I am not against crowdfunding. I think it's great for funding small projects including art, community projects, and even to develop a new product. Crowdfunding gives people an opportunity to help get a project or company going with an initial injection of capital from the public (or, perhaps a group of wealthy individuals). However, I think people are starting to confuse equity crowdfunding with investing. Similarly, I think some entrepreneurs are starting to believe that they can completely replace the traditional fund raising process with crowdfunding. Crowdfunding is not a magic bullet for the startup world.
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