[euthymiclabs]

This funding campaign is questionable. Investors should have some access to profit and loss information before investing. I don't have a major problem with unaccredited investors jumping in and losing money, but I do think that they deserve at least minimal transparency.

I'm not far above the accredited investor line and have a few AngelList investments. They've always provided cash flow, burn rate, projected revenue goals, and how they plan to hit them. I know I can't perform due diligence and know I'll probably lose the 1-2% of my portfolio in angel investments, but I would run from any company that doesn't offer real information.

I'm a big fan of Substack and hope that I'm wrong. I just hope that trying to reach venture expectations doesn't tank what could be a fantastically lucrative SMB.