Anyone else think ELIX is trying to do too much? I think it should either be a crowd funding platform or a loan platform but not both. Its either a lending tree or a kickstarter. I think it should be just a loan platform.
I disagree, a loan is a loan, and ideally we want the crowd funding platform - lets say a business wants a loan but their bank offers a 2% interest rate, Elixir with its crowdfunding feature can offer a loan at 1.5-1.8% (For example) - So a bunch of Elixians crowdfund - the business is happy, Elixians are happy, the Bank on the other hand might not be too happy -- flash forward a few months and banks want to buy and hodl Elixir to distribute cheaper loans to each other.
things that do 2 things are awesome
example, Ethereum is blockchain + smart contracts.
google was a search engine, now makes phones, email, cloud storage, etc.
Amazon - 2 day shipping, video streaming, cloud storage, marketplace
i could go on but you get the picture
When I hear the term crowdfunding I think of kickstarter. Its more of a group of people liking a project and contributing. A loan requires some metrics of the person asking for the loan. Currently we have FICO scores, which need a lot of improvement... So they are actually two very different things. While a loan organization can easily also offer crowd funding, doing this will limit itssuccess. A company needs to be focused on one area to succeed. Facebook could not succeed at business social media and personal social media, which is why linkedin came into the picture. I think what is going to hold ELIX back is its slightly broad focus.