The demise of the "Funky" Appliance Company - anyone know what happened?
Posted: Thu Nov 09, 2023 5:57 pm
Noticed the sudden demise of the "Funky Appliance Company" as it went into administration last week https://www.funkyappliance.co/ - founded by an Old Blue serial-entrepreneur...
Does anyone know what happened, and whether investors from the various crowd-funding rounds will get their money back, and whether many Old Blues will have been stung by this?
I understand the previous funding rounds were massively successful, and that the already-launched products were also massively successful? So would have thought the profits and funding from those would have secured the new product development? Can't imagine what could have gone wrong so quickly, to have gone from launching a new air fryer last month to going bust?
Does anyone know what happened, and whether investors from the various crowd-funding rounds will get their money back, and whether many Old Blues will have been stung by this?
I understand the previous funding rounds were massively successful, and that the already-launched products were also massively successful? So would have thought the profits and funding from those would have secured the new product development? Can't imagine what could have gone wrong so quickly, to have gone from launching a new air fryer last month to going bust?