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Connected: Bolstr.com tweaks crowd funding

document Crowdfunding
Summary Charlie Tribbett and Larry Baker, co-founders of bolstr.com, have created an online marketplace to help entrepreneurs get funding for their endeavors. Bolstr.com uses a concept that is growing in popularity around the country called crowd funding. With crowd funding, you put your opportunity online -- including what you want to do, how much money you want from investors and what an investor might receive as part of an investment in your endeavor.
Description According to a Pepperdine study, 76 percent of small businesses that seek friends and family funding become successful. Bolstr.com is meant to expand that definition of friends and family who can provide you with the money you need for that expansion. Currently in a private beta test, meaning you must apply and you may or may not be accepted, bolstr.com is attempting to minimize the risk for the investors by only accepting businesses that have a track record of at least two years in business and can produce tax documents to prove they are legitimate.

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