Thank you so much for the excellent story on Crowdfunding and introducing me to the StartMe.co.za website. The website is excellent and I have already identified an entrepreneur or two that I would like to back. While this does indeed look like a mechanism for funding small businesses I would like to refer you to a recent extract from the FT.com website on the subject of crowdfunding.
“While this new flow of capital has helped fulfil some dreams, it has also been a rude awakening for creators and new entrepreneurs unprepared for the sudden interest in their ideas. Young crowdfunded companies often find themselves struggling with inadequate capital or infrastructure.” I think there is an important lesson for entrepreneurs in there.