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> There's more value to a crowd of investors than easy dumb money I disagree with this. I'll take advice from 2 people that I trust and admire before I'll pol

> There's more value to a crowd of investors than easy dumb money I disagree with this. I'll take advice from 2 people that I trust and admire before I'll poll 10,000 people. In my opinion, it's a distraction. That's why I believe it to be more valuable to have a couple of very smart & helpful investors rather than a lot of people with individual opinions and voices. Maybe a little off-topic, but in some ways, this is what I admire about Steve Jobs, is seeing what people wanted before they realized they wanted it. I don't know if it's real or not, but the quote attributed to Henry Ford, "If I had asked people what they wanted, they would have said faster horses" does hold a grain of truth. He could cut past the noise of the crowd to see the potential of an idea. Ask someone in 2004 what they wanted in a phone, and "bigger" probably wasn't on the list.

gbelote 13y ago
We actually have 35 unaccredited investors in Wefunder and they have been valuable investors, some have been a lot more helpful than some of our accredited investors. A crowd of investors doesn't have to be all strangers and randos. They can be other founders, VPs in big tech companies (who don't quite pass the accredited bar yet), domain experts, someone famous (or internet famous), and people you know and trust. Or they could be your customers who love what you're doing.
- randall 13y ago
  I'm actually most excited about allowing customers to invest. There's some people who see what we're doing at Vidpresso, and basically nobody in media has enough money to be accredited, but I'd love to provide upside for people who believe in what we're doing.
  - swalkergibson 13y ago
    > I'm actually most excited about allowing customers to invest. You can already do that, they should buy your product. If they are so jazzed about it, they should tell their friends, and it should be easy for them to do so through whatever your product is.
    - randall 13y ago
      ... upside. It'd be great to give them financial upside if we're successful.

gbelote 13y ago

We actually have 35 unaccredited investors in Wefunder and they have been valuable investors, some have been a lot more helpful than some of our accredited investors. A crowd of investors doesn't have to be all strangers and randos. They can be other founders, VPs in big tech companies (who don't quite pass the accredited bar yet), domain experts, someone famous (or internet famous), and people you know and trust. Or they could be your customers who love what you're doing.

randall 13y ago
I'm actually most excited about allowing customers to invest. There's some people who see what we're doing at Vidpresso, and basically nobody in media has enough money to be accredited, but I'd love to provide upside for people who believe in what we're doing.
- swalkergibson 13y ago
  > I'm actually most excited about allowing customers to invest. You can already do that, they should buy your product. If they are so jazzed about it, they should tell their friends, and it should be easy for them to do so through whatever your product is.
  - randall 13y ago
    ... upside. It'd be great to give them financial upside if we're successful.