Equity crowdfunding may eventually grow to be a $300 billion industry, as a well-known venture capitalist predicted last year, but there are high hurdles to jump, experts say.
Fred Wilson of Union Square Ventures suggested last May that crowdfunding eventually would take massive market share from bank lending, giving a boost to the alternative lending industry.
Angel investor Chris Camillo, speaking at last week’s inaugural Crowdfund Texas conference in Austin, cautioned that there are legal and cultural barriers that are impeding the popularity of crowdfunding.
“I think it’s realistic, but you really have to look out not months, but years, many, many years,” Camillo said during the “Crowdfund Investing: Funding 3.0” panel, in answer to an attendee’s question regarding Wilson’s outlook.
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