Water assets are among the most heavily regulated pieces of infrastructure, lowering the level of investor risk.

This lowers investor risk, which lowers the cost of capital.

Fully insured media funds are now being carefully reviewed by risk analysts at major hedge funds, banks and institutional pension plans specializing in investor risk mitigation.

This suggests that some crowdfunding evaluations are over-inflated and that investors risk seeing their shares diluted.

It did not make clear that investors risked losing sums far in excess of their original investment.