It can depend on the specific circumstances of the equity crowdfunding round and the company's performance since then. In general, investors may view a company that has successfully completed an equity crowdfunding round as a good thing because it can indicate that the company has a strong base of supporters and has been able to raise capital in the past. Additionally, a company that has completed an equity crowdfunding round will have a track record of financial performance and investor relations, which can be viewed positively by potential investors.
On the other hand, if a company has struggled to meet its financial projections or has had difficulty maintaining good relations with its investors, this could be viewed negatively by potential investors. Additionally, a company that has completed multiple rounds of equity crowdfunding without showing significant progress or growth could also be viewed as a red flag.
It's important to note that each company is unique, and the success or failure of one company's equity crowdfunding campaign should not be used as a definitive indicator of future performance. Potential investors should always conduct their own due diligence on any company before investing.