Thursday, 6 August 2015
Another Crowdcube success fails to meet expectations.
If we told you that a company on Crowdcube had funded successfully back in 2013 and its projections showed 2014 net profits of £1.128m, what would you expect the actual accounts to show? Have a guess - would a loss of £20k be the first figure you thought of?
Probably not. Angel Alerts certainly takes some beating when it comes to ridiculous projections. The evidence is pretty well conclusive now, take a Crowdcube projection, halve the bottom line and then divide by 4. Then take the costs and times them by 10. Then you just might have a picture of where the business will be in two years time.