Faction Collective report losses in line with their Crowdcube numbers.

At last we can report that a Crowdcube funded company, the ski maker Faction Collective, has come in ahead of its projections.

Investors will be pleased to see that the losses projected to YE17 are higher than the losses recently filed by around 1m euros. I am told the company is carrying out its expansion as planned and sales are strong. The accounts do certainly show strong growth. 

So now we have Monzo and Faction as two companies that appear to be on the road to ROI - long way to go mind. 

The one thing these two have in common is that they were already semi established by the time they used Crowdcube. There is a message there. One that the Redemption Brewery will hear with joy.

However it doesnt answer the on going question of what to do about the real start ups and their grossly exaggerated numbers. It wont be long before 'crowdcube' is added to the national business lexicon. As in.........................

'Are we running crowdcube numbers or sensible ones for this projection?' or ..................

'Oh those - no ignore those, they were crowdcubed numbers; no one is going to believe those'