BlackStar could soon be in ascent

Video online retailer BlackStar might just be a Net star of the future. It has secured an investment of £3.8 million from Atlas Venture and a bunch of Texans. Not bad for the Belfast business launched early last year with its initial stock balanced precariously on a table tennis table. Now it offers 50,000 videos online at www.blackstar.co.uk compared with a typical 2500 from your average High Street retailer. It claims customers in 95 countries and, unusually, to be generating profits on a turnover that has long since steamed past the £1 million mark. When so many lossmaking Internet stocks are trading at massively inflated prices, BlackStar could just be worth watching should it go public late next year, as seems quite likely.

Leave a Reply