It looks like the Securities and Exchange Commission (SEC) might be joining the 21st century after all, and in the process, it may solidify social media as a legitimate media channel, and not a here today gone tomorrow fad that shouldn't be taken too seriously. The SEC is said to be considering whether to let fast-growing companies use social networks to raise funding using a new technique known as crowd funding.
On the surface, the idea sounds simple enough, tap into thousands of investors for small amounts of money, to help fund your business venture. If you're a small business owner, coming from a good place with a pure heart, and in need of funding, you're the ideal candidate to tap into a large pool of people and inspire them all to give you small amounts of money. Crowd funding works in a similar fashion, and the consideration is to allow social media networks like Facebook, LinkedIn and Twitter to be the platform used to reach a lot of people in hopes of raising a lot of money.
To read the full, original article click on this link: Need Venture Capital: Better Beef-up Your Social Media Networks - Technorati Blogging
Author: Mikaela Louve
