Once upon a time, raising money required endless schmoozing and connections with investment firms or ultra-rich individual investors. Investment was generally believed to be the province of special investment banks and funds. However, the democratizing effect of the internet has forever changed that dynamic, and it isn’t entirely clear how the new economy is going to eventually take shape. From Kickstarter to crypto crowdsales, these days it seems like everyone and their dog is a “quasi-investor” which creates an entire realm of complexity and risk which we will have no choice but to wrestle with for many years to come.

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