What’s the best way to use crowfunding platforms?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Decoupling Advisory From Custody – AVC

I think the idea of a 10 year fund where the VCs have custody of the LPs’ capital and make all the decisions is not going to be the norm. Companies like our portfolio company CircleUp and AngelList are building important new platforms and paving the way with regulators to allow the same kind of thing that is happening in the stock market to happen in the venture capital market. And that’s a good thing. Change is good, even in my own business.