So many sad stories on here about retail investors losing their . Investing in start ups is soooo risky.
Why does a pizza place need £1.2M? Plenty of local pizza places started on a shoestring…
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
It didn’t go bust but are you saying it was a lower valuation than you invested ?
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
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.
What do you expect?
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?