Dougster's thread about the stock market along with SJGuy's remarks on that subject brought up something about which I have been curious. Have any of you guys here on the board invested or considered any of the crowdfunding ventures that seem to be popping up. I have recently seen some very attractive real estate ventures, any of you with any experience in this area or any of you considering such ventures care to share any thoughts or real information I would like very much to learn more about this.
Quantopian in Boston is proposing a crowd funded hedge fund. That caught my attention, but I think there are lots of problems with the idea as it is currently implemented. In practice, though, if you could identify the world's best up and coming quants through these live contests... maybe.
The rise of crowd funding is another reason I think economic growth will be faster in the future than it was in the past. Makes it easier for good ideas to get off the ground.
I just don't like how some assholes who have money crowdfund. Like Spike Lee was crowdfunding a film. Really? Like he doesn't have enough money to do it on his own?
shailyn- Shared risk allows more people to participate and reduces overall risks. I disagree with your characterization of Spike Lee and others based on that. Maybe they don't wish to undertake all of the risk on their own that doesn't make them assholes rather it allows them to spread eggs across many baskets.
Che-I own my own business and have for over 30 years, nothing that I have seen so far would impede due diligence, as a matter of fact I would insist on it. I seriously doubt any legitimate investment opportunity would be done by serious people if due diligence wasn't a large part of it. That is the point of crowd funding as I see, it most of the investors that I have spoken with, are legitimate business investors like myself, business owners who are somewhat bored with the markets and looking to diversify holdings maybe be a little more hands on in their investments but not wanting to be the day to day manager for various reasons.
Eh twentyfive I'm just going by what I have read about the beef between Michael Rapaport and Spike Lee. He called out Spike Lee in one of his interviews about crowdfunding a film. They're cool now though.
11 comments
Latest
http://www.indiewire.com/2016/09/super-t…
I think it is all extremely foolish. He is disclosing lots of information to the whole world, while at the same time very unlikely to get anything.
He could do his stuff self funded, or get professional investors to give him enough money if his ideas are any good.
I think what he is doing is bull shit.
But for a genuine public interest non-profit, that just needs a small amount of money and is not doing anything too strange, maybe.
But what you post will be copied by people less sincere than you are.
SJG