The world is always going to need capital and sources of capital, whether it is the same as it was 20 years ago or 20 years hence. There is going to be a need for people to raise money whether they are startups or 40-year old companies. Therefore there is a need, it may be crowdfunding or some evolution of crowdfunding. Somebody has got to do it.
There are going to be 18-year-olds in garages as long as we live, but there has to be someone to show the 18-year-old how to do it. If you are going to raise money, you should have a track record, it is the best way to do it. If you are more visionary than that. If you are going to replace sliced bread you’ve got to convince people of why you are going to replace sliced bread, then you can go forward. These are basic rules that have been around 1,000 years.
