NO PICTURE CAN DO THIS JUSTICE
Use your Imaginations
Crowdcube looking to raise several million at a value as yet undisclosed. Where will the madness end? £6.7m already raised from existing institutional investors.
In the usual Crowdcube PRing sent out this morning to likely investors, Crowdcube talk a lot about their positive numbers. £335m has been successfully invested via the platform since 2011 - they trumpet. What does 'success' here mean? It has certainly been successfully transacted from the punters on the site to the companies pitching - but surely that is not too difficult. What has really happened to it since then. On this the PRing is eerily silent. Well of course it is; there isnt any good news
The answers are there for anyone willing to look.
Yet another year has gone by with no real exits and plenty of failures; some of a very questionable nature. Crowdcube is still a long way off BE - and that is the real reason it needs yet more cash. An annual burn rate in excess of £8m with revenues 'projected' to be £6m. And we all know what Crowdcube projections mean.
You can expect to see CC on Channel 4 soon as they done some sort of deal there. Which is a shame as I did like watching C4, especially their news.
For all you punters who just cant keep you hands out of your pockets - the great opening of this latest farce is on 14th of this month. You have a week to get exited!!