By: Jim Pettinger
Thousands of entrepreneurs and others are jumping on the “crowdfunding” bandwagon unleashed by the Jumpstart Our Business Startups (JOBS) Act, signed into law by President Obama in April 2012. Quite simply, it allows individuals and small companies to raise venture funds via the internet without the burden of typical fundraising compliance issues.
A great example of a typical project is currently listed on trendsetting website Kickstarter.com. (Disclaimer: this company is one of our clients.)
Although a very recent phenomenon, a good overview can be found in these articles in the following popular business magazine websites (click each to access): Forbes, Fox News and Entrepreneur.
Crowdfunding is clearly here to stay, but a little caution mixed with careful planning is always a good idea.
TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.
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