[antris]

You are absolutely right about the discount.

Being skeptical is also good, but on the flip side there is a lot of money floating around in peoples private bank accounts that is seeking an investment target. I mean, how would one invest $10 in a startup through the traditional VC model? There's no way. This model can be seen as an alternative. There's no inherent reason to think of it as a backup for startups that failed to get VC funding. It's just money from people who are not VCs.

[brianwawok]

If your life savings is 10k or even 100k you don't need to invest in startups. Try an index fund.

[antris]

I agree, but that is beside the point.