Crowd-sourced funding, as it stands now, is kind of like the reality show Shark Tank, without the sharp teeth--and without the really big bucks.
Small businesses and entrepreneurs use written pitches and videos to appeal to members within a site’s online network and set a target amount they’d like to raise. By sheer virtue of the number of donors, who invest a few hundred dollars or $1,000 or so each, startups are often able to meet their targets and get off the ground.
But the impact of these crowd-funding sites could grow.
To read the full, original article click on this link: Crowd Funding Sites Could Get Sec Approval To Sell Equity Shares - Entrepreneurship - Portfolio.com
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