3 ms·
While Shyp might be a great company (it seems like a great idea), I worry about this being the start of a flood of dumb money into startups. I wouldn't consider
by msrpotus 13y ago
While Shyp might be a great company (it seems like a great idea), I worry about this being the start of a flood of dumb money into startups. I wouldn't consider myself knowledgable enough to invest in a new startup and I follow tech news; what happens when everyone with a few extra dollars tries to spot the next Google?
- Major_Grooves 13y agoI was invested by crowd-funding via a platform in the UK, called Seedrs. I have 60 investors and raised £30k to build my MVP. I think at this level of funding (which is different from Angelist syndicates - I think Seedrs is £150k max) there is no real dumb money. I just needed the sort of money that people from wealthy backgrounds dismissively refer to as "friends and family" money. As it turns out my investors range from millionaire entrepreneurs, city lawyers, to my mate's girlfriend. It's great to start off with 60 super-fans that have a vested interest in promoting you to their network.
- negamax 13y agoThat's pretty much how all the money move around. What's $200-$300 for most people here as fun money on KickStarter is what it would be for some people for 10-100x that sum.