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Just curious as to why you would disagree. The way I see it -issue more shares with lesser face value when the company is valued. So if you are valued at $4 million issue 400,000 shares of $10 each and crowd fund. If you can't set the valuation, use a bidding process and let the crowd value. No ?

It's a model that could work, but it's not "clearly the model". One reason is that VCs add more value than just money, at least ideally they do. Also, there might be a lack of oversight and accountability. Btw, what you are suggesting sounds alot like an IPO.

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