"Crowdfunding: go equity or go home"....okay, so this is not to say that various forms of crowdfunding (e.g. 'pledge', lending, revenue-share) are without valid niches. Pledge crowdfunding, for example, can be fantastic for various fan-centric projects. But equity-based crowdfunding is at the center of crowdfunding's future ecosystem for typical high-risk startups.
This is purely a mathematical reality. There are a proliferation of crowdfunding platforms emerging, many with investment models destined for niches at best, and the 'dust bin' at worst. I wanted to give some clarity, as many haven't thought through the macro picture. Again, this is a discussion aimed at early stage 'angel' style investments in risky startups.