71–80 of 83 posts
How were unaccredited investors able to invest in Wefunder even though it is not legal yet?
I really hope uncapped notes are not allowed. If you look at the history, Dropbox turned a $6M investment into a $5 billion dollar company. Google turned a $25M investment into a $250 billion dollar company. I have a feeling, one of these startups is going to turn a $1M uncapped investment into a $1B company, and there are going to be some really hurt feelings. Someone is going to invest $1000 in the next Google/Drop…
Seed investing is not something for amateurs, in fact frankly I don't think investing in public companies is for amateurs. I would tell ordinary people to invest in index funds and don't invest in startups at all. You should not be investing in startups because you think it is going to change your life. You shouldn't be doing it unless you're rich enough that your life wouldn't be changed by making lots of money. - P…
Investing is not just about returns anymore. On Kickstarter, millions of people invest in products, not for a return but because they want the product to exist. I would very willingly toss my money down the blackhole of seed markets, because it is a "fair shot." Other markets are not. The stock market and index funds are driven by volume (i.e. rich people) fear, our economy, or stupid politicians. I would gladly fund…
thats awesome, its a crowdfunding site that is crowdfunding another crowdfunding site
I really hope uncapped notes are not allowed. If you look at the history, Dropbox turned a $6M investment into a $5 billion dollar company. Google turned a $25M investment into a $250 billion dollar company. I have a feeling, one of these startups is going to turn a $1M uncapped investment into a $1B company, and there are going to be some really hurt feelings. Someone is going to invest $1000 in the next Google/Drop…
Wait, what company went from uncapped note angel funding directly to a billion dollar valuation?
Earlier quoted context omitted.
Investing is not just about returns anymore. On Kickstarter, millions of people invest in products, not for a return but because they want the product to exist. I would very willingly toss my money down the blackhole of seed markets, because it is a "fair shot." Other markets are not. The stock market and index funds are driven by volume (i.e. rich people) fear, our economy, or stupid politicians. I would gladly fund…
In most circles the definition of investing is the deployment of capital for some expected return on that capital. You can't just take something else that feels like investing and start calling it that.
Earlier quoted context omitted.
If you imagine investors organized concentrically with the sort who physically show up on Demo Day at the center, I think the sweet spot for this type of thing is the next ring out: people who are not focused on startup investing, but who either understand startups well (like rdl) or are rich enough to learn about them by trial and error.
Ok I see your point and agree with it, but Wefunder is metaphorically opening up to nearly the entire universe by eventually allowing anyone to invest--it doesn't seem to be doing anything to stop 'amateurs' from investing. I'd like to believe that there are many people have a couple thousands dollars that they'd be willing to invest in a startup that seems promising. In the next year, I will theoretically be able to…
Given your age and experience you have NOHTING to loose. Experiment. Fail. Learn. Succeed.
One of my all-time favorite sayings is by Mark Twain: "A man holding a cat by the tail learns something he can learn no other way".
If you think you understand startups enough to risk $1,000, by all means, do it! You will learn something regardless of the outcome. And, frankly, at your age, if you are intelligent about it there are virtually no negatives.
Earlier quoted context omitted.
Ok I see your point and agree with it, but Wefunder is metaphorically opening up to nearly the entire universe by eventually allowing anyone to invest--it doesn't seem to be doing anything to stop 'amateurs' from investing. I'd like to believe that there are many people have a couple thousands dollars that they'd be willing to invest in a startup that seems promising. In the next year, I will theoretically be able to…
> but given my age and experience Given your age and experience you have NOHTING to loose. Experiment. Fail. Learn. Succeed. One of my all-time favorite sayings is by Mark Twain: "A man holding a cat by the tail learns something he can learn no other way". If you think you understand startups enough to risk $1,000, by all means, do it! You will learn something regardless of the outcome. And, frankly, at your age, if…
I was only responding to the seemingly-odd assumption that only the "next ring" of investors is what Wefunder is going for--at least that's what I got from pg's response to why he/YC funded Wefunder. To me, there is no way to keep it to only this "next ring" and it doesn't seem that Wefunder is trying to do this. They are trying to appeal to those who are even several "rings" away.
Seed investing is not something for amateurs, in fact frankly I don't think investing in public companies is for amateurs. I would tell ordinary people to invest in index funds and don't invest in startups at all. You should not be investing in startups because you think it is going to change your life. You shouldn't be doing it unless you're rich enough that your life wouldn't be changed by making lots of money. - P…
I invest around $10K once a year in a startup, usually with a friend who I believe strongly in. One of them so far was a disaster, and oddly enough he was the highest profile of these investments. One was quite lucrative. Another is looking to be a great return, having recently raised at more than 10x.
I don't think investing 5% of your income and/or capital in startups is a bad idea if you have reason to believe someone will be successful.
The key is to consider the money lost once you invest it. Don't expect anything back.
thats awesome, its a crowdfunding site that is crowdfunding another crowdfunding site
Damn, I wanted to post that comment :D the other crowdfunding site might launch a research project on how to maximize crowdfunding using machine learning
I wish I was joking. I should get that project up...