Why would you crow fund a restaurant to £100k or at all
Discussion
DonkeyApple said:
Not missing anything. It's a generation that doesn't really grasp how money works. They've grown up with abnormally wealthy Boomer parents which has distorted their concept of value while being brain washed by global businesses to believe that their world is different from anything that has gone before in terms of how money works.
The net result seems to be that they haemorrhage cash as if it is an endless supply. They buy expensive clothes to replicate a fashion that stems from using cost less clothing from charity shops, they will pay massively increased margins on goods if you tell them that the slave who made the goods was happy and not dead in a ditch. They have absolutely no control over their spending and will just borrow to give it away in exchange for goods of no value.
Crowdfunding is a wonderful example of taking a very well established and crooked model for raising finance that no Millenial would like because it is old world and wrapping it up in an app, using funky buzzwords and charitable pretence to rape higher than ever fees out of easy money fools and businesses of no commercial value. The broker doesn't even need to fake due diligence any more, the advent of apps has meant he can now access the dimmest section of society for almost no cost so he can tap them up for fractional investment. He can charge much higher fees and raise dumb money that will never dare question what is going on. At the same time, his corporate clients either have insufficient education to source investment from legitimate sources or the business is uninvestable or they are too lazy to do the work so they fall into the hands of the broker who will charge them enormous fees and then continue to milk out as much of the investment capital as possible as enforced consultancy fees.
After a couple of years the activity of selling sandwiches that cost you £10 to make which you sell for £8 all the money raised has been sucked out in fees and paying the salaries of half a dozen buffoons.
But the investors and business owners walk away from the venture having lost everything but not realising that they have been part of a scam as old as the dawn of time but is now masked by bright colours and trending terms like 'pop up shop' etc.
This, from a person who's clearly from the generation who invented the interest only mortgage, the 100% plus mortgage and the most recent financial crisis.The net result seems to be that they haemorrhage cash as if it is an endless supply. They buy expensive clothes to replicate a fashion that stems from using cost less clothing from charity shops, they will pay massively increased margins on goods if you tell them that the slave who made the goods was happy and not dead in a ditch. They have absolutely no control over their spending and will just borrow to give it away in exchange for goods of no value.
Crowdfunding is a wonderful example of taking a very well established and crooked model for raising finance that no Millenial would like because it is old world and wrapping it up in an app, using funky buzzwords and charitable pretence to rape higher than ever fees out of easy money fools and businesses of no commercial value. The broker doesn't even need to fake due diligence any more, the advent of apps has meant he can now access the dimmest section of society for almost no cost so he can tap them up for fractional investment. He can charge much higher fees and raise dumb money that will never dare question what is going on. At the same time, his corporate clients either have insufficient education to source investment from legitimate sources or the business is uninvestable or they are too lazy to do the work so they fall into the hands of the broker who will charge them enormous fees and then continue to milk out as much of the investment capital as possible as enforced consultancy fees.
After a couple of years the activity of selling sandwiches that cost you £10 to make which you sell for £8 all the money raised has been sucked out in fees and paying the salaries of half a dozen buffoons.
But the investors and business owners walk away from the venture having lost everything but not realising that they have been part of a scam as old as the dawn of time but is now masked by bright colours and trending terms like 'pop up shop' etc.
ecs said:
DonkeyApple said:
Not missing anything. It's a generation that doesn't really grasp how money works. They've grown up with abnormally wealthy Boomer parents which has distorted their concept of value while being brain washed by global businesses to believe that their world is different from anything that has gone before in terms of how money works.
The net result seems to be that they haemorrhage cash as if it is an endless supply. They buy expensive clothes to replicate a fashion that stems from using cost less clothing from charity shops, they will pay massively increased margins on goods if you tell them that the slave who made the goods was happy and not dead in a ditch. They have absolutely no control over their spending and will just borrow to give it away in exchange for goods of no value.
Crowdfunding is a wonderful example of taking a very well established and crooked model for raising finance that no Millenial would like because it is old world and wrapping it up in an app, using funky buzzwords and charitable pretence to rape higher than ever fees out of easy money fools and businesses of no commercial value. The broker doesn't even need to fake due diligence any more, the advent of apps has meant he can now access the dimmest section of society for almost no cost so he can tap them up for fractional investment. He can charge much higher fees and raise dumb money that will never dare question what is going on. At the same time, his corporate clients either have insufficient education to source investment from legitimate sources or the business is uninvestable or they are too lazy to do the work so they fall into the hands of the broker who will charge them enormous fees and then continue to milk out as much of the investment capital as possible as enforced consultancy fees.
After a couple of years the activity of selling sandwiches that cost you £10 to make which you sell for £8 all the money raised has been sucked out in fees and paying the salaries of half a dozen buffoons.
But the investors and business owners walk away from the venture having lost everything but not realising that they have been part of a scam as old as the dawn of time but is now masked by bright colours and trending terms like 'pop up shop' etc.
This, from a person who's clearly from the generation who invented the interest only mortgage, the 100% plus mortgage and the most recent financial crisis.The net result seems to be that they haemorrhage cash as if it is an endless supply. They buy expensive clothes to replicate a fashion that stems from using cost less clothing from charity shops, they will pay massively increased margins on goods if you tell them that the slave who made the goods was happy and not dead in a ditch. They have absolutely no control over their spending and will just borrow to give it away in exchange for goods of no value.
Crowdfunding is a wonderful example of taking a very well established and crooked model for raising finance that no Millenial would like because it is old world and wrapping it up in an app, using funky buzzwords and charitable pretence to rape higher than ever fees out of easy money fools and businesses of no commercial value. The broker doesn't even need to fake due diligence any more, the advent of apps has meant he can now access the dimmest section of society for almost no cost so he can tap them up for fractional investment. He can charge much higher fees and raise dumb money that will never dare question what is going on. At the same time, his corporate clients either have insufficient education to source investment from legitimate sources or the business is uninvestable or they are too lazy to do the work so they fall into the hands of the broker who will charge them enormous fees and then continue to milk out as much of the investment capital as possible as enforced consultancy fees.
After a couple of years the activity of selling sandwiches that cost you £10 to make which you sell for £8 all the money raised has been sucked out in fees and paying the salaries of half a dozen buffoons.
But the investors and business owners walk away from the venture having lost everything but not realising that they have been part of a scam as old as the dawn of time but is now masked by bright colours and trending terms like 'pop up shop' etc.
kwitted offspring. 
chadders74 said:
2 star hygiene rating enjoy.
Quite glad we couldn't get a table for tonight now! I'd rather not have the sts tomorrow. My better half inspected them, always trust the ratings on that website. The star rating, no matter how cash poor or rich, all skirt and no knickers the place, is a great carrot & stick for the inspectors. 4 & 5 is a safe bet.
edit: that's not to say they may be back to 5, I think the website updates month-end.
edit: that's not to say they may be back to 5, I think the website updates month-end.
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