October 10, 2021

"Prince Harry’s mental health start-up has trebled its valuation in just eight months to $4.7 billion (£3.5 billion) after scoring $300 million from investors..."

"... including a secretive fund run for Silicon Valley tycoons such as Mark Zuckerberg. The latest cash injection will help BetterUp, where the Duke of Sussex is chief impact officer, to expand globally. It recently unveiled plans to open a London office and hire about 75 staff. The California-based company’s app costs $249 a month for users in the US, who get one-to-one coaching sessions on everything from mental health and nutrition to work and childcare. Prince Harry joined the company this year and has been on paternity leave after the birth of his daughter Lilibet."

The London Times reports.

Look at how money flows to that man! What work is he actually doing for this company? I mean, even when he's not off on paternity leave? Do Zuckerberg et al. really believe there are hordes of people able and willing to pay $249 a month for "one-to-one coaching sessions" on miscellaneous subjects — enough to explain a company worth $4.7 billion? 

I wonder if the one-to-one coaches will ever help subscription-payers with their addiction to Facebook?

And what is a "chief impact officer" anyway?

46 comments:

rhhardin said...

Women will pay it to relate somehow to Diana's son.

Mike Sylwester said...

... plans to open a London office and hire about 75 staff

The staff better include a collections department. Many of the subscribing customers will fail to pay the promised $249 a month.

Wilbur said...

He's created a new job description.

Garnerer.

EAB said...

To really get this thing going, they should acquire or do a strategic partnership with Goop.

JRoberts said...

Paging Elizabeth Holmes…

RMc said...

Look at how money flows to that man! What work is he actually doing for this company?

He's famous, which is something 99.999+% of us are not.

R C Belaire said...

World class grifters. Didn't take Harry and the missus very long to monetize their "fame."

Temujin said...

NGOs and not-for profit organizations are the biggest scams in the world today. They cannot produce enough of them weekly, and yet the funds just keep flowing into these money laundering machines. The actual organizations who do good work, are effective and productive with the funds they receive, are few and far between. Most of them are just simple money raising virtue signals.

It's a great way to earn millions. Just ask Chelsea Clinton and her folks.

Fernandinande said...

The purpose is to increase the profits of businesses by manipulating their employees. Anti-white racism is part of the package:

"We prioritize diversity, equity, inclusion, and belonging education for every employee and have created our Belonging@BetterUp program to build practices that foster cultural inclusion and workplace belonging."

BetterUp is located in San Francisco, but have nothing to say about SF's crazy people living on the streets. No "cultural inclusion and workplace belonging" for them!

mccullough said...

The coaches work at a call center in India.

walter said...

Might have a uniquely informed battered husband angle.

Kevin said...

Look at how money flows to that man! What work is he actually doing for this company?

Al Gore 2.0.

robother said...

Starting some time in the last 20 years, I started seeing the term "impactful" in every start-up PR release and then S-1. No lawyer had the temerity to ask "what the hell is impactful" since the term was treated with such reverence by the VCs and investment bankers.

Given that history, it makes total sense that a start-up needs a chief Impact officer, and a Royal at that. As Mark Twain could've predicted, we are fast approaching the day when every start-up app company will need a Duke and a Dauphin.

retail lawyer said...

Zuck damages the mental health of teen girls and then charges $249 per month for a futile effort to undue the damage when they are old enough to pay the fee.
Didn't Obama say something once about having earned enough money?

retail lawyer said...
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Bob Boyd said...

I wonder if the USS Connecticut had a Chief Impact Officer aboard.
The way things have been going in recent years, the US Navy may have to put a CIO on all their ships.

Howard said...

Harry got the job because Elizabeth Holmes wasn't available.

Josephbleau said...

Professor Harold Hill was the first Chief Impact Officer. Truly, people like Harry have no shame, same as Hunter Biden. Harry and his wife need to fork over the 300 bucks and get some help.

Bob Boyd said...

Harry's job as CIO is to make sure everyone at ButterUp is spanking that monkey as hard as they can.

Mike of Snoqualmie said...

Prince Harry is the Hunter Biden of the Royal family. He's there to hoover-up all the moolah.

PB said...

Look at many major companies. Lots of people with "Chief" at the beginning of their title. Most are not corporate officers. In my experience, it's someone who really adds zero value to the enterprise, and subtracts value via time-wasting activities throughout the company, keeping people from doing jobs that have actual value. There is an active eco-system where these people jump from company to company doing the same damaging thing.

As to Harry's company. Revenues? Certainly not enough to support that valuation, but that's not the current model. It'll go public at some point to allow the investors to cash in, and he'll likely cash out a few hundred million at some point. The stock will then tank as it begins it's inevitable journey to zero, but he'll have lots of money to piss away keeping Meghan in the style to which she wants to be accustomed.

Mike of Snoqualmie said...

BetterUp is located in San Francisco, but have nothing to say about SF's crazy people living on the streets. No "cultural inclusion and workplace belonging" for them!

The homeless have much better things to spend their money on than wasting $249/mo on "mental health" services. Like heroine and meth. Much better.

Bender said...

White privilege on display.

John henry said...

And the difference between him and hunter Biden is?

Let's go Brandon!

John Henry

Critter said...

"Look at how money flows to that man!"

That is what you get for successful branding. Remember, Bernie Madoff had great branding until his Ponzi scheme unravelled.

In Harry's case, he's branding as the new, improved royal. He's useful to the left who give him money because he's helping to tear down the last vestiges of respect for the British royals. All part of the long march to Marxism.

ChrisC said...

So, Zuckerberg makes teenage girls commit suicide by the 1,000's via instagram and then funds Prince Harry's "company" to clean up the mess. Cool.

Lurker21 said...

Where'd he get his business plan? From Ozy? Enron? Elizabeth Holmes? Bernie Madoff?

Clyde said...

Ah, but can Harry paint like Hunter?

veni vidi vici said...

The "Chief Impact Officer" works deep in the bowels of the company, where his impactions are most keenly felt.

cfkane1701 said...

"Hordes" of people, not "hoards."

A horde is a large group; a hoard is a cache or stash, or when used as a verb, the act of doing so.

MikeD said...

As P.T. Barnum allegedly said: "there's a sucker born every minute". This would also apply to the previous post's warmists.

Lars Porsena said...

A big payday here for consultants, organizers, studies, referrals, ancillary services, administrators...............................

wendybar said...

Oh goody. A new religion for Progressives. Watch the lectures we will all get from these elite idiots who think they know more about life than YOU do.

khematite said...
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khematite said...

It's rare to find a misspelling on this blog, but I'm much too compulsive to be able to refrain from pointing out that people are arrayed in "hordes," not "hoards."

Roger Sweeny said...

I wouldn't be at all surprised if the company succeeds. Many people have been in semi-nurturant institutions since before they could talk, where they are taught to go to a staff member whenever they have a problem or don't know what to do. Lots of people will find it worth $3,000 a year to be able to continue to do that.

rehajm said...

Zuck damages the mental health of teen girls and then charges $249 per month for a futile effort to undue the damage when they are old enough to pay the fee.

In these dark times it's critical to have control over your supply chain. Zuck must have hired an MBA...

Aggie said...

Who is surprised? Megan Sparkle-Markle is a grasping, greedy woman who has Big Plans for her ride. Trading on Harry's inherited social position was the plan along. When palace life proved to be unsatisfying and boringly slow and too low-wattage, the alternative plan was put into place.

I doubt very much that it will last - they're not glamorous enough, Megan has no personality, just a driving ambition for fame and achievement. And Harry has that dazed, miserable-but-can't-quite-figure-out-why look about him.

Drago said...

Why didn't Harry just slap some paint drops on canvas and sell it?

Joe Smith said...

Scam. The man is a dolt...just look at his choice in a wife who has been 'admired' by every middle eastern potentate...

madAsHell said...

How long before this kind of nonsense is covered by Medicare???

I'm guessing that's where the start-up money is going.

madAsHell said...

This is the kind of re-assurance women would normally seek from Oprah....for free.

I'll bet that Harry's thinking "Why can't Megan be the next Oprah??", and charge $250 a month!!

I see your royal family, and I raise you a minor celebrity!!

".....and you get a car!...and you get a car!!" Lather. rinse. repeat.

Chris Lopes said...

"And the difference between him and hunter Biden is?"

Harry married his ho. Hunter just knocked his ho up.

Stephanie A. Richer said...

The new Theranos?

Balfegor said...

Re: John Henry:

And the difference between him and hunter Biden is?

I think there's a pretty big difference between giving money to the son of the Vice President or President of the United States and giving money to a minor royal. In one case, you're obviously paying for access/influence over someone in a position to shape US government policy (namely, Joe "Big Guy" Biden). In the other you're . . what, hoping the Queen forgives Prince Harry for his indiscretions and leans on her Prime Minister to do his friends a favour? The connection to any business advantage seems pretty remote.

Amadeus 48 said...

Prince Harry is in trading to become Prince Andrew.

Royalty for hire.