I’m a goofy guy with a pie-in-the-sky idea for a business. But I’m glib, and I can write a spiffy business plan. So, I think I’ll go round up some pie-eyed investors to fund my new venture.
Lucky for me, it is getting a lot easier to hook suckers.
Starting in three weeks, the federal government will permit “crowdfunding” for startup companies and small businesses.
Entrepreneurs — some quite bright; others, goof-ups like me — will be able to sell shares to the public without the heavy requirements that protected investors up to now.
Image: http://www.stltoday.com (Library of Congress)
