Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping

Quote from: solid12345 on October 14, 2015, 06:16:54 PM

http://www.coindesk.com/blockchain-factom-400-funding-11-million-valuatoin/?utm_content=buffer49f80&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

"The investment was provided by Kuala Innovations, which purchased a 3.64% stake in the company for 400,000 Seed Series Shares at $1 per share. According to a statement by Kuala, the investment gives Factom Inc a pre-money valuation of $11m."

can anyone explain me the difference between factom inc, factom and the factom foundation?

it would be funny as hell if factom inc (which I assume is an institutionalized entity using the factom network would be valued 13th times as high as the whole network).

it all does not really make any sense for me.

what is kuala BUYING there?