Grant has been working on the app since high school, over six years. College apps have been tried ad nauseam. Even if you threw a bunch of free mONEY at college kids, it would be tough to get them to switch from what they use today.
IF Wikolo is the newco, look for them to do a big RS and dilute to raise funds. It is a red flag when a startup can't get traditional VC funding and it's obvious why in this case.
The only college app I've seen that had an interesting business model was Scholly that was on Shark Tank in 2015. That one recently was valued only at $1.5M and it took almost 10 years to get there. What's mONI market cap right now? LMAO
Wikolo?? Really?? Dare I say don't get excited yet?
Five instagram posts. This was the first, over a year ago:
wikolosuperapp's profile picture The wait is about to be over. Get ready to experience a whole new futuristic super app.
Wikolo- Coming super soon
#Wikolo #ComingSoon #SuperApp Edited · 66w
If this is $mONI's future, it sure looks like Bitgrift 2.0. Even the writing is similar, long on superlatives, short on specifics:
About Wikolo Wikolo is designed in real time to help navigate and simplify lives by connecting the best to the best student services on one platform. Wikolo is the dynamic digital industry disruptor committed to college staff & students by providing premium services in communications, finances, health, entertainment & more on one platform. Wikolo is the ultimate super app dedicated to helping college staff & students live fuller and more convenient lives.