The Ledger
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Mitra: Crowdfunding is in a hype curve and faces market correction
“I would go as far as to say we're in the hype curve now. I think there will be market correction with regards to, ah, either some investors losing money because of deals not being structured properly or mispriced, or what may be”
Mitra: The UK leads global crowdfunding market growth over the US
“If you look at the crowdfunding sort of growth across the world, and I think you'll find UK is actually leading the market in that way before SEC.”
Mitra: Crowdfunding rise would have occurred without 2008 financial crisis
“And I think the economic crisis in 2008, perhaps pushed it along a little bit when Traditional credit was sort of squeezed out, but this would have happened regardless of the 2008 crisis or not.”
Mitra: Gojimo will become a unicorn company
“Me as a personal investor in it I think that I'm tipping that for a unicorn, so we'll see if he gets there, but I think, yeah.”
Mitra: JOBS Act signals equity crowdfunding will become mainstream
“I think it's a very positive step, not so much because of what the Act actually is, because I think it's been greatly diluted from the original principles of when it was proposed. But what it sort of signals to the market about the fact that the alternative fi…”
Mitra: Financial tech stagnated between ATMs and alternative finance
“In financial services, per se, bar the ATMs that were innovated sort of mid-nineties, mid-eighties, I believe nothing really has happened, so all the financial engineering that went on was product engineering rather than leveraging technology to actually impro…”
Mitra: Crowdfunding Investors Should Commit at Least £10,000 Annually
“So, you know, you should be looking to commit at least 10,000 pounds a year for it to make any difference to you.”
Mitra: Equity crowdfunding and VCs will collaborate rather than compete
“I don't think they are. I think look, the ecosystem is evolving, and actually there is room and requirement for both types. VCs have been around for ages, and VCs are sort of classes, you know, a capital pool with discretionary decision-making to invest in com…”
Mitra: Major consumer brands will eventually adopt equity crowdfunding
“You would need the idea to be easily understandable, and that's the reason why big consumer facing brands might end up going down this route more often than not which we haven't seen yet. So, so really big brands, brands still haven't picked that up, but I thi…”
Mitra: Many investors on CrowdBank are professional fund managers
“And these people on our platform, they are fund managers in their daily life, and they appreciate the value that we bring.”
Mitra: Competing against market giants like Uber without massive capital is wasteful
“If you are trying to compete with Uber without a war chest, you're wasting people's money and your own time.”
Mitra: CrowdBank will deploy £1B annually to UK SMEs within five years
“Well, well, our vision at CrowdBank and kind of my vision is that in the next five years, we'll be supporting UK SMEs with a billion pounds of growth capital every year.”
CrowdBank Co-Invests Alongside Platform Investors in Listed Deals
“And we invest alongside the investors who might be investing on those deals on our platform.”
Index Ventures participated in Crowdbnk's fundraising round for Gojimo
“We just finished raising money for Gojimo, which had index ventures as their principal investors In the earlier round, and part of their next partners followed on in the round that we did.”
Mitra: Easily understandable consumer products perform best in retail crowdfunding
“I think there is some evidence to suggest that easy to understand products generally tend to do better in terms of the retail crowd getting involved.”
Mitra: Total UK crowdfunding volume remains under £10 billion
“The entire of crowdfunding in the UK is, is, is less than ten billion, I mean, depending on whose numbers you go by”
Mitra: Average seed-to-IPO timeline has expanded beyond nine years
“On average from seed to IPO, the tenure of company or how long it takes has actually gone up. It used to be Around five to seven years, and I think it's actually north of nine now.”