Saw this in a review of Republic. Made good sense. “What one should think about is the reason why the startups are choosing the way of "crowd investing.” I’d say more often than not it’s because their business plan was not appealing enough to traditional VC investors.“
So Teets wants to be taken seriously as a privately funded company that’s attractive to investors, yet he sucks so bad he can’t get legitimate investors interested enough to hand over actual money, so he e-begs and calls it investing. Sounds about his speed. There’s another Framed Guinness World Record in there somewhere.