Winging it with crowdfunding

摘要

Internationally-known Scottish angel investor and angel fund manager Nelson Gray has travelled the world discussing best practice in early stage investment, to help encourage more business people to dig deep, don wings and take the early stage investment plunge. But the 2015 winner of the prestigious Queen's Award for Enterprise Promotion says he's yet to find one single experienced angel investor who'd put money into an equity crowdfunded enterprise. "There is no validation of the valuation. There's nobody helping the company understand how much money they should raise and what they should spend it on. And a big issue is these companies end up with a shareholder base of three, four, five hundred people - thousands in some cases - so how do you herd all those cats? How are you going to get 500 people to agree to the terms that you're going to offer them? [Experienced angels] are just not going to do that."