3 ms·
I dunno, crowdfunding a company's investment rounds sounds a lot like an IPO to me. But with less oversight. I can't really see how this is a good thing.
by ninkendo 11y ago
I dunno, crowdfunding a company's investment rounds sounds a lot like an IPO to me. But with less oversight. I can't really see how this is a good thing.
- notahacker 11y agoExactly. There's nothing especially novel about the concept of raising funds as widely as possible, and the reason that regulators have historically made it as difficult as possible to solicit funding for immature ventures through slick [recorded] pitches to as many retail investors as possible has nothing to do with the absence of the internet as a delivery mechanism until recently, and everything to do with people losing their shirts. A few ideas that seem bad turn out to be good. Most turn out to be terrible, especially when the paradigm they're breaking was established precisely because most of the aspects of the idea have been tried, tested, and proven to be terrible.