When Congress passed the JOBS Act early this year, included in the Bill was a mechanism to allow for funding of early start ups by Crowdsourcing. The Securities and Exchange Commission is charged with modifying the existing SEC regulations related to investing to allow Joe Public the opportunity to get in on the ground floor of start ups. Online sites will offer the general public the opportunity to buy shares in promising technologies and services.
This leads me to make a prediction as to why Crowdsourcing will result in new companies making it through the “Valley of Death” to become successful. People will invest not primarily to make money, but because they feel that a certain technology or service is a good idea and deserves a chance. It is similar to the mentality why people want an underdog in a sports match up to win. Not because they are the best, but against great odds they are trying to accomplish something worthwhile.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.