VE Interactive goes into Administration
The founders and some of their investors in their heads thought they were a Unicorn…… oops
Dave Brown the founder of VE Interactive
Mark Pearson of Myvouchercodes and Fuel Ventures was an early investor and stepped into the company in March to help try and sort out issues. Think Fuel Ventures deck which they used for raising money on Seedrs may have to be changed.
Congrats to Kadhim at the FT, who has been digging through all the data about VE Interactive for ages.
My post from last year:
I am not one who ever wanted them to fail, but I always believed the stories they were telling the world were not good for the eco system. Fact and fiction seemed to be confused in the narrative coming from many people.