Crowdfunding: A little cash from a lot of folks

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



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