Description
Crowdfunding in its current form is not an investment vehicle; it’s more a means of collecting donations.The idea is to get a lot of people to each pledge a relatively small amount, which adds up to a large amount. Serial entrepreneur and former Arizona State University professor CJ Cornell hopes to replicate the success of Kickstarter with his Arizona-specific crowdfunding service, Propel Arizona. Cornell launched Propel Arizona in November 2012 as a non-profit to help Arizona entrepreneurs secure startup funding for their projects.
SOURCE LINK to the full article:
http://www.azcentral.com/business/arizonaeconomy/articles/20130213arizona-crowdfunding-propel-arizona.html