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As a founder the biggest turn off for me is the fact that you cannot take on more than 500 non accredited investors. As soon you exceed that number and rake up
by thirru 10y ago
As a founder the biggest turn off for me is the fact that you cannot take on more than 500 non accredited investors. As soon you exceed that number and rake up $25M in assets you will be forced to go public, which is absolutely bonkers.
Now to me equity crowdfunding is inherently powerful that you can make investments as little as $100. This dramatically lowers the risk, and makes it a small gamble for small time investors. But as an entrepreneur with a max of 500 investors you end up with a mere $50k, which almost defeats the effort for most startups.