Nice post yesterday by “Startup Iceland” on the challenges of creating a robust Crowdfunding platform. This concept is certainly resonating way beyond the normal Silicon Valley world!
The author acknowledges some of the issues that are scaring various pundits in the blogosphere, and might make crowdfunding “risky”. He mentions:
- Information asymmetry;
- Valuation issues;
- High cost of transparency and accountability.
His conclusion: more work needed. But soluble.