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So startups are a scam too? Certainly the public is going to lose money with crowdfunding sites like WeFunder.

Have you considered that retail wants to take risks?

Have you considered that crypto is not regulated?

If you see a startup that has taken VC money (especially if it is crypto) it's pretty much a complete scam that you should stay away from.

Regulation only means disclosures. It's just as easy to lose money. Most startups fail.