Loading
Either Equity Crowdfunding is Crazy or the world has gone mad.
Peanut Chutney is currently well into its £100k Seedrs campaign. It has valued itself at £950k (PM) on the basis that it has not filed accounts yet and has sold around 800 jars at £3.50. It is 'listed' in a few shops.
We have little the doubt the product is fantastic - who doesnt love a hot spicy peanut sauce and it has a great back story. But it's made 'at home' and has not been scaled. For investors to see a 10X return the business needs to be valued at £9.5m (excluding tax reliefs). So how can it now be valued at £950k?
We talk about overtrading a lot on here. Small companies trying to grow...
This is a premium article.
You need to be an ECF.BUZZ member to read the full thing. Join now for only £3 per month!
Friday January 25, 2019
Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.