I find it fascinating that people think Crowdfunding isn't working, and that the only way to 'make it work' is to stick with the people who are already doing it on a big scale.

Crowdfunding will work on two levels: one, because legitimate companies and investors will find each other, regardless of size, history or 'accreditation'. two, because of retail investors. Some retail investors will take a bath. There will be wailing and gnashing of teeth. But that hasn't stopped stock market investing or real estate investing.