You are reading a single comment by @user16171 and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
user16171
frank9755
I put a modest amount of money into it. It was a shock to get the message but I wasn't massively surprised. The last couple of fundraises have felt a little bit desparate and, when I asked for current financial info, I didn't get any. Also it was a bit odd Ben stepping down for a while then coming back.
I don't know if they would have made it were it not for COVID. They might have done but maybe not. There always seemed to be a 'just around the corner' element to any projections I saw. With something like this there are always more challenges to be met and the capital requirements continue, so it was a big ask.
It's not fun to lose money but I don't feel bad at the way things have been done. I'm sure Ben and team tried very hard to avoid it coming to this but they most likely ran out of options. Saving the people's jobs is more important and if he can do that, he will have done well.
And I've got a pink cap!