Would You Use Crowdfunding To Invest In A Celebrity’s Business?
Yesterday, I picked up a copy of City AM and this headline of Exclusive: Jon Moulton hits out at Sir Stelios for crowd funding exploitation caught my eye.
The article is here on the City AM website and this is the first paragraph.
Celebrity business leaders may be using crowd funding websites to exploit retail investors, the outspoken private equity guru Jon Moulton claims today.
Moulton singles out easyJet founder Sir Stelios Haji-Ioannou as one example of a name using his position to foist over-priced shares on to small investors in his new easyProperty estate agency.
I have used crowdfunding to invest in ideas, but usually it’s to some worthy cause or idea, that is struggling, not an unworthy celebrity. People like Branson, Sugar, Cowell, Haji-Ioannou and others are only looking for a way of creating ideas that mainly enrich themselves! And they don’t need the money!
So the presence of a celebrity inevitably turns me off!
Perhaps two I named, should get together and form a company called easyVirgin. I wonder what it could do?
The best ideas to invest in are ones that are invisible to the general public.
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The Anonymous Widower 
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