With so many competitors and other companies getting big markups on their previous rounds - often within a matter of months - I am wondering what the likelihood of of a joint VC and crowdfunding round. I think strategically it may be the best option for Freetrade. The VCs can price the round and the crowd can tag along.
With this you would reduce the scenarios where the crowd feel it is overpriced or any feeling of an underpriced crowdfunding round influencing the next institutional round.
If Freetrade goes down this road I would imagine a £1.5bn valuation based on the comparables.