I was chatting with Torrence Reed of HBCU Wall Street about the pros and cons of crowdfunding for real estate deals on BRITE Investments platform and he quoted me,
- "Customers have more money than VCs".
In the case of #realestate deals your community / network has more 💰 than VCs. Don't get me wrong, #VCs do have a lot of $$$. But ask any fund manager where they got that 💰 from? Their network/ community of LPs. #Crowdfunding works so well that VCs have been doing it the entire time "#venturecapital" has existed.
Really, 2nd only to #WallStreet crowdfunding from taxpayers (aka #bailouts) every decade or so, VCs are leaders in the crowdfunding industry. Which is funny. Cause they're the 1st folks to call crowdfunding "#dumbmoney".
Isn't it ironic?
At anyrate, join the Crowdfunding Professional Association to learn more about using #RegCF to raise up to $5M and #RegA+ to raise up to $75M using the same thing VCs do...crowdfunding.
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