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""We believe very positively on the opportunity of FinTech, particularly marketplace lending" This is a "long wave opportunity" to fund and build other platforms and ecosystems. Canaan is going to continue to invest heavily in the ecosystem."

Equity crowdfunding could be the great equalizer for entrepreneurs and small businesses by allowing them to bypass the banks who will not lend to them, the venture capitalists who want to take advantage of them and wealthy Wall Street types who ignore them. But the law itself and the SEC rules just released will make the law unworkable for some small businesses because of the costs involved, and the restrictions on marketing imposed. Despite that, equity crowdfunding will work for some, and if the $1 million cap is raised someday, it will work for many more. In the meantime, there is always equity crowdfunding's prettier sister out there, the Regulation A+ Mini-IPO.