£1M raised, congratulations Freetrade 
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The best time to get rich is during a recession or market downturn. We’re in one now. Buy the dip and diamonds hands boys 
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Only 7% of my portfolio is in Freetrade, so as long as you properly manage your risk, even if you loose money, so what? You’ll make it back somewhere else.
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We are live to early access signups!
And to everyone else at 12 PM.
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Live to everyone
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I’m in!
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Been investing since R4 and up to R7. I was skeptical with R7 and it is disappointing the gut feeling was true. Will be giving this R8 round a solid pass.
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You would have actually made a paper profit on R7 had the Series C gone through (it was signed and £700m valuation agreed), this was very close to completing!
Markets started to fall at the wrong time for this particular raise, but they’ll recover. In recessions growth stocks are the first to fall but they also bottom before major indices do.
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I am looking at the 2000 bubble burst here. It took more than 15 years for many stocks to recover and there were stocks on the Nasdaq/NYSE. Some (many) were so called blue chips.
Quote from The Dotcom Bubble Burst (2000)
By this point, most publicly traded dotcom stocks had gone bust, and investor confidence in the dotcom sector had been severely damaged as trillions of dollars’ worth of capital was wiped out.
For companies that are not traded on an exchange the figures are far far worse. But VCs know this … very few companies are successful … that is why they have a spread out portfolio.
We are seeing a perceptibly different market space than say 2021. I am not referring to the fall in market capitalisation here. I am talking about the Broker competitive space. The number of competitors has grown for a start. This is good because it tells us that there is money to be made. But this is not so good for the companies that have not yet managed to stand on their own two feet and still need funding. I think it is going to be harder rather than easier for many of the companies. And VCs will be rethinking their portfolios during this process.
I am reasonable sure that the markets will rise again etc. What I for sure don’t know is which companies will be favoured in the next rise.
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It’s the no-cost trading platform competition pulling ahead that bothers me.
I’m relieved that AJ Hell’s low cost platform, DooDoo, is so utterly crap. If they’d released something like an equivalent to Freetrade but with JISA/LISAs and web support then, by the looks of the most requested things on here, half the forum would have probably moved over to them.
Freetrade might not be so lucky next time.
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I’ve invested in every round since the heady days of R2 (15p a share, get in!). But reluctantly I am going to sit this one out - hope I live to regret it.
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Redundancies
Freetrade, the London HQ’d trading platform, is making 15% of its staff redundant. Its CEO Adam Dodds told staff about the plans at an all-hands meeting last Thursday. The company told Sifted that employees have been offered the chance to take voluntary redundancy, “in a bid to reduce the number of compulsory redundancies that may be required.”
How does this fit with the narrative for this round of European expansion, onwards and upwards for revenue and user numbers and so on?
Are redundancies currently badly needed (suggesting worse financial situation than in the pitch), is it opportunistic cost-cutting (other tech cos are laying off so why not blame it on the climate and take the opportunity now) or … ?
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You’re already a millionaire
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My first round of investing in freetrade 
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If I’d not invested in R7 I’d be happily diving in this one, go for it
I am also sitting out, kind of mentally averaging down and coming to terms with it 
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On paper maybe, but it all means nothing until an IPO
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And that the valuation is high at that time … Fingers crossed for you 
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@acamp Can we get some clarity please? Can you confirm whether CLN converted shared will be directly held by us or by Crowdcube nominee? Thanks
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Not great because they are expecting at least £5 million from this round which is impossible 
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Yeah the £1M target is just a marketing ploy to make it seem more popular than expected. Good move TBH and most people will not know that.
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