StartupAddict Launches Crowdfunding Platform for Startups & Entrepreneurs

startupaddict.com

5 pointsthankuz3 comments

I like the concept. It gives normal people a chance to invest in start up companies that might not justify angel or VC investment.

My only concern is that your typical person cannot properly evaluate the risk of a start up company (which is why the "accredited investor" classification exists with the SEC). There is risk of people investing in things they don't understand.

Do you think this is the same concept as Angels List?

As somebody having tried both Angel List and kickstarter, this seems unlike either of those. Angel List is about finding investors, not donations. Investors want a return on investment. Kickstarter is about projects that have a definite ending. You can't fund a business using Kickstarter because a "business", by definition, runs in perpetuity without end. This seems to be Kickstarter for businesses.

Incidentally, I'm seriously looking for some immediate funding for my start-up. Please contact me if you have any extra money burning a hole in your pocket. No legitimate offer will be refused.

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