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Crowdfunding as a source for investors

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  • Crowdfunding as a source for investors

    This is pretty big news for entrepreneurs looking to find funding for their businesses.

    It looks like the Securities and Exchange Commission is about to allow crowd source funding for raising funds of under $1million dollars.

    The rules would create a new financial entity, called a funding portal, which would be a Web site that would electronically connect investors with young companies looking to raise money. The SEC's approval is needed since such sites are banned today in order to protect investors.
    Very interesting and a new potential way to raise funds.

    http://www.usatoday.com/story/money/...s-act/3169395/

    Investors on the other hand would only be permitted to invest the greater of $2,000 or 5% of their annual income or net worth every 12 months, as long as their net income or annual income is less than $100,000. For investors with net income or annual income of $100,000 or more, investors would be able to invest 10% of that amount every twelve month period in crowdfunding opportunities.
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