So, normal people can invest (waste ?) their lifetime savings to finance projects that junk-bonders, bankers and government officers won’t waste (invest ?) investors’, customers’ or taxpayers’ money in. It’s just like stock-exchange, but for smaller money.
So, is crowd funding another Wolf of Wall Street, or more stupid than any other way to waste one’s money buying useless, made in Asia, gadgets, invest one’s money in hopeless businesses, or spend the family’s savings in mortgaged housing before the next financial big one ?
Well, who knows … it’s just crowdfunding, stupid !
More about crowd funding as a fashionable way to invest (waste ?) one’s savings (in French) : http://renaudfavier.com/2014/02/20/le-crowdfunding-cest-les-emprunts-russes-avec-lelectricite-et-les-reseaux-sociaux/