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What kind of crowdfunding platform is Crowd1?
Crowd1 has nothing in common with crowdfunding except for the word "crowd." Crowd1 presents itself as a high-tech crowd marketing business but they offer a range of dubious products while promising significant returns to its “members.” It has super slick videos and deploys viral marketing pack... more
Crowd1 has nothing in common with crowdfunding except for the word "crowd." Crowd1 presents itself as a high-tech crowd marketing business but they offer a range of dubious products while promising significant returns to its “members.” It has super slick videos and deploys viral marketing packages and they promote themselves with a Yoda-inspired slogan, "impossible is nothing."
Crowd1 is a classic pyramid scheme that has made a fortune for a handful of European scammers (including Renze Deelstra, Johan Von Holstein and Jonas Werner) but it has left a trail of debt and poverty in countries across the developing world and especially in the African countries of South Africa, Kenya and Nigeria. To learn about the ugly deception under the shiny surface of Crowd1, watch the BBC expose by BBC documentary by journalist Ayanda Charlie: https://www.youtube.com/watch?v=M0EjjArvzXA If you don’t have time to watch the full video, you can read about it here: https://gadgets-africa.com/2020/11/02/crowd1-pyramid-scheme-collapses
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If everyone starts using crowdfunding to support their medical bills, won't we run out of people to be the crowd?
Hello Beautiful Person,
That is not how INVESTMENT crowdfunding works. For the example you provided is for donation crowdfunding, completely different. Kickstarter and GoFundme are examples of donation crowdfunding platforms. You'll see many people seeking assistance for their medical... more
Hello Beautiful Person,
That is not how INVESTMENT crowdfunding works. For the example you provided is for donation crowdfunding, completely different. Kickstarter and GoFundme are examples of donation crowdfunding platforms. You'll see many people seeking assistance for their medical bills on those. As they're looking to connect with kind hearted people who want to give freely, with no expectation of return.
Here at the CfPA we focus on Investment Crowdfunding. Investment crowdfudning works just like on Shark Tank. The only difference is under the JOBS Act Reg CF rules, all the audience can potentially be an investor.
Lastly, the challenge with healthcare is a National challenge that crowdfunding was not designed to address. We need policy changes at the National level to help ensure every person has access to healthcare. That though is a much longer and dynamic conversation.
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