Join Crowdfunding Renegade Christopher J Crippen
The JOBS Act represents a fundamental change in business financing. Many Companies previously left out of the market will now be able to obtain capital like never before. This will lead to disruptions across the board. The JOBS Act recognizes that recent changes in technology have necessitated an update to the securities laws. The JOBS Act is the first major revision of Securities Law in 80 years. Join “the original crowdfunding renegeage” Christopher J Crippen and learn how to use crowdfudning to get ahead of the curve.
In a recent survey of would be startups and established startups about the greatest barriers to starting a business or launching a product raising money topped the list.
At any given time there is an estimated 27 million business that are in need of capital. The US Small Business administration states that the number one reason over 51% of all business go out of business is due to lack of capital. Yet in-spite of this obvious need, 23% of entrepreneurs are so daunted by the task of raising money that they don’t even try and another 51% are turned down for their efforts.
This is all changing. Reaching out to Friends and family is how most entrepreneurs get started, but this source by definition is a very limited group with potentially limited means, Next on the list are traditional investors, Angels, Super Angels, VCs & the like, but these professional investors are typically too narrow in their focus and short sighted to fund most startups.