For the most part, VCs (looking out at the world from behind Google Glass) stay away from crowdfunding because the prospect of supporting a product without having a piece of the profit is simply uninteresting to those searching for greater traction and returns. But once Title III goes into effect, the lack of accredited investors won't be as great an issue due to the increased participation of the unaccredited.
Still, with that comes a whole host of post-funding problems as young entrepreneurs struggle with the new (old) problems of business: what to do with the money, how to keep and grow your user base, expanding, secondary markets, going public, etc.
The first step in this process is nailing down the Title III rules. Everything else until then is speculation, except for what Heraclitus said more than 2,000 years ago: Change is the only constant in life.
—By Ron Miller, CEO and partner at StartEngine, and a CNBC-YPO Chief Executive Network member
CNBC and YPO (Young Presidents' Organization) have formed an exclusive editorial partnership, consisting of regional Chief Executive Networks in the Americas, EMEA and Asia-Pacific. These Chief Executive Networks are made up of a sample of YPO's unrivaled global network of 20,000 top executives from 120 countries who are on the front lines of the economy. The opinions of Chief Executive Network members are solely their own and do not reflect the opinions of YPO as a whole or CNBC.