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I would be very surprised if that £1M was 'new money'.
A common trick in crowd based fund-raising is to have what appears to be a 'serious institutional investor' put down £250k or whatever a large chink of the number is as bait to harvest a load of smaller investors. The big investor is on a deal where they get their money back from the investment round at +10% in 8 weeks. Mad APR if you work it out that way and pretty low-risk when you think about this prick's reach and following and his ability to convince 000's of people to invest £20 based on the optics of some big fish investing £250k.
Some of these new ways of fund-raising are a total racket and at some point they'll be exposed for the fraud they are.
deleted
Oliver Schick
So that's what he's been doing instead of being on here.
It is truly frightening that you can simply 'raise' £/$/whatever 1m just like that.