Dear Future Lords of Venture Capital, 

Stop launching RegCF crowdfunding portals. 

Morning Beautiful People! That sentence is the TLDR version of this article. The next line is, “Partner with existing portal owners as the hardest part of crowdfunding is the crowd.” 

The three reasons why you should partner with an existing RegCF portal vs building your own are: 

Affinity Crowd - you’ve never heard of that portal because in 2016 Founder’s egos imploded it before it even got off the ground. That lesson in why entrepreneurship is so hard I only recommend it to my enemies, cost me a mere $500k. Fortunately, since I’ve paid that iron price you don’t have to. Learn from my mistakes, don’t repeat them. 

$3M for 18 months of runway. If you try to launch your own RegCF crowdfunding portal it’ll cost you at least $3M. I know. I know. No one believes this number. Download this excel sheet and play with the numbers and remember, if you’re only charging 3% to 8% of the rais...more