its way into the mainstream venture investment community. However, I do feel that its current form leaves a lot to be desired for both investors and entrepreneurs. Moreover, there seems to be an oversupply of crowdfunding services coming online that reminds me of the “Dot Com” boom of the late 1990s. There are currently more than 1,000 that have filed for approval by the SEC.
One way to improve the situation would be for crowdfunding platforms to affiliate with an angel group that could lead the fund-raising effort. The angels would provide the needed screening and due diligence. However, it will take time to work out the exact nature of the relationship. So for now, I’m advising my fellow angel investors to watch how well this crowdfunding idea progresses, but only from the sidelines.
