Seedrs' Eat Square pack up and hand the keys to the Admin Boys
Seedrs had Eat Square on their site raising cash recently. Now Eat Square has gone into administration. The Gazette for this was posted a while ago. It does beg the question - did Seedrs investors know that this was a last ditch attempt to fund the company at a valuation of £860k?
Eat Square had raised initial funding on Seedrs in 2017. Then a Morrisons' local listing gave them a boost. But lack of funding and planning (for the new funding) have left the company cashless and in a hopeless position. How many times do we have to see this classic over trading before founders start waking up?
There is absolutely no point...
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Monday March 11, 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.