šŸš€ Crowdfunding graveyard āš°ļø

It’s impressive that they could keep this secret under wraps for so long.

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So the Patch Plants sale to Arena Flowers appears to see investors lose most of their investment with valuation of the new shares being about 9% of the original investment….Shocking lack of transparency from the leadership at Patch Plants who never indicated that the sale was at a loss.

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Big moves happening with the board at ISO spaces… What is going on there, anyone know?

I’m staying away from crowdfunding these days,far too many dodgy companies raising at this moment

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My hope is ā€˜chip’. I might win 10,000 from the prize account.

It’s pretty disgraceful how Patch have conducted themselves with Crowdcube investors.

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Crowdcube do not bother to reply to any of my emails anymore, I’m blacklisted it appears?! Does anyone else have success with replies to their queries?

They used to send an auto reply and then someone from their team would be helpful but no longer. As their fees include ongoing support, I’ve had to lodge a complaint - and they have breached regulatory lead times / FOS requirements by not acknowledging and upholding/rejecting within the required times…

This doesn’t bode well with Crowdcube for me when it appears they have stripped their support team away as well! They are also a company that at last count were not making a profit. Hopefully, they remain financially solvent.

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sorry to hear about your issues with their ongoing support…Crowdfunder which are the main Crowdcube company, gave a bullish update recently…so they appear to be alright… :thinking:

Another one gone:At Pizza Ltd

1.2million convertible round has disappeared

Shareholder update email:
with deepest regret and sadness that we have to announce that At Pizza Ltd has entered into a liquidation process.

At Pizza Ltd managed to open its third restaurant on the Royal Mile, Edinburgh in May 2021 with the investment it raised in September 2020. However, the prolonged nature of the pandemic post this fundraise meant the other sites that At Pizza had identified to open were cancelled, with At Pizza preferring instead to focus on survival to economic recovery. As a result, this does mean that At Pizza is currently sub-optimal from a number of sites perspective. Unfortunately, with all the headwinds facing the business in the last 3 years to date, At Pizza has made significant losses and survival has proven not to be possible.

Thank you for all the support, faith and trust you had in our brand. We fought hard right to the end but sadly we just can’t go on.

Yours,
Rupert & Bhasker, Founders

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So many sad stories on here about retail investors losing their :moneybag:. Investing in start ups is soooo risky.

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Why does a pizza place need Ā£1.2M? Plenty of local pizza places started on a shoestring…

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Perhaps they were looking for a bigger slice of the market faster…

There’s something rotten here - and it’s not just the salami.

They had great products, central locations, 5* ratings, 1 & 2 positions on TripAdvisor. They made pizza (which never goes out of fashion). I mean, what were the directors up to???

As a Crowdfunding investor, I’m a wee bit shocked and p’d off to see them go into liquidation.

Another one down- CityMapper

yeah it was sold for £0.8 per share (it was raised in CC for £2.71 per share in the last round)- so like 70% loss

Fair.

I think that with the drops in tech listed equities, there is a big opportunity to temporarily shift to investing into those instead of start ups. Additionally, by doing that you provide your ptf with extra liquidity as you can sell anytime.

For a few years it seemed that start up investing was less risky than it actually is. Now it’s the time of the truth and statistically, many of them need to go bust.

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What do you expect?

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Citymapper is such an iconic app ! It’s a pitty they never find ways to monetize !

I am actually very curious to know what the crowdcube investors will get out of the Via deal. With the previous VC deals who I guess must have preference shares… and seeing the drop in valuation, I would guess the CC investor will probably lose everything ?!

was the offer a mix of cash and Via shares?