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Friday 15 September 2017

Ideasquares is not what you think it is


A contact asked us about Ideasquares - https://www.ideasquares.co.uk/more-about-crowdcube/. We were surprised by what we found.


Ideasquares purports to be an equity crowdfunding consultancy - helping businesses wishing to use this channel to complete a successful round. 

However it is not that really. Its just a conduit for Seedrs and Crowdcube to promote their own platforms. In fact those are the only plaforms that offer ECF in the UK, if you read their website. Reading the link above you might think you were on the Crowdcube website. 

It does declare that it is partnered with the two, but this is more of an appendage than a partnership. 

Nothing wrong with any of this really and the girl who runs it gets great reviews - although she has absolutely no experience in anything. Or is there?

We offer a completely independent service - covering all platforms and will recommend the right platform for the right offer. And you can be sure that there are many more excellent platforms out there with a large variety of expertise in many different sectors. Choosing the wrong one will not help.

So use them by all means but just know that they are not independent and they are peddling wares for both Crowdcube and Seedrs ONLY - is there a finders fee? What they tell about both platforms will not be the whole truth - read the link above to see that. It's all a little too cosy and it yet again asks questions about the openness and honesty of the whole ECF sector.


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