You've probably heard of crowdfunding. It's a method of raising capital (i.e., money) from a bunch of strangers, usually by posting a description of your project on the internet and having people give money to support it.
It's a great idea to bootstrap new ventures, especially creative projects that grab the imagination.
Unfortunately, raising money for business has been subject to a whole host of rules and regulations dealing with public and private offerings, both at a federal and state level.
A series of bills just made it through Congress to try to address the issue and make it easier for entrepreneurs to access crowdfunds to fuel their startup and growth.
It was recently discussed in a blog at Mosaic.com, devoted to impact investors and crowdfunding sources. The article, entitled Why Crowdfund Investing is the Path to Economic Recovery, calls it a
miraculous bill, called the JOBS (Jumpstart Our Business Startups) Act, is a series of six bills tied together designed to make it easier for startups to gain access to capital. Undoubtedly the most exciting aspect of this act is what it does for crowdfund investing.
Give it a read.
If you're interested in crowdfunding for your project, two sites who raise such funds are Kiva or Kickstarter. Visit them to learn more.
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