1/ Equity crowdfunding or equity investment marketplaces failed. Full stop. Didn’t work.
Here is my synopsis on why the industry hasn’t taken off. Lots of reflection and painful lessons I hope others can learn from.
There is no shortage of secondhand clothing. There is so much used clothing in the market that, on average, only about 10-20 percent of what is donated to national charity shops resells in those stores.
The more I see communities moving to real-time platforms like Discord and Slack, the more I miss classic forum experiences. Long-lived threads with bumping, a long tail of search ranking for niche topics, locking/combining threads, etc.
Real-time communities breed FOMO.