Delaware startups soon will be able to tap into a new source of investment capital similar to the crowdfunding model popularized by websites like Kickstarter and Indiegogo.
The General Assembly has approved a bill to legalize “equity crowdfunding” in Delaware – a measure that clears the way for state residents to buy stock in local startups through an online platform.
“This is very cool and could be a big benefit for entrepreneurs,” said Vincent DeFelice, who works with promising startups at University of Delaware’s Horn Program in Entrepreneurship.