Small Firms May Soon Turn To Crowdfunding To Sell Shares
Wednesday, November 27, 2013
Crowdfunding is popular among musicians, filmmakers and artists looking for a way to finance their next project.
Now the Securities and Exchange Commission is considering rules that, for the first time, would allow small companies to solicit investments over the Internet and sell shares to the general public.
For some small firms, these new rules come as welcome news.
Shane Emmett, CEO of Health Warrior, which makes a line of nutrition bars made of chia seeds, says his company is looking to raise money and would consider doing so under the SEC rules.
Source: NPR (link opens in a new window)