It’s a good idea to allow small startups to find funding, to get started. Unfortunately, it will be stomped out quickly by the SEC and financial lobby before it can really take a hold. Can’t have a bunch of “uppity” upstarts challenge the status quo, can we?
posted on 03/09/2013 9:47:53 AM PST
(We are the producers, the creators. Grow it, mine it, build it.)
KickStarter has been around for a while, allowing people to seek donations for their project. Most of the projects (until now) have been either artistic/cultural (films, music, etc.) or humanitarian (I need money for surgery). The law was that the individual could not provide anything of value in return.
BTW, assuming this was correct, it bugs me that there is some "law" that governs whether I can ask people for money for something, and whether I can then offer them something of value if things work out for me.
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