(TNS) -- On Monday, a new type of crowdfunding will become legal, and the public can begin buying shares or debt in private companies.
But will Philadelphia start-ups and local entrepreneurs raise big money through crowdfunding?
If this past week's Angel Capital Association convention is any indication, probably not right away.
Sebastian Gomez Abero of the Securities and Exchange Commission's Office of Small Business Policy addressed the angel-investor crowd Wednesday, and as one of the authors of regulation for crowdfunding, sought to clarify for investors and issuing entrepreneurs the rules on this new type of financing.
Image: Yancey Strickler, co-founder of Kickstarter, one of the most popular crowdfunding sites. REX HAMMOCK
