In today’s age of social media success stories, there is something superficially interesting about crowdfunding as a high-level idea. There has certainly been no shortage of attention to crowdfunding in the press and from business people. But in looking at the new JOBS Act exemption for crowdfunding, I see lots of reasons to avoid using it. While this list could be expanded – and will need to be revised as the SEC adopts rules to implement the new exemption – to get things started I offer up these ten reasons to avoid crowdfunding.

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Foundry Group.jpgMegan Muir.jpgCONTRIBUTED BY
Megan Muir

If I was not already a huge fan of Foundry Group, this video (posted on Geekwire last week – thank you John Cook!) would have put me over the edge. They had me the second I saw the suits.

Last week Foundry Group released “I’m a VC”, with more than a nod to Saturday Night Live’s Digital ShortsJason Mendelson wrote, directed and sang, together with his fellow Foundry partners, Brad Feld, Seth Levine, and Ryan McIntyre,
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