A yoga instructor wants $10,000 for studio renovations. A student wants to take an overseas educational trip. An entrepreneur has an idea for a piece of exercise gear but needs money to get rolling. A coffee shop needs new equipment.
Many of these people would like money from a source somewhere between their own credit cards and the world of bankers, venture capitalists and angel investors.
Enter crowdfunding.
It means getting a little money from a lot of people, and the concept is gaining steam in an age of social media. A new federal law will expand its role for start-up businesses next year.
Read More at the Palm Beach Post