Hiroes was never investible and yet Crowdcube investors invested. Now 18 months later they have lost all £150k. It remains to be seen what creditors have lost. When we asked the founder; he wouldnt respond. So assume a lot.
Who is to blame?
Crowdcube for punting such trash. Incubus London for supporting and validating such utter tripe. Never believe what you see on the side of a bus - surely people know that by now.
We did get a sort of explanation from one of the founders but to be honest it was so pathetic it's not worth printing, let alone reading. The other founder is now helping the French SME sector - phew. For the record neither foiunder think they have done anyhting wrong - they are Rahael Shamama - now working for some French consultancy in the SME M&A sector called Effective Capital - which is fitting. They must have very low standards over there. And some girl who now works for Deliveroo. Neither lost much of their own money and neither really care that investors lost it all.
When will it end?
When Crowdcube go bust.
Note to Beauhurst - this company has failed but like a lot of Crowdcube funded companies it is still 'active' at CH. Do your research boys and stop peddling junk.
Allegedly you'll be able to add Black Bee Honey Company to your list soon. A friend of mine attended a trade show at the NEC back in April and apparently they were a month or so off running out of money (I see that they're now offering free delivery on their web site for what must surely be a pretty weighty product).
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