Jafri Rises
In the category of what goes down must come up - check out www.cfares.com . Yes Vijid is at it again. Not content to blow some investors money - (Think excambria) he is back again trying to sell software to the gullible Travel Industry. Far be it for me to say whether he is good or bad and we don’t impugn or condone that behavior - but from the positions I have sat and watched his behavior before - this is another potential train wreck.
Do I have a grudge against Mr Jafri - actually I do. I watched him tie up a project I worked on in knots with a frivolous lawsuit (subsequently dismissed) that cost the principals in my project lose interest and money focusing on his time wasting effort to derail our project in favor of his own.
Great anecdotal stories on his relationship with certain company based in Texas. But if I look at this I have to say that the model is flawed and unfortunately it goes straight into the bin. Getting people to pony up subscriptions on the come for an untried and unproven product (by that I mean in the market place making consistent revenues for years at a time) I thought was very well 90s. But if you can believe him that 1500 gullible souls have allegedly paid up subscriptions and Garage Ventures some extra cash - well I am sure this wont last long. But I have been proven wrong before (OK So Rakesh is still at Worldspan and I have eaten a hat but September isn’t over yet!).
My proven point? This industry has the greatest percentage of unsmart people. I just hope that we can continue to be at least the one eyed man in this land of the seemingly blind. I just don’t understand why!
Cheers
T
Timothy J O'Neil-Dunne
Managing Partner - T2Impact Ltd
Global Travel eBusiness
Tel (US) +1 425 836 4770
Mobile (US) +1 425 785 4457
Mobile (International) +44 7770 33 81 75
Fax +1 815 377 1583
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