Congrats @Dave, thatās awesome!
Monzo is doing a down round, valuation dropped by 40%ā¦ FT is reporting about it here.
1 Like
About a 10 bagger if you did R1, i thinkā¦
Freetrade R1 was 8p a share, I make that 31X at current share price
I think it was about 10X in R4
2 Likes
Receiving my first exit at the end of the month for Anna money. Good feeling - 43% profit on my investment. Just a shame I didnāt get the chance to invest more in future rounds.
8 Likes
+43% incl tax benefits? Or excl?
And congratulations!!
Thanks. I invest in them sometime near the end of last year. So I think itās excluded.
How does one exit a crowdfunding investment? How would you sell your shares if the company isnāt being acquired?
In my experience there are different methods
Secondary market on seedrs for shares bought there very simple process.
I exited wealthify when they were bought by aviva seedrs managed the whole process and we had the funds added to my investment account.
If there is an ipo the shares are held in the platform trust until you decide to sell
Iāve not had an exit on crowdcube yet 
4 Likes
Yes it is a 30 bagger, my Ā£1k investment is now worth Ā£31.3k.
11 Likes
Thatās awesome.I first invested in R2 so Iām not quite that well up. I paid 15p for my first lot and bought more in R4
Wish Iād known about it in time for R1 as it seemed like a no brainer for me, I found the R2 pitch when I was looking for a Robinhood equivalent
5 Likes
Itās more post tax as well was it seis or eis eligible in r1
I got an SEIS exit late last year, which is like pixie dust in crowdfunding (normally SEIS companies are a āback of an envelopeā business plan / load of rubbish, but may sometimes be worth the risk due to huge tax rebates).
The company was Tipplesworth Ltd, a little business with a cocktail mixologist founder, selling her own brand of cocktail cases, operating a small shop and online store and doing some event hosting for corportions. Invested a small amount at a Ā£600k valuation.
After many positive updates over several years and sales actually meeting the projections, they were acquired by Diageo, which was unbelievably listed in their original deck as an ideal exit scenario.
If you deduct the tax rebate then I invested Ā£100 and received Ā£356. There is also a drag along agreement so that if they sell X amount within 3 years you.get a further payment (somewhere around double iirc) and you get way more (around 10 times iirc) if they sell Y amount, but that one is a really huge stretch target.
The founder is still running the Co under Diageo so there is some glimmer of hope of drag along targets being met one day.
12 Likes
I was just looking on Crowdcube at the Freetrade pitch again and I noticed another one going for funding being EGL an e-sports company. I hadnāt realised how huge this is becoming.
In lockdown with all sports cancelled you can now bet on e-sports with people like Bet365, when I was in the US earlier this year at a huge technology trade show I noticed every huge technology company had a section of their booth dedicated to e-sports as schools are investing heavily into this.
Was interesting when chatting to them about this as they said a lot of schools are now investing in the kids socially challenged. Many schools have the kids that love outdoor team sports but what about the kids that donāt like that and are not able to socially group. I was told that a lot of schools host e-sports groups now that get over subscribed and they only allow the kids in on an attendance record so it can hugely improve attendance rates.
May throw a daft grand into them as seems to be a massive growth market.
Anyone else had experience in this field ?
Freetrade was seis in rd 1
1 Like
To be fair, we waited 3 years from R1 to the time we saw the app going liveā¦ It seemed like a no brainer to me at the time as well, but I feel more lucky than anything else !
For a startup, three years with no product is just crazy !
11 Likes
+1. Even in R3, the valuation was 18M and there was still no live productā¦ Amazing to see how well they are doing now.
E sports I think has a massive upside. They have a few things to sort out such as setting up the remuneration structure for the players who are currently under contracts that are pretty restrictive in terms of the players making money on their own āimage rightsā etc. In the early days of course players were very willing to sign up for teams for a few quid, t shirts and a few Biz flights and nice hotels, now the money side has grown that the players are getting more wise to it. I guess the slimy football agents will get onto them soonā¦
Its already huge of course and the money and the leagues are making good money and advertising and merch is growing fast. What I have seen is that there is a strong affiliation to teams as e sports brings fans on a level field, if you are a Liverpool supporter in say HK , China or Indonesia you may only have the chance to have the lice experience once in life when they go on their pre season money spinners, yet for esports you are in the same seat as others fans on line (although we do have the big events in stadiums now) so you do not feel like a second rate fan.
Once fans are into it its a great model for consumption of online time and that can lead to more e-commerce and I can see more pixel real estate ads in the games that are also specifically adjusted to each viewer. Pixel real estate for ads will probably be more effective than a lot of ads as also passive which most younger people want and also can bring brand association.
There are also as you say companies that are making books on the games and once the betting side really kicks in that will grow it even more
One innovation/tech that is here to stay and accelerate I think
1 Like
Any idea whats the share price of this EGL? cant find itā¦