Skift Take
It's great that individuals can get in on a piece of the startup action — as long as they understand the investment.
It's rare for one founder to publicly disparage another company's effort to raise funding. But Vacasa founder Eric Breon took to LinkedIn this week to say Pacaso's current effort to raise money "disgusts" him and "seems designed to deceive."
Pacaso is a real estate company that enables people to invest in luxury vacation rentals through fractional ownership. Breon's comments were in response to Pacaso's announcement that it was enabling individuals to invest in the private equity-backed company with minimum investments of $1,000 plus a 3.5% fee.
Such fundraises in private companies are usually closed to the public.
Pacaso, which has total equity financing of more than $230 million, is seeking to raise another $75 million.
"I rarely comment on LinkedIn, but this disgusts me," wrot