As a think tank coordinator, myself and our group come up with endless potential business start-up ideas, technologies, service company entrepreneurial exploits and new business models. In the last few years, I’ve noted increasing numbers of entrepreneurs favoring crowdfunding as a better source for start-up capital. Many of these entrepreneurs are fresh out of college with visions of saving the world, and their minds are often filled with socialist fallacies. They tell me that crowdfunding is like socialism in action – completely beautiful and natural democracy in action.
Wait one minute I think; “No crowdfunding isn’t socialism in action, it is capitalism in action – “free market capitalism” in its purest form.”
People voting with their own dollars investing in a business they believe in to achieve later gains by perhaps getting lucky and getting in on the new floor of something wonderful and great – the potential opportunity of … Read More