Georg Kofler, Carsten Maschmeyer, Judith Williams, Nils Glagau, Dagmar Wöhrl, Frank Thelen and Ralf Dümmel (from left to right) are looking for promising start-ups.
(Photo: Bernd-Michael Maur, TVNOW)
Dusseldorf Carsten Maschmeyer and Dagmar Wöhrl were thrilled. The investors in the start-up show “Die Höhle der Löwen” put 100,000 euros into the start-up cake gossip in 2018 and received ten percent of the shares in return. The planned growth figures promised a good deal.
But four years later, cake gossip filed for bankruptcy. The expansion of a 650 square meter adventure bakery created a financing gap that even a crowd investing campaign was unable to close. “The overall tense situation in the economy hurt us too, and the campaign wasn’t as successful as it needed to be,” reported founder Katharina Mayer on LinkedIn.
Cake gossip isn’t the first company to have been offered a deal by investors on the TV show “Lion’s Den” and then filed for bankruptcy.
It turns out that being selected in the start-up show is not a seal of approval – on the contrary. According to calculations by the Creditsafe credit rating agency, the risk of insolvency is significantly higher than in the economy in general.
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