[eth]

The author's underlying point, that crowdfunding is not the godsend that many think it to be, was lost in a poorly chosen post title and a poorly formulated rant.

Simply put - investors via crowdfunding need to recognize the risk they are assuming. Likewise, companies choosing to raise funding from non-accredited investors need to recognize the costs and extra steps associated with IRS and SEC compliance.

The author's "quick overview of basic problems that investment crowdfunding faces", interestingly makes no mention of the implications of crowdfunding on companies that would previously be deemed by professional investors as non-fundable.

At this point, it's too early to write off crowd-funding simply as a bad idea - especially without any inkling as to how the SEC even plans to address it. Personally, I hope Mr. Kang ends up eating his hat. But time will tell...