An investigation into collapsed app-development darling Appster has revealed serious concerns about the companys financials, operation and management, with former clients and employees labelling its work dross and its founders devious.
Appster was one of Australias premier app-development companies and a poster child of the Australian startup scene, headed up by young founders Mark McDonald and Josiah Humphrey.
Founded in 2011 by the then 19-year-old founders, the company was revered as the epitome of what a 21st-century startup should be: fast growing, scrappy and bootstrapped from $3,000 by two 20-somethings who decided to just have a crack.
Humphrey and McDonald found themselves on the AFR Young Rich List in 2015, valued at a combi…
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