Does Crowdfunding Rely on Mob Thinking?

Leaving 2016 with this iconic quote: “A large number of unsophisticated people are likely to be more accurate than a handful of sophisticated people.”

Really?

The New York Times story discusses how new car companies are crowdfunding to sell electric vehicles some of which have focused on 3 wheelers that are technically classified as motorcycles.

But hey, that’s how Honda started.

Happy New Year!
http://www.nytimes.com/2016/12/29/automobiles/would-be-carmakers-tap-the-wisdom-and-dollars-of-crowds.html?_r=0

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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