New Law (Potentially) Brings New Money to the Black Community

[Responsible Allen Iverson]

I'd be cautious about equity crowdfunding. If a company can't get funding through traditional means then the chances of them being successful aren't very high.

Just read the stories of shytty kickstarters to see why crowdfunding in general isn't a good idea (good for the company but not so good for the backers/founders)

A lot of times these companies are in over their heads and can't deliver the product in time. They end up taking losses because the economy of scales they thought were supposed to happen didn't. And also they don't know how to build a successful brand company past the initial "excitement phase" of kickstarter.

https://www.reddit.com/r/shyttykickstarters/

Kickstarter isn't equity crowdfunding.

 

[HabitualChiller]

Don't let this flop dammit

 

[L&HH]

Kickstarter isn't equity crowdfunding.

I know kickstarter isn't equity crowdfunding. I'm using that to show the potential pitfalls of equity crowdfunding. There'll be a lot more suckers than winners in this. Another poster said they'll look into this for another source of "income" the only problem is this isn't "I come". There's no market for the shares which means no liquidity.

 

[Responsible Allen Iverson]

I know kickstarter isn't equity crowdfunding. I'm using that to show the potential pitfalls of equity crowdfunding. There'll be a lot more suckers than winners in this. Another poster said they'll look into this for another source of "income" the only problem is this isn't "I come". There's no market for the shares which means no liquidity.

Any investment has a risk of not paying off. Everybody needs to get educated before investing. Don't throw your money at anything that sounds good.

And you would get income as a share of profits.

 

[ridedolo]

good thread op. you stay dropping gems. ima read up on this.

 

[ridedolo]

of course this thread flops but the 10000 other threads about swirling are doing numbers

that's why I'm convinced most of these people are agents/cacs

 

[Supreme HD]

Great thread and news. Why is this thread being slept on? Smh.

 

[Responsible Allen Iverson]

of course this thread flops but the 10000 other threads about swirling are doing numbers

We need a money/business/economics subforum

 

[videogamestashbox.com]

We need a money/business/economics subforum

Especially given there are bruhs who get hounded for even bringing such stuff(business ownership) up

 

[Grizzly]

We need a money/business/economics subforum

@Brooklynzson

 

[Reginald Noble]

I'm in

 

[↓R↑LYB]

New Law Brings New Money To The Black Community

I'm gonna keep my eye on this. I don't know much about the dude running the fund but I'm loving the idea, plus it's black owned and controlled. If they can truly raise a million dollars in 2017 with the money being allocated to black entrepreneurs this can be a game changer.

 

[LEEeveryday]

sub...

 

[badtguy]

What are good websites for investments? I know tech companies have angel start up sites.

I mean like a good website that explains crowd funding

 

[londonize]

of course this thread flops but the 10000 other threads about swirling are doing numbers