The internet has made possible (or at least made more possible) bringing together people on a scale unmatched by any prior communications device. This has changed many social dynamics, and, importantly for entrepreneurs and other owners of small businesses, could function as a tool to raise small amounts of money from large numbers of people (a practice called "crowdfunding"). Crowdfunding is currently not permitted by the United States' securities laws, but as this article explains, many different proposals, with varying implications for the role of crowdfunding in a business's lifecycle, are being discussed by Congress, President Obama, and the SEC.
- Summary by FizzLaw Team
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Crowding Out Venture with Crowdfunding?