Crowdfunding is off to a good start but how will it end?

Peter Thiel makes a comment in his book Zero to One “If you have invented something new but you haven’t invented an effective way to sell it, you have a bad business – no matter how good the product” which got me thinking about crowdfunding. I was chatting with someone over the weekend who had sent me another invitation to a crowdfunding web portal that connects  businesses with venture capital. As we got talking about it I found myself thinking back to Peter’s comment and realizing that crowdfunding might be working but has the market really bought it? Is it a niche opportunity that will always fill a void because the greater market isn’t sold on it? Do crowdfunding platforms have their work cut out for them before they become a mainstream competitor for capital? Continue reading “Crowdfunding is off to a good start but how will it end?”