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A comment on Forget VCs, this accelerator lets you invest directly in startups fighting Covid.

Re:Forget VCs, this accelerator lets you invest directly in ... by akuppapplez on Tuesday July 28, 2020 @12:54PM (#23977839)
The idea of democratizing funding is always interesting. On one hand giving power to individuals and communities who may otherwise never have the opportunity to invest in companies in their Aha! moment is what we should strive for.

On the other hand this could lead to outrageous valuations made by founders who have the backing of devoted communities and taking advantage of their social capital. Thoughts?

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Re:Forget VCs, this accelerator lets you invest directly in ... by jiwonharu on Tuesday July 28, 2020 @01:01PM (#23977965)
To raise on Wefunder, founders have to find a Lead Investor to represent their Wefunder round. The Lead is motivated to set a fair valuation this way.
[ Parent | on HN ]