[johnwaldie]

I agree with this premise regarding equity crowdfunding as it currently stands in absence of any professional guidance. We at XX have tried to improve this and mitigate risk by:

1) having a screening committee with deep founder operational experience and industry insight to identify the companies most likely to be successful.

2) attracted exceptional startups to broaden our applicant pipeline by making it open to the global community and guaranteed a $50k pre-seed investment.

3) had three month mentoring period where startups were stress tested and cleared for launch on Wefunder.

It's similar to LPs investing in a VC fund and trusting that the VCs performed the proper diligence.