And this time, it's VIRITECH on the Crowdcube platform. Will I make an #investment? https://lnkd.in/eFvUnmjM Well - again - no :( This is #deeptech. And deeptech requires a few additional considerations. Watch the video to see what I thought at least. But what went wrong is pretty simple. Despite two super reputable and ultra-impressive-sounding founders, I couldn't work out if I could get a return on my investment. Not because my computer/calculator decided to take early retirement—no, no, but because the founders were not transparent with the terms. Yet again - and I urge Crowdcube to advise all projects to consider this - always put the terms of the investment front and center! Be proud of them. Investors should feel it is a privilege to invest in a hot #startup. Sure - in the 'cooling-off' period that happens at the end of each #crowdfund, you get to see the official documents, which will likely detail the terms. But that's only helpful if you already knew you were going to #invest. When you're 'browsing' a #crowdfunding site, the terms should be up front and centre otherwise, like I have just done, the #investor will move on. If I missed it, which I checked again afterwards, then I'm an idiot! But in general, I hope this video helps #founders and investors alike create and review crowdfunding projects. Big love,
I am investing in 100 Crowdfunding projects - Attempt 4 - Viritech - Will I write a cheque?
https://www.youtube.com/
Matthew Powell
1mo
Love these cold reads Chris Howard - inspired my latest post here: https://www.linkedin.com/posts/matthew-powell-b4059149_startups-fundraising-modelpro-activity-7209806427069022209-2AhN?utm_source=share&utm_medium=member_ios
Unemployed at @myself
1wIt was just in front of your eyes, under Public documents - Pitch UK Investment Summary - ASA On that platform ASA/Convertible terms are always public, usually at the top of Public document (yes, you have to download it, not front and center on the page). Probably a legal requirement, not a thirst for transparency...