Crowdfunding IS too expensive The payments processing cartel everybody needs to know about Crowdfunding is kind of a broadly-generic term. As a recurring topic and point of discussion among hackers, startup entrepreneurs and "the biz guys", it deserves a special teasing-out. Just what are people talking about when they talk about "crowdfunding" ... is it like a Kickstarter campaign for a snazzy newfangled electric skateboard? Is it a plea for funds that takes the form of a "donate now" button or post on Facebook to help that friend's doggie after it was hit by a car? Her dog needed emergency surgery - it was expensive and urgent. Or, is crowdfunding some sort of "offering" of equity, like a stake in a potentially-profitable company that dangles future lucrative payout for some initial investment? For the purposes of this post, let's define crowdfunding specifically as: Any effort by an individual, group, or organization to...
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