.
Call me old fashioned - but i am not sure i get a business model that delivers, (after Gdnose how many years of funding rounds, mezz funding, dilution and expansion) a model that shows Losses growing in line with revenues.. I get it, that for a couple of
years a business loses money... Monetize seems to have taken out a patent on doing it for longer than any other company on earth!
On this basis - Monetise is possibly (along with Facebook) would appear to be one of the dinosaurs of the Dot Com/Mobile boom - unable to make the model work - but continuing to stomp around looking big and menacing, whilst more nimble 'mammalian' businesses
steal their lunch! Will their Dinner be 'Jam tomorrow'?
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