Wednesday, 31 May 2017

Zzish........... we'd like to know

The Zzish Crowdcube pitch has to be a first. Target of £1.150m but declared investment already raised off the platform of £1.24m. So why bother?

We have heard but cannot confirm, that the statement on the Crowdcube pitch that the £1.24m was invested on the same terms as the crowd invested (the pitch closed at £1.318m) is not exactly correct. 

The very fact that Syndicate Room raised over £600k for the company a while back but gets no mention in the funding section, as with the Idleman pitch, says more about Crowdcube than anything else.  They put themselves first before information for their investors. Childish but true. 

So if there are any investors who took up their pre emption rights and know that the deal was different to the one offered by Crowdcube to the crowd - we'd love to hear from you. We really would. 

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