It has been a whirlwind last few days in the crowdfunding world. Some view crowdfunding as a great alternative to angel or VC capital, at least at the start, for new high- growth tech startups. Others see this as a way for everyday new small businesses–catering companies, small construction companies, and the like–to get off the ground. Whichever way it goes, it’s an exciting development for anyone active in building new businesses.
Leading up to this, a grass-roots group of crowd-funding supporters that grew out of the Cambridge Innovation Center’s C3 community, known as WeFunder.com, organized a public forum on crowd-funding last Monday at Mass Challenge. They arranged for Senator Scott Brown (R-MA, sponsor of the first of the Senate crowd-funding bills) and Congressman Patrick McHenry (R-NC, sponsor of the House bill) to address the audience. They also convened a panel that included myself, Locavesting author Amy Cortese, Harvard Business School professor Bill Sahlman, and Mass Challenge co-founder Akhil Nigam, and moderated by Wired editor and Northeastern professor Jeff Howe.
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