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Crowdfunding & Startups – New IT Revolution?

document Crowdfunding

Crowdfunding Revolution?

&

Startups

–

New

IT

By Andy Donovan, Published March 28, 2012

Obviously, building a successful startup isn’t as simple as it might seem at first glance, much because of the fact that a great idea in its essence is absolutely insufficient. The most essential part of launching a potentially popular and profitable startup lies in the actual realization of the above-mentioned creative idea and promoting it in the best possible ways. In this respect, money appears to be the vitally important resource, which can either help a fresh startup prosper, or fail, in case the founders face funding deprivation. Much because of an urgent necessity to have enough bankroll at the disposal, a great number of IT geniuses who are planning to start their own unique project usually go to the edge of ruin to collect the needed sums of money at the earliest stage of startup history, so that at least the first phase of its creation and introduction to the public audience is done properly.

Undoubtedly, the former introduction of a few services, like KickStarter has become a true life savior for inexperienced startup founders, as those enabled to acquire money from loads of ordinary users in the form of donations. Yet, till now, the opportunities to actually invest money in others’ startups have been unattainable for average people in the US, for instance, whose own nets happen to be valued lower, than $1 million. Nonetheless, the situation may change soon, in case the new Senate’s socalled Crowdfund Act is passed. This act, in particular, presupposes everyone’s ability to invest money in a startup, and in such a way be able to receive a certain, predefined part of future profits. What is peculiar about Crowdfund Act is that the document is also supposed to increase investors’ awareness of their rights and benefits, not to mention the highest level of their investment security. The offered tax structure is quite flexible as well with 5% tax (up to $2 000) for not more, than $100 000 income, and 10% tax (up to $100 000) for $100,000 income and more. As the experts admit, the new Senate’s Crowdfund Act will certainly simplify the investment process and speed up the development of versatile startups in different niches of IT sphere. Most of them agree, that as soon as the official document is passed, a wide range of possibilities will be opened for new IT businesses, which can’t but lead to the increased diversity of choice for users. It goes without saying that crowdfunding is the future of startup development now, but can you imagine the situation, if the similar documents were officially passed even 5 or 10 years ago? Some of us would now perhaps get profits from such grandees as Apple, or 4shared, or any other large IT company. Perhaps, it’s time to make up leeway?

Summary
Building a successful startup isn’t as simple as it might seem at first glance, much because of the fact that a great idea in its essence is absolutely insufficient. The most essential part of launching a potentially popular and profitable startup lies in the actual realization of the above-mentioned creative idea and promoting it in the best possible ways.

Description
As the experts admit, the new Senate’s Crowdfund Act will certainly simplify the investment process and speed up the development of versatile startups in different niches of IT sphere. Most of them agree, that as soon as the official document is passed, a wide range of possibilities will be opened for new IT businesses, which can’t but lead to the increased diversity of choice for users.

Tags: Crowdfund Act, Crowdfunding, crowdfunding bills, Crowdsource, Crowdsourcing, regulations, SEC, Senate

Posted by Adam Frazer

Mar 28, 2012 10:02 pm GMT Viewed 1439 times

Author: Andy Donovan Source

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