Dropping the limit on income to become an early stage investor is bad because... accountants are expensive?! There are a lot of reasons not to crowdfund your startup, but this article misses all of the big ones.
I'd love to see a well written treatment of this topic once the new regulations go into effect. Hopefully Forbes can find a better perspective on the topic by then.
Agreed. Nobody expects startups to pay dividends, so that part of the article seems like a red herring. I would hope that the same level of due diligence that angels would perform today ends up getting done in the case of equity crowdfunding.
I have a suspicion that equity crowdfunding will be the "funding of last resort" (because it's "dumb money") and that's why it will be a ghetto.
I'd love to see a well written treatment of this topic once the new regulations go into effect. Hopefully Forbes can find a better perspective on the topic by then.