Paul Weller's fashion brand is no more, according to its website. Earlier this year the company tried to raise capital on Crowdcube but failed. Now they have thrown in the towl.
Maybe it really was one of those companies set up to use the ECF space as easy money or maybe he has just made a sensible decision. We will never know. The Crowd for once didnt like the star's idea.
And so rather than let the walls come tumbling down, he has exited quietly via stage door left; still a brilliant songwriter.
How may companies have sought ECF investment when they are on their last legs and ECF is their only hope? The crowd has done well to avoid this one but there are lots of spiders webs and trapdoors out there.
ReplyDelete