The JOBS Act, which introduced the regulatory framework for these platforms to operate, was a flop as it has over regulated the space making it difficult for these platforms to operate. These hurdles contribute to adverse selection which impacts on the quality of opportunities that are being offered. Do you think equity crowdfunding platforms will survive?
As proposed by the House, it was an interesting idea but what the Senate did to the law should not happen to a dog.The proposed Fix The CrowdFunding Act is intended to address some of the problems. See
As it stands today, some of the promoters of CF are credible; some are not.
There are still significant liability issues for anyone who dabbles in the area.