Mipic, which used Crowdcube to raise £175k in 2015, has just filed accounts YE Dec17 with losses of just shy of £700k.
According to the documents used to sell equity to Crowdcube investors in 2015, Mipic was looking forward to a handsome net profit for YE Dec17 of over £3m. The company runs a website and app where ordinary people can sell their ordinary pictures. Reviews are mixed.
Saga Technologies stepped in, in 2017, with a company saving investment of £1.3m. Most of that is now gone. We wait to see what comes next. More investment looks certain.
A few years back, Mipic won Virgin Business of the Week, which as regular readers will know, is fatal.
A few years back, Mipic won Virgin Business of the Week, which as regular readers will know, is fatal.
Leaves stage left, whistling Crazy Old World to the tune of Dirty Old Town.
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