The Industry Website

Web's Largest listing of crowdsourcing and crowdfunding events


Web's Largest Directory of Sites

2,942 crowdsourcing and crowdfunding sites

Crowdfunding Could Be a Game-Changer for Entrepreneurs

document Crowdfunding
Summary “Crowdfunding” – sometimes written as “crowd funding” – is the term that describes the pooling of money and other resources by a group of people to accomplish a goal or support an effort. In a very general sense, lots of things could fit into this category, including buying stock in a company. But, there are some important legal distinctions that have to be made that differentiate crowdfunding from offering shares in a company.
According to Rockethub’s rules, in order to be legal, offering the following as remuneration is not allowed:

* Equity (aka ownership)
* Revenue share
* Investment opportunities
* Entrance into lotteries, raffles, or sweepstakes.

If the Senate sees fit to pass the bill in either form, it could be a game-changer for artists, entrepreneurs, app developers and others who don’t need a whole lot, just enough to get their project off the ground, and are willing to share the spoils with those who help them get there.

Download Flag This



 Join or Login