Friday, 5 June 2015
Its a dogs life
Can Crowdcube pitches get more ridiculous?
Qtsy is raising £150k valuing their new enterprise at £1.2m.
The Crowdcube pitch claims - ' Joe is a successful entrepreneur, qualified vet and media personality. Founder of Pets' Kitchen, Vet's Klinic and tails.com, and media vet on ITV This Morning.'
So how does this look in reality. We do not have a definition for a 'successful entrepreneur' but we are pretty sure it has to contain some success.
Joe Inglis was indeed involved with Vetskilinic before he resigned. The company has run up losses of over £1.4m in its 9 years of trading - is that a success. Tails.com has not filed accounts as its too new and Pets Kitchen is the company that runs Vetsklinic so this is shadow boxing or just plain wrong. All in all Joe has not had a single success; with two other businesses he started closing having not traded. Hmmm. He has appeared on Telly though, so that bit is true.
So much for Crowdcube's due diligence. Really guys you must try harder if you want to really con people out of their money.