NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, December 3, 2013

Crowdfunding is one of the biggest buzzwords in entrepreneurship. The Securities and Exchange Commission just released a 585-page rulebook, a long-delayed document that effectively legitimizes its place in modern business. Sites like Kickstarter and Indiegogo are not just a cool way to help a friend launch a passion project or support the comeback of a cult TV favorite. They are established, regulated, high-potential, high-growth investment marketplaces with worldwide public access.

But the prevailing attitude among American entrepreneurs, particularly among millennials, is tragically out of line with this new reality.