Doubts Arise as Investors Flock to Crowdfunded Start-Ups
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Ryan Feit set up one of the first websites that list companies trying to raise money from small investors. “Investing in start-ups is really risky, and it’s very different than buying a used couch,’’ he said. “We definitely do not think you should treat it like Craigslist.” CreditSasha Maslov for The New York Times
SAN FRANCISCO — Ryan Feit left behind his lucrative career at a private equity firm to chase the dream of crowdfunding.
Mr. Feit, a 33-year-old graduate of the Wharton School of the University of Pennsylvania, went to Washington several times to lobby for a new law that allowed small-time investors to buy stock in start-ups — and then set up one of the first websites that list companies trying to raise money.
But what Mr. Feit has seen since he set up his site, SeedInvest, has dented his enthusiasm…
Doubts Arise as Investors Flock to Crowdfunded Start-Ups
