Crowdcube were recommending Solar Cloth at the same time the company was going bust!!
We found this on the Crowdcube blog dated January 2016. (see below)
So this was after the CEO of Solar Cloth had jumped ship. Do Crowdcube take any interest in the companies they fund or the advice they give? For those of you who dont know, Solar Cloth has gone bust taking with it almost £1m of Crowdcube investors 'diversified' investment. A truly 'great start' from the Crowdcube out to lunch department............................
When diversifying a portfolio some investors may prefer to keep their investments to specific industries, technology for example and create their portfolio by investing in different stage companies within this sector. For example, an investor could have invested in:
Mindflood – a start-up tech company offering 12% for £100,000
Cell Guidance Systems – an early stage tech company offering 5% equity in return for £100,000 back in 2013