Have you heard about crowdfunding?
Essentially, crowdfunding is a way to expand your base of financing, whether you’re an individual seeking medical care, a student looking to take time off for travel, or an entrepreneur with a budding business venture idea.
In this morning’s edition of the Wall Street Journal, Mr. Andrew Ackerman writes that the SEC is now proposing crowdfunding rules. Those of us who have been following crowdfunding for the last couple of years heard rumors of this impending legislation but had yet to see anything come to fruition. Now, we have our answers.
The article states “The Securities and Exchange Commission is set to propose rules allowing entrepreneurs to tap large numbers of ordinary investors for small amounts of capital, advancing long-delayed “crowd-funding” provisions from last year’s Jumpstart Our Business Startups (JOBS) Act.”
What do you think? How will crowdfunding shape the way we do business?