Australian Adam Clark was 21 in 1997 when he announced that he’d invented a revolutionary new “streaming” technology for the internet. Now 7 years later, he’s earnt $16 million from investors who have helped his company raise $28 million on the stockmarket. He’s even sponsored races in the Melbourne Cup.
But now investors are getting nervous – if “Adam’s Platform” really works, then why does the inventor refuse to give independent demonstrations? When it was first announced, technology gurus were sceptical and said it couldn’t logically work. Might they have been right?
- Media World admits technology fears (8th Sep 2004)
- ASIC to question Adam Clark after independent test fails (10th Sep 2004)
- Capital ideas (14th Sep 2004)