I think part of the investment thesis is a build a Fox News version of social media. In some respects though that is harder to do since social media is about connectivity to others and Fox is mainly about content. There certainly is a strong feeling true or not that the other platforms are biased as well. I also think that Gab is taking reservations but none of the $4.8 is truly committed or escrowed.
From a general perspective, I have seen quite a bit of marketing material on these non listed offerings. Start Engine says that the majority of the investors are non-accredited. A lot of the investments seem to be smoke and mirrors, very little beyond concept. There are some though that are established businesses seeking to expand. It might have been from an article posted on your Blockchain site that hypothesized that many of these will go belly up, some will grow albeit slowly and very few will be multi-baggers.
I like the concept for speculative funds but I hope that people who can ill afford to lose money are investing.
I did a little researching on pooled funds that target these type of companies but they have a hefty entrance price.