We couldnt make this up. Yet another Crowdcube success seems to have gone down the tubes. Ideas Britain raised £270k on Crowdcube in 2015 from 138 'investors'. Results suggest none of them had a clue.
So here we are again - sorry we only report the facts so if they are getting a little boring we apologise.
Ideas Britain had some really pukka team peeps and masses of super plans - overall valuing themselves at around £6m in 2015.
Most of those pukkas have now jumped overboard, leaving just 2. Unfortunately they dont seem capable of running much.
Projected profits for 2016 were £1.16m. Accounts just filed show losses of £160k and a BS with a negative number. No new money has been raised this year. Twitter hasnt tweeted for 12 months, Vimeo and Linkedin have had no ideas for the last year.
Its not closed yet, but it might be the only good idea they ever had.
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