Saturday, 27 February 2016
E Sign back on Crowdcube for third time - Lucky?
It is quite hard to know what to make of E Sign.
They appeared on Crowdcube in 2014 valued at £750k. They were successful in raising their money.
However things didnt go to plan so they came back again in 2015, this time with a valuation of £3m - thanks to advice from Crowdcube. This pitch bombed.
Now we greet them back again for the third time, projections all over the place compared with previous versions and now with a valuation of £1.4m.
At least some of this information is provided FOR the FIRST TIME EVER on the Crowdcube pitch. That has to be progress.
Most probably the business has been over valued since its very first pitch and is now suffering from not wanting to be seen by Crowdcube to be offering shares at a diluted value below the 2014 one.
It isnt the first and certainly wont be the last.