Raising Finance: Overcoming the Barriers Created by Stereotypes
I launched Frugl, a London-aimed bargains and deals platform for people on a budget, back in 2014. In this age of austerity, it was an idea I truly believed in and backed it with my own risk, funding our initial app by selling my house. One year on and we now have close to 20,000 active users, regularly list more than 200 activities per month and have just launched a marketplace for small and medium enterprises and event promoters to list and manage their own events and offers. We are ripe for growth, which is why I am crowdfunding new investment using a platform called Syndicate Room (SR). This, however, is not without potential pitfalls such as finding investors, revising and adjusting financial forecasts and spending a lot of time in meetings. Today’s funding environment The idea ... »
