From watching companies on Seedrs, I suspect that if any of them ever had a half decent idea, they could raise their equity for a lot less than 50% of the business.
I noted that all of the old ones they brought back only stated what the company turnover was, not what the profit made on that turnover is.
Is it really about that though? I am sure that some of the folk on there go with the best intentions, of starting a business and using Sugsy's dorrah + address book to drum up business. But I am convinced most of them are seeking fame in other ways, not in business.
From watching companies on Seedrs, I suspect that if any of them ever had a half decent idea, they could raise their equity for a lot less than 50% of the business.
I noted that all of the old ones they brought back only stated what the company turnover was, not what the profit made on that turnover is.