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I was invited to appear on HuffPost TV the other day, to talk about crowdfunding.

The conversation quickly turned into a discussion of the potential negatives of crowdfunding, and the risks.

Then there was this article in Salon, with the subtitle: “Equity crowdfunding was supposed to be an economic boon. Instead it’s a disaster waiting to happen.”

I actually agree with the article of the Salon piece, at least in part. Because of the way Congress wrote the equity crowdfunding rules, Title III equity crowdfunding is going to be very expensive. This is going to reduce its attractiveness as a fundraising alternative. This is too bad. But the answer is not to scrap the experiment. But to revise the rules to make experiment workable.