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As Cicero said, the rules that were changed to allow "crowdfunding" aren't about crowdfunding in the sense that you're used to. What changed was they opened the way for people who aren't what's called "accredited investors" (i.e. normal working poors like you and me) to put small amounts of money into a company in exchange for small chunks of equity. It's a way of selling stock without going public. Unless you're offering equity as a kickstarter reward tier, it has absolutely zero affect on crowdfunding sites like Kickstarter and Indiegogo. What you're doing there isn't really "crowdfunding," as the law sees it, but rather accepting non-tax deductible donations in exchange for knicknacks, like a shady telethon.
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# ¿ Apr 30, 2014 06:49 |
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# ¿ May 16, 2024 05:06 |
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Yeah, if you had a boiler room organization you could probably raise a ton of money from old people who don't know any better for a startup that goes nowhere. I'm expecting a lot of Wolf of Wall Street type stuff to happen once the law goes into effect.
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# ¿ May 2, 2014 22:54 |