Can your $1 contribution create a Big Business? YES, with crowdfunding.
$1.5 billion in 2011, crowdfunding is set to double this year . Kickstarter and Indiegogo crowdfunded 60,000 projects: Half of the cash came as donations, while the other half came as an exchange for creative rewards or future product.
Now that the JOBS Act lets startups exchange Equity-for-Cash up to $1M per year, implementation will prove interesting. Crowdfunding has vined its way through informal social networking sites, and these continue to fuel the rapid growth of this new economic engine...
Learn more at: http://www.vlab.org/article.html?aid=446
Carl Esposti, Founder at Crowdsourcing.org
Slava Rubin, CEO & Co-Founder at Indiegogo
Ryan Caldbeck, CEO, CircleUp
Daniel Zimmermann, Partner, WilmerHale
Don Ross, Managing Director/Founder and Board Member, HealthTech Capital and Sand Hill Angels
Via Berend de Jonge