Angel Investing Is No Different Than Gambling in Vegas

Nitasha Tiku · 11/22/13 06:24PM

Entrepreneur and investor Jason Calacanis offered an exquisite example of the dangers created by loosening the rules around crowd-funding. During a PandoMonthly fireside chat last night, Calacanis not only argued that any consumer knows how to pick a winning startups, but that the populist thing to do is to let the masses bet on them.