People often use the term “smart money” to describe big institutions and venture capitalists who are presumably knowledgeable enough to make smart investing decisions.
But we need to retire the phrase. Or at least apply it to a different group of investors.
In the third and final installment of our Startup Insider interview with KingsCrowd founder Chris Lustrino, we explain why we need to make this change to our startup investing vocabulary. We also discuss some problems in the crowdfunding space and share details on some of our favorite startups.