As an angel investor who hears pitches from ambitious entrepreneurs daily, I know that crowdfunding will not be some fad, a blip in era of social networking.
I also know that crowdfunding is not about number crunching, technical indicators and fueling yet another tech bubble—there is a real hunger among everyday people to invest in their communities and projects that they believe in.
Both of those statements are important to make today. Exactly one year ago, President Barack Obama signed into law the Jumpstart Our Business Startups Act. The legislation—one of the rare bills from last year to get both Democratic and Republican support—was especially notable because it set in motion the framework for companies with less than $1 billion in gross revenues to raise funds through crowdfunding.
The story of equity-based crowdfunding in the United States doesn’t begin with Obama’s signature…
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