Luxury 'Never-Ending Cruise' Startup Faces Skepticism Over Delays and Founders' Track Record
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Storylines is a startup selling residences on a never-ending cruise ship called the MV Narrative for up to $8 million. Investors and ex-employees are skeptical it will ever launch.
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The ship was first supposed to launch in 2019 but has faced repeated delays, now to 2026. Experts say the 60-year lifespan promised is unrealistic.
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Cofounders Alister Punton and Shannon Lee have been accused of not paying employees and repeatedly breaking contracts since before founding Storylines.
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Over half the $900 million ship's 530 units are claimed sold, but buyers must soon make 20% nonrefundable down payments for construction to start.
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Despite lacking industry experience, Punton says Storylines will deliver on the dream lifestyle promised. But many have lost faith the ship will be built.