Crowdcube's bad haircvt success fails

Haircvt raised £190k on Crowdcube in 2015. Now they have closed. They failed to raise their required £1.5m, so thats it.

Sound familiar? Well that's because it is. If a company's projections show a future cash requirement of £1.5m and this evapourates, you can be pretty sure the company will close. It happens on Crowdcube rather too often.

What happened to the £190k is anyone's guess - few trips, few nights out...it all adds up you know. It's not a bad wheeze. Unless you were one of the 122 Crowdcube punters.