Vulpine Clothing

Looks like Hussey is up to the same tricks:

https://twitter.com/carltonreid/status/1496501885121052674?s=21

Must be time for a new house

When you can pay Matt Stephens to be an influencer for your overpriced jacket, you can do anything.

Hussey is pretty shameless, I assume he's hoping everyone has forgotten about all that money he cheated out of Vulpine investors

or some new custom bikes

The Crowdcube info totally neglects to mention Vulpine unless you read the comments (although a lot of those are set to "awaiting moderation" so I bet some of those are Vulpine related).

How’s post-Hussey Vulpine going? Was looking for some bits for my wife and there are scarce few manufacturers of cycling-specific everyday clothing for women.

Only knowing about Vulpine loosely and Frahm through social media seems like it’d be a pretty elaborate and lowly rouse given commitment to mind and the seemingly frank posts he’s made about his past.
Were there any moves or suggestions of fraud with Vulpine?

https://www.bikebiz.com/what-the-hell-happened-at-vulpine/

“the director of Vulpine was helping himself to a salary of over £90k pa at the same time as running a start up business, using shareholders money, rapidly into the ground … In the last 4 months (Dec 16 to March 17) before [Hussey] pulled the plug … he paid himself £37k. This with the certain knowledge that the cash had run out … So in little more than 12 months, they have blown £1m and their business, apart.”

Would his salary not have been public at time of investment?
Trying to understand what’s caused such a hostile reaction, as whilst a high salary, the 4months equates to that in salary? Where does the cheating element come in?

There's fraud, and there's what you can get away with.

Hmmm. I guess time will tell but it still sounds more like he got things pretty wrong over an intent.
There always seems such a high level of animosity when companies fold.

And he's going back to the same crowdfunding site to do exactly the same thing again.

Maybe I’m giving too much benefit of the doubt. Can’t see how not paying himself would have really changed much?
I’ve also no idea what that sort of capital really means in the world of coats but seems he started this time with a pre order model and has out grown that?

Probably could have done with paying himself an average industrial wage at least, rather than that of someone who has a clue what they're at. Lots of better business people don't take that type of salary when starting up

Also getting custom bikes made for him and his Mrs on the companies paycheck 1 month before going under. He knew there was no money so was trying to squeeze out all he could before it went.

People who buy custom bikes are always sus

Buy a trek ffs

Yeah but in the video on the crowdfunding page he literally says 'we run on a pre-order model so that we don't end up with overstock'. Sooooo............

It just seems a bit disingenuous. His surname isn't mentioned anywhere on the page. Just 'our founder Nick', that says it all to me. They don't want people to be able to google his name and see that he was linked to Vulpine.

I’d be fascinated to hear why you feel he deserves benefit of the doubt, following a high profile, public failure that cost many people a great deal of money which he raked out of a business which he knew was sinking. Better read that article again.

https://microcosm.app/out/EFV6i

Think that’s a fair criticism but given my very limited interactions with Frahm it’s quite apparent that his previous business failed, how is perhaps less obvious.
On that note I find it difficult to believe, that the whole construct of what he is now doing is pure fabrication.

I’ll side step the patronising tone.
I appreciate I’m heavily biased by the fact I was working at Barclays just out of uni at the time of the crash. That’s meant I’ve never invested in a company because I’ve never been in a position where I’ve felt I could loose all of anything that would be worthwhile investing.

It's not fabrication. Nobody is suggesting as such. The business has been successful. However, so was Vulpine for a time. Just because Frahm is doing well doesn't mean he should be trusted with investors money when investors are already out of pocket from Vulpine. There should be a disclaimer on the CC page stating (I say this tongue in cheek somewhat): Nick Hussey previously leached off of investors while riding his sinking ship to the bottom of the ocean.

Need money? VC funding... oh wait. Nobody will touch him.

Sorry should have been clearer. By fabrication I was talking about the aspect that Vulpine failing wasn’t just a jolly for him and that he in some way struggled.

From my perspective investors aren’t entitled to a return. (See previous comment) If he couldn’t get funding like you say it’s not surprising to end up back here.
That’s not to say that I don’t agree with you but also that perhaps he’s earns a second chance.

Understood. Sorry for misconstruing. I somewhat agree on the latter point.