On August 13, 2013, three members of the Wisconsin legislature held a news conference to announce that they planned to introduce new legislation that would permit equity crowdfunding in Wisconsin. Late last week, this eagerly awaited legislation was introduced in the Wisconsin Assembly. If the proposed bill, known as the CASE (Crowdfunding and Securities Exemptions) for Jobs Act (AB350) (the “Act” or the “CASE for Jobs Act”) is passed, Wisconsin would join only two other states — Georgia and Kansas — that have amended their state securities laws to permit equity crowdfunding. Continue reading
Crowdfunding seems to be everywhere these days. High school students are using crowdfunding to pay their way to college. Charities are using crowdfunding to raise money for their causes. Entrepreneurs want to use crowdfunding to raise money for their startups. Although the term “crowdfunding” is frequently used, it is rarely defined. To add some clarity to all of the buzz, here is a quick tour of the world of crowdfunding.
Generally speaking, crowdfunding refers to a method of financing a project, charitable cause or company by obtaining small amounts of capital from a large number of individuals, usually via the Continue reading