As the crowdfunding market grows into adolescence, it has become even more fragmented. Small private investment groups have been supplemented by over 200 web portals all offering deals and their own unique value propositions and processes. With this, the problem of private deal fragmentation has only grown worse. The way deals are delivered also exacerbates the situation.
The problem of fragmentation has not been (and probably won't be) addressed by FINRA and the SEC for the foreseeable future. It will be interesting to see how investors respond to having to go to so many places to keep up with deals.