There are more Italian restaurants funded every year than there are technology startups as a whole. But if you take "startup" to mean "technology startup" you'r

There are more Italian restaurants funded every year than there are technology startups as a whole. But if you take "startup" to mean "technology startup" you're talking about the same thing I am. And almost all of these startups were funded by VCs early on. Crowdfunding will replace VCs as it becomes possible for people to get equity in exchange for funding. Your average person is more than clever enough to invest $500 in Dropbox the day it launches as a video on Digg. Only a broken system stops them from being able to profit the way already rich investors do today. In the same way that Uber didn't replace taxis, crowdfunding will not replace VCs, it will surpass them. The crowd has far more money and are themselves the ultimate judge of what's good. http://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects http://en.wikipedia.org/wiki/List_of_highest_funded_crowdfun... http://www.forbes.com/sites/geristengel/2014/03/26/equity-crowdfunding-site-targets-the-gigantic-untapped-consumer-market/ http://www.forbes.com/sites/geristengel/2014/03/26/equity-cr...