On April 5, 2012 President Obama signed The American Jobs Act into law legalizing crowd funding. In the past, crowdfunding sites had some success stories and did not have to report to the SEC. Now crowd funding sites are growing in numbers and supporting all types of small organizations.
Crowdfunding sites are growing in numbers to support different types of organizations like small businesses and nonprofits, to new talent such as musicians, book writers, scientists and other creative projects. Kick starter, Rocket hub, Peer backers, Profounder and Quirky are some popular ones. The Small Business Network supports crowd funding. Capital C “the crowd liberates itself” is the latest project sponsored. Capital C. will be the first documentary on the effects of crowd funding around the world. The producers include some noted film makers, writers, and researchers around the world.