Private equity firms do this too, and to sweeten the offer they promise to take over the entire process of selling the business.

FORBES: It's Your Baby-- Now Say Goodbye

It leads to a host of learning biases that I will describe in the next few posts, all of which get in the way of the most important goal in the entire process of building a new business: learn.

FORBES: When Believing in Yourself Can Kill Your Business

Writing in his blog, the BBC's business editor says that the "entire bidding process was flawed".

BBC: West Coast Main Line: Taxpayers 'at risk' in rail bid

Even if the particular crowdfunding investment is legitimate, the entire process will still be fraught with risk since unsophisticated business people will likely use crowdfunding to raise money for their new enterprises.

FORBES: Crowdfunding: Potential Legal Disaster Waiting To Happen

Google will burn up its entire foundations of a business in the process.

FORBES: Why Google Is Doomed With Sudden Shift To Mobile

Andrew Koven: I have a unique 360-degree perspective on the business as I get to see the entire decision making process a customer engages in from start to finish with our brand.

FORBES: Your Personal Passion Can Benefit Your Company