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Georgia was one of the first states to open a complicated regulatory loophole back in 2011, which allowed residents to buy into local businesses--just like buying shares on the stock market. It took a few more years before the promise of "equity-based crowd funding" took hold.

But in 2013 it did, and the concept is partly the reason you can now find a Bohemian guitar on the shelves of mass-market music retailers, or in the hands of big-name performers--drawn by the unique sound and look of a metal oil can, which makes up the guitar’s body.   

Image: Shaun Lee, co-founder of Bohemian Guitars. Jim Burress/WABE