Earlier this year I wrote in Harvard Business Review about the coming legalization of Crowdfund Investing in the U.S. in my article “Don’t Abandon Crowdfunding, Manage It”
That article noted that crowdfunding is rising fast as a significant source of funding for startup ventures, based on data from the “Crowdfunding Industry Report”from www.crowdsourcing.org. The April 2012 report has estimated that 452 crowdfunding platforms (CFPs) raised nearly $1.5 billion in 2011, and that funding volume is on track to nearly double to $2.8 billion in 2012. By all estimations, the 2012 predictions continue to hold.
This week the Crowdfunding Professional Association (www.crowdfundingprofessional.org) in conjunction with the co-founders of Crowdfund Capital Advisors, Sherwood Neiss, Jason Best and Zak Cassady-Dorion, are releasing additional information based on a comprehensive survey of 442 entrepreneurs, investors, and intermediaries about their interest in Crowdfund investing as the enactment of the JOBS Act, signed April 5, 2011, allows for equity based crowdfunding in the United States beginning in 2013.
Read More at Forbes