When I saw WeFund, I thought "Kickstarter for penny stocks!" Ugh. If this is being done in a way that hordes of non-qualified investors are actually getting sto

When I saw WeFund, I thought "Kickstarter for penny stocks!" Ugh. If this is being done in a way that hordes of non-qualified investors are actually getting stock, it could well handicap any startups that go that route, because the professional investors they'll need in later, bigger rounds will consider them toxic. Consider what this does to the cycle... startups good enough to get real angel money will probably be wise enough to not take on a bunch of high-risk unqualified capital, and so they won't be on WeFund at all. This leaves WeFund to the ones that are more idea than startup, not good enough to get in the real capital game. So the likelihood of hits is very low. So, how much money can be poured into the system this way? Not enough to distort the entire market the way the dotcom boom did, I think. It would take a million thousand-dollar investors to just get a billion, which isn't enough to really kill anything - and $100M or less even less important in the big scheme of things.