Sunday, 20 March 2016

The New Craftsmen going nowhere on Crowdbnk.

The New Craftsmen raised money on Crowdcube in 2014. We wrote about

http://fantasyequitycrowdfunding.blogspot.co.uk/2016/02/they-do-say-that-one-rotten-apple-will.html
http://fantasyequitycrowdfunding.blogspot.co.uk/2016/02/new-craftsmen-back-on-crowdbnk-having.html

It failed to get even close to the Crowdcube projections, as nearly all Crowdcube funded companies do.

At the start of February this year, it arrived for a new £1m pitch on the ECf platform Crowdbnk. PR issued stated that the NC had already raised just over 50% of its target.

Sadly more than 6 weeks later, NC has still raised just over 50% of its target.

Once again the company failed to take any advice on how to go about this second raise when they had so spectacularly missed their original projections. So like Pact, this one is doomed to fail.

Had they asked us for some advice we could have steered them to a successful pitch and completion of their campaign.


No comments:

Post a Comment