DCM Capital Sold for Peanuts

DCM Capital CEO Paul Hawtin says the new buyer has found a "bargain".

The sentiment analysis provider, which was launched by Paul Hawtin in May 2012 following the dissolution of his "Twitter Fund", sold yesterday to the highest bidder at the end of a two-week online auction. The winning bid came from a financial technology firm, which Hawtin declined to name.

Hawtin set a guide price of £5 million ($7.8m), but claimed at the start of the auction that anything above the £350,000 ($543,000) invested would represent a success.

However, despite admitting disappointmen

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: