Equity crowdfunding waits on the SEC

Crowdfunding mechanisms like Kickstarter and Indiegogo have revolutionized how artists and creative ventures raise money. By enabling pitching an idea online and then hyping it relentlessly through social media, the average fundraiser can reach far beyond his personal network. Filmmakers, musicians, and even technology companies have used crowdfunding to raise impressive sums, sometimes into six and seven figures.The process has been criticized for being inefficient and appealing to a limited demographic of young urbanites with twee taste and too much time. Even so, crowdfunding undeniably works. Fortune magazine reports that crowdfunders raised $2.8 billion this year.Continue Reading…

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Equity crowdfunding waits on the SEC

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