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Crowdfunding

Crowdfunding

Collection of finance from backers—the "crowd"—to fund an initiative

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Timeline

April 2012
Jumpstart Our Business Startups (JOBS) Act

President Barack Obama signed the Jumpstart Our Business Startups (JOBS) Act into law. Also known as “the crowdfunding bill,” the JOBS Act aims to lessen regulation burdens on small businesses and has legalized equity crowdfunding. This includes removing the ban on general solicitation that prevents entrepreneurs from publicizing that they’re raising money.

2011
Crowdfunding generated a total revenue of $1.5 billion
2009
Crowdfunding amassed revenue of $530 million
2009
Crowdfunding boasts a 74% compounded annual growth rate

It is an incredibly important funding option because other funds (such as Small Business Association loans) have become significantly less available in the past few years.

2005
International Crowdfunding and micro-loans

Kiva is an international nonprofit, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive.

crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world

2000
Inspired by the British rock band

ArtistShare became the first dedicated crowdfunding platform

1997
Inception of Modern Day Crowdfunding

British rock band funded their reunion tour through online donations from fans

Further Resources

Title
Author
Link
Type
Date

Regulation Crowdfunding 2019

SEC

PDF Report

June 18th 2019

References

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