When you read in the heading of a Crowdcube pitch that the company ''is backed by Ariadne Capital'' you tend assume that means they are funded by them - no? To have such a well known VC 'backing' you is a genuine help in raising ECF.
Playrcart are trying to raise money again on Crowdcube. Their pitch claims this in its opening. So you check the records - no mention of Ariadne Capital, you check Ariadne Capital - no mention of Playrcart.
Then you read the pitch in full and hidden away under 'People' is a statement - ''Ariadne Capital is an adviser''.
Adviser is the same as backer - yes? Hmmm.
https://www.glassdoor.co.uk/Reviews/Ariadne-Capital-Reviews-E881119.htm
ReplyDeleteread the attached link - DO not for a moment believe that association in any form with Ariadne is good thing. Investors should do thorough research and make own minds up - but there is litany of court cases and staff as detailed on the link starting to blow the whistle