Crowdcube need revenues of over £6m just to cover their costs.
Crowdcube's last accounts, showed they are now spending over £6m a year on administration.
So if they are charging on average 8% per successful pitch (a figure which probably optimistic), this means they have to see around £75m of pitches funded through their site before they get close to making any money.
Just as a snapshot, the site today has an estimated £3.76m of successful pitches sitting on it - ones that are over funding and ones looking likely to succeed. Annualised, this would return revenues of just £3.6m. Way short of the required number.
You have to ask, how is it ever going to make a profit?