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by hammerzeit 3991 days ago
But... why? I don't understand why an entrepreneur would prefer crowdfunded money to venture capital. And if he can't raise venture capital with the glut of money in venture right now, that's doubly worrying.

The only thing that makes any sense to me at least is a marketing angle -- by getting lots of people as "shareholders" you now have a base of evangelists to advocate for your car.