Ayan Mitra, founder and CEO of CrowdBank, compares the maturity and regulatory progress of equity crowdfunding in the UK versus the US.
Prediction Not checkable as stated
Mitra: Crowdfunding is in a hype curve and faces market correction
“I would go as far as to say we're in the hype curve now. I think there will be market correction with regards to, ah, either some investors losing money because of deals not being structured properly or mispriced, or what may be”
What-if
Mitra: Crowdfunding rise would have occurred without 2008 financial crisis
“And I think the economic crisis in 2008, perhaps pushed it along a little bit when Traditional credit was sort of squeezed out, but this would have happened regardless of the 2008 crisis or not.”
Prediction Partly held up
Mitra: Gojimo will become a unicorn company
“Me as a personal investor in it I think that I'm tipping that for a unicorn, so we'll see if he gets there, but I think, yeah.”
Prediction Not checkable as stated
Mitra: JOBS Act signals equity crowdfunding will become mainstream
“I think it's a very positive step, not so much because of what the Act actually is, because I think it's been greatly diluted from the original principles of when it was proposed. But what it sort of signals to the market about the fact that the alternative fi…”
Insight
Mitra: Financial tech stagnated between ATMs and alternative finance
“In financial services, per se, bar the ATMs that were innovated sort of mid-nineties, mid-eighties, I believe nothing really has happened, so all the financial engineering that went on was product engineering rather than leveraging technology to actually impro…”
Insight
Mitra: Crowdfunding Investors Should Commit at Least £10,000 Annually
“So, you know, you should be looking to commit at least 10,000 pounds a year for it to make any difference to you.”