The Crowdfunding Collapse

Theme: Why legacy crowdfunding portals failed. Hook: “10% fees. Weak issuers. Zero liquidity. No wonder the model never scaled.” Content Outline:

• Breakdown of pay-to-list costs, compliance drag, and poor investor experience.

• Why issuers with fundamentals avoid portals.

• Investor mistrust + liquidity issues.

• Fish Network’s solution: transparent, on-chain, semi-liquid investment clubs with shared governance.