Securities, 88 Notre Securities, 88 Notre - Our Busi Jumpstart In Stuart Dredge’s article, “Kickstarter’s Biggest Biggest “Kickstarter’s article, Dredge’s Stuart In - “crowd authorizes Act CROWDFUND The Act primary of goal CROWDFUND The the must transactions crowdfunding Moreover, Hits - Why Crowdfunding Now Sets The Trends” Trends” Sets The Now Crowdfunding Why - Hits shows he 2014, April in in the Guardian published campaigns, successful crowdfunding of examples hooded company’s Tinder and the Flint including raisedin 2013) ($1.1 million project sweatshirt - develop coding kit technology’s the Kano and - issu However, 2013). raisedin million ($1.5 ment may crowdfunding that also be should aware ers hostile issues, property expose intellectual them to - reputa and securities allegations fraud takeovers, concerns. litigation potential other among tions, - as of unreg defined the sale securities,” of funding - num large to the Internet securities over istered invests only whom of each investors, retail bersof (See amount. a small dollar ) 301-05. §§ 112-106 No. L. Pub. Act, Startups ness startup for means expensive a less provide to is a new establishing by capital raise to companies - require the securities to registration exemption crowdfund 1933. To in the Securities of ments Act than more raise not may issuers securitieslegally, - while inves via crowdfunding annually million $1 crowdfunding of amount aggregate annual tors’ scale. (Andrew a sliding on limited is investment CrowdfundingA. Schwartz, 1457, 1462 (2013)). L. Rev. Dame as such intermediary, via befinancial a executed facili- To portal. a funding Id. or a broker-dealer their own pass several states crowdfunding, tate intrastate regarding law exemption crowdfunding and Georgia Kansas, Wisconsin, as such offerings, which capital the method by However, Michigan. still comply must crowdfunding raised through is the door still leaving securitieswith thereby laws, if the a flood to of open securities allegations fraud fail. ultimately investments crowdfunding rowdfunding is the practice of fund- the of practice is rowdfunding raising by venture or a project ing large a from monetary contributions - via typically the In people, of number - types crowdfund three of are there Primarily 2008, since way a long come has Crowdfunding “Estimated report, Statista.com’s to According or issuers provide campaigns Crowdfunding - Transform “Crowdfunding: to According ternet. Innovative Through Investors Into Customers ing modelis crowdfunding The Service Platforms,” initiator the project actors: types three fueled of by the be idea to funded; individuals whoproposes a moderating the idea; and who support groups or the parties brings that (theplatform) organization the idea. launch to together equity-based and reward/donation-based, ing reward-based of the frame Under credit-based. or product a presell entrepreneurs crowdfunding, who individuals to serviceconcept, a launch to as such in return, incentive type some of receive Equity-based crowdfunding a free application. support to of individuals the effort collective is Credit- equity. through initiatives people’s other popularity its gained has based crowdfunding - lend of their level banks reduced 2012 as since to capital lends investors activities. A pooling of credit- in terms who meets the credit a borrower based crowdfunding. students C. Berkeley MBA U. of when a group a multibillion-dollar now It’s Indiegogo. launched - Accord every exponentially day. industry growing in Leads World Article “U.S. Drake’s David to ing in published Trend” Crowdfunding Burgeoning were 2013, $1.6 billion in April magazine Forbes crowdfunding America through raised in North a LendingClub, example, 2012. For of in the year transacted platform, crowdfunding credit-based to projections 2013 with in March $125 million the year. of the end by $1.5 billion to up lend - Plat Raised Crowdfunding by Funds of Volume the Between 2013,” 2011 and Worldwide forms that Report Industry estimates Crowdfunding the will from stem crowdfunding of 72 percent “World article, Swart’s Richard In States. United Hit to Market Investment Bank: Crowdfunding MEDIASHIFT, by 2025” published by $93 Billion is market the crowdfunding that estimate reports 2025. by expected $93 billion hit to A social with financial benefits. and producers of awareness public raise can project compelling - indi and campaign via a crowdfunding the issuer - Crowd tool. a powerful marketing provide rectly audience where forums create campaigns funding project with interact can investors potential and less costs crowdfunding Financially, producers. - cam entire because the financing traditional than the Internet. on paign takes place C

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The New Way Way The New Crowdfunding: Crowdfunding: for additional information. for additional information. com. Visit foleymansfield.com com. Visit foleymansfield.com at cparrington@foleymansfield. matters. Chris can be reached matters. Chris can be reached business and commercial business and commercial litigation, and other complex litigation, and other complex arbitration and securities arbitration and securities on matters involving FINRA on matters involving FINRA managers, his practice centers managers, his practice centers representatives and fund and fund representatives broker/dealers, registered registered broker/dealers, Representing businesses, businesses, Representing group at Foley & Mansfield. at Foley & Mansfield. group national securities practice national securities practice Chris P. Parrington chairs the Parrington chairs the Chris P.