The product: free online music. The amount raised: $180 million. Revenue generated: almost zero. Current value: next to worthless.
Music streaming service Guvera collapsed this month leaving behind thousands of enthusiastic-turned-bitter investors and a big question: what happened to the money?
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Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom. Email Aaron at apatrick@afr.com
John McDuling is National Business Editor for The Sydney Morning Herald and The Age. Connect with John on Facebook and Twitter.
